Trading on the Trinidad and Tobago Stock Exchange on Wednesday resulted in an exchange of 90 percent more shares, with 169 percent higher value than on Tuesday and ended with more stocks declining than rising at the close.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 20 securities traded compared to 19 on Tuesday, with five rising, eight declining and seven remaining unchanged. The Composite Index slipped 0.33 points to 1,518.84, the All T&T Index dipped 2.14 points to 2,126.68 and the Cross-Listed Index gained 0.22 points to end at 121.71.
A total of 595,593 shares traded for $12,852,172 compared to 313,686 units at $4,784,210 on Tuesday. An average of 29,780 units traded at $642,609 compared to 16,510 shares at $251,801 on Tuesday, with trading month to date averaging 59,162 units at $554,674 versus 64,457 units at $538,719. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s ended unchanged at $46 trading 900 shares, Angostura Holdings shed $1.50 to end at $18.50 while exchanging 1,002 units, Clico Investment Fund gained $1.30 to close at $31.30 with the swapping of 63,431 stocks. First Citizens Group fell 4 cents to $64.45 after an exchange of 19 stock units, GraceKennedy rallied 34 cents to $6.16, with 96 stock units clearing the market, Guardian Holdings fell 1 cent to $29.75 in an exchange of 10,000 stocks. JMMB Group dropped 20 cents to close at $2.30 trading 100 shares, L.J. Williams B share remained at $1.84 after exchanging 15,000 units, Massy Holdings rose 1 cent to $106, with 24,363 shares crossing the market.
National Flour Mills finished at $1.87 in exchanging 400 stocks, NCB Financial Group remained at $8 after 239,394 units crossed the exchange, One Caribbean Media finished at $4.15 in exchanging 1,688 stock units. Point Lisas ended unchanged at $3.27 in trading 2,000 shares, Prestige Holdings ended at $7 after 5,395 stocks changed hands, Republic Financial Holdings advanced 64 cents to close at $143.50 with an exchange of 236 stock units. Scotiabank lost 1 cent in ending at $72 after switching ownership of 14,447 units, Trinidad & Tobago NGL popped $1.75 to close at $21 with 94,332 units crossing the market, Trinidad Cement declined 10 cents to $3.80 with 7,500 stocks changing hands. Unilever Caribbean lost 10 cents to end at $15.90 in trading 3,955 shares and West Indian Tobacco dropped 6 cents in closing at 52 weeks’ low of $26, with 111,335 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Nineteen securities traded compared to 20 on Monday, with five rising, five declining and nine remaining unchanged.
Guardian Holdings popped 1 cent to $29.76 after finishing trading of 6,562 stock units, JMMB Group remained at $2.50, with 13,373 shares changing hands, Massy Holdings slipped 1 cent to end at $105.99, with 9,888 shares crossing the exchange. National Flour Mills ended at $1.87 after exchanging 15,532 units, NCB Financial Group finished trading 218,979 stock units at $8, One Caribbean Media remained at $4.15 with an exchange of 2,035 stocks. Prestige Holdings dropped 4 cents to $7 after 2,440 stocks passed through the market, Republic Financial Holdings ended unchanged at $142.86 in trading 3,510 units, Scotiabank ended in switching ownership of 6,624 stock units at $72.01. Trinidad & Tobago NGL lost 72 cents to close at $19.25 with the swapping of 1,801 shares, Trinidad Cement gained 10 cents after ending at $3.90 in exchanging 450 stock units, Unilever Caribbean remained at $16 with the swapping of 2,680 shares and West Indian Tobacco finished trading of 21,645 units at $26.06.
Twenty securities traded against 18 on Friday, with rising and declining stocks ending with five each and 10 ended unchanged.
