Market activity ended on Monday after investors traded 54 percent more shares with a value that was 72 percent lower than on Friday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading ended with 19 securities changing hands with the prices of three stocks rising, six declining and 10 remaining unchanged. At the close, the Composite Index climbed 1.29 points to settle at 1,425.54, the All T&T Index added 0.05 points to close at 1,934.78 and the Cross-Listed Index rose 0.37 points to settle at 123.42.
The market closed with an exchange of 411,712 shares, accounting for $2,143,953 compared to 266,699 units at $7,531,138 on Friday.
An average of 21,669 units traded for the day at $112,858 in contrast to an average of 14,037 at $396,376 on Friday. An average of 17,703 units valued at $232,597 traded for the month to date, in contrast to 17,273 units at $245,597. The average volume and value for the previous month were 20,941 units valued at $221,079. Investor’s Choice bid-offer indicator reading for the Trinidad and Tobago market shows two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close, Agostini’s remained at $24.40 with an exchange of 5,000 shares, Angostura Holdings shed 3 cents to close at $16.45 swapping 25 units, Ansa McAl remained at $59 having swapped 83 stock units. Clico Investment Fund advanced by 10 cents to $27.11 exchanging 1,493 shares, Endeavour Holdings remained at $7.01 in trading 50 stock units, First Citizens Bank remained at $50 trading 765 units. GraceKennedy declined 5 cents to $6.35 exchanging 87,049 shares, Guardian Holdings dipped 5 cents to $32.90 in trading 10,827 units, Guardian Media remained at $3.10 having swapped 2,246 stock units. JMMB Group popped 11 cents to $2.22 trading 240,004 shares, Massy Holdings rose 25 cents to a 52 weeks’ high of $82 with an exchange of 314 units, National Flour Mills remained at $2 swapping 6,925 stock units. NCB Financial Group ended at $7.99 trading 20,500 shares, One Caribbean Media closed at $4.50 in trading 1,607 units, Prestige Holdings dipped 10 cents to $7.40 with an exchange of 4,000 stock units. Trinidad & Tobago NGL lost 26 cents closing at $17.74 after exchanging 4,962 units, Trinidad Cement lost 29 cents to close at $3.51 in swapping 20,197 stock units, Unilever Caribbean remained at $16.40 having swapped 5,619 shares and West Indian Tobacco closed at $32 in trading 46 shares
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The financial performance saw a marked about turn for Medical Disposables & Supplies in the June quarter this year from a loss after tax of $7 million in 2020, into the black, with profit after taxation hitting $25.5 million, after with taxation amounting to $3.6 million, from an increase of 33.8 percent in sales revenue to $683 million, from $511 million in 2020.
The 2021 revenue performance not only beat that of 2020 but also the $557 million as well as the $16 million in profit in the June 2019 quarters and appears to be fully back on track from the dislocation experienced last year with the advent of Covid-19. The operations of the new subsidiary have not commenced a note to the financials states. Kurt Boothe Managing Director explained that MDS acquired the assets of the former company and at the time of the quarter end had not yet started trading as they were in the process of focussing on various systems to ensure a smooth and efficient running of the operations once they get started, which should be during the course of the second quarter ending September.“This increase in sales is the result of increased consumer demand for pharmaceutical and medical disposable items,” Kurt Boothe, General Manager stated in his commentary on the financials. Gross profit was up 56.4 percent to $177 million from $113 million over the previous year “mostly attributable to the increase in sales of pharmaceutical and medical disposable products,” Boothe stated. Growth in gross profit also was the impact of better margins which moved up to 25.9 percent from just 22.1 percent in 2020.
Total operating expenses increased by 13.2 percent from $113.4 million in 2020 to $128.4 million in 2021. Administrative expenses rose 24.5 percent to $63 million in the quarter from $50 million. Although sales shot up sharply selling and promotional expenses increased by a mere 4.5 percent to $58.6 million, the cost is this area is mostly for distribution and delivery of goods Botyhe indicated as such increased volume sales do not necessarily mean increased cost as vehicles may be able to transport more goods per trip than before as such they benefit from economies of scale. Finance cost jumped to $17 million from $12 million in 2020, partially due to the funding of the acquisition of the subsidiary.
