Declining stocks dominated trading on the Trinidad & Tobago Stock Exchange on Monday as 11 securities changed hands compared to 12 on Friday resulting 8 falling 1 rising and 1 remaining unchanged.
At the close, 238,247 shares were exchanged at a value of $1,151,376 compared to Friday’s 67,974 units valued at $1,375,038.
Price movements were modest, leading to small movements in the market indices. At the close the Composite Index fell 0.92 points to 1,232.87, the All T&T Index declined 1.33 points to 1,810.21 and the Cross Listed Index lost 0.07 points to 87.91.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| NCB Financial Group gained 1 cent to close at $3.79 with trades of 2,588 shares.
Losses| Angostura Holdings lost 5 cents, closing at $14.95 with 11,000 units changing hands, Clico Investment traded 12,545 shares at $22.50 after falling 1 cent, Guardian Holdings closed at $15.90 with a loss of 8 cents trading 600 shares, JMMB Group traded 3 cents lower to close at $1.17 with an exchange of 157,500 shares, Massy Holdings was down 1 cent to $52.99 with trades of 281 units. Scotiabank closed 1 cent down to $58.99 exchanging 696 shares, Trinidad Cement lost 1 cent to close at $4.20 trading 47,572 units, Trinidad & Tobago NGL traded at $21.12, after losing 38 cents with 4,173 shares exchanged and West Indian Tobacco closed at $127, with a 1 cent loss and 992 units changing owners.
Firm Trades| Republic Financial Holdings exchanged 300 shares at $101.99.
8 stocks fall & 1 gain on TTSE
Readymix jumps on takeover offer
Trading closed with 12 securities changing hands compared to 11 on Wednesday, with the market having been closed on Thursday. The prices of 3 stocks gained 7 fell and 2 remained unchanged.
Trading volume fell to a low of 67,974 shares valued at $1,375,038 compared to Wednesday’s 90,080 shares valued at $621,874 as the prices of 3 stocks rose, 7 declined and 2 traded with the price unchanged.
The Composite Index fell 0.72 points to 1,233.79, the All T&T Index declined 1.09 points to 1,811.54 and the Cross Listed Index lost 0.05 points to 87.98.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investment rose 1 cent in exchanging 4,327 units at $22.51, Readymix gained 71 cents in trading 1,400 shares to close at a 52 weeks high of $11.51 after the parent company made an offer $11 for the minority shares and Trinidad Cement closed with 5,000 shares trading at $4.21 after rising by 4 cents.
Losses| Angostura Holdings lost 1 cent and closed at $15 with 10 shares traded, First Citizens closed with a loss of 35 cents to end at $31.65 trading 3,335 shares, Guardian Holdings lost 2 cents in trading 2,365 units at $15.98, JMMB Group fell 2 cents and exchanged 5,455 shares at $1.20, National Enterprises lost 6 cents to close at $10.82 trading 2,110 shares, Republic Financial Holdings dropped $3.49 in exchanging 17 shares to end at a 52 weeks’ low of $101.99 and Trinidad & Tobago NGL dropped $1.21 to close at $21.50 with an exchange of 42,739 units valued at $918,889.
Firm Trades| Massy closed at $53 with 100 units changing hands and West Indian Tobacco closed at $127.01 with trading in 1,116 units.
Prices steady on TTSE
The last prices of stocks on the Trinidad & Tobago Stock Exchange ended on Wednesday without any change from the last traded price at the close on Tuesday. Based on the weighted average price movements, used in computing the market indices, the market recorded mostly falling values.
Trading levels fell to very low level with just 90,080 shares valued at $621,874 compared to Tuesday’s 178,508 units valued at $2,180,740 with 11 securities changing hands, the same as the day prior.
The Composite Index fell 5.36 points to 1,234.51, the All T&T Index declined by 11.56 points to 1,812.63 and the Cross Listed Index gained 0.13 points to 88.03.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 10 stocks with bids higher than last selling prices and 12 with lower offers.
