Declining stocks ended with a two to one advantage in trading on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 11 percent with a 62 percent lower value than on Tuesday and resulted in the trading of 17 securities compared with 21 on Tuesday, with five stocks rising, 10 declining and two remaining unchanged.
Investors exchanged 122,598 shares for $1,058,112 down from 138,059 stock units at $2,781,930 on Tuesday.
An average of 7,212 units were traded at $62,242 compared to 6,574 shares at $132,473 on Tuesday, with trading month to date averaging 26,312 shares at $172,183 compared with 35,331 units at $224,100 on the previous day. The average trade for September ended at 21,948 shares at $198,506.
The Composite Index rallied 0.82 points to finish at 1,212.81, the All T&T Index dipped 0.59 points to close at 1,847.56, the SME Index remained unchanged at 70.47 and the Cross-Listed Index rose 0.33 points to conclude trading at 74.70.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, Agostini’s remained at $68.50, with 4 shares changing hands, Angostura Holdings slipped 1 cent to end at $22.97 after an exchange of 40 units, Ansa McAl rose 25 cents to $57.50 after 2 stocks changed hands, First Citizens Group dipped 1 cent in closing at $49 after trading 862 stock units. FirstCaribbean International Bank shed 2 cents to close at $6.97, with 2,000 stocks crossing the market, GraceKennedy advanced 10 cents and ended at $3.40 with investors dealing in 4,000 stock units, Guardian Holdings skidded 5 cents to end at $19 after a transfer of 13,451 units, JMMB Group rallied 2 cents to close at $1.43 with stakeholders exchanging 5,201 shares. Massy Holdings slipped 1 cent to $4.84 with an exchange of 12,380 shares, National Enterprises fell 5 cents in closing at $3.55 after an exchange of 75,672 stocks, Point Lisas lost 24 cents to close at $3.06, with 500 stock units crossing the market, Republic Financial dipped 1 cent and ended at a 52 weeks’ low of $120 with a transfer of 2,111 units. Scotiabank ended at $72.51 in an exchange of 1,062 stocks, Trinidad & Tobago NGL gained 10 cents to close at $13 after 3,071 stock units changed hands, Trinidad Cement fell 1 cent to end at $3.13 with traders dealing in 14 shares, Unilever Caribbean skidded 20 cents in closing at $11.60, with 500 units clearing the market and West Indian Tobacco popped 1 cent to close at $10.06 in trading 1,728 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks beat gainers on Trinidad Exchange
Trading dips on the Trinidad Exchange
Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 88 percent, with the value 47 percent lower than on Monday and resulting in trading of 21 securities, up from 15 on Monday and ended with prices of seven stocks rising, seven declining and seven remaining unchanged.
Investors exchanged 138,059 shares for $2,781,930 versus 1,133,869 stock units at $5,285,656 on Monday.
An average of 6,574 units were traded at $132,473 compared to 75,591 shares at $352,377 on Monday, with trading month to date averaging 35,331 shares at $224,100 compared with the average trade for September of 21,948 shares at $198,506.
The Composite Index rallied 4.28 points to end at 1,211.99, the All T&T Index dropped 2.53 points to settle at 1,848.15, the SME Index remained unchanged at 70.47 and the Cross-Listed Index rose 1.62 points to close at 74.37.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, Agostini’s remained at $68.50 after trading just 2 shares, Angostura Holdings dropped 1 cent in closing at $22.98 in switching ownership of 118 stock units, Ansa McAl declined 65 cents to close at $57.25 as 18,084 units passed through the market, Endeavour Holdings ended at $13, with investors exchanging 57 stocks. First Citizens Group popped 1 cent and ended at $49.01 with investors transferring 8,166 shares, FirstCaribbean International Bank shed 1 cent to end at $6.99 after 100 stocks were traded, Guardian Holdings dipped 5 cents in closing at $19.05, with 310 stock units crossing the market, Guardian Media ended at $2.01 with traders dealing in 805 units. JMMB Group slipped 1 cent to close at $1.41 with an exchange of 18,013 units, L.J. Williams A share rallied 1 cent and ended at a 52 weeks’ high of 21 cents with 1,000 shares clearing the market, Massy Holdings remained at $4.85 after an exchange of 33,119 stock units, National Enterprises increased 5 cents to $3.60, with 4,623 stocks changing hands. National Flour Mills fell 1 cent to end at $1.52 with shareholders swapping 700 units, NCB Financial popped 23 cents to close at $3 while exchanging 10,200 shares, One Caribbean Media rose 12 cents to $3.82 as investors exchanged 170 stocks, Prestige Holdings ended at $8.50 in trading 260 stock units. Republic Financial inched 1 cent up to close at $120.01 with a transfer of 3,436 shares, Scotiabank ended at $72.51 after a transfer of 3,334 units, Trinidad & Tobago NGL ended at $12.90 with investors trading 28,158 stocks, Unilever Caribbean gained 1 cent to end at $11.80 in an exchange of 12 stock units and West Indian Tobacco lost 15 cents and ended at $10.05 with stakeholders exchanging 7,392 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on Trinidad Exchange to start October
October commenced with a surge in trading on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 671 percent and the value 131 percent more than on Friday resulting from trading in 15 securities compared with 20 on Friday, with prices of three stocks rising, five declining and seven remaining unchanged.
