More stocks declined than gained at the close of trading on the Trinidad and Tobago Stock Exchange ended trading on Tuesday, with the market declining after investors traded 125 percent more shares with a value that was 369 percent higher than on Monday.
Trinidad & Tobago Stock Exchange Head Quarters
Trading ended with 19 securities changing hands compared to 17 on Monday, with three rising, eight declining and eight ending unchanged. The Composite Index shed 4.54 points to settle at 1,323.71, the All T&T Index declined 3.37 points to 1,765.83 and the Cross Listed Index slipped 0.78 points to 119.21.
The market closed with an exchange of 325,815 shares, for $9,321,557 compared to 144,601 units at $1,986,999 on Monday.
An average of 17,148 units traded $490,608 compared to 8,506 at $116,882 on Monday. An average of 13,067 units traded at $314,139 for the month to date versus 8,506 units at $116,895. The average trade for January amounted to 13,836 units at $275,635.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
Agostini’s closed at $22, with 4,363 shares crossing the market, Clico Investment Fund rose 25 cents to $25.50 with an exchange of 568 stock units, First Citizens Bank rose 4 cents to $42.74 after trading 974 units, FirstCaribbean International Bank ended at $7 with 418 stock units changing hands. Grace Kennedy lost 20 cents in closing at $3.70, with 64,958 shares clearing the market, Guardian Holdings ended at $20.23 in trading 3,605 stocks, Guardian Media closed at $3.10 with the swapping of 200 shares. L.J Williams B share closed at $1.40 in trading 12,000 units, Massy Holdings fell 55 cents to $60.45 in an exchange of 21,941 stock units, National Enterprises fell 20 cents to $3 with 26,000 stocks changing hands. 
National Flour Mills fell 14 cents to $2.36, with 14,820 units crossing the market, NCB Financial Group ended at $8.30 after exchanging 37,976 units, One Caribbean Media remained at $4.85, with 4,625 shares crossing the exchange. Prestige Holdings fell 59 cents to $7.01, with 2,831 stock units clearing the market, Republic Financial Holdings fell 1 cent to $134.99, after 46,934 stock units crossed the market, Scotiabank slipped 1 cent to $56.99 trading 163 units. Trinidad & Tobago NGL gained 67 cents to end at $15.94 with 25,846 stock units changing hands, Trinidad Cement settled at $3.75 while exchanging 52,747 shares and Unilever Caribbean shed 14 cents to close at 52 weeks’ low of $16.50 after trading 4,846 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 45 securities changing hands compared to 44 on Friday and closed with rising stocks outnumbered declining ones by 62 percent leaving prices of 12 stocks rising, 28 declining and five remaining unchanged. Ciboney traded at a 52 weeks’ high of 26 cents and Palace Amusement fell to a 52 weeks’ low of $950.
Trading for the day averaged 856,148 units at $5,979,591 for each security, compared to an average of 272,282 shares at $4,886,953 on Friday. Trading in January with an average of 311,275 units at $1,432,133.
Salada Foods rose $1 to close at $38, in exchanging 42,886 stock units, Scotia Group shed 79 cents to finish at $43, with 24,748 shares changing hands. Seprod gained 50 cents to settle at $64 after 6,678 stock units crossed the market, Supreme Ventures lost 49 cents to end at $17 trading 38,797 shares and Sygnus Credit Investments slipped 30 cents to $15.70, after transferring 85,391 shares.
Trading ended with five securities changing hands at the close, compared to four on Friday and ended with one rising, three declining and one remaining unchanged.
Proven Investments lost 0.02 of a cent to end at 26.97 US cents in trading 95,772 shares, Sygnus Credit Investments shares denominated in Jamaican dollars ended at 12.8 US cents, with 961 units changing hands. Sygnus Credit Investments US dollar-denominated stock climbed 0.03 of a cent to end at 15.03 US cents with an exchange of 11,617 stock units and Transjamaican Highway declined 0.06 of a cent to close at 0.9 US cents, with 59,062 stock units crossing the market.
Trading ended with 36 securities changing hands, the same as on Friday and closed, with 18 stocks rising, 16 declining and two remaining unchanged.
Caribbean Assurance Brokers gained 10 cents to close at $1.85, in transferring 1,777 units, Caribbean Cream rose 60 cents $5.10, after crossing the market with 92,827 stocks, Caribbean Flavours lost 7 cents to close at $1.98, in switching ownership of 585,096 shares. Caribbean Producers ended 10 cents higher at $2.80, with 173,336 stock units changing hands, Consolidated Bakeries rose 20 cents to $1.52, with 983 shares crossing the market, Dolphin Cove lost 50 cents to settle at $7.50 trading 703 stocks. Elite Diagnostic closed at $2.95, with gains of 20 cents after transferring 181 shares, Express Catering rose 9 cents to $3.74, with 6,857 units changing hands. General Accident lost 25 cents to end at $6 after exchanging 2,000 stocks. iCreate gained 6 cents to close at 62 cents, after clearing the market with 16,077 stock units, Indies Pharma slipped 22 cents to $2.57, with investors switching ownership of 102,450 units. Jamaican Teas gained 11 cents to settle at $2.99, in trading 398,882 shares, Knutsford Express dipped 5 cents to $6.70 in exchanging 221 units. Lasco Distributors picked up 9 cents to finish at $3.20, with 6,285 stock units changing hands, Lasco Manufacturing shed 23 cents to close at $3.67, with an exchange of 371,615 shares. 
