Trading on the Trinidad & Tobago Stock Exchange jumped to $13 million on Monday from just $514,000 on Friday as Ansa McAL with 56 percent of the volume and 93 percent of the value of securities traded.
The market closed with only 10 securities changing hands down from 11 on Friday, as 5 stocks advanced, 5 held firm and none declining, leading to 354,972 shares traded for $13,441,469, compared to Friday’s trades of 148,999 units valued at just $514,609.
The Composite Index dropped 0.08 points to 1,275.50, the All T&T Index advanced 1.17 points to 1,743.46 and the Cross Listed Index was down 0.18 points to 108.85.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Securities gaining at the close of market activities are, First Citizens gaining 5 cents and closed at $31.95, with 613 units, Guardian Holdings rising 30 cents to $16 with 6,956 shares changing hands JMMB Group rose 3 cents, in closing at $2.18 and exchanging 132,553 shares.
National Flour Mills closed 10 cents higher to settle at $1.90 with 1,000 units trading and Trinidad & Tobago NGL ended at a 52 weeks’ high of $24.02, having gained 2 cents with 2,677 shares changing hands.
Firm Trades| At the close of trading on Monday,Angostura Holdings remained at $15.05 with 3,000 shares, Ansa McAL closed at $63.03 with 200,000 shares valued at $12,605,985 changing hands Clico Investment exchanged 2,800 shares at $21. Massy Holdings held firm at $48 with 5,205 shares traded and National Enterprises closed at $9.70 with 168 units.
Trading jumps to $13m on Monday
6 TTSE stocks rose in weak market
Market activity on the Trinidad & Tobago Stock Exchange on Thursday resulted in 13 securities changing hands compared to 8 on Wednesday. At the close, 6 stocks advanced, 3 declined and 4 were unchanged.
The Composite Index advanced 0.88 points to 1,274.51, the All T&T Index lost 0.58 points to 1,740.90 and the Cross Listed Index gained 0.32 points to close at 108.93.
Market activity ended with 80,674 shares traded at a value of $2,224,568 compared to Wednesday’s trades of 74,546 valued at $1,870,096.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| The last traded prices of securities rising on Thursday are, Clico Investment that gained 50 cents in closing at $20.50, with 30,278 shares valued at $632,166 trading. First Citizens ended with gains of 12 cents, to settle at $31.97 after exchanging 1,771 shares while First Caribbean International closed at a 52 weeks’ high of $9.30, by gaining 5 cents with 1,000 units traded. Guardian Holdings advanced 10 cents to $15.70 in exchanging 1,075 units, Sagicor Financial gained 1 cent, in closing at $7.81 with 1,200 shares and 
Scotiabank traded 25 cents higher, ending at $58.75 with just 100 units changing hands.
Losses| The last traded prices of securities declining are JMMB Group with a loss of 2 cents, closed at $2.18 with 9,063 shares changing hands, Massy Holdings declining by 92 cents to a 52 weeks’ low of $48 trading 7,041 share valued at $338,989 and National Enterprises that ended at a 52 weeks’ low of $9.70, after losing 5 cents with 232 units.
Firm Trades| Securities with the last traded prices unchanged at the close are, Angostura Holdings that ended at $15.05 with 400 units, Ansa McAL closed at $63.03 trading 17,014 shares valued at $1,072,392, National Flour Mills remained at $1.90 in exchanging 10,000 shares and Trinidad & Tobago NGL held firm at $24 with 1,500 shares.
Citizens Bank dominates TTSE trading
Trading ended with 13 securities changing hands on the Trinidad & Tobago Stock Exchange on Tuesday compared to 14 on Monday as First Citizens Bank dominated market activity with 69 percent of the volume of securities traded and 87 percent of the value.
The market closed with 2 stocks advancing, 5 declining and 6 holding firm as 651,650 shares traded at a value of $16,389,752 compared to Monday’s trades of 363,319 valued at $3,307,599.
The Composite Index declined by 3.51 points to 1,280.43, the All T&T Index added 0.14 points to 1,754.98 and the Cross Listed Index lost 0.98 points to close at 108.61.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market First Citizens rose by 4 cents to close at $31.85 trading 447,445 shares valued at $14,250,791 and JMMB Group gained 5 cents, closing at $2.20 with 1,080 units exchanged.