Investors traded 1,133,869 shares for $5,285,656 up from 147,149 stock units at $2,288,627 on Friday.
An average of 75,591 shares were traded at $352,377 compared to 7,357 units at $114,431 on Friday, compared to September with an average of 21,948 shares at $198,506.
The Composite Index dipped 1.92 points to 1,207.71, the All T&T Index shed 2.92 points to finish at 1,850.68, the SME Index remained at 70.47 and the Cross-Listed Index slipped 0.12 points to finish at 72.75.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s gained 50 cents in closing at $68.50, with 4,600 shares crossing the exchange, Ansa McAl ended at $57.90 with a transfer of 3,500 stocks, Calypso Macro Investment Fund popped $1 to $23.50 in an exchange of 250 units. First Citizens Group dipped 10 cents to close at $49 with investors trading 470 stocks, FirstCaribbean International Bank remained at $7 in an exchange of 90 stocks, GraceKennedy ended at $3.30 with investors exchanging 499,100 stock units. JMMB Group fell 3 cents to end at $1.42 as investors traded 4,801 units, Massy Holdings skidded 5 cents to close at $4.85 with investors dealing in 24,342 shares, National Enterprises remained at $3.55 in switching ownership of 548,992 stock units. One Caribbean Media ended at $3.70 with investors swapping 3,000 stocks, Republic Financial dropped $1.09 to $120 after a transfer of 3,673 shares, Scotiabank shed 24 cents and ended at $72.51, with 680 units clearing the market. Trinidad & Tobago NGL advanced 1 cent in closing at $12.90 after an exchange of 38,362 stock units, Unilever Caribbean remained at $11.79 with 83 shares changing hands and West Indian Tobacco ended at $10.20 after 1,926 stocks were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit climbs 16% at Jamaica Broilers
Profit rose a cool 16 percent at Jamaica Broilers Group for the quarter to July 2023, to $1.2 billion over the $1.1 billion in the July 2022 quarter from a mere two percent increase in revenues to $23.4 billion from $23 billion in 2022.
Gross profit grew faster than revenues, with an increase of 8 percent to $5.7 billion from $5.3 billion in the prior year. The Jamaica Operations had segment results of $1.75 billion, down 7 percent below last year’s result of $1.88 billion. “The reduction was mainly driven by increased pressure from high levels of imports, affecting baby chick sales to our small farmers,” Robert Levy, Chairman and Christopher Levy, Group President & CEO advised investors in their comments on the quarter’s performance.
“The Jamaica Operations showed an increase of 5 percent over the corresponding quarter, which was mainly driven by poultry sales. Our US Operations reported a b segment result of $1.2 billion for the first quarter, 44 percent above last year’s results,” the directors went on to state. The group earned $815 million in segment results in 2022 from segment revenues of $9.2 billion which slipped to $9.1 billion in 2023 from external business in the US Operations.
“We did have a 3 percent decline in total revenue due primarily to falling prices in most of our product lines. However, a 56 percent year over year increase in poultry volumes assisted in offsetting the negative market pressures. Our South Carolina plant which produces the Best Dressed Chicken line of products has gained impressive market acceptance in the United States,” the directors reported.
The Caribbean operations segment that had positive results of $106 million in 2022 recorded a loss of $480 million in 2023.
Administrative costs declined marginally from $2.98 billion to $2.92 billion in the current period, distribution costs rose four percent from $690 million to $720 million, finance costs almost doubled, moving from $320 million to $633 million, taxation moved up from $332 million to $393 million during the 2023 quarter.
