Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Wednesday, with a 63 percent fall in the volume of stocks traded and a 61 percent decline in value compared with trading Tuesday, resulting in 20 securities trading compared with 18 on Tuesday, with four stocks rising, six declining and 10 remaining unchanged.
Investors exchanged 485,562 shares for $2,784,687, down from 1,303,270 stocks at $7,053,713 on Tuesday.
An average of 24,278 shares were traded for $139,234 compared with 72,404 stock units at $391,873 on Tuesday. Trading month to date averaged 22,304 shares at $233,668 compared with 22,178 units at $239,702 on the previous day. The average trade for May ended with 23,500 shares at $216,502.
The Composite Index lost 1.02 points to end at 1,218.42, the All T&T Index fell 1.68 points to end trading at 1,872.96, the SME Index rallied just 0.12 points to 69.32 and the Cross-Listed Index dipped 0.04 points to settle at 72.49.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and five with lower offers.
At the close, Angostura Holdings ended at $23.10 as investors exchanged 8 shares, Ansa McAl ended at $51 after an exchange of 1,024 stock units, Calypso Macro Investment Fund ended at $21.80 with shareholders swapping 22 units, 
CinemaOne rallied 10 cents in closing at $7.10 after a transfer of 40 stocks. Endeavour Holdings climbed 25 cents to 13, with 1,322 stocks clearing the market, First Citizens Group dipped 15 cents to $48.10 after 11,276 shares were traded, and FirstCaribbean International Bank fell 5 cents to $7 after 6,281 stocks were traded. GraceKennedy shed 6 cents to close at $3.39, with 6 stock units crossing the market, Guardian Holdings remained at $16.75 with 1,193 stock units changing hands, JMMB Group remained at $1.40 with a transfer of 11,250 shares. Massy Holdings lost 2 cents to close at $4.86 with an exchange of 15,327 stocks, National Enterprises increased 9 cents in closing at $3.70 after 965 units passed through the market, NCB Financial ended at $2.70 while exchanging 406,105 units, 
Point Lisas advanced 5 cents to $3.30 in an exchange of 1,351 stocks. Prestige Holdings remained at $8, with investors trading 150 stock units, Republic Financial ended at $127.50, with 3,684 shares crossing the market, Scotiabank ended at $75.77 in trading 168 stock units. Trinidad & Tobago NGL dropped 30 cents to $17.70, with investors trading 20,373 units, Unilever Caribbean remained at $12.24 after 2,779 stocks were exchanged and West Indian Tobacco declined 25 cents to close at $12 in an exchange of 2,238 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp drop in trading on Trinidad exchange
Surge in trading on Trinidad Market
Trading picked sharply on the Trinidad and Tobago Stock Exchange on Tuesday, with a 70 percent jump in the volume of stocks traded, with 208 percent higher value than on Monday resulting in 18 securities trading down from 19 on Monday, with eight stocks rising, four declining and six remaining unchanged.
Investors traded 1,303,270 shares for $7,053,713 compared to 768,020 stocks at $2,289,651 on Monday.
An average of 72,404 shares were traded at $391,873 compared with 40,422 shares at $120,508 on Monday, with trading month to date averaging 22,178 shares at $239,702 up from 19,113 units at $230,408 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index dipped 1.74 points to 1,219.44, the All T&T Index slipped 1.34 points to close at 1,874.64, the SME Index rose 0.38 points to settle at 69.20 and the Cross-Listed Index slid 0.30 points to 72.53.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s climbed $2 to end at $69 and closed with 50 shares changing hands, Angostura Holdings remained at $23.10, with 1,894 units clearing the market, Ansa McAl advanced 5 cents to $51 in an exchange of 100 stock units. Ansa Merchant Bank ended at $48 after a transfer of 2,488 stocks, Endeavour Holdings ended at $12.75 as investors exchanged 791 shares, First Citizens Group declined 25 cents and ended at $48.25 after an exchange of 10,853 units. GraceKennedy remained at $3.45 with the swapping of 7,588 stocks, Guardian Holdings dropped $1.25 in closing at a 52 weeks’ low of $16.75 as 2,530 stock units passed through the market, JMMB Group rose 5 cents to end at $1.40 after an exchange of 12,662 stock units. Massy Holdings rallied 8 cents to close at $4.88 in switching ownership of 981,252 units, NCB Financial remained at $2.70 with investors transferring 242,083 shares, 
One Caribbean Media popped 3 cents to $3.82, with 3 stocks crossing the market. Prestige Holdings inched 1 cent higher to close at $8 as stakeholders traded 30,000 units, Republic Financial shed 30 cents in closing at $127.50 after trading took place for 3,625 shares, Scotiabank ended at $75.77 with shareholders swapping 722 stocks. Trinidad & Tobago NGL gained 60 cents to end at $18, with 573 stock units changing hands, Unilever Caribbean popped 24 cents to $12.24 with an exchange of 1,569 shares and West Indian Tobacco dipped 23 cents to close at $12.25 with a transfer of 4,487 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly fall on Trinidad Exchange
The Trinidad and Tobago Stock Exchange declined on Monday, following a decline in the value of stocks trading but with the volume of stocks traded rising 92 percent and the value 73 percent lower than on Friday, resulting in 19 securities trading compared with 18 on Friday, with three stocks rising, nine declining and seven remaining unchanged.