Firm Trades| Stocks changing hands on Wednesday with the last traded price unchanged are, Clico Investment closing at $22.50 with 4,158 units traded, JMMB Group at $1.22 with 43,325 units changing hands, National Enterprises closing at $10.88 with trades of 5,010 units. Point Lisas traded 6,117 shares at $3.65, after trading earlier at $3.75, Prestige Holdings closed at $10.75 trading 100 units, Republic Financial Holdings exchanged 500 shares to end at $105.48 but traded as low as $102. Sagicor Financial held firm at $9.01 with an exchange of 18,217 units, Scotiabank closed at $59.01 with 1,169 shares changing hands, Scotia Investments traded 115 shares at $2.30, but traded as high as $2.50, Trinidad Cement closed at $4.17 trading 7,629 shares and Trinidad & Tobago NGL remained at $22.71 with 3,740 units traded, after being as high as low as $21.50.
Sharp price moves push stocks down – Tuesday
Trading levels in main market ended at 5,715,510 units valued at $62,017,146 compared to 2,602,058 units valued at $19,772,383 at the close on Monday. Trading in the US dollar market accounted for 375,830 units valued at US$112,160.
The All Jamaica Composite Index declined 652.58 points to close at 244,600.84 the JSE Market Index fell 594.58 points to finish at 222,859.09 and the JSE US dollar market index gained 5.36 points to close at 215.57.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 5 with lower offers.
The main market ended trading with an average of 122,740 units, compared to an average of 53,047 units on Monday. The average volume for the month to date ended at 136,817 units versus 150,894 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Berger Paints slid $1.95 to $11.05, with 92,502 shares changing hands, Cable and Wireless lost 1 cent to close at $1.29 with trades of 255,042 shares, Caribbean Cement closed $1.20 lower to $31 with an exchange of 38,790 units. Carreras traded at $72, gaining $3 with 25,245 shares exchanged, Grace Kennedy advanced 90 cents to $43.90 with 170,701 units changing owners, Jamaica Broilers traded 124,547 shares at $15.99, for a loss of 1 cent, Jamaica Producers closed at $16 with 143,221 shares exchanged, Jamaica Stock Exchange closed 53 cents lower at $7, with trades of 861,904 units. JMMB Group closed at $16.81, losing 19 cents with 62,377 units traded, Kingston Properties closed at $16.35 trading 2,250 shares, Kingston Wharves lost 25 cents to close at $31.50, with 133,133 units changing hands, Mayberry Investments closed 10 cents lower at $4.60 with an exchange of 63,659 shares, NCB Financial Group gained 40 cents to close at $61.90, after exchanging 39,418 shares, 1834 Investments closed at $1.50, losing 10 cents trading 24,112 units, Palace traded 900 units at $200, Pan Jamaican closed at $35, with a loss of 1 cent trading 59,159 shares. Pulse Investments closed at $8.40, losing 5 cents with an exchange of 2,654 units, Radio Jamaica gained 30 cents to close at $1.90 exchanging 30,300 shares, Sagicor Group closed at $33.50 trading 151,851 shares, Sagicor Real Estate fund lost 6 cents to close at $10.50 with 184,285 shares traded, Scotia Group was down 99 cents, to close at $38.01, with 513,417 units exchanged, Scotia Investments traded $1.95 higher to $40 with a mere 1,000 units changing hands, Supreme Ventures advanced 35 cents to $6.35 trading 4,710 shares. Proven closed at 30 US cents, gaining 1 cent with an exchange of 375,830 ordinary shares and JMMB Group 7.5% preference share lost 1 cent to close at $1.08 with trades of 2,730,333 units.
No price change to close Tuesday
All three market indices of the Trinidad & Tobago Stock Exchange eased at the close on Tuesday as trading levels fell to 178,508 shares valued at $2,180,740 compared to Monday’s 303,967 shares valued at $3,867,966.
The market closed with the last price of all 11 securities trading ending unchanged, on Monday 17 stocks traded.
The Composite Index fell 1.06 points to 1,239.87, the All T&T Index declined 1.97 points to 1,824.19 and the Cross Listed Index lost 0.02 points to 87.90.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 11 with lower offers.