Kurk Boothe – Medical Disposables Managing Director
The company operations generated a gross cash flow of $36 million but growth in receivables, inventories offset by increased payables saw inflows just balancing out. Net borrowings and investment in its new subsidiary resulted in a $37 million cash surplus for the period.
At the end of the quarter, Current assets ended at $1.63 billion including, inventories $910 million, trade and other receivables of $424 million, cash and bank balances of $111 million. Current liabilities ended the period at $1.09 billion. Net current assets ended the period at $540 million. Shareholders’ equity stood at $1.04 billion with long termborrowings at $324 million and short term at $402 million. Boothe indicated that he is optimistic that the trend seen so far will continue for the rest of the financial year. Earnings per share came out at 10 cents for the quarter, with a loss of 3 cents for the 2020 period. IC Insider.com forecast is 80 cents per share for the fiscal year. The stock traded at $4.98 on the Junior Market of the Jamaica Stock Exchange on Friday, with a PE of 6 times the current year’s earnings and compares favourably, with the market average of 12.7. Net asset value is $3.96 with the stock selling at a 26 percent premium to the book value, well below the average for the rest of the market.
Investors pumped 188 percent more funds into the stock market on Friday and exchanged 121 percent more shares than they did on Thursday at the close on the Trinidad and Tobago Stock Exchange and leading the market indices into a mild rally.
A total of 19 securities changed hands down from 20 on Thursday and leading five stocks higher, four lower than the prior day, while 10 closed unchanged.
The Composite Index popped 0.52 points to 1,424.25, the All T&T Index rose 0.60 points to 1,934.73 and the Cross-Listed Index rallied 0.06 points to 123.04.
A total of 266,699 shares changed hands for $7,531,138, up from 120,821 units at $2,613,965 on Thursday. An average of 14,037 units traded at $396,376 compared to 6,041 at $130,698 on Thursday. The average trade for the month to date amounts to 17,273 shares at $245,597 compared to 17,667 units at $227,233. The average trade for July ended at 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Agostini’s traded 111 shares at $24.40, Ansa Merchant Bank rose 50 cents in an exchange of 500 shares at $41, Clico Investment Fund fell 48 cents to $27.01, with 136 stocks crossing the exchange. FirstCaribbean International Bank traded 15,328 shares at $6.50, First Citizens Bank closed at $50 in trading 71,161 units, GraceKennedy ended at $6.40 after an exchange of 8,576 stocks. Guardian Holdings rallied 45 cents to $32.95, with 83,870 shares crossing the market, Guardian Media rose 20 cents to $3.10 trading 23,489 shares, JMMB Group rallied 1 cent to $2.11 in trading 3,046 units. Massy Holdings ended at $81.75 while exchanging 2,690 stock units, National Enterprises had an exchanged of 47 shares at $3.90, National Flour Mills ended at $2, with 12,410 stocks changing hands. NCB Financial Group dipped 1 cent to $7.99 trading 35,584 shares, One Caribbean Media traded 4,000 and gained 30 cents to end at $4.50, Prestige Holdings closed at $$7.50 with 43 shares changing hands, Republic Financial Holdings dipped 37 cents to $135.57 in an exchange of 2,879 units, Trinidad & Tobago NGL popped 50 cents to $18 with 1,274 stock units clearing the market. Trinidad Cement lost 10 cents after 165 shares were traded at $3.80 and Unilever Caribbean closed at $16.40 after trading 1,390 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
It was difficult to understand the factors driving a pile of investors into Salada Foods shares after the stock split at prices as high as $10, even after the second quarter results were posted, showing strong increases for revenues and profits in that quarter.
Alert investors would have found that the big jump in the second quarter’s performance was due to the underperformance in the first quarter. Unfortunately, the company directors did not help investors to understand what was going on. Many investors will learn that when companies’ products are sold through distributors, sales can be jerky for the producers while the distributors can be showing a totally different picture. That seems to be what happened at Salada, where the second quarter sales fill the void left in the December quarter when sales were low.