Investors traded 768,020 shares for $2,289,651 compared with 400,984 stock units at $8,637,659 on Friday.
An average of 40,422 units were traded at $120,508 compared to 22,277 shares at $479,870 on Friday. Trading month to date averaging 19,113 shares at $230,408 compared with 17,647 units at $237,975 on the previous day. The average trade for May ended at 23,500 shares at $216,502. The Composite Index dipped 3.45 points to 1,221.18, the All T&T Index fell 9.26 points to 1,875.98, the SME Index remained unchanged at 68.82 and the Cross-Listed Index rallied 0.39 points to close at 72.83.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Agostini’s remained at $67, with 2 shares changing hands, Angostura Holdings ended at $23.10 after investors ended trading 106 units, Ansa Merchant Bank fell $1 to $48 with an exchange of 20 stock units, 
Calypso Macro Investment Fund gained $1.05 to close at $21.80 after an exchange of 362 stocks. CinemaOne ended at $7 as investors traded 9 stock units, Endeavour Holdings ended at $12.75 and closed with 500 stocks changing, FirstCaribbean International Bank rallied 4 cents to end at $7.05 as 12,364 shares passed through the market, Guardian Holdings declined 50 cents to $18, with 33,595 units crossing the market. JMMB Group ended at $1.35 while exchanging 450,028 shares, Massy Holdings shed 5 cents in closing at $4.80 with shareholders swapping 6,135 stocks, National Flour Mills popped 9 cents to close at $1.64 in an exchange of 100 units, NCB Financial remained at $2.70 in trading 236,378 stock units. 
One Caribbean Media dropped 1 cent and ended at $3.79 in an exchange of 22,170 shares, Prestige Holdings dipped 1 cent in closing at $7.99 with investors transferring 4,415 stock units, Republic Financial lost 20 cents to end at $127.80 with a transfer of 1,176 stocks. Scotiabank shed 73 cents in closing at $75.77, with 15 units crossing the exchange Trinidad & Tobago NGL fell 60 cents and ended at $17.40, with 420 stock units crossing the market, Unilever Caribbean declined 39 cents to close at $12 in switching ownership of 200 shares and West Indian Tobacco ended at $12.48 after a transfer of 25 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market bull market has started
The Junior Market bull market is here.
A big bull market has started in the Junior Market with clear evidence being shown with the rapid rise in the price of Stationery and Office Supplies from around $15 to $35 just before and after the announcement of a meeting to consider a stock split by the company’s directors but also a quiet 10 percent rally in the market from the March low.
The Junior Market bottomed out at 3,594.67 points on March 23 and has since slowly and quietly climbed higher and reclaimed the 3,900 points level on Tuesday this week, in the process reduced the year to date loss to just one percent, having gained 10 percent from this year’s low.
A large number of Junior Market stocks are showing that the supply of shares on offer has been diminishing considerably in recent weeks while in some cases bids are becoming more solid, signs of bullish movement ahead.
The most telling factors, signalling a bull market, are technical indicators, signalling an imminent golden cross. A golden cross is when the short term moving average crosses over the medium term or longer term moving averages. The Junior Market is at the initial stage of crossing over the medium term average trendline. 
