Falling stocks dominate trading on the Trinidad & Tobago Stock Exchange


Prices of the majority of stocks trading declined on the Trinidad and Tobago Stock Exchange on Tuesday, resulting from trading of 15 securities down from 19 on Monday and ending with prices of one rising, nine declining and five ended firm with the volume of stocks traded rising 252 percent valued 87 percent more than on Monday.

An average of 19,113 shares were traded at $97,371, well above the 4,285 units at $41,181 on Monday, with trading month to date averaging 13,890 shares at $83,636, in line with 12,899 units at $81,031 on the previous day and lower than an average for March of 16,679 shares at $130,461.

The Composite Index gained 0.06 points to conclude trading at 1,046.64, the All T&T Index rallied 2.52 points to 1,530.78, the SME Index remained unchanged at 91.85 and the Cross-Listed Index declined by just 0.36 points to 73.97.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings dipped 5 cents to end at $14.05 with investors trading 742 shares, Ansa McAl remained at $52 in switching ownership of 2,000 units, Calypso Macro Investment Fund ended at $25 after investors exchanged 98 stocks. First Citizens Group fell 25 cents and ended at $41.50 with a transfer of 3,876 shares, Guardian Holdings gained 4 cents to finish at $14.85 with 2,072 stock units crossing the market, JMMB Group declined 5 cents to end at $1.10 after a transfer of 52,000 shares. Massy Holdings ended at $3.89 with investors trading 202,608 stock units, National Enterprises lost 7 cents to finish at $2.53 after an exchange of 100 stocks, NCB Financial sank 4 cents and ended at a 52 weeks’ low of $2.30 with investors swapping 667 units.  Prestige Holdings shed 25 cents to end at $10.75 after an exchange of 1,331 stocks, Republic Financial sank 50 cents to end at $112.50 in trading 823 shares, Scotiabank remained at $53, with 2,317 units crossing the exchange. Trinidad & Tobago NGL ended at $4.04 with investors dealing in 13,890 stock units, Trinidad Cement slipped 3 cents to close at a 52 weeks’ low of $2.17 in an exchange of 2,150 shares and West Indian Tobacco shed 1 cent and ended at $5.44 after 2,016 stocks passed through the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise statedro

Falling stocks sink Main Market                              


Trading on the Jamaica Stock Exchange Main Market dived sharply on Monday, with the volume of stocks traded declining by 79 percent and the value plunging 86 percent from market activities on Friday. By the close of trading, 58 securities crossed the exchange up from 52 on Friday, with prices of 20 advancing, 27 declining, and 11 ending unchanged, driving the major market indices downwards.

The market closed with just 14,564,460 shares trading for a mere $47,513,938, far below the 69,176,426 stock units at $329,968,167 on Friday.
Trading averaged 251,111 shares at $819,206, far below the 1,330,316 stocks at $6,345,542 on Friday and for the month to date, an average of 588,723 units at $4,253,846 down from 675,367 shares with a value of $5,135,302 on the previous trading day and March with an average of 896,190 stock units at $20,804,277.
Wigton Energy led trading with 5.28 million shares for 36.2 percent of total volume followed by Transjamaican Highway which ended with 2.95 million stocks for 20.3 percent of the day’s trade and Sagicor Select Financial Fund with 2.91 million stock units for 20 percent of the traded volume.
The All Jamaican Composite Index sank 2,074.94 points to cease trading at 372,966.31, the JSE Main Index shed 2,280.68 points to 322,094.84 and the JSE Financial Index skidded 0.69 points to finish at 66.62. The Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, AS Bryden lost $2 and ended at $29 after an exchange of 1,657 shares, Berger Paints dipped $1.99 to $7 with investors swapping 20,000 units, Caribbean Cement sank $1.93 to end at $85 with 12,837 stocks passing through the market. First Rock Real Estate rose $1 in closing at $9.50 with traders dealing in 3,212 shares, Guardian Holdings slipped $7 to close at $300 after an exchange of 1,490 stock units, Jamaica Producers gained $1 to finish at $25 in trading 100,015 shares. Kingston Wharves popped 53 cents and ended at $29.33 after a transfer of 3,309 stocks, NCB Financial fell $1 to $44 with 139,913 units switching owners, 138 Student Living climbed 60 cents to close at $3.86 after an exchange of 7,208 stock units. Pan Jamaica increased $2.69 to end at $55 with investors dealing in 3,400 shares, Sagicor Real Estate Fund rallied 65 cents in closing at $8.65 in an exchange of 580 stocks, Scotia Group shed 40 cents to finish at $53.60 with 27,829 units crossing the market. Seprod declined 46 cents to $88.50 in trading 11,837 stock units, Supreme Ventures advanced 44 cents in closing at $20.39 after 30,745 shares crossed the market, Sygnus Real Estate Finance sank $1.36 to finish at $8.14 as investors exchanged 2,336 units and Wisynco Group skidded 75 cents and ended at $21.05 with 64,316 stocks crossing the market.
In the preference segment, Jamaica Public Service 7% popped $5.15 to close at $39.51 with investors trading 2,205 stock units, Sygnus Credit Investments 10% climbed $1 to end at $97 with an exchange of 13 shares and Sygnus Credit Investments C10.5% increased $1.90 in closing at $90 with 83 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market skids on Monday