The latest quarterly report has leveled the playing field and many investors are going to weep for not heeding the suggestion that the stock was highly overvalued. Sales in the third quarter popped 17 percent to $311 million, from $257 million in 2020. For the nine months to June, sales rose just 9 percent to $890 million from $920 million in 2020. Profit after tax climbed 53 percent to $51 million for the current year’s June quarter compared to $24 million in 2020 and for the nine months this year, it rose an impressive 225 percent to $115 million from a mere $36 million in 2020. Gross profit margin rose in the June quarter to 32.97 percent, with the year to date ending at 30.4 percent as gross profit rose 29 percent in the quarter to $102 million from $79 million 17 percent for the year to date, to $271 million from $231 million in 2020.
Coffee plant
Administrative expenses varied marginally than in the prior year, ending at $31.2 million in the quarter from $30.3 million in 2020 and slipping in the nine months to $96.7 million from $897.5 million in 2020. Marketing and sales expenses were effectively flat at $13 5 million versus $13.4 million in the 2020 June quarter and down sharply in the nine months to $36 million from $46.7 million last year. Net finance income saw a positive contribution in the June 2021 quarter of $8.6 million compared to a loss of $3.6 million in 2020 and $15 million in the nine months to June of $15 million from a loss of $12.5 million in 2020. Taxation rose to $16 million in the June 2021 quarter from $6 million last year and $38.5 million in the nine months to June this year from $12.5 million in 2020. Gross cash flow brought in $174 million, but increased investments and additions to fixed assets and the paying of $108 million in dividends resulted in net outflows of $4 million. At the end of June, Current assets amounted to $964 million, with inventories of $487 million, receivables of $159 million, cash and bank balances of $167 million and investments of $151 million. Current liabilities ended the period at $256 million. Net current assets closed the period at $707 million while shareholders’ equity stood at $964 million with no long borrowed funds used to finance the operations. In addition to investments in current assets, is $105 million classified under non-current assets. Earnings per share came out at 5 cents for the quarter and 11 cents for the year to date. IC Insider.com is forecasting 17 cents per share for the fiscal year with a PE of 46 times, current year’s earnings.
The stock traded at $7.79 on the Main Market of the Jamaica Stock Exchange. Net asset value is 93 cents, with the stock selling at 8.6 times book value.
Rising stocks held the upper hand over those declining at the trading Thursday on another day when 20 securities changed hands leading to six stocks rising and two declining and the market Indices ending with minor changes in another moderate trading session on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
The Composite Index slipped 0.04 points to 1,423.73, the All T&T Index popped 0.02 points to 1,934.13 and the Cross-Listed Index dipped 0.01 points to 122.99.
A total of 120,821 shares traded, for $2,613,965 down from 188,408 units at $$3,382,447 on Wednesday. An average of 6,041 units traded at $130,698 compared to 9,420 at $169,122 on Wednesday. The average trade for the month to date amounts to 17,667 shares at $227,233 versus 19,376 units at $241,429. The average trade for July amounts to 20,941 units at $221,079. Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s traded 20 shares at $24.40, Angostura Holdings ended with an exchange of 900 stock units at $16.48, Ansa McAl picked up 1 cent in an exchange of 88 shares at $59, Ansa Merchant Bank saw trading in 550 shares at $41, Calypso Macro Investment Fund closed at $16.50 after an exchange of 415 stock units, Clico Investment Fund rose 59 cents to $27.49, with 18,175 stocks changing hands. FirstCaribbean International Bank traded 5 shares at $6.50, First Citizens Bank closed at $50 trading 20,066 units, GraceKennedy ended at $6.40 with an exchange of 480 stock units. Guardian Holdings dipped 1 cent to $32.50, with 15,067 shares crossing the market, JMMB Group rallied 2 cents to $2.10 in trading 3,490 units. Massy Holdings ended at $81.75 while exchanging 1,210 stock units, National Enterprises ended at $3.90 after exchanging 10 shares, National Flour Mills lost 5 cents at $2, with 25,287 stocks changing hands. NCB Financial Group picked up 1 cent to end at $8 in trading 20,000 shares, Scotiabank popped 10 cents to $59 in an exchange of 1,600 units, Trinidad & Tobago NGL popped 50 cents to $18 with 7,749 stock units clearing the market. Trinidad Cement had trading in 5,325 shares at $3.90, Unilever Caribbean closed at $16.40 in trading 138 shares and West Indian Tobacco remained at $32 with an exchange of 246 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks shared the honors with sliding stocks on Wednesday after 20 securities changed hands leading to an equal number of six stocks rising and falling, with the market Indices declining at the close of a moderate trading session on the Trinidad and Tobago Stock Exchange.