Total comprehensive income ended the quarter at $1.45 billion up from $920 million in 2022.
The group reported earnings per share of $1.24 versus $1.07 in 2022. ICInsider.com projects earnings of $7 for the current fiscal year and $9 for the following one. The stock last traded at $32.50, with a price earnings ratio of just under 5, compared to the average of the market of 12.4 based on current year’s earnings.
The group continues to fund expansion with $952 million invested in fixed assets during the quarter, down from $1.2 billion in the similar quarter in 2022, with net fixed assets climbing almost $7 billion from $15.4 billion to $22.2 billion at the end of the quarter. Funds were borrowed to finance the investment in fixed assets, with new loan funding of $2.44 billion during the quarter compared to $3.7 billion in the previous year. Loans repaid amounted to just $664 million versus $1.6 Billion in the previous year. The increased borrowing is the major factor in the climb in interest costs during the quarter, in addition to movement in interest rates internationally.
Cash inflows before working capital requirements for $3.4 billion and is up from $2.6 billion in the previous year after working capital funding rose, the group ended up with a negative cash flow of $2 billion that is up from $1 billion in the previous year.
After the investment in fixed assets, loan payments and receipts, the group was left with negative cash flows for the quarter of $1.9 billion which reduced cash from $4.6 billion at the beginning of the year to $2.8 billion.
The statement of financial position shows a healthy financial status with equity capital of $34 billion net current assets of $17 billion, total current assets amounting to $51 billion and total current liabilities of $34 billion which includes short term borrowings of $21 billion.
Trading jumps on Trinidad Exchange
Trading jumped on Friday over Thursday’s paltry levels at the close of the Trinidad and Tobago Stock Exchange for the week, with the volume of stocks traded rising 220 percent with a value 918 percent more than on Thursday resulting from activity in 20 securities up from 14 on Thursday and ending with six stocks rising, five declining and nine remaining unchanged.
Investors exchanged 147,149 shares for $2,293,679 versus 45,970 stock units at $224,847 on Thursday.
An average of 7,357 units were traded at $114,431 compared to 3,284 shares at $16,061 on Thursday. Trading for the month to date averages 21,948 shares at $198,509 compared to 22,794 units at $203,378 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index gained 0.29 points to end at 1,209.63, the All T&T Index inched 0.01 points higher to 1,853.60, the SME Index remained at 70.47 and the Cross-Listed Index rose 0.08 points to close at 72.87.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68 after an exchange of 101 shares, Ansa McAl popped 1 cent to close at $57.90 after 1,585 units changed hands, Ansa Merchant Bank lost 25 cents to end at $44.25 with a transfer of 500 stocks, First Citizens Group slipped 1 cent to $49.10 in exchanging 25,635 stock units. FirstCaribbean International Bank gained 10 cents and ended at $7 with an exchange of 2,542 stock units, Guardian Media popped 1 cent to close at $2.01 with traders dealing in 307 units, JMMB Group remained at $1.45 as investors traded 21,195 shares. L.J. Williams B share remained at $2.44 with stakeholders exchanging 1,025 shares. Massy Holdings ended at $4.90 with 11,827 stocks changing hands, National Enterprises remained at $3.55 after a transfer of 2,500 stock units, NCB Financial rose 22 cents to end at $2.77 after 9,648 units changed hands. One Caribbean Media skidded 12 cents in closing at $3.70 with investors dealing in 16,659 stocks, Prestige Holdings climbed 50 cents to close at $8.50 after investors ended trading 25,212 stock units, Republic Financial rallied 4 cents and ended at $121.09 in the swapping of 1,029 units, Scotiabank ended at $72.75 with investors trading 1,393 shares. Trinidad & Tobago NGL slipped 1 cent to $12.89, with 12,338 stocks crossing the market, Trinidad Cement ended at $3.14 in switching ownership of 3,000 stock units, Unilever Caribbean shed 1 cent to end at $11.79 after an exchange of 172 shares and West Indian Tobacco remained at $10.20 with 10,286 units clearing the market.
In the preference segment, L.J. Williams ended at $3.79 with shareholders swapping 195 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on the Trinidad Exchange
Trading plunged on the Trinidad and Tobago Stock Exchange on Thursday, with the volume and the value of stocks trading falling 98 percent respectively compared with Wednesday and resulting from trading in 14 securities compared with 18 on Wednesday, with four stocks rising, two declining and eight remaining unchanged.