The Junior Market of the Jamaica Stock Exchange shed about 35 points, on Monday, with the volume of stocks traded falling 47 percent, with 70 percent less value than Friday following trading in 42 securities, up from 38 on Friday and ending with prices of just 11 rising, 18 declining and 13 closing unchanged with Fontana traded at a 52 weeks’ high of $9.98, ISP Finance and Atlantic Hardware closing at 52 week’s low of $13 and MFS Partners and Omni Industries trading at 52 weeks’ intraday lows.

The market closed with trading of 5,814,492 shares for $14,058,219, well below the 10,948,839 units at $47,033,318 on Friday.
Trading averaged 138,440 shares at $334,720, down from 288,127 stocks worth $1,237,719 on Friday with the month to date, averaging 288,781 units at $1,033,226 lower than the 327,758 stock units at $1,214,320 on the previous day and March with an average of 307,021 shares at $759,432.
Jamaican Teas led trading with 1.39 million shares for 24 percent of the total volume, followed by recently listed Atlantic Hardware with 595,761 stock units for 10.2 percent of the day’s trade and Kintyre Holdings with 394,166 stocks for 6.8 percent of the total volume traded.
At the close of trading, the Junior Market Index dipped 34.58 points to cease trading at 3,522.92. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging declined 15 cents to $2.90 in an exchange of 11,184 shares, Atlantic Hardware sank 5 cents to a 52 weeks’ low of 90 cents with 595,761 units passing through the market, Caribbean Assurance Brokers fell 38 cents in closing at $2.51 with investors trading 4,335 shares. Caribbean Flavours popped 10 cents to close at $1.29 with an exchange of 18,803 stocks, Dolla Financial shed 7 cents to finish at $2.58 with investors trading 291,882 stock units, Elite Diagnostic dropped 14 cents and ended at $1.46 after an exchange of 21,331 shares. Fontana advanced 47 cents to a 52 weeks’ high of $9.97 with 374,178 stocks crossing the market, Indies Pharma rose 31 cents to finish at $3.86 as investors exchanged 389,680 units, ISP Finance sank $2 and ended at a 52 weeks’ low of $13 after trading 611 stock units. Jamaican Teas slipped 11 cents to close at $2.35 with 1,393,319 shares crossing the exchange, JFP Ltd climbed 7 cents in closing at 68 cents with investors dealing in 204 stocks, Knutsford Express increased 65 cents to end at $14.05 with a transfer of 1,162 units. Lasco Financial lost 6 cents in closing at $1.64 with investors swapping 9,112 stock units, Limners and Bards dipped 9 cents to $1.09 and closed with an exchange of 14,640 shares, Mailpac Group skidded 5 cents to end at $2.31 in trading 159,740 stocks. MFS Capital Partners sank 6 cents and ended at 36 cents with 102,336 units clearing the market, after the price dropped to an intraday 52 weeks’ low of 34 cents, Regency Petroleum shed 5 cents to finish at $3.50 after a transfer of 13,747 stock units and Stationery and Office Supplies rallied 5 cents to close at $1.46 with 216,440 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading plunges on Trinidad Exchange


Trading plunged on the Trinidad and Tobago Stock Exchange on Monday, with a 45 percent drop in the volume of stocks changing hands, valued 42 percent less than on Friday. The market closed with trading in 19 securities, up from 17 on Friday and ended with prices of seven rising, three declining and nine ending firm.