Firm Trades| Angostura Holdings held firm at $15.01 with trades of 24,534 shares valued at $368,215, Ansa McAl traded 83 shares at $66.43, Clico Investment held firm at $22.50 with 52,500 units changing hands, valued at $1,181,253. First Citizens closed at $32 with an exchange of 400 shares, JMMB Group held firm at $1.22 with 47,322 units exchanged while Massy Holdings at $53 traded 1,000 units. NCB Financial Group closed at $3.78 with trades of 11,858 shares, Sagicor Financial traded at $9.01 with an exchange of 38,829 units valued at $349,494, Scotiabank closed at $59.01 with 1,343 shares changing hands, Trinidad & Tobago NGL closed at $22.71 with 501 units traded and West Indian Tobacco ended at $127 with trades of 138 shares.
JSE climbs on Monday
The Jamaica Stock Exchange corrected Friday’s error in the movement of the market indices to reflect the correct changes based on the close on Thursday and Friday.
The error in the market indices showed the sharp difference reported for the rise in the indices on Friday. The report shows the indices above the closing levels on Thursday but the official market report shows that main market and composite indices fell by more than 1,200 points and the junior market rising only 7.21 points when the closing index on Thursday and Friday show a rise of 29.39 points.
The market closed on Monday with 25 securities changing hands with 2 trading in the US dollar market. In the main market, 9 stocks advanced and 10 declined.
Trading levels in main market ended at 2,602,058 units valued at $79,186,131 compared to 7,683,386 units valued at $59,552,400 at the close on Friday. Trading in the US dollar market accounted for 3,316 units valued at US$962.
The All Jamaica Composite Index advanced 828.57 points to close at 245,253.44 the JSE Market Index gained 754.92 points to finish at 223,453.67 and the JSE US dollar market index remained at 210.21.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks with bids higher than their last selling prices and 4 with lower offers.
The main market ended trading with an average of 282,723 units on Friday, compared to an average of 184,556 units on the previous trading day. The average volume for the month to date, ended at 248,740 units versus 214,756 units on the prior trading day. The average volume and value for February, ended at 223,938 units and $1,379,459.
In market activity, Berger Paints closed at $13, losing $2 with 3,799 shares changing hands, Cable and Wireless lost 4 cents to close at $1.30 with trades of 645,652 shares, and Caribbean Cement closed 20 cents higher to $32.20 with an exchange of 19,345 units. Carreras traded at $69, for a loss of 50 cents with 6,800 shares exchanged, Grace Kennedy closed 50 cents higher to $43 with 6,757 units changing owners, Jamaica Broilers traded 61,027 shares at $16, Jamaica Producers gained 50 cents to close at $16 with 5,209 shares exchanged, and Jamaica Stock Exchange closed 23 cents higher to $7.53 with trades of 23,712 units. JMMB Group lost 50 cents, closing at $17 with 23,836 units traded, Kingston Properties closed at $16.35 trading 200 shares, Kingston Wharves gained 55 cents to close at $31.75, with 6,034 units changing hands, Mayberry Investments closed 60 cents lower to $4.70 with an exchange of 124,821 shares, NCB Financial Group lost 49 cents to close at $61.50, after exchanging 11,943 shares, 138 Student Living closed at $4.50 with 13,015 units exchanged, Pan Jamaican closed at $35.01, with gains of 76 cents trading 145,770 shares. Pulse Investments was down 5 cents, closing at $8.45 with an exchange of 1,809 units, Sagicor Group closed at $33.50 trading 86,987 shares, Sagicor Real Estate fund added 1 cent to close at $10.56 with 39,600 shares traded, Salada closed at $9, losing 24 cents exchanging 320 shares, Scotia Group added 65 cents to close at $39, with 1,960 units exchanged, Scotia Investments traded $2.05 higher to close at $38.05 with 105,759 units changing hands, Seprod closed at $38, for a loss of 55 cents with trades of 600 shares, and Supreme Ventures closed at $6, losing 29 cents trading 3,175 shares. Proven closed at 29 US cents with an exchange of 3,316 ordinary shares, JMMB 7.5% preference share traded 497,190 units at $2 and JMMB Group 7.5% preference share closed 1 cent lower to $1.09 with trades of 766,738 units.