Trinidad & Tobago Stock Exchange Head Quarters
Investors seem at ease with the price levels in Trinidad & Tobago Stock Exchange on Wednesday as trading ended with few price changes on a day when there was limited trading.
The T&T Composite Index gained 1.30 points to 1,268.90. The All T&T Index rose 2.38 points to 1,675.64, while the Cross Listed Index added 0.03 points to close at 116.65.
The market closed with two stocks rising, two declining and six unchanged. Investors put 151,414 shares valued at $697,478 through the market, compared to 107,527 units for $3,503,097 on Tuesday.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of six stocks higher than their last selling prices and six with lower offers.
Gainers│ Grace Kennedy picked up 1 cent to end at $2.86 in trading 4,000 stock units and Republic Financial Holdings closed 95 cents higher to $133.60, with 1,765 units changing hands.
Losers│ National Flour ended at $1.25, with a loss of 4 cents after transferring 2,478 stock units and 
Unilever Caribbean lost 5 cents trading 1,747 units to finish at $17.
Firm Trades│ First Citizens Bank held firm at $40 in exchanging 1,102 units, JMMB Group remained at $1.95 trading 1,000 units, One Caribbean Media closed at $6 in transferring 6,625 shares. Scotiabank swapped 980 units at $54.98, Trinidad Cement was unchanged at $1.90, after trading 129,777 shares and Trinidad and Tobago NGL held firm at $16.88, with 1,940 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
IC bid-offer Indicator| The market closed with negative sentiments, with the Investor’s Choice bid-offer indicator reading showing just one stock ending with the bid higher than the last selling price and seven with lower offers.
At the close of the market, Access Financial dropped $3.90 in trading 200 shares to settle at $22.10, AMG Packaging added 1 cent to close at $1.66 with 37,605 stock units exchanged, Blue Power declined by 55 cents in the swapping of 44,143 units to end at $3.20. Caribbean Cream rose 1 cent in exchanging 50,000 shares to close at $2.01, Caribbean Producers declined by 11 cents to settle at $2.40 in the swapping of 250,367 shares, Derrimon Trading fell 2 cents to $1.90 with an exchange of 115,538 units. Express Catering ended with a loss of 1 cent at $3.34 with 6,229 stock units changing hands, Fontana closed 29 cents higher after trading 233,655 shares to end at $5.29, Fosrich lost 4 cents in the exchange of 1,500 shares to settle at $3.85. General Accident closed trading of 1,241,712 units and gained 27 cents to end at $4.43, Honey Bun finished 5 cents higher at $6 with 120,638 units changing hands, iCreate ended the day at 44 cents, after gaining 2 cents and exchanging 68,754 stock units. Indies Pharma closed trading of 25,051 units and gained 19 cents to end at $2.38, Iron Rock Insurance dropped 48 cents to $2.16 in the swapping of 7,966 shares, Jamaican Teas climbed 2 cents and exchanged 35,234 shares to settle at $4.18. Knutsford Express shed $1.78 in trading of 25,134 units to finish at $7.21, 
Lasco Distributors closed 5 cents higher at $3.05, with 146,146 stock units crossing the exchange, Lasco Financial picked up 30 cents, exchanging 1,000 shares to end at $2.70. Lasco Manufacturing slipped 1 cent to $3.99 with 33,640 stock units changing hands, Limners and Bards dipped 3 cents in trading of 55,556 units to end at $1.90, Lumber Depot shed 5 cents in the swapping of 385,452 units to close at $1.09. MailPac Group climbed 1 cent to $1.68 after an exchange of 5,104,090 shares, Main Event jumped by $1.02 to settle at $4.89 with 1,100 shares changing hands, Paramount Trading lost 2 cents in trading 135 units to close at $1.98 and SSL Venture declined by 19 cents to settle at 73 cents with 396,000 stock units crossing the exchange.
At the close, the JSE All Jamaican Composite Index advanced 1,805.60 points to 399,034.14, the JSE Market Index gained 1,535.01 points to end at 363,775.87 and the JSE Financial Index lost 0.05 points to 97.36.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group sustained a loss of $7.50 to close at $135, after transferring 140,023 shares, 138 Student Living closed 69 cents lower to $6.31, in swapping 250 units, PanJam Investment picked up $1 to end at $77.50 trading 13,244 stock units. Sagicor Group ended at $46.50, with gains of $1.50 exchanging 316,045 shares, Salada Foods tumbled $4 to $24.50, after trading a mere one stock unit, Seprod advanced $2.40 to $46.40, with an exchange of 17,376 stock units. Stanley Motta fell by 60 cents to $4.70, in transferring 9,346 units, Supreme Ventures ended 90 cents lower at $15.50, after swapping 187,479 shares, Sygnus Credit Investments closed at $15.20, with a loss of 80 cents exchanging 103,586 shares and Wisynco Group lost 40 cents trading 168,450 shares to finish at $17.
First Caribbean International closed at $7.50, with an exchange of 13,621 shares, JMMB Group switched ownership of 935 units at $1.95, Republic Financial Holdings held firm at $132.65 after exchanging 6,162 stock units. Trinidad Cement closed at $1.90 trading 14,355 shares, Trinidad and Tobago NGL remained at $16.88, with 17,618 shares crossing the market, Unilever Caribbean was unchanged at $17.05 after transferring 946 units and West Indian Tobacco ended with an exchange of 9,333 stock units at $31.