The market closed with trading of 81,418 shares for $782,436, down sharply from 147,311 stock units at $1,341,827 on Friday.
An average of 4,285 shares were traded worth $41,181, down from 8,665 units at $78,931 on Friday, with trading for the month to date ending with an average of 12,899 shares at $81,031, down from 15,626 stock units at $93,653 on the previous day and an average of 16,679 shares at $130,461 for March.
The Composite Index skidded 2.90 points to wrap up trading at 1,046.58, the All T&T Index fell 5.60 points to 1,528.26, the SME Index remained at 91.85 and the Cross-Listed Index was unchanged at 74.33.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Agostini’s popped 19 cents to close at $68.19 with 75 shares clearing the market, Angostura Holdings popped 5 cents to $14.10 with a transfer of 78 stocks, Ansa McAl gained 50 cents and ended at $52 after an exchange of 1,000 units. Calypso Macro Index Fund rose $1.50 to $25 with 15 shares crossing the market, CIBC Caribbean Bank ended at $8.10 after a transfer of 85 stock units, First Citizens Group remained at $41.75 with investors swapping 3,128 shares. GraceKennedy ended at $3.69 after an exchange of 22 units, Guardian Holdings closed at $14.81 with investors trading 85 stocks, JMMB Group finished trading of 6 stock units at $1.15. Massy Holdings advanced 3 cents to end at $3.89 with traders dealing in 50,063 shares, National Enterprises skidded 5 cents to finish at $2.60 after an exchange of 7,905 stock units and National Flour Mills remained at $1.60 with investors trading 616 units. Prestige Holdings increased 18 cents to $11 with an exchange of 743 stocks, Republic Financial fell 9 cents to end at $113 after 2,311 units passed through the market, Scotiabank remained at $53 with investors trading 973 stocks. Trinidad & Tobago NGL ended at $4.04 in an exchange of 7,052 shares, Trinidad Cement lost 15 cents and ended at a 52 weeks’ loss of $2.20 with investors dealing in 2,981 stock units, Unilever Caribbean remained at $13.01 with 18 shares crossing the exchange and West Indian Tobacco rallied 1 cent to $5.45 in trading 4,262 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Omni Industries revised audited accounts


Audited financial statements for 2024 of Omni Industries have now been corrected following ICInsider.com’s highlighting of an overstatement of earnings per share arising from an error in the computation of the average number of shares issued in 2024.

Neither the company nor its auditors originally, properly accounted for the increased number of shares arising from a stock split of the issued shares in early 2024.
The revised audited account, posted to the Jamaica Stock Exchange website this morning, shows the revised earnings per share for 2024 and has corrected for the omission of earnings per share for 2023.
The report now shows the average number of shares is just over 2.389 billion units with earnings per share of 5 cents, with 7 cents for 2023 from 2.25 billion shares.
Omni generated revenues of $1.923 billion in 2024, a 6 percent decline from $2.039 billion in 2023. Profit after taxation declined by 16 percent to $127 million from $151 million in 2023.
The company reported an improved gross profit margin of 33.1 percent, up from 29.5 percent in 2023. A sharp 31 percent jump in administrative and selling expenses to 483 million from $368 million eroded by benefit from improvement in the gross profit.
The company now needs to post corrected accounts for all the interim reports for 2024 that were based on the incorrect number of shares and, therefore, overstated earnings per share.
The stock that traded at $1 on Friday collapsed to 75 cents on Monday, with trading in the stock suspended after triggering the circuit breaker.

A week of decline for Trinidad stocks


Trading on the Trinidad and Tobago Stock Exchange ended the past week, with several stocks recording sizable price changes that resulted in mixed fortunes for the two major indices.

At the close of the week, the All Trinidad and Tobago Index rose marginally by less than one percent and the Combined Index just slipped lower. Just four stocks gained at the close of the week, and 14 declined, a turnaround from the prior week with 12 rising and 9 declining.

The average PE ratio of the market closed slightly higher at 8.25, based on 2023 earnings and 5.75, based on estimates of 2024 earnings. The two ratios continue to deviate wildly, with several stocks being undervalued.

Unlike the previous week when the financial sector enjoyed solid gains, this past week all declined except for Republic Holdings was unchanged at $113.09.  Ansa McAl rallied $1.50 to $51.50 and Unilever Caribbean ended with a gain of $2.01 to close at $13.01.
Ansa Merchant Bank and Scotiabank dropped $1 to close at $40 and $53, respectively. First Citizens Bank lost 37 cents to $41.75, Endeavour Holdings fell $1.85 to $16.15 and the Calypso Macro Index Fund shed $1.50 to $23.50.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 440 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Prestige Holdings, which could gain 90 percent and Trinidad and Tobago NGL, 290 percent.

