Friday, 24th May 2013 | Trading on the Trinidad & Tobago Stock Exchange on Friday was even sparser than the day before as a mere 29,245 shares crossed the floor of the Exchange valued at $342,771 and in the mutual fund section just 699 units traded for $14,714. Trading took place in 12 securities of which 3 advanced, 3 declined and 6 traded firm.

Grace Kennedy stock which closed at $3.90 rose 17 cents and 10,000 shares changed hands valued $39,000, followed by National Enterprises, volume of 7,347 shares traded for $115,495. Guardian Holdings contributed 6,050 of the total volume carrying a value of $102,851, while loosing 50 cents to close at $17.

West Indian Tobacco and National Enterprise traded at 52 weeks high.

Trading was very light on the Trinidad & Tobago Stock Exchange today, with just 5 securities trading of which 2 advanced, 1 declined and 2 traded firm.

Activity on a very lackluster market resulted in 150,034 shares trading on the main market valued at $330,999. Trinidad Cement was the volume leader with 126,800 shares changing hands for a value of $122,524, followed by Angostura Holdings with 15,900 shares worth $143,100. Prestige Holdings accounted for 6,765 shares with a value of $63,253.

Clico Investment Fund traded 46,300 shares valued at $974,779. All shares price changes were modest ranging from minus 1 cent to a gain of 3 cents.

5 stocks were being offered at prices below their last selling price and 3 stocks had bids above their last selling price.

No aggression in trades | Market activity continues to meander along as traders nibble away at prices with very little changing from day to day. Wednesday’s trading session was no exception as price changes on the Trinidad & Tobago Stock Exchange were again moderate with the highest gain being 12 cents for Scotia Bank and the highest loss was 5 cents for Point Lisa Industrial Port Development.

There was trading in 16 securities of which 7 advanced, 4 declined and 5 traded firm. Main market volume was 665,031 shares valued at $6,596,902.44. Point Lisas Industrial Port Development Corporation traded 349,209 shares for a value of $1,239,942, followed by Angostura Holdings with a volume of 207,100 shares traded for $1,863,900, while ANSA McAL added 30,446 shares valued at $2,046,580. Clico Investment Fund traded 6,860 shares for a value of $109,332.

An indication of market sentiment is to be found in the both the advance/decline ratio which has been positive for several trading days as well as in the number of stocks closing with bids above last selling price or the offer below the last selling price. At today’s close there were 5 stocks with bids higher than the last selling price and 4 with offers below. One stock traded at a new 52 weeks high.

Trading on the T&T Stock Exchange continues with a number of stocks recording moderate activity and price changes as has been the case for a number of trading days from last week. At the end of trading, 12 securities changed hands of which 3 advanced, 4 declined and 5 traded firm on a day when the volume of trading was low at 364,642 units.

The main market saw a volume of just 332,774 shares trading, valued at $10,791,913. Prestige Holdings had 147,500 shares changing hands for a value of $1,379,125, followed by ANSA Mcal with 111,500 shares traded for $7,495,030. Angostura Holdings contributed 23,100 shares with a value of $207,900, while 17,000 shares for National Flour Mills traded valued at $13,700. Clico Investment Fund traded 31,868 shares valued at $670,276 as the price advanced $0.02 to end at $21.03.

Lackluster trading | And so it was on a day when a mere 8 securities changed hands with 1 advancing, 2 declined and 5 traded firm accounting for just 140,368 units at a value of TT$3.4 million. The market continues to reflect a scenario of stocks in demand but there are no visible sellers and on the other hand there are some stocks that investors want sold but the buyers are not in any haste to buy them at the prices they were last sold at.

Scotia Investments Jamaica was the volume leader with 11,250 shares changing hands for a value of $19,125. Conglomerate ANSA Mcal chipped in with 8,300 shares worth $557,926. Sagicor Financial Corporation contributed 1,980 shares with a value of $13,622, while West Indian Tobacco Company saw 1,972 shares changing hands for a value of $217,019.

Clico Investment Fund suffered the day’s greatest loss, falling $0.06 to close at $21.01 as it traded 123,661 shares valued at $2,597,636.

TTSE still no aggression | Buyers want stocks to buy in the Trinidad market and some sellers want to sell but there appears to be a standoff with sellers not wanting to part with some of the stocks that are not in great demand at much lower prices that they are offering to sell for. The same seems true for buyers, as there are clearly a shortage of some stocks on the market. The result of this standoff is limited trading and small price changes.

Trading on the main market | 13 securities trading with 5 advancing, none declined and 8 traded firm with a volume of 462,965 shares valued at $10,535,326.98. Conglomerate Ansa Mcal traded 125,000 shares for $8,402,500; Angostura Holdings traded 109,500 shares with a value of $985,479, while First Caribbean International Bank moved 50,000 shares valued at $400,000.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 7,447 shares valued at $156,827.

Slow day in T&T

Stocks were not actively traded today on the Trinidad & Tobago Stock Exchange. Only 13 securities traded with 1 advancing and 1 declining. The number of securities that traded speaks to the sluggishness of trading. The main market registered a volume of 551,546 shares valued at $6,304,909 while two mutual fund traded with 147,371 shares changing hands valued at $2,959,830.19.

Trinidad Cement traded 376,710 shares valued at $359,696, Guardian Media traded 116,100 shares for $2,292,969.00, ANSA Mcal saw 37,000 shares trading with a value of $2,487,140, while Republic Bank added 8,952 shares valued at $984,720.

Price changes were moderate resulting in virtual no movement in the indices.

Moderate Price movements

Trading volume in the main market was 1,231,545 shares valued at $7,881,995.28. Trinidad Cement traded 1,036,555 shares for a value of $984,727, followed by Scotiabank Trinidad & Tobago with a volume of 85,000 shares for $5,894,750. Angostura Holdings accounted for 55,125 shares with a value of $496,136.  14 securities of which 5 advanced, 4 declined and 5 traded firm.

Scotia Investments was the day’s largest gainer, increasing $0.15 to end the day at $1.70. Conversely, Clico Investment Fund suffered the day’s greatest loss, falling $0.05 to close at $21.04 while trading a volume of 66,564 shares valued at $1,400,198.

3 stocks traded at 52 weeks high on Tuesday while there were 5 stocks with bids above last selling price and 5 with offers below the last selling price.

Moderate Monday

Trading on the Trinidad & Tobago stock exchange was moderate with a volume of 219,942 shares crossing the floor of the Exchange valued at $2,641,580.

Angostura Holdings was the volume leader with 104,400 shares changing hands for a value of $939,600.00, followed by Point Lisas Industrial Port Development Corporation with 74,000 shares being traded for $266,400. Investors bought 9,174 Republic Bank shares with a value of $1,009,135. National Flour Mills enjoyed the day’s largest gain, increasing $0.05 to end the day at $0.86 as 15 securities traded of which 5 advanced and 10 traded firm. There were no stocks recording price declines. While there are signs of further price gains for some stocks, there are some that indicate they are likely to suffer a price decline as there are sellers who have not been able to find buyers for some time with the price they are offered at either being at the last selling price or below.

Five stocks closed with bids over the last selling price.

Stocks to watch this week | Investors should keep a close eye on the following stocks as they have the potential to record price gains. These are Ansa MaCal, One Caribbean media, Republic Bank, Scotia Bank and West Indian Tobacco.