Losses| Securities declining based on the last traded price are, Clico Investment trading with a loss of 50 cents, in closing at $20.50 with 19,991 shares valued at $414,710 changing hands, Massy Holdings slid 8 cents to close at $48.92 in exchanging 3,883 shares, 
National Flour Mills closed at a 52 weeks’ low of $1.90, losing 5 cents with 100,000 shares. Republic Financial Holdings with a loss of 1 cent, closed at $101.69 with 229 units and Sagicor Financial ending at $7.80, after falling by 15 cents with trades of 4,052 shares.
Firm Trades| The securities trading unchanged at the close of trading are Angostura Holdings that closed at $15.05 with 8,100 shares, Guardian Holdings exchanged just 92 units at $15.60, NCB Financial Group held firm at $5.90 with 1,500 units trading. One Caribbean Media closed at $14 with 58,580 shares valued at $820,120, Scotiabank remained at $58.50 with 5,650 shares valued at 330,518 and Trinidad Cement exchanged 1,048 units at $3.95.
TTSE consolidating with downward bias
The Trinidad & Tobago Stock Exchange closed on Friday with 12 securities changing hands compared to 16 on Thursday as price changes were almost even as 3 stocks advanced, 4 declined and 6 held firm.
At the close, 337,266 shares traded at a value of $3,385,209 compared to Thursday’s trades of 636,867 valued at $4,568,685.
The Composite Index advanced 1.30 points to 1,296.28, the All T&T Index rose 0.92 points to 1,754.81 and the Cross Listed Index gained 0.23 points to 112.98 to be up 44.53 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market, Agostini’s gained 1 cent and closed at a 52 weeks’ high of $20.54, having traded 3,662 shares, 
Guardian Holdings after it traded at a low of $15.49 rose 10 cents from the previous, to last trade at $15.60 with 45,855 shares valued at $712,743 and Trinidad & Tobago NGL last trade was at $23.66, with gains of 8 cents exchanging 58,518 shares valued at $1,385,526.
Losses| At the end of trading on Friday, Massy Holdings closed with a loss of 50 cents, ending at $49 with 200 units traded after it traded earlier at $49.48, National Flour Mills lost 1 cent, settling at a 52 weeks’ low of $1.94 with 23,000 shares and Point Lisas closed at $3.94, losing 1 cent with trades of 4,021 shares.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are Angostura Holdings exchanged 2,881 shares at $15.05, Clico Investment closed at $20.80 with 2,091 shares, First Citizens traded 2,360 shares at $31.81. JMMB Group remained at $2.20 exchanging 183,936 shares valued at $403,172, NCB Financial Group closed at $6.50 with 1,500 units and Scotiabank traded 750 units to close at $58.50.
5 stocks up 4 down on TTSE
The Trinidad & Tobago Stock Exchange closed on Thursday with 16 securities changing hands compared to just 11 on Wednesday, as the market closed with mixed results as almost an equal number of stocks gained as lost.
Market activity resulted in 5 stocks advancing, 4 declining and 7 left unchanged as 636,867 shares traded at a value of $4,568,685 compared to Wednesday’s trades of 239,293 valued at $1,003,289.
The Composite Index lost 0.20 points to 1,294.98, the All T&T Index gained 1.34 points to 1,753.89 and the Cross Listed Index was down 0.24 points to 112.75.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are First Citizens with a gain of 1 cent, closing at $31.81 with 500 units exchanged, First Caribbean International Bank traded 25 cents higher to a 52 weeks’ high of $9.25 with 17,063 shares. Guardian Holdings advanced 50 cents to $15.50 with 47,810 units valued at $729,085, JMMB Group gained 5 cents to $2.20 trading 353,676 shares valued at $757,834 and Trinidad & Tobago NGL closed at $23.58, rising 3 cents while exchanging 7,500 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Ansa McAL with a loss of 3 cents, settling at $63 in trading 21,434 shares valued at $1,350,342, Clico Investment sliding 20 cents, in closing at $21.80 exchanging 200 units, 
Republic Financial Holdings lost 1 cent, ending at $101.75 trading 19 stock units and Sagicor Financial closed at $7.95, losing 1 cent with trades of 63,620 shares valued at $505,799.