Additionally, the market has broken out of a wedge formation to the upside. Both indicators signal significant upward movement in the Junior Market in the coming months. Importantly, where markets usually sell off after the May financial results are released and tend to go into the doldrums until July in most instances. The Junior Market went sideward in April and May and started moving up in June which is a little bit earlier than would normally be the case in the past.
The last time the golden cross occurred in early 2021, the market went on to deliver a 75 percent increase before topping out. With the average PE of the market at 11 times the current year’s earnings and a PE of 20 seemingly a possibility, another robust period now seems to be in the making.
Increased interest rates seem a factor in the decline in the market, resulting in underperformance from 2022, but rates appear to have peaked and are now expected to decline with inflation being reduced from the peak last year, as such the future looks better than the recent past and that is also supported by a number of companies that have posted good results in 2022 and the first quarter this year.
Steady trading on the Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 26 percent with an 18 percent jump in value compared to Thursday and resulting in trading of 18 securities similar to that on Thursday, with prices
of six stocks rising, five declining and seven remaining unchanged.
Investors exchanged 400,984 shares for $8,637,659 versus 542,264 stock units at $7,313,998 on Thursday.
An average of 22,277 shares were traded at $479,70 compared with 30,126 stock units at $406,333 on Thursday. Trading month to date averaging 17,647 shares at $237,975 up from 17,324 units at $221,099 on the previous day. The average trade for May was 23,500 shares at $216,502.
The Composite Index inched 0.05 points higher to 1,224.63, the All T&T Index dropped 2.53 points to end at 1,885.24, the SME Index dipped 0.05 points to end trading at 68.82 and the Cross-Listed Index advanced 0.39 points to settle at 72.44.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s lost $2 and ended at $67 after an exchange of 1,003 shares, Angostura Holdings remained at $23.10, with traders exchanging 100,192 stock units, Ansa McAl ended at $50.95, with 12,558 stocks crossing the exchange. Calypso Macro Investment Fund dropped $1.05 to end at $20.75 after investors exchanged 1,800 units, Endeavour Holdings slipped 1 cent to close at $12.75 with 500 stocks changing hands, First Citizens Group ended at $48.50 with investors trading 2,767 units. FirstCaribbean International Bank ended at $7.01 with stakeholders trading 1,000 shares, GraceKennedy rose 8 cents in closing at $3.45 with a transfer of 1,100 stock units, L.J. Williams B share rallied 1 cent to $2.80, with 1,300 units clearing the market. Massy Holdings remained at $4.85 after 52,110 shares were traded, National Enterprises increased 16 cents to end at $3.61 while exchanging 127,225 stocks, 
One Caribbean Media rose 10 cents to $3.80 following 875 stock units crossing the market. Prestige Holdings ended at $8 with 19,000 stocks changing hands, Republic Financial fell $1 to $128 with trading of 28,797 stocks, Scotiabank gained 21 cents to close at $76.50 after a transfer of 652 shares. Trinidad & Tobago NGL ended at $18 with an exchange of 41,144 units, Unilever Caribbean popped 7 cents to close at $12.39 as investors exchanged 895 stocks and West Indian Tobacco shed 2 cents to close at $12.48 in switching ownership of 8,066 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage on the Trinidad Exchange
The Trinidad and Tobago Stock Exchange slipped at the close trading on Thursday, with the volume of stocks traded rising 17 percent and a 47 percent lower value than on Wednesday, resulting in 18 securities trading up from 14 on Wednesday, with four stocks rising, five declining and nine remaining unchanged.
Investors traded 542,264 shares for $7,313,998 compared with 463,089 units at $13,784,593 on Wednesday.
An average of 30,126 shares were traded at $406,333 compared with 33,078 shares at $984,614 on Wednesday. Trading month to date averages 17,324 shares at $221,099 compared to 16,363 units at $207,207 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index lost 2.16 points in closing at 1,224.58, the All T&T Index shed 4.17 points to end at 1,887.77, the SME Index slipped 1.14 points to 68.87 and the Cross-Listed Index ended unchanged at 72.05.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $69 while traders exchanged 4,529 shares, Angostura Holdings ended at $23.10 in trading 2,548 stock units, Ansa McAl slipped 5 cents to $50.95 with 369 units clearing the market, Ansa Merchant Bank ended at $49, with 3,126 stocks being traded. Endeavour Holdings declined 24 cents to close at $12.76 in an exchange of 240 shares, First Citizens Group advanced 50 cents to $48.50, with stakeholders exchanging 4,044 units, FirstCaribbean International Bank ended at $7.01 with investors trading 177 stocks. GraceKennedy remained at $3.37, with 195,288 stock units crossing the market, Guardian Holdings dipped 50 cents in closing at $18.50 after trading 200 stock units, Massy Holdings dropped 5 cents to close at $4.85 after 9,820 shares were exchanged.
