Readymix price rose for the third consecutive day on the Trinidad & Tobago Stock Exchange on Wednesday, adding 50 cents, for a 13.6 percent increase over the Trinidad Cement’s offer price of $11. Ansa McAL dominated trading and led with more than 100,000 units valued at more than $7.5 million.
Trading resulted in 14 securities changing hands compared to 13 on Tuesday with the price of 4 rising, 2 falling and 8 remaining unchanged. A total of 317,668 shares were exchanged at a value of $8,880,820 compared to Tuesday’s 445,375 shares valued at $5,118,190.
The Composite Index rose 1.30 points to 1,232.55, the All T&T Index lost 0.24 points to 1,807.58 and the Cross Listed Index gained 0.39 points to end at 88.19.
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| Ansa McAL gained 13 cents to close at $66.50 with trades of 114,214 shares valued at $7,590,863, JMMB Group closed at $1.25 with gains of 7 cents trading 47,529 shares, NCB Financial Group closed at $3.80, after gaining 2 cents with an exchange of 63,778 units. Readymix closed 50 cents higher at $12.50 exchanging 1,567 shares and
Losses| Angostura Holdings closed 5 cents lower at $14.90 with an exchange of 40 shares and National Enterprises lost 2 cents, closing at $10.80 while trading 26,885 units.
Firm Trades| Agostini’s traded 502 units to close at $18.50, Clico Investment traded 2,260 shares at $22.50, First Caribbean International closed at $8.85 with 50 shares changing hands, Point Lisas exchanged 10,000 units at $3.76, Sagicor Financial remained at $9 with trades of 6,202 shares. Scotia Investments closed at $2.50 with 2,000 units changing hands, Trinidad Cement traded 34,900 units at $4.20, Trinidad & Tobago NGL closed at $21 with 5,741 units exchanged and West Indian Tobacco was unchanged at $127 trading 2,000 units.
Readymix now 14% above TCL offer
Readymix heads higher on Tuesday
TCL may be challenged to succed with its bid to buy out the minority shares in Reaymix at TT$11.
Market activity on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 13 securities changing hands compared to 11 on Monday with 3 rising, 6 falling and 4 remaining unchanged. At the close, 445,375 shares were exchanged at a value of $5,118,190 compared to Monday’s 238,247 shares valued at $1,151,376.
The Composite Index fell 1.62 points to 1,231.25, the All T&T Index declined 2.39 points to 1,807.82 and the Cross Listed Index lost 0.11 points to 87.80.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| JMMB Group closed at $1.18 with a 1 cent gain trading 112,080 shares, Point Lisas traded 1 cent higher with 7,159 shares changing hands to close at $3.76, Readymix advanced 49 cents, closing at $12 with an exchange of 155,862 shares valued at $1,870,387. In the last two years the company stock traded only 11,218 units prior to the buy-out offer.
Losses| Guardian Holdings closed at $15.50, losing 40 cents trading 454 shares, Massy Holdings lost 4 cents to close at $52.95 with an exchange of 188 units,
NCB Financial Group closed 1 cent down to $3.78 exchanging 24,872 shares. One Caribbean Media lost 10 cents to close at $16.90 with trades of 1,450 units, Republic Financial Holdings closed at a 52 weeks’ low of $101.95, with a loss of 4 cents trading 203 units and Trinidad & Tobago NGL traded at $21, losing 12 cents with an exchange of 120,691 shares valued at $2,534,710.Firm Trades| Angostura Holdings closed at $14.95 with 333 shares changing hands, Clico Investment traded 14,000 shares at $22.50 valued at $315,000, National Enterprises exchanged 1,234 shares at $10.82 and Sagicor Financial closed at $9 with trades of 4,590 shares.
Juniors rise moderately – Tuesday
The junior market index rose 13.19 points on Tuesday, to end at 3,055.55 with 22 securities changing hands, up from 19 on Monday with 12 advancing and 5 declining.
Trading fell back on Tuesday from Monday’s levels, with a volume of 2,082,552 units valued at $21,125,705 passing through the market, compared to 4,276,697 units valued at $28,791,862 that were traded on Monday.
The junior market ended trading with an average of 94,661 units for an average value of $960,259 traded, compared to 225,089 units for an average value of $1,515,361 on the previous trading day. The average volume and value for the month to date ended at 159,875 units and $1,237,810. The average volume and value for March was 137,459 units and $1,313,411.
Trading ended with 5 stocks having bids higher than their last sale prices and 3 ending with lower offers, than the last traded price.