Trading ended, with rising and declining stocks accounting six each while eight remained unchanged. GraceKennedy and Massy Holdings closed trading at 52 weeks’ highs.
The Composite Index fell 3.80 points to 1,423.77, the All T&T Index popped 0.95 points to 1,934.11 and the Cross-Listed Index dipped 1.25 points to 123.00.
A total of 188,408 shares traded, for $3,382,447 down from 214,446 units on Tuesday with a value of $3,734,861 An average of 11,914 units traded at $207,492 compared to 56,886 at $512,921 on Tuesday. The average trade for the month to date amounts to 19,376 shares at $241,429 versus 21,093 units at $253,895. The average trade for July amounts to 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Agostini’s slipped 15 cents to $24.40, trading 2,000 shares, Ansa McAl slipped 1 cent in an exchange of 79 shares at $58.99, Calypso Macro Investment Fund recovered the 34 cents lost on Tuesday to close at $16.50 after exchanging 3 stock units, Clico Investment Fund fell 50 cents to $27, with 507 stocks changing hands. Endeavour Holdings traded 9 shares at $7.01, First Citizens Bank dipped 10 cents to $50 trading 726 units, GraceKennedy rose 5 cents to end at a 52 weeks’ high of $6.40 with an exchange of 1,702 stock units. Guardian Holdings popped 1 cent to $32.51, with 10,409 shares crossing the market, Guardian Media closed at $2.90 after trading 482 stocks, JMMB Group rallied 3 cents to $2.08 in trading 13,704 units. Massy Holdings popped 60 cents to a 52 weeks’ high of $81.75 while exchanging 10,000 stock units, National Enterprises ended at $3.90 after exchanging 11,999 shares, National Flour Mills remained at $2.05, with 6,337 stocks changing hands. NCB Financial Group fell 26 cents to $7.59 in trading 53,364 shares, Republic Financial Holdings recovered Tuesday’s 37 cents loss to close at $135.94 after 831 stocks crossed the exchange,Scotiabank slipped 10 cents to $58.90 in an exchange of 2,984 units, Trinidad & Tobago NGL ended at $17.50 with 60,900 stock units clearing the market. Trinidad Cement saw trading in 900 shares at $3.90, Unilever Caribbean closed at $16.40 in trading 8,378 shares and West Indian Tobacco remained at $32 with an exchange of 3,094 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated
Stocks trading with prices unchanged dominated market activity on Tuesday, after 79 percent fewer shares traded worth 60 percent less in value than the stocks changing hands on Monday, resulting in more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 18 securities traded on Tuesday, similar to trading on Monday, with two stocks rising, six declining and 10 closing unchanged. The Composite Index dipped 2.87 points to 1,427.57, the All T&T Index slipped 4.55 points to 1,933.16 and the Cross-Listed Index dipped 0.15 points to 124.25.
A total of 214,446 shares were traded for $3,734,861, down from 1,023,941 units at $9,232,576 on Monday. An average of 11,914 units traded at $207,492 compared to 56,886 at $512,921 on Monday. The average trade for the month to date amounts to 21,093 units at $253,895 versus 22,779 units at $262,418. The average trade for July amounts to 20,94 units at $221,079. 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, Angostura Holdings ended at $16.48, with 4,517 shares crossing the market, Calypso Macro Investment Fund dropped 34 cents in closing at $16.16 after an exchange of 170 stock units, Clico Investment Fund ended trading 52,801 stocks at $27.50, with changing hands. First Citizens Bank remained at $50.10 trading 724 units, 756 shares of FirstCaribbean International Bank were exchanged at $6.50, GraceKennedy closed at $6.35 with trading 54,136 stock units. Guardian Holdings dropped 75 cents to $32.50, with 8,635 shares crossing the market, Guardian Media fell 20 cents in ending at a 52 weeks’ low of $2.90 after trading 475 stocks, JMMB Group declined 3 cents to $2.05 in trading 2,875 units. Massy Holdings popped 15 cents to $81.15 while exchanging 1,621 stock units, National Enterprises remained at $3.90 after exchanging 22,351 shares, National Flour Mills remained at $2.05 in switching ownership of 5,285 stocks. Republic Financial Holdings shed 37 cents to close at $135.57 after 238 stocks crossed the exchange Scotiabank remained unchanged at $59 in an exchange of 7,117 units, Trinidad & Tobago NGL ended at $17.50 with 14,538 stock units clearing the market. Trinidad Cement declined 6 cents to $3.90 with the swapping of 9,250 shares, Unilever Caribbean gained 5 cents to end at $16.40 in trading 21,422 shares and West Indian Tobacco remained at $32 with an exchange of 7,535 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors were more active in trading on Monday, with an exchange of 750 percent more shares changing hands, with the value ending 477 percent higher than on Friday, resulting in more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 18 securities traded, down from 19 on Friday, with five rising, two declining and 11 ending unchanged. The Composite Index gained 2.95 points to end at 1,430.44, the All T&T Index dropped 7.32 points to 1,937.71, the Cross-Listed Index rose 1.95 to 124.40.