Transjamaican grabs 89% of Jamaica Stock Exchange Main Market


Transjamaican Highway, Jamaica’s major toll-road operator’s big trade on Friday, captured 89 percent of the stocks traded on the Jamaica Stock Exchange Main Market and was the main factor pushing the volume of stocks changing hands 168 percent higher than on Thursday, with a 48 percent lower value and resulting in trading in just 52 securities down from 57 on Thursday with prices of 22 rising, 16 declining and 14 ending unchanged.

The market closed with 69,176,426 shares trading worth $329,968,167, substantially above the 25,828,337 stock units with a value lower than $632,142,176 on Thursday.
Trading averaged 1,330,316 shares at $6,345,542 above the 453,129 stocks at $11,090,214 on Thursday and month to date, an average of 675,367 stock units at $5,135,302 compared with 479,635 shares at $4,773,622 on the previous day and March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 61.59 million shares for 89 percent of total volume, followed by Wigton Energy with 1.85 million stocks for 2.7 percent of the day’s trade and Carreras with 1.60 million stock units for 2.3 percent of market share.
The All Jamaican Composite Index increased 1,379.00 points to close at 375,041.25, the JSE Main Index gained 1,496.05 points to end at 324,375.52 and the JSE Financial Index rose 0.47 points to 67.31. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, AS Bryden rose $1.50 to $31 with just one share being traded, Caribbean Cement climbed $1.93 to conclude trading at $86.93 with 3,052 units, Caribbean Producers sank 40 cents to close at $8.30 with a transfer of 10,244 shares. Eppley Caribbean Property Fund popped $4.49 to end at $37.49 with 51 stocks crossing the market, GraceKennedy climbed 67 cents in closing at $73.67 after an exchange of 22,644 stock units, Jamaica Broilers increased 93 cents to finish at $27.99 with 15,093 shares clearing the market. Jamaica Producers shed 50 cents and ended at $24 with an exchange of 275,236 stocks, Mayberry Group rallied 61 cents to $7.51 and closed after an exchange of just two units,  Pan Jamaica dropped $1.79 in closing at $52.31 with investors trading 168,674 stock units. Sagicor Group gained 70 cents to finish at $43.70 with 61,936 shares crossing the market, Scotia Group rose 60 cents to close at $54 with 570,364 units switching owners, Seprod climbed 61 cents to end at $88.96 with 57,915 stocks passing through the market and Supreme Ventures popped 39 cents to $19.95 after an exchange of 91,261 stock units.

In the preference segment, 138 Student Living preference share sank $6.18 and ended at $190 with investors trading 105 shares, Sygnus Credit Investments 10% slipped $1 to a 52 weeks’ closing at low of $96 in an exchange of 5,811 stock units after trading at an intraday 52 weeks’ low of $83.30 and Sygnus Credit Investments C10.5% fell $14.90 to finish at $88.10 in the trading of 1,029 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Atlantic Hardware lands on Junior Market


Atlantic Hardware, fresh from the successful public issue of shares in March, was listed on the Junior Market of the Jamaica Stock Exchange on Friday and closed with 1.90 million stocks trading, with the price declining from the public issue price. The listing restored the number of listed companies to 48, following the delisting of tTech in February.