At the close of the market on Tuesday, AMG Packaging gained 10 cents to close at $6.10 with 113,640 units changing hands, CAC 2000 closed at $7.85 with 6,890 shares trading, Cargo Handlers traded 8,000 shares but fell 90 cents to end at $20.10, Caribbean Cream traded 5,276 units to end with a rise of 1 cent at $7.26, Caribbean Producers climbed 25 cents in trading 2,029 units to end at $4, C2W lost 5 cents to end at 25 cents with 40,000 shares changing hands, Derrimon Trading rose by 10 cents and ended at a new high of $8.60 with 15,423 shares changing hands, Dolphin Cove ended at $20 with 2,370 shares trading to gain $2. General Accident traded 2,500 shares and fell 10 cents to end at $3.05, Honey Bun had 39,797 shares changing hands and gained 20 cents to close at $7.50, Jamaican Teas traded 11,971 shares to close at $7.75,
Jetcon Corporation rose 10 cents to end at $12.10 with 1,408,900 shares being exchanged, KLE Group traded 20,545 units and rose 20 cents to $3.50, Lasco Distributors ended with 22,400 units trading at $6.90 after losing by 10 cents, Lasco Financial rose 20 cents, with 115,225 shares changing hands, to end at $3.80, Lasco Manufacturing closed with 70,000 units changing hands at $5, Main Event slipped 10 cents and closed at $5 with 14,141 shares changing hands, Medical Disposables traded 29,766 shares to close at $6.50 after rising 50 cents, Paramount Trading gained 15 cents with 11,835 shares changing hands, to close at $3.75. tTech traded 22,487 units to gain 9 cents and closed at $7.49, Derrimon Trading preference share traded 117,687 units at $2.11 with a rise of 1 cents and Eppley 10% preference share traded a mere 1,670 units at $6.80.
8 stocks fall & 1 gain on TTSE
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.
Juniors make big gains – Monday
Lasco Distributors dominated trading on Monday.
Trading picked up on Monday over Friday, with Lasco Distributor dominating with 78 percent of the volume of 4,276,697 units valued at $28,791,862 passing through the market, compared to 1,607.606 units valued at $11,124,439 that were traded on Friday.
The junior market ended trading with an average of 225,089 units for an average value of $1,515,361 traded, compared to 107,174 units for an average value of $741,629 on the previous trading day.
The average volume and value for March was 137,459 units and $1,313,411.Trading ended with 10 stocks having bids higher than their last sale prices and 2 ending with lower offers, than the last sale price.
At the close of the market on Monday, AMG Packaging closed at $6 with 12,960 units changing hands, Blue Power closed at $35 with 288 shares trading, Caribbean Cream traded 16,799 units to end at $7.25, Caribbean Producers climbed 8 cents in trading 25,870 units to end at $3.75, Consolidated Bakeries gained 20 cents to end at $3.20 with 5,100 shares changing hands, Honey Bun had 11,854 shares changing hands and lost 20 cents to close at $7.30. I$P Finance traded 6,950 shares to end at an all-time high of $12.75, Jamaican Teas traded 2,738 shares to close with a fall of 24 cents at $7.75,
Jetcon Corporation rose $1 to end at $12 with 15,000 shares being exchanged, KLE Group traded 3,300 units and rose 25 cents to $3.30, Knutsford Express traded 530 shares to close at a 52 weeks’ high of $42, Lasco Distributors ended with 3,330,287 units trading at $7 after rising by 30 cents, Lasco Manufacturing closed with 692,870 units changing hands at $5, Main Event closed with a rise of 20 cents at $5.10 with 5,798 shares changing hands, Medical Disposables traded 103,417, shares to close at $6, Paramount Trading lost 20 cents with 21,000 shares changing hands, to close at $3.60. tTech traded just 2,660 units but fell 10 cents to close at $7.40, Eppley 9.5% preference share traded 17,881 units at $6.02 with a fall of 2 cents and Eppley 10% preference share traded a mere 1,395 units at $6.80.
Juniors up15.5% in Q1
Lasco Distributors dominated trading on Friday with 88% of the volume.
Trading picked up on Friday over Thursday with Lasco Distributor dominating with 88 percent of the volume of 1,607.606 units valued at $11,124,439 passing through the market, compared to 243,100 units valued at $4,441,436 on Thursday. Market activity ended with only 15 securities trading, similar to the total on Thursday with 4 advancing and 5 declining stocks. A total of 1,607.606 units valued at $11,124,439 passed through the market, compared to 243,100 units valued at $4,441,436 on Thursday.
The junior market ended trading with an average of 107,174 units for an average value of $741,629 traded,
compared to 16,207 units for an average value of $296,096 on the previous trading day. The average volume and value for the month to date ended at 137,459 units and $1,313,411. On the immediate preceding trading day, the average volume and value for the month to date, were 138,835 units and $1,338,271 with the value of trading ending close to the level for February and well ahead of the averages in January of 165,547 units with an average value of $884,749. The average volume and value for February, ended at 223,938 units and $1,379,459.Trading ended with 7 stocks had bids higher than their last sale prices and 5 ended with lower offers, than the last sale.