Firm Trades| The last traded prices of securities closing unchanged and the volumes exchanged are Angostura Holdings traded 17,100 shares at $15.05, Grace Kennedy trading at $3 with 70,778 shares. Massy Holdings closed at $49.50 exchanging 3,025 shares, National Enterprises traded 250 units at $9.75. National Flour Mills closed at $1.95 with 1,000 units, One Caribbean Media settled at $14 exchanging 2,000 shares and Scotiabank closed at $58.50 trading 304 stock units.
Trading fairly steady on TTSE – Monday
JMMB Group trades at a 52 weeks’ high on TTSE.
Trading on the Trinidad & Tobago Stock Exchange on Monday closed with 13 securities changing hands, the same number as on Friday, as JMMB Group stock price closed at a 52 weeks’ high and National Flour Mills closed at a 52 weeks’ low.
Market activity resulted in 3 stocks advancing, 3 declining and 7 holding firm as 282,381 shares traded at a value of $2,414,741 compared to Friday’s trades of 360,606 valued at $6,717,397.
The Composite Index lost 0.21 points to 1,289.05, the All T&T Index declined by 1.07 points to 1,752.48 but the Cross Listed Index rose 0.09 points to 111.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the close of trading on Monday strong>First Citizens gained 11 cents with the last traded price ending at $31.91 as 12,038 shares valued at $382,819 changed hands, JMMB Group closed 13 cents higher at a 52 weeks’ high of $2.20 with 58,315 shares trading and Trinidad & Tobago NGL rose 5 cents and closed at $23.55 exchanging 3,100 shares.
Losses| The securities declining at the last price for the day are Clico Investment trading 16,457 shares valued at $345,708 and lost 4 cents in closing at $21, 
National Flour Mills fell 4 cents and closed at a 52 weeks’ low of $1.95 trading 53,012 shares and Republic Financial Holdings settled at $101.76, losing 13 cents with 3,465 shares valued at $345,708 trading.
Firm Trades| Securities traded unchanged at the close of the market are,Angostura Holdings exchanging 2,180 shares at $15.05, Grace Kennedy closing at $2.95 with 70,213 shares traded, National Enterprises closed at $9.75 with 500 units. One Caribbean Media closed at $14 with 47,046 shares valued at $658,644 changing hands, Prestige Holdings closed at $10.75 in exchanging 1,045 units, Sagicor Financial traded 15,000 shares at $8 and Scotiabank remained at $58.50 with 10 units being traded.
TTSE indices’ gains mask deeper problems
Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings
This graph tell the story that Unilever shares are set for a steep fall going forward.
is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.
NCB at J$122.50 in Trinidad
NCB trades at TT$6.45 or J$122.50 on the TTSE on Wednesday.
NCB Financial Group rose to a record 52-week high of $6.45 (J$122.50) after advancing 24 cents with 14,386 shares changing hands, Unilever Caribbean that suffered from major reversal of profits from 2014, tumbled to a 52-week low of $38.75 with a loss of $1.25 trading 1,200 units on the Trinidad & Tobago Stock Exchange on Wednesday.
Trading resulted in 15 securities changing hands compared to 16 on Tuesday as 3 stocks advanced, 4 declined and 8 held firm, leading to 350,612 shares trading at a value of $4,377,442, compared to Tuesday’s trades of 656,483 units valued at $7,023,258.
The Composite Index advanced 4.61 points to 1,288.64, the All T&T Index gained 0.35 points to 1,754.88 and the Cross Listed Index rose 1.22 points to close at 110.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Three stocks rose at the close of trading including Angostura Holdings that gained 5 cents closing at $15.05 with 164 units and JMMB Group rising 5 cents and ended at $2.09, exchanging 96,985 shares.
Losses| The last traded price of the securities declining are First Citizens with a loss of 1 cent, closed at $31.80 trading 15,800 shares valued at $505,147, after trading at $22. Grace Kennedy settled at $2.95, losing 5 cents with 122,197 shares valued at $360,591 and Massy Holdings was down 1 cent to $49.49 with 2,400 shares.
Firm Trades| At the close of trading are Clico Investment closed at $21 in exchanging 23,928 shares valued at $502,488, Ansa Merchant Bank exchanged 320 units at $40, First Caribbean International Bank traded 34,720 shares at $9 valued at $312,480. Guardian Holdings remained at $15 with 347 units. One Caribbean Media closed at $14 with 10,075 shares trading, Republic Financial Holdings ended at $101.76 with 17,762 shares valued at $1,807,461, Scotiabank exchanged 765 units at $58.10 and Trinidad & Tobago NGL closed at $23.49 with trades of 9,563 shares.