National Enterprises increased 1 cent to $3.45 with an exchange of 259,801 units, National Flour Mills shed 9 cents in closing at $1.55 with shareholders swapping 2,000 stocks, Prestige Holdings ended at $8, with 600 stock units crossing the market. Republic Financial popped 25 cents to $129 with a transfer of 35,516 units, Scotiabank ended at $76.29 after an exchange of 1,200 shares, Trinidad & Tobago NGL ended at $18 after a transfer of 1,605 stocks, Unilever Caribbean rose 92 cents to $12.32 and closed with 21,001 units being traded and West Indian Tobacco ended at $12.50, with 200 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
SOS to split stocks into 9 units
Shareholders of Stationery and Office Supplies seem set to enjoy the benefit of splitting existing stock into nine ordinary shares for each they own to take effect and will result in the total number of shares jumping from 250.12 million units to 2.251 billion effective on July 25.
To accommodate the split, shareholders will be asked to vote on a resolution to be tabled at the company’s annual General meeting of July 25 to effect the split and will also be asked to vote to increase the number of shares to 500 billion units, with effect from July 25.
The shares of SOS that hit a record high of $34.98 on Wednesday closed at $33.89 on Thursday on the Junior Market of the Jamaica Stock Exchange.
Gains no losses on Trinidad Exchange
Gains no losses on Trinidad ExchangeTrading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 163 percent with a value that was 1,924 percent more than on Tuesday, resulting in just 14 securities trading compared with 16 on Tuesday, with the prices seven stocks rising, none declining and seven remaining unchanged.
Investors traded 463,089 shares for $13,784,593 versus 175,780 stock units at $681,147 on Tuesday.
An average of 33,078 units were traded at $984,614 compared to 10,986 shares at $42,572 on Tuesday, with trading month to date averaging 16,363 shares at $207,207 compared with 15,328 units at $159,048 on the previous day. The average trade for May amounts to 23,500 shares at 216,502.
The Composite Index popped 0.20 points to end at 1,226.74, the All T&T Index fell 1.44 points to 1,891.94, the SME Index remained unchanged at 70.01 and the Cross-Listed Index advanced 0.27 points to end at 72.05.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
Agostini’s ended trading at $69 after a transfer of 206 shares, Ansa McAl gained 5 cents to end at $51, with investors trading of 250,000 stock units, First Citizens Group closed at $48 in an exchange of 800 units, FirstCaribbean International Bank ended at $7.01 with stockholders trading 91 shares, GraceKennedy rose 9 cents to close at $3.37, with shareholders swapping 25,000 stocks, Guardian Holdings gained 5 cents to end at $19 and closed with 500 shares changing hands, Massy Holdings remained at $4.90 after an exchange of 33,312 units, National Enterprises climbed 4 cents to close at $3.44, with 149,344 stock units being traded, National Flour Mills remained at $1.64, with 609 stocks crossing the market, 
Prestige Holdings popped 4 cents to $8 after an exchange of 686 shares, Republic Financial rallied 35 cents to end at $128.75 in switching ownership of 658 stock units, Scotiabank advanced 4 cents and ended at $76.29 with investors transferring 1,502 units, Trinidad & Tobago NGL ended at $18 with an exchange of 310 stocks and Unilever Caribbean remained at $11.40 while investors traded 71 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Exchange ends trading lower
Stock prices mostly fell on the Trinidad and Tobago Stock Exchange on Tuesday, following closure on Monday for the Labour Day holiday with the volume of stocks traded declining 13 percent and resulting in the value falling 66 percent lower than on Friday with trading in 16 securities compared with 18 on Friday, with the prices of three stocks rising, eight declining and five remaining unchanged.