At the close of the market on Friday, AMG Packaging closed at $6 with 30,554 units changing hands, Blue Power lost $1.50 and closed at $35 with 827 shares trading, Caribbean Cream dropped 65 cents in trading 19,770 units to end at $7.25, Caribbean Flavours climbed $1.80 in trading 3,950 units to end at $13.80,
Dolphin Cove lost $1 and ended at $18 with 40,000 shares changing hands, General Accident gained 35 cents and closed trading with 7,075 shares at $3.15, Honey Bun had 26,764 shares changing hands, rose 20 cents and closed at $7.50. I$P Finance traded 5,681 shares to end at $12.50, Jamaican Teas traded 27,505 shares to close with a fall of 24 cents at $7.75, Jetcon Corporation closed trading with 2,100 shares being exchanged, to end at $11, Lasco Distributors ended with 1,418,780 units trading at $6.70, Main Event closed with a loss of 10 cents at $4.90 with 3,400 shares changing hands, Paramount Trading had 20,100 shares changing hands, to close at $3.80. tTech traded just 1,000 units but rose $1.23 to close at $7.50 and Eppley 10% preference share traded a mere 100 units at $6.80.
Readymix jumps on takeover offer
TCL made an offer to buy out the minority shares in Reaymix at TT$11.
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.
Modest rise in junior market
Trading on the junior market fell off sharply on Thursday from Wednesday’s levels, as demand declined below the previous day leaving the market index inching up by just 1.16 points to end at 2,991.64.
Market activity ended with only 15 securities trading, similar to the total on Wednesday with advancing and declining stocks ending at a 5 each. A total of 243,100 units valued at $4,441,436 passed through the market, compared to 699,545 units valued at $3,810,910 on Wednesday.
The junior market ended trading with an average of 16,207 units for an average value of $296,096 traded, compared to 46,636 units for an average value of $254,061 on the previous trading day. The average volume and value for the month to date ended at 138,835 units and $1,338,271.
On the immediate preceding trading day, the average volume and value for the month to date, were 144,675 units and $1,385,643. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with 10 stocks had bids higher than their last sale prices and 4 ended with lower offers, than the last sale.
At the close of the market on Thursday, AMG Packaging climbed $1 and closed at $6 with 27,916 units changing hands, CAC 2000 lost 5 cents and closed at $7.80 with 31,239 shares trading, Caribbean Cream dropped 8 cents in trading 1,733 units to end at $7.90, Derrimon Trading ended at $8.50 with 3,994 shares changing hands, Honey Bun had 3,952 shares changing hands, rose 70 cents and closed at $7.30. Iron Rock Insurance traded 7,256 shares to end at $3.84, Jamaican Teas traded just 320 shares to close at $7.99, 
Jetcon Corporation dropped $1 and closed trading with 21,970 shares being exchanged, to end at $11, Knutsford Express lost 11 cents to end at $42 with 80,146 shares changing hands, Lasco Distributors ended with 22,522 units trading at $6.70, Lasco Financial fell 40 cents, with 20,000 shares changing hands, to end at $3.60, Lasco Manufacturing closed with 2,420 units changing hands at $5, after falling 5 cents, Main Event closed at $5 with 11,724 shares changing hands, Medical Disposables climbed 75 cents to $6 with 4,808 units trading and Paramount Trading had 3,100 shares changing hands, to close with a rise of 20 cents at $3.80.
Another big junior market fall
Caribbean Flavours dropped $2 to end at $12.
Market activity ended with only 15 securities trading, down from 25 on Tuesday as 7 stocks rose and 4 declined. A total of 699,545 units valued at $3,810,910 passed through the market, compared to 4,031,077 units valued at $23,768,156 on Tuesday.
The junior market ended trading with an average of 46,636 units for an average value of $254,061 traded, compared to 161,243 units for an average value of $950,726 on the previous trading day. The average volume and value for the month to date ended at 144,675 units and $1,385,643. The average volume and value for the month to date ended at 149,577 units and $1,439,528. On the immediate preceding trading day, the average volume and value for the month to date, were 149,577 units and $1,439,528.
The average volume and value for February, ended at 223,938 units and $1,379,459.Trading ended with 10 stocks had bids higher than their last sale prices and 3 ended with lower offers, than the last sale.
At the close of the market on Wednesday, AMG Packaging fell 80 cents to close at $5 with 4,331 units changing hands, CAC 2000 lost 5 cents and closed at $7.80 with 1,200 shares trading, Cargo Handlers ended trading with 800 shares at $21, Caribbean Flavours dropped $2 in trading 3,350 units to end at $12, Consolidated Bakeries ended with 22,500 shares changing hands, to close at $3. Derrimon Trading rose 28 cents and ended at $8.50 with 7,000 shares changing hands,
Jamaican Teas rose 74 cents in trading 9,259 shares to close at $7.99, Jetcon Corporation gained 15 cents and closed trading with 27,870 shares being exchanged, to end at $12, Knutsford Express rose 11 cents to end at $42.11 with 424 shares changing hands, Lasco Distributors added 10 cents and ended with 50,572 units trading at $6.70, Lasco Financial regained the 50 cents lost on Tuesday, with 18,201 shares changing hands, to end at $4, Lasco Manufacturing closed with 146,851 units changing hands at $5.05, after rising 26 cents, Main Event closed at $5 with 385,051 shares changing hands, Paramount Trading had 15,136 shares changing hands, to close with a loss of 5 cents at $3.60 and tTech ended with 7,000 units changing hands at $6.27.
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.