Mixed trading in Trinidad
Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 16 securities changing hands compared to 13 on Monday. One Caribbean Media was the dominant trade with 70 percent of the value of securities exchanged, while NCB Financial inched 1 cent higher, to end at a closing high of $6.21.
At the close, 4 stocks advanced, 8 declined and 4 remained unchanged as 656,483 shares traded at a value of $7,023,258 compared to Monday’s trades of 327,937 valued at $2,161,206.
The Composite Index gained 1.08 points to 1,284.03, the All T&T Index declined 1.80 points to 1,754.53 and the Cross Listed Index gained 0.55 points to close at 109.65.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are JMMB Group with gains of 4 cents, closed at $2.04 trading 181,662 shares valued at $352,263, NCB Financial Group ended at a 52 weeks’ closing high of $6.21, rising 1 cent with 1,084 units, earlier the price hit a record high of $6.34 before pulling back by the close. Prestige Holdings gained 1 cent to close at $10.76 with 3,000 shares and Sagicor Financial closed 5 cents higher to $8 in exchanging 3,158 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Angostura Holdings with a loss of 5 cents, ended at $15 with 450 units, Ansa McAL lost 5 cents and closed at a 52 weeks’ low of $62.95, with 6,388 shares trading valued at $402,448. 
First Citizens slipped 8 cents, settling at $31.81 while exchanging 1,042 units, Guardian Holdings lost 1 cent, closing at $15 with 2,747 shares, Massy Holdings slid 35 cents to $49.50 with 400 units changing hands. Point Lisas ended at $3.96, with a loss of 4 cents in trading 25,000 shares, Trinidad Cement declined by 5 cents to settle at $3.95 with 400 units changing hands and Trinidad & Tobago NGL close down 1 cent, to $23.49 with 6,177 shares.
Firm Trades| the securities closing with unchanged prices at the close are Clico Investment closing at $21 after exchanging 37,694 shares valued at $791,524, while Grace Kennedy traded 33,150 shares at $3, One Caribbean Media settling at $14 with 354,031 shares valued at $4,956,434 and Republic Financial Holdings exchanging 100 units at $101.76.
JMMB Group heads to new high
JMMB traded a new high on the TTSE.
JMMB Group closed at a new record high of $2.15 in Thursday’s trading on the Trinidad & Tobago Stock Exchange. Market activity ended with 17 securities changing hands compared to 12 on Wednesday with 2 stocks posting gains, 3 declining and 12 unchanged.
At the close, 328,493 shares traded at a value of $2,207,158 compared to Wednesday’s trades of 382,785 valued at $4,215,303.
The Composite Index dropped 2.51 points to 1,283.82, the All T&T Index declined by 5.64 points to 1,756.09 and the Cross Listed Index advanced 0.09 points to 109.37.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| In trading on Thursday Angostura Holdings ended with a 5 cents gain, to close at $15.05 with 1,350 units and JMMB Group surpassed the previous day’s 52 weeks’ high to close at a new high of $2.15,after rising 5 cents with 67,087 shares trading.
Losses| Securities closing with losses are Clico Investment that traded 46 cents lower to $21 while exchanging 16,680 shares valued at $350,280, Guardian Holdings dropping 50 cents, and closed at $15 with 1,713 units and 
West Indian Tobacco dropped $2 to end at a 52 weeks’ low of $121, trading only 8 units.
Firm Trades| At the close of trading First Citizens closed at $31.80 with 1,061 units, Grace Kennedy held firm at $2.95 with 2,200 shares changing hands, Massy Holdings exchanged 3,331 shares at $50, National Flour Millsclosed at $1.98 with 2,500 shares. NCB Financial Group remained at $6.20 trading 125,205 shares valued at $776,301, One Caribbean Media closed at $14 with 195 units, Republic Financial Holdings settled at $101.76 with 1,873 shares trading. Sagicor Financial closed at $7.95 with trades of 4,290 shares, Trinidad Cement exchanged 100,000 shares at $4 valued at $400,000 and Bourse Brazil Latin Fund US Dollar shares closed at $8.08 with 1,000 units changing hands.