Trading ended with just 38 securities changing hands compared with 37 on Thursday and ending with prices of 11 rising, 16 declining and 11 closing unchanged.
The market closed with trading of 10,948,839 shares for $47,033,318, down from 11,731,854 stock units at $80,157,352 on Thursday.
Trading averaged 288,127 shares at $1,237,719, down from the 317,077 stocks at $2,166,415 on Thursday with the month to date, averaging 327,758 units at $1,214,320 compared to 339,903 stock units at $1,207,149 on the previous day and March with an average of 307,021 shares at $759,432.
Fontana led trading with 4.05 million shares for 37 percent of total volume followed by ONE on ONE Educational which ended with 1.97 million stocks for 18 percent of the day’s trade, newly listed, Atlantic Hardware closed with 1.90 million stocks for 17.4 percent of the volume traded and Kintyre Holdings with 1.08 million stock units for 9.8 percent market share.
At the close of the market, the Junior Market Index skidded 19.86 points to finish at 3,557.50. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 14.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, newly listed Atlantic Hardware dropped 5 cents from the $1 IPO price and to 95 cents with trading in 1,902,934 shares, Caribbean Cream popped 30 cents to $2.60 after an exchange of 3,582 stocks, Derrimon Trading dipped 5 cents to finish at $1.85 with a transfer of 596,195 units. Dolla Financial sank 8 cents in closing at $2.65 with 80,222 shares passing through the market, Fontana dropped 18 cents to end at $9.50 in trading 4,047,971 stock units, Fosrich fell 25 cents to close at $2.45 with the trading of 213,403 shares. Indies Pharma gained 14 cents to end at $3.55 with 73,467 stocks switching owners, Jetcon Corporation rose 12 cents to close at $1.18 as investors exchanged 5,000 units, Knutsford Express skidded $1.09 to end at $13.40 after a transfer of 160 stock units. Medical Disposables climbed 22 cents in closing at $1.71 after investors ended trading 10,000 shares, Omni Industries increased 14 cents and ended at $1 in an exchange of 5,000 stocks, Regency Petroleum rallied 16 cents to finish at $3.55 with traders dealing in 136,802 units and Stationery and Office Supplies sank 18 cents to $1.41 in an exchange of 62,183 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Stocks mostly fall on Trinidad Exchange 


Stocks mostly fell on the Trinidad and Tobago Stock Exchange on Friday, following a 13 percent decline in the volume traded with 29 percent more value than Thursday, resulting from trading of 17 securities, down from 21 on Thursday and ending with prices of five stocks rising, nine declining and three ended firm.

The market closed with trading of 147,311 shares worth $1,341,827 compared to 169,059 stock units at $1,040,064 on Thursday.
An average of 8,665 shares were traded at $78,931, up from 8,050 units at $49,527 on Thursday, with trading month to date averaging 15,626 shares at $93,653, down from 18,378 units at $99,469 on the previous day compared with an average for March of 16,679 shares at $130,461.
The Composite Index lost 2.57 points to finish at 1,049.48, the All T&T Index sank 2.51 points to close at 1,533.86, the SME Index remained unchanged at 91.85 and the Cross-Listed Index declined 0.37 points to settle at 74.33.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.

At the close, Ansa McAl declined $2.50 and ended at $51.50 after an exchange of 171 shares, Ansa Merchant Bank shed $1 to $40 with investors trading 5 units, CIBC Caribbean Bank ended at $8.10 after an exchange of 22 shares. Endeavour Holdings sank $1.85 in closing at $16.15 after 302 stock units passed through the market, First Citizens Group dropped 25 cents to close at $41.75 with 1,188 stocks crossing the exchange, GraceKennedy rose 4 cents to finish at $3.69 with traders dealing in 1,001 units. JMMB Group fell 7 cents and ended at $1.15 with 1,501 stocks clearing the market, Massy Holdings skidded 3 cents to $3.86 with investors dealing in 10,565 shares, National Flour Mills rallied 10 cents to close at $1.60 with 53,178 stock units crossing the market. NCB Financial fell 1 cent in closing at $2.34 in switching ownership of 3,788 shares,  Prestige Holdings dipped 38 cents to end at $10.82 with 27,485 stock units crossing the market, Republic Financial popped $1.09 to finish at $113.09 with an exchange of 2,939 units. Scotiabank lost $1 to end at a 52 weeks’ low of $53 with 5,015 stocks changing hands, Trinidad & Tobago NGL remained at $4.04 with investors trading 24,990 units, Trinidad Cement ended at $2.35 after a transfer of 1,751 shares. Unilever Caribbean climbed $1.36 to $13.01, with investors swapping 10,408 stocks and West Indian Tobacco increased 44 cents to finish at $5.44, after a transfer of 3,002 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Atlantic Hardware plunges 17%


Shares of Atlantic Hardware and Plumbing were listed on the Junior Market of the Jamaica Stock Exchange on Friday, with trading in 1,024,225 between $1.10 and a low of 83 cents when trading in the stock was halted for breaching the exchange circuit breaker rule, with the price having dropped 17 percent to 83 cents from the $1 IPO price.

At the halting of trading in the stock, ahead of the suspension just after 10 this morning, only one share was traded at 83 cents and 2,050 above $1 at the start. Demand for the stock was slow and selling lukewarm, with 1.409 million shares on offer for sale.
Trading will resume three minutes after 11 this morning. Atlantic brings listing back to 48, following the delisting of tTech recently.