Investors traded 175,780 shares for $681,147 versus 201,743 stock units at $2,006,520 on Friday.
An average of 10,986 shares were traded at $42,572 compared to 11,208 at $111,473 on Friday, with trading month to date averaging 15,328 shares at $159,048 compared with 15,659 units at $167,923 on the previous day. The average trade for May amounts to 23,500 shares for $216,502.
The Composite Index dipped 0.51 points to 1,226.54, the All T&T Index declined 0.18 points to 1,893.38, the SME Index remained unchanged at 70.01 and the Cross-Listed Index slipped 0.12 points to 71.78.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s advanced 40 cents in closing at $69 in trading 444 shares, Ansa McAl remained at $50.95 after a transfer of 100 stock units, First Citizens Group shed 99 cents to close at $48 after 1,422 units were exchanged. GraceKennedy gained 3 cents to end trading at $3.28 with investors transferring 80,300 stocks, JMMB Group ended at $1.35, with 52,300 stocks crossing the market, L.J. Williams B share fell 1 cent to $2.79 as investors exchanged 50 units. Massy Holdings declined 5 cents to close at $4.90 with shareholders swapping 20,957 stock units, National Enterprises remained at $3.40, with 16,753 shares clearing the market, National Flour Mills lost 1 cent to end at $1.64, with 65 stock units changing hands. 
One Caribbean Media ended at $3.70 in switching ownership of 50 stocks, Prestige Holdings dipped 4 cents and ended at $7.96 with an exchange of 468 units, Republic Financial dropped 66 cents to close at $128.40 while exchanging 273 shares. Scotiabank fell 25 cents to $76.25 after an exchange of 193 shares, Trinidad & Tobago NGL rose 12 cents to end at $18 with a transfer of 110 stock units, Unilever Caribbean ended at $11.40 after 1,766 stocks were traded and West Indian Tobacco declined 2 cents to $12.50 in an exchange of 529 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading slipped on Trinidad Exchange
Trading levels slipped on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 18 percent with the value just 5 percent lower than on Thursday and resulted in 18 securities trading compared with 15 on Thursday, with five stocks rising, four declining and nine remaining unchanged.
Investors exchanged 201,743 shares for $2,006,520 versus 245,649 stock units at $2,109,492 on Thursday.
An average of 11,208 shares were traded at $111,473 compared to 16,377 units at $140,633 on Thursday, with trading month to date averaging 15,659 shares at $167,923 versus 16,076 units at $173,217 on the previous day. The average trade for May was an average of 23,500 shares at $216,502.
The Composite Index dipped 6.14 points to 1,227.05, the All T&T Index drifted 8.45 points lower to end at 1,893.56, the SME Index remained unchanged at 70.01 and the Cross-Listed Index slipped 0.51 points to 71.90.
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 shed 40 cents in closing at $68.60 after a transfer of 150 units, Angostura Holdings remained at $23.10 with investors trading 835 stock units, Ansa Merchant Bank ended at $49 in trading 24 units, Endeavour Holdings ended at $13 after 151 stock units were exchanged. Firstcaribbean International Bank closed at $7.01 with stakeholders exchanging 2,000 shares, First Citizens Group gained 9 cents to close at $48.99, with 4,066 stock units clearing the market, GraceKennedy fell 24 cents to end at $3.25 after 13,500 shares crossed the exchange, Guardian Holdings dipped 5 cents in closing at $18.95, with 10,464 units passed through the market. Guardian Media ended at $2.30 with stakeholders swapping 43 stocks, JMMB Group ended at $1.35 with an exchange of 10,000 shares, Massy Holdings advanced 1 cent in ending at $4.95, with 117,506 stock units crossing the market, 
National Enterprises closed at $3.40, with trading of 27,732 units. One Caribbean Media ended at $3.70 in an exchange of 275 shares, Republic Financial rose 13 cents to $129.06, with 2,719 units changing hands, Scotiabank ended at $76.50 with an exchange of 4,700 stocks. Trinidad & Tobago NGL climbed 13 cents to end at $17.88, with 5,893 stocks crossing the exchange, Unilever Caribbean lost 5 cents to close at a 52 weeks’ low of $11.40 with a transfer of 1,005 units and West Indian Tobacco rallied 4 cents in closing at $12.52, with 680 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
