Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 127 percent but with 73 percent lower value than at the close on trading on Tuesday resulting in trading in 20 securities compared with 16 on Tuesday, with prices of six stocks rising, six declining and eight remaining unchanged.
Investors exchanged 252,713 shares at $2,221,539 compared with 111,347 stock units at $8,182,275 on Tuesday.
An average of 12,636 shares were traded at $111,077 compared to 6,959 units at $511,392 on Tuesday, with trading month to date averaging 8,173 shares at $215,804 compared with 5,622 units at $275,651 on the previous day. The average trade for June was 23,515 shares at $224,325.
The Composite Index shed 3.21 points to end at 1,224.54, the All T&T Index fell 6.62 points to 1,866.05, the SME Index closed at 70.13 and the Cross-Listed Index inched 0.06 points higher to end trading at 75.29.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $68.50 with investors trading 57 shares, Angostura Holdings ended at $23 in an exchange of 100 units, 
Ansa McAl fell 30 cents to $50.70 with an exchange of 970 stock units, First Citizens Group ended at $48 after 19,923 stocks were traded. GraceKennedy climbed 5 cents to $3.45, with 185,590 shares changing hands, Guardian Holdings rose 5 cents to $17.35 with shareholders swapping 584 stocks, Guardian Media remained at $2.30 with investors trading 43 stock units, JMMB Group rose 1 cent in closing at $1.36 with 2,700 units crossing the market. L.J. Williams B share lost 1 cent to close at $2.79 with investors exchanging 10 units, Massy Holdings shed 15 cents to end at $4.70 while 19,232 stocks passed through the market, National Enterprises ended at $3.85 with a transfer of 5,180 stock units, NCB Financial remained at $3.10 after an exchange of 1,151 shares. One Caribbean Media popped 5 cents in closing at $3.65 with 28 units changing hands, Prestige Holdings ended at $8 after a swapping of 5,284 stocks, 
Republic Financial declined 53 cents to close at $127.47 as investors exchanged 371 stock units, Scotiabank remained at $75.40, with 3,190 shares crossing the market. Trinidad & Tobago NGL rallied 5 cents to end at $18.05 with investors trading 2,557 shares, Trinidad Cement dipped 14 cents to close at $2.51 after a transfer of 179 stock units, Unilever Caribbean gained 2 cents to close at $12.04 in switching ownership of 491 stock units and West Indian Tobacco dropped $1 to end at 52 weeks’ low of $11 after 5,073 units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp drop in money entering Trinidad Exchange
Gains for Trinidad & Tobago Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday with a 30 percent rise in the volume of stocks traded valued 458 percent more than on Monday and resulted in trading in 16 securities down from 19 on Monday and ended with prices of five rising, four declining and seven remaining unchanged.
Investors exchanged 111,347 shares for $8,182,275 versus 85,439 stock units at $1,465,235 on Monday.
An average of just 6,959 units were traded at $511,392 compared to a mere 4,497 shares at $77,118 on Monday, with trading month to date