GraceKennedy ended unchanged at $6.20, with 72,065 shares clearing the market, Guardian Holdings fell 25 cents to close at $29.75 while exchanging 7,635 units, JMMB Group gained 15 cents in closing at $2.50 in trading 424 units. Massy Holdings ended at $106 with the swapping of 26,169 shares, National Enterprises finished at $3.25 after exchanging 1,513 stock units, NCB Financial Group remained at $8 with 341,230 stocks changing hands. One Caribbean Media shed 5 cents to $4.15 with an exchange of 45 stock units, Point Lisas remained at $3.27 in exchanging 65,000 units, Republic Financial Holdings dropped 14 cents in ending at $142.86 after an exchange of 16,765 stocks. Scotiabank finished at $72.01, with 439 shares crossing the exchange, Trinidad & Tobago NGL climbed 47 cents to end at $19.97 in switching ownership of 15,454 shares, Trinidad Cement rose 5 cents in closing at $3.80 with an exchange of 38,019 units. Unilever Caribbean ended unchanged at $16 in exchange of 600 stock units and West Indian Tobacco finished at $26.06 trading 1,082 stocks.
On the surface, the Junior Market has had a full recovery from the 2020 Covid-19 induced collapse that saw the index collapsing from 2,900 points at the end of February to 2,534 points on March 6 and bottoming out at 2,031.79 points on March 18 for a plunge of 39 percent from the start of 2020, and much more after peaking at 3,662 points in mid-August 2019.
While the Junior Market has made great strides since hitting the 2020 low, the same is not the case for the heavily financially weighted Main Market that continues to be mired in depression following the initial sharp fall in March 2020 when the market fell precipitously to 375,091.09 points on the All Jamaican Composite Index from 529,722.22 at the end of February, for a 29.2 percent decline. As o Friday last the market is only up 20 percent from the March 2020 market bottom and 15 percent below the end of February 2020 level, and still well below the all-time high of 584,697.71 it closed on August 8, 2019. The major reason for the prolonged decline is primarily due to falling in stocks such as a Jamaica Stock Exchange, Kingston Wharves, NCB Financial, PanJam Investment, Proven Investments, Palace Amusement, Sagicor Group, Sagicor Select Funds, Scotia Group, Supreme Ventures, Sygnus Credit Investments, Wighton Windfarm. Strong gains in Barita Investments, Grace Kennedy, Caribbean Cement, Caribbean Producers, Salada Foods, Seprod and Radio Jamaica could not negate the effect of the big decliners.
Trading ended with 18 securities changing hands compared to 16 on Thursday. The Composite Index rose 3.06 points to 1,518.15, the All T&T Index increased 3.65 points to end at 2,124.06 and the Cross-Listed Index advanced 0.34 points to settle at 121.91.
GraceKennedy popped 10 cents in closing at $6.20 in an exchange of 74,135 stocks, Guardian Holdings rallied 25 cents to $30 in trading 150 stock units, JMMB Group gained 5 cents to close at $2.35 after exchanging 27,237 stocks. Massy Holdings remained at $106 in switching ownership of 15,994 shares, National Flour Mills dropped 3 cents to $1.87, with 5,000 units changing hands, NCB Financial Group finished at $8 with 344,072 stock units clearing the market. Republic Financial Holdings ended unchanged at $143 after 1,061 stocks crossed the exchange, Scotiabank finished at $72.01 with the swapping of 604 stock units, Trinidad & Tobago NGL ended unchanged at $19.50 with an exchange of 23,846 units. Trinidad Cement remained at $3.75 after trading 235 shares, Unilever Caribbean advanced 5 cents to end at $16 with an exchange of 90 stock units and West Indian Tobacco finished at $26.06 trading 18 shares.
GraceKennedy finished at $6.10 with an exchange of 48,271 shares, Guardian Holdings shed 25 cents to close at $29.75 after 7,980 stock units cleared the market, JMMB Group ended at $2.30 after exchanging 3,381,000 units. Massy Holdings remained at $106 while exchanging 18,240 stock units, NCB Financial Group finished at $8 in swapping 186,740 stocks, One Caribbean Media rallied 10 cents to $4.20 after exchanging 20,200 shares. Republic Financial Holdings finished at $143 in an exchange of 2,128 stock units, Scotiabank ended at $72.01 after trading at 475 stocks, Trinidad & Tobago NGL fell 49 cents to $19.50 with an exchange of 300 shares and West Indian Tobacco shed 54 cents to $26.06 in trading 15,647 units.