A total of 1,023,941 shares traded for $9,232,576, with just 120,433 units trading at $1,598,791 on Friday. An average of 56,886 units traded at $512,921 compared to 6,339 at $84,147 on Friday. The average trade for the month to date amounts to 22,779 units at $262,418 versus 15,105 units at $206,055. The average trade for July amounts to 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s closed at $24.55 in trading 5,020 shares, Angostura Holdings ended at $16.48 after 214 stock units crossed the market, Ansa McAl exchanged 119 shares at $59, Clico Investment Fund jumped 70 cents to $27.50 after exchanging 13,392 stock units. First Citizens Bank remained at $50.10, trading 168 stock units. FirstCaribbean International Bank closed trading at $6.50 after exchanging 45,150 stock units, GraceKennedy rose 5 cents to $6.35 in switching ownership of 4,717 units, Guardian Holdings closed at $33.25 in trading 365 units, Massy Holdings closed at $81 while exchanging 3,734 stocks, NCB Financial Group rallied 25 cents to $8.25 after trading 429,646 shares. National Flour Mills remained at $2.05, with an exchange of 224,823 stocks. One Caribbean Media ended at $4.20 after gaining 5 cents with 120,052 units changing hands, Republic Financial Holdings fell $2.06 to $1335.94 after exchanging 1,260 shares. Scotiabank closed at $59, after trading at 9,817 shares, Trinidad & Tobago NGL slipped 22 cents to $17.50 while exchanging 11,656 stock units, Trinidad Cement rose 6 cents to $3.96, with 65 stocks changing hands, Unilever Caribbean settled at $16.35 with the swapping of 144,571 stock units and West Indian Tobacco remained at $32 with an exchange of 8,172 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Trinidadian based Republic Financial Holdings put in a spirited performance in the third quarter to June this year, with profit rising an impressive 54 percent after tax to $378 million from $245 million to June 2020, with profit due to shareholders of the company climbing to $349 million, up 51 percent from $231 million in 2020. Profit rose an impressive 32 percent after tax to $1.13 billion from $854 million for the nine months to June 2020, with profit due to company shareholders of $1.04 billion up 34 percent from $774 million in 2020.
While operating revenues, net of interest cost jumped 15 percent to $1.43 billion, operating expenses rose a mere 2 percent from $820 million to $837 million, resulting in operating profit popped 39 percent to $595 million, after $1.4 million in contribution from associated companies. Amounts set aside for credit losses rose from $74 million to $107 million in the quarter, pushing pretax profit up 37 percent to $487 million from $355 million. Taxation for the quarter was relatively flat with that of 2020, at $110 million.
For the nine months to June, operating revenues net of interest expense inched to $4.3 billion from $4.23 billion. Operating expenses slipped marginally from $2.574 million to $2.559 billion and operating profit rose 6 percent to $1.76 billion from $1.656 billion, with $4 million in contribution from associated companies in both years. Provision for credit losses moved from $346 million to $382 million in the nine months, putting pretax profit up 26 percent to $1.5 billion from $1.2 billion. Taxation for the period ended at $382 million, up from $346 million in 2020.