Investors exchanged 45,970 shares for $224,847 versus 2,453,475 stock units at $11,762,277 on Wednesday.
An average of 3,284 units were traded at $16,061 compared with 136,304 shares at $653,460 on Wednesday, with trading month to date averaging 22,794 shares at $203,378 compared to 23,619 units at $211,301 on the previous day and favourably with an average trade for August of 14,526 shares at $195,195.
The Composite Index declined 3.24 points to end trading at 1,209.34, the All T&T Index skidded 1.34 points to 1,853.59, the SME Index remained unchanged at 70.47 and the Cross-Listed Index fell 0.74 points to close at 72.79.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Ansa McAl advanced 89 cents to close at $57.89 with stakeholders exchanging 20 shares, Endeavour Holdings ended at $13 in trading 10 stocks, First Citizens Group remained at $49.11 after a transfer of 294 units. GraceKennedy remained at $3.30 with investors exchanging 900 stock units, JMMB Group rose 5 cents to $1.45 after investors traded 10,087 units, Massy Holdings ended at $4.90 with 10,614 stocks being traded. National Flour Mills ended at $1.53, with 6,145 stock units crossing the exchange, NCB Financial fell 35 cents to end at a 52 weeks’ low of $2.55 after an exchange of 10,896 shares, One Caribbean Media remained at $3.82 and closed with 100 stocks changing hands. Point Lisas ended at $3.30 with 1,083 shares clearing the market, Prestige Holdings closed at $8, with 430 stocks crossing the market, Republic Financial dropped 28 cents to close at $121.05 after investors ended trading of 257 units. Trinidad & Tobago NGL climbed 9 cents to $12.90 as 1,074 stock units passed through the market and Unilever Caribbean popped 15 cents in closing at $11.80 with a transfer of 4,060 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on Trinidad Exchange
Trading surged on Wednesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded jumping 2,650 percent and the value of 1,055 percent more than in market activity on Tuesday as Massy Holdings and National Enterprises dominated market activity, following trading in 18 securities up from 15 on Tuesday, with prices of six stocks rising, six declining and six ending unchanged.
Investors traded 2,453,475 shares for $11,762,277, up sharply over the 89,218 stock units trading for $1,018,274 on Tuesday.
An average of 136,304 units were traded at $653,460 compared to 5,948 shares at $67,885 on Tuesday. Trading month to date averages 23,619 shares at $211,301 compared with 17,139 units at $185,866 on the previous day and August with 14,526 shares at $195,195.
The Composite Index rallied 2.88 points to conclude trading at 1,212.58, the All T&T Index climbed 4.77 points to 1,854.93, the SME Index remained at 70.47 and the Cross-Listed Index popped 0.12 points to close trading at 73.53.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68 after 1,176 shares were traded, Angostura Holdings gained 1 cent to end at $22.99 after 37,940 units passed through the market, Ansa Merchant Bank rallied $2 to $44.50 in an exchange of 800 stocks, Calypso Macro Investment Fund lost $1 in closing at $22.50, with 509 stocks clearing the market. First Citizens Group dipped 8 cents to close at $49.11 with traders dealing in 12,518 stocks, GraceKennedy rose 2 cents to end at $3.30 and closed with an exchange of 581,528 shares, JMMB Group ended at $1.40 while exchanging 30,000 stocks, L.J. Williams B share dipped 5 cents and ended at $2.44 with 10 units changing hands. Massy Holdings rose 5 cents in closing at $4.90 after 1,222,947 shares passed through the exchange, National Enterprises skidded 5 cents to close at $3.55 in trading 550,330 stocks, NCB Financial ended at $2.90 with stakeholders exchanging 14,106 stock units, One Caribbean Media popped 7 cents and ended at $3.82 in an exchange of 134 units. Point Lisas ended at $3.30, with 10 stock units crossing the market, Prestige Holdings ended at $8 after a transfer of 103 shares, Republic Financial shed 66 cents to close at $121.33 after an exchange of 1,042 stocks, Scotiabank advanced 25 cents to close at $72.75 in switching ownership of 170 units, Trinidad Cement remained at $3.14 with a transfer of 10 units and Unilever Caribbean declined 15 cents in closing at $11.65 with investors transferring 142 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the Trinidad Exchange
Fresh from closer of trading on the Trinidad and Tobago Stock Exchange on Monday due to a public holiday, the market reopened on Tuesday, with a sharp 84 percent fall in the volume of stocks traded, with the value diving 82 percent lower than on Friday and from trading in 15 securities, down from 19 on Friday, with six stocks rising, three declining and six remaining unchanged.