The Composite Index dipped 1.62 points to 1,516.49, the All T&T Index rallied 0.27 points to 2,126.80 and the Cross-Listed Index slipped 0.51 points to settle at 121.02.
Guardian Holdings popped 15 cents to close at $30 after exchanging 12,000 units, JMMB Group shed 4 cents ending at $2.30 trading 65,122 stocks, Massy Holdings ended at $106 with 9,577 stock units changing hands. National Flour Mills dipped 1 cent to $1.90 in trading 3,928 stocks, NCB Financial Group ended at $8 with the swapping of 606,255 shares, Republic Financial Holdings remained at $143 after trading 32 units. Trinidad & Tobago NGL advanced 99 cents to close at $19.99 while exchanging 10,409 shares, Trinidad Cement ended unchanged at $3.75 in exchanging 26,425 units, Unilever Caribbean fell 5 cents to $15.95 and ended trading of 10,040 stock units and West Indian Tobacco rose 59 cents to end at $26.60, with 436 stocks changing hands.
JMMB Group declined 1 cent to $2.34 with 5,319 stocks clearing the market, L.J. Williams B share gained 4 cents to end at $1.84 with an exchange of 1,621 shares, Massy Holdings finished at $106 in exchanging 9,524 units. National Flour Mills rallied 4 cents to $1.91 after exchanging 15 units, NCB Financial Group finished at $8 after 19,842 stocks crossed the market, One Caribbean Media remained at $4.10 in an exchange of 1,999 stock units. Point Lisas ended unchanged at $3.27 in trading 200 shares, Republic Financial Holdings advanced $1 to close at $143 after trading 62,644 stocks, Scotiabank popped 1 cent to $72.01 in switching ownership of 800 units. Trinidad & Tobago NGL declined 99 cents in closing at $19 after 2,001 stock units passed through the exchange, Trinidad Cement gained 1 cent to end at $3.75 while exchanging 7,000 shares, Unilever Caribbean ended unchanged at $16 after trading 129 shares and West Indian Tobacco lost $1.49 to end at a 52 weeks’ low of $26.01 in an exchange of 406 stocks.
L.J. Williams B share advanced 8 cents to $1.80 after the trading of 3,379 units, Massy Holdings ended at $106 in an exchange of 34,668 stock units, National Enterprises climbed 13 cents to end at $3.25 after exchanging 315 stocks. NCB Financial Group shed 1 cent to end at $8, with 300,855 shares clearing the market, One Caribbean Media shed 10 cents to $4.10 trading 5,001 units, Point Lisas remained at $3.27 after exchanging 152,249 stocks. Prestige Holdings popped 4 cents to close at $7.04 after 30 shares crossed the market, Republic Financial Holdings popped 66 cents to $142, with1,000 stock units crossing the exchange, Scotiabank finished at $72 after clearing the market with 3,431 stocks. Trinidad & Tobago NGL ended at $19.99 after trading 10,007 stock units, Unilever Caribbean remained at $16 with 1,589 shares changing hands and West Indian Tobacco ended at $27.50 in trading 1,595 units.
Massy Holdings popped 1 cent to end at $106 after trading 33,076 units, National Enterprises fell 13 cents to close at $3.12 after exchanging 700 stocks, National Flour Mills remained at $1.87 after 62,410 stock units changed hands. NCB Financial Group popped 1 cent higher in closing at $8.01, with 289,219 stock units crossing the market, Point Lisas rallied 2 cents to end at $3.27 trading 80,200 stocks, Prestige Holdings fell 5 cents to $7, with 10,000 shares changing hands, Republic Financial Holdings gained 4 cents in closing at $141.34 after trading 2,786 units, Scotiabank ended at $72 with 2,112 units crossing the market, Trinidad & Tobago NGL finished at $19.99, with 3,030 stock units crossing the market. Trinidad Cement declined 6 cents to end at $3.74 after 7,426 shares crossed the exchange, Unilever Caribbean increased 25 cents to $16 with 20 stocks changing hands and West Indian Tobacco lost 48 cents in closing at $27.50 after trading 3,999 stocks.