While profit shows good improvement over 2020, it lags 2019 earnings by a small margin, but things generally seem to be improving, with 2022 likely to see a move forward for profit. The group earned $6.37 per share for the nine months period. Management did not think it important to provide investors with the earnings per share for the quarter and did not report it. Based on the issued shares of 162.53 million units, earnings per share for the June quarter amounts to $2.15. The group should end up earning around $9 per share for the year and now trades around 15 times the current year’s earnings at the last traded price of $138 on the Trinidad and Tobago Stock Exchange.
While the overall numbers appear to be a good turnaround from a Covid-19 impact in 2020, the group that operates within Trinidad and the wider Caribbean and Ghana in Africa showed mixed fortunes in the various locations. Segment profit rose a strong 43 percent from $516 million in the home country to $739 million in 2021, with flat operating income of $2.04 billion. Barbados contributed profit of $178 million on revenues of $421 million, up from a profit of $139 in 2020 from revenues of $403 million. Revenues and profits were down in Suriname, with revenues falling from $155 million to $122 million and profit collapsing from $46 million down to $17 million. The Eastern Caribbean was slightly better, with revenues rising from $488 million to $501 million but profit suffered from a reduction from $177 million to $145 million. Guyana suffered a reduction in both revenues and profit as operating income declined from $296 million to $282 million and profit fell to $124 million from $143 million. The Cayman Islands division enjoyed a slight bounce in operating revenues of $485 million from $482 in 2020, with profit surging from $100 million to $166 million. The British Virgin Islands operations that were acquired from Scotiabank in 2020 delivered $110 million in operating revenues with none in 2020 and achieved a profit of $29 million. Ghanadelivered a profit of $118 million from $77 million in 2020, with revenues that rose from $318 million in 2020 to $356 million. Republic controls assets of $108 billion with shareholders’ equity of $10.7 billion. Customer deposits amount to $92 billion and loans advanced of $55 billion, Investment securities amount to $19 billion.
Most stocks changing hands remained unchanged at the end of Friday, but price movements of rising stocks were strong enough to overcome the strength of those declining and led to a rise in the main indices, after investors traded 59 percent fewer shares, carrying 79 percent lower value than on Thursday, at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 19 securities traded compared to 18 on Thursday, with three rising, five declining, while 11 ended unchanged. The Composite Index popped 5.04 points to settle at 1,427.49, the All T&T Index spiked 9.76 points to 1,945.03 and the Cross-Listed Index remained unchanged at 122.45.
A total of 120,433 shares traded for $1,598,791, compared to 292,578 units at $7,698,212 on Thursday.
An average of 6,339 units traded at $84,147 versus 16,254 shares at $427,678 on Thursday. The average trade for the month to date amounts to 15,105 units at $206,055 versus 17,835 units at $244,027. The average trade for July amounts to 20,941 units at $221,079.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s dropped 45 cents to close at $24.55 in trading 1,755 shares, Angostura Holdings ended at $16.48 after 300 stock units crossed the market, Calypso Macro Investment Fund advanced 34 cents to $16.50, with an exchange of 1,476 shares, Clico Investment Fund dipped 2 cents to $26.80 after exchanging 456 stock units. First Citizens Bank ended at $50.10, trading 100 stock units. FirstCaribbean International Bank closed at $6.50 after exchanging 10 stock units, GraceKennedy slipped 5 cents to $6.30 in the swapping of 43,070 units, Guardian Holdings rallied 75 cents to $33.25 in trading 10,949 units. JMMB Group fell 3 cents to $2.08, with an exchange of 37,000 units, Massy Holdings closed at $81 while exchanging 6,266 stocks, National Enterprises settled at $3.90 after ownership of 4,020 shares was switched. National Flour Mills remained at $2.05, with an exchange of 2,413 stocks, One Caribbean Media ended at $4.15, with 2,625 units changing hands, Republic Financial Holdings ended at $138 after exchanging 10 shares. Scotiabank closed at $59, after trading at 1,107 shares, Trinidad & Tobago NGL popped 2 cents to $17.72 while exchanging 2,886 stock units, Trinidad Cement fell 6 cents to $3.90, with 1,100 stocks changing hands, Unilever Caribbean settled at $16.35 with the swapping of 1,225 stock units and West Indian Tobacco remained at $32 with an exchange of 3,665 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.