Investors exchanged 89,218 shares for $1,018,274 down from 559,401 stock units at $5,612,843 on Friday.
An average of 5,948 units were traded at $67,885 compared to 29,442 shares at $295,413 on Friday, with trading month to date averaging 17,139 shares at $185,866 compared with 17,702 units at $191,805 on the previous trading day and an average of 14,526 shares at $195,195 in August.
The Composite Index dipped 0.55 points to end at 1,209.70, the All T&T Index dipped 1.05 points to conclude trading at 1,850.16, the SME Index remained unchanged at 70.47 and the Cross-Listed Index remained unchanged at 73.41.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At close, Agostini’s popped $1 to close at $68 with 72 shares clearing the market, Angostura Holdings ended at $22.98 after investors traded of 1,000 units, First Citizens Group gained 8 cents to close at $49.19 in switching ownership of 2,794 stocks. Guardian Holdings remained at $19.10 with traders dealing in just two stocks, Guardian Media lost 20 cents and ended at $2 with stakeholders exchanging 490 stock units, Massy Holdings shed 10 cents to end at $4.85 as investors exchanged 11,902 shares. National Enterprises rallied 5 cents to close at $3.60 after an exchange of 56,607 units, NCB Financial ended at $2.90, with 120 stocks crossing the market, Prestige Holdings climbed 5 cents and ended at $8 after a transfer of 6,000 shares. Republic Financial rose 49 cents to end at $121.99 after 99 stock units passed through the market, Scotiabank remained at $72.50 with a transfer of 6,807 units, Trinidad & Tobago NGL dipped 9 cents and ended at a 52 weeks’ low of $12.81 with an exchange of 927 stocks. Trinidad Cement remained at $3.14 with investors transferring a mere two stock units, Unilever Caribbean popped 10 cents to end at $11.80, with 908 stocks crossing the market and West Indian Tobacco ended at $10.20 in an exchange of 1,488 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices drop on Trinidad Exchange
Falling stocks battered those rising at the close of trading on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 127 percent with a value 205 percent more than on Thursday, resulting from trading in 19 securities up sharply from just 10 on Thursday, with prices of two rising, seven declining and 10 remaining unchanged.
Investors exchanged 559,401 shares for $5,612,843 up from 246,775 stock units at $1,839,912 on Thursday.
An average of 29,442 units were traded at $295,413 compared to 24,678 shares at $183,991 on Thursday, with trading month to date averaging 17,702 shares at $191,805 compared with 16,903 units at $184,750 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index fell 1.77 points to finish at 1,210.25, the All T&T Index skidded 2.25 points to conclude trading at 1,851.21, the SME Index remained at 70.47 and the Cross-Listed Index skidded 0.17 points to close at 73.41.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $67 with an exchange of 1,656 shares, Angostura Holdings dipped 1 cent in closing at $22.98 after 5,070 stocks passed through the market, Ansa McAl remained at $57 with 5,000 units crossing the exchange, Calypso Macro Investment Fund skidded $1.55 to end at $23.50 with investors transferring 11 stock units. Endeavour Holdings ended at $13 in trading 50 units, First Citizens Group advanced 1 cent to $49.11 in switching ownership of 3,249 shares, FirstCaribbean International Bank shed 10 cents and ended at $6.90, with 3,634 stock units crossing the exchange, GraceKennedy dipped 1 cent to $3.28 with investors dealing in 106,160 stocks. Guardian Holdings remained at $19.10 after a transfer of 70 stock units, JMMB Group ended at $1.40 after an exchange of 192,693 units, Massy Holdings popped 11 cents to end at $4.95 in trading 57,734 stocks, National Enterprises remained at $3.55 after exchanging 124,154 shares. NCB Financial ended at $2.90 with a transfer of 100 stocks, Prestige Holdings remained at $7.95 with traders dealing in 2,071 units, Republic Financial ended at $121.50 while exchanging 15,854 shares, Scotiabank fell 25 cents to end at $72.50 after 18,280 stock units passed through the market. Trinidad & Tobago NGL lost 5 cents in closing at $12.90 with shareholders swapping 20,237 stock units, Unilever Caribbean declined 29 cents to $11.70 as investors exchanged 778 shares and West Indian Tobacco remained at $10.20 in an exchange of 2,600 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.