Limners and Bards was down 18 cents to $2.57, in crossing the exchange with 2,850 stock units, Lumber Depot gained 8 cents ending at $1.97 trading 504,964 stock units, Medical Disposables rose 20 cents to $4.20 trading 40 stock units, Paramount Trading lost 16 cents in closing at $1.29 in exchanging a mere one unit. Stationery and Office Supplies rose 42 cents to $4.54, in trading 1,200 stocks and tTech finished at $4.85, with gains of 76 cents after 982 units crossed the market.
Trading ended with 17 securities changing hands compared to 18 on Friday, with one rising, six declining and 10 closing unchanged. The Composite Index fell 0.72 points to 1,328.25, the All T and T Index shed 1.44 points to end at 1,769.20 and the Cross Listed Index closed unchanged at 119.99.
Massy Holdings closed at $61 after trading 19,398 units, One Caribbean Media remained at $4.85, with 1,000 shares changing hands, Point Lisas fell 14 cents to end at $3.01 after 200 units crossing the market. Prestige Holdings shed 39 cents to end at $7.60 in exchanging 301 shares, Republic Financial Holdings lost $1.15 to close at $135 after trading 76 units Scotiabank settled at $57 in switching ownership of 1,439 stock units. Trinidad & Tobago NGL remained at $15.27 in an exchange of 5,138 shares, Trinidad Cement remained at $3.75 with the swapping of 40,053 shares, Unilever Caribbean remained at $16.64 with 133 stocks changing hands and West Indian Tobacco lost 2 cents to end at $35.38 with an exchange of 1,638 units.
While the Junior Market had a new addition, the Main Market TOP10 continued with the same stocks as the week before but Grace Kennedy price rose from $68 to $73.45 with the stock moving from 5th spot to 7th.
In this regard, based on 2020 release of results, interim financials are expected this week, from Access Financial, Barita Investments, Iron Rock Insurance, NCB Financial, the Lasco group of companies and Jamaican Teas.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 18.9 and the Junior Market 14.8, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.8 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.1 or 48 percent of the PE of that market.
IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.
The market closed with 11,980,396 shares, 30 percent more than Thursday and 168 percent more in value at $215,025,944, up from 9,368,496 units at $83,242,802 on Thursday.
At the close, the All Jamaican Composite Index climbed 2,827.24 points to 425,254.53, the JSE Main Index rose 2,558.50 to 387,937.83 and the JSE Financial Index added 0.56 points to close at 99.32.
Pan Jam Investment declined by $3 to $67, with 134,726 stocks crossing the market, Sagicor Group advanced by $3.01 to $52 after trading 598,948 stock units, Sagicor Real Estate Fund fell 95 cents to $8 in exchanging 19,000 shares. Salada Foods climbed $3 to $37, in swapping of 80,784 units, Scotia Group rose 79 cents to close at $43.79, in an exchange of 28,402 stock units, Sygnus Credit Investments shed 30 cents in closing at $16, with 34,889 units crossing the market and Victoria Mutual Investments lost 30 cents to end at $5.55, with the swapping of 62,867 stocks.
Trading ended with 36 securities changing hands, down from 39 on Thursday with prices of 19 rising, 13 declining and four remaining unchanged.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
Knutsford Express ended 15 cents higher at $6.75, after trading 2,147 units, Lasco Distributors lost 8 cents in closing at $3.11, in crossing the market with 126,660 stocks. Lasco Manufacturing shed 5 cents to $3.90 trading 7,821 units. Limners and Bards gained 9 cents to close at $2.75, with a transfer of 635,373 shares, Lumber Depot lost 9 cents to settle at $1.89, with 383,034 stock units clearing the market. Mailpac Group gained 13 cents to end at $3.97 exchanging 359,576 stocks, Paramount Trading gained 5 cents in closing at $1.45, after transferring 54 stock units and Tropical Battery gained 5 cents in ending at $1.15, trading 900,187 shares.
At the close four securities changed hands, similar to Thursday and ended with the price of one stock rising, one declining and two remaining unchanged.
At the close of trading, First Rock Capital Holdings gained 0.05 of a cent to close at 8.8 US cents with 14,966 shares changing hands, Productive Business Solutions closed at 79 US cents trading 855 shares, Proven Investments remained at 26.99 US cents with 922 stock units crossing the market and Sygnus Credit Investments lost 1.2 cents to close at 15 US cents after 7,900 units changed hands.
Massy Holdings climbed 55 cents to $61 in exchanging 1,750 units, National Flour Mills remained at $2.50 after trading 38,500 shares, NCB Financial Group shed 20 cents to end at $8.30 in an exchange of 21,475 stocks. One Caribbean Media closed at $4.85 in an exchange of 48,870 stock units, Republic Financial Holdings rose 15 cents to $136.15 in exchanging 1,151 stocks, Scotiabank stayed at $57 trading 6,919 stock units. Trinidad & Tobago NGL declined 2 cents $15.27 with the swapping of 2,976 stocks and Unilever Caribbean shed 6 cents to end at $16.64 in trading 420 units.