Market activity resulted in just three securities changing hands, with one stock rising and two declining, leading in 785,696 units with a value of US$170,640, in contrast to 437,566 units amounting to US$61,748 on Monday.
At the close of trading, the JSE All Jamaican Composite Index declined by 3,268.96 points to 397,228.54, the JSE Market Index dropped 2,888.59 points to 362,240.86 and the JSE Financial Index lost 0.60 points to 97.41.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020/21 earnings.
Mayberry Investments shed 40 cents to close at $5.40, in switching ownership of 74,079 shares, MPC Caribbean Clean Energy climbed $13 to $160 trading a mere 100 units. NCB Financial Group closed at $142.50, with a loss of $2.50 after transferring 115,522 shares, PanJam Investment lost 50 cents to close at $76.50, with 230 units changing hands, Proven Investments rose 49 cents exchanging 11,104 units to end at $36.50. Sagicor Real Estate Fund closed $1.25 lower to settle at $6.50, in swapping 6,438 units, Scotia Group added 50 cents to finish at $44.50, in trading 9,250 units, Seprod ended at $44, with a loss of 85 cents exchanging 6,938 units and Supreme Ventures added 50 cents to close at $16.40, trading 229,782 shares.
Market activity resulted in five securities changing hands, with two stocks rising and three declining, resulting in 437,566 units with a value of US$61,748, in contrast to 36,380 units for US$5,752 on Friday.
At the close of market activities with 31 securities changed hands, with the prices of 12 securities advanced, 12 declined and seven remained unchanged and the average PE of Junior Market. Stocks ended at 8.9 times 2020-21 earnings. Trading ended, resulting in an exchange of 3,914,568 units valued at $10,441,625 compared to 6,671,271 units valued at $14,495,961 on Friday.
Carib Assurance Brokers exchanged 91,717 shares and fell 1 cent to close at $2.19. Caribbean Cream closed with a loss of 15cents at $2, after the swapping of 550,000 shares, Caribbean Producers closed 1 cent higher at $2.51, with 257,834 stock units trading, Consolidated Bakeries gained 18 cents to end at $1.69, transferring 644 units. Derrimon Trading declined by 9cents to settle at $1.92, Fontana fell by 28 cents in trading 395,419 units at $5, General Accident lost 33cents in trading of 440,645 units at $4.16, GWest Corporation ended with 1,000 shares crossing through the market, after rising 2 cents to end at 90 cents. Honey Bun closed trading of 3,726 units and gained 15 cents to settle at $5.95, iCreate dipped 4 cents in trading of 282,100 units at 42 cents. Indies Pharma shed 21cents in transferring 25,044 units at $2.19. Iron Rock Insurance closed trading of 88,386 units and gained 54 cents to end at $2.64, Jamaican Teas climbed 14 cents and exchanged 253,859 shares at $4.16, Jetcon Corporation closed 19 cents higher at $1.05, with 29,000 stock units trading. Knutsford Express ended trading with 4,906 shares, after rising 49 cents to end at $8.99. 
Lasco Distributors closed with 66,146 shares, after rising 2 cents to end at $3, Lasco Financial closed market activity trading 15,365 shares to close at $2.40 after shedding 30 cents. Lasco Manufacturing closed 33 cents higher at $4, with 34,040 stock units trading, Limners and Bards ended market activity exchanging 225,138 shares to close at $1.93, after falling by 2 cents, Lumber Depot ended with a loss of 1 cent at $1.14 with 193,918 stock units changing hands. MailPac Group finished with a loss of 1 cent at $1.67 with an exchange742,719 stock units and tTech gained $1.04 to end at$4.75 in trading 400 shares.
The T&T Composite Index fell by 1.05 points to 1,267.40. The All T&T Index gained 0.30 points to 1,673.25, while the Cross Listed Index lost 0.33 points to close at 116.57.
Firm Trades│ Agostini’s traded 51 units at $24, Angostura Holdings exchanged 390 units at $13.85, First Caribbean International closed at $7.50, with a transfer of 14,435 shares. Grace Kennedy swapped 500 units at $2.85, National Flour remained at $1.29, with 5,039 stock units changing hands, Republic Financial Holdings transferred 15,596 shares at $132.65. Scotiabank closed at $54.99 after exchanging 177 units, Trinidad and Tobago NGL closed unchanged at $16.88 after trading 4,900 stock units and Unilever Caribbean remained at $17.05, with 1,482 units changing hands.
Caribbean Cement and NCB Financial released first-quarter results in the past week with lower profit than the previous year’s March quarter. As if investors expected the outturn, the stock prices did not seem to react to them.
The three top Junior Market stocks with the potential to gain between 344 to 660 percent by 2021 are Caribbean Producers leading, followed by Lasco Financial and KLE Group. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group, with projected gains of 173 to 213 percent.
Revenues grew around 12 percent from 2013 to 2016, then increased to 17.4 percent for 2018 and 14.5 percent for 2019. The company has an excellent management team that is growth-oriented as such investors can look forward to revenues growing in the 15-20 percent range going forward. In pursuit of this objective, the company is putting in place additional storage facilities to accommodate a robust expansion of sales. Investors should not rule out the possibility that they could expand from acquisitions as well as was the case with the addition of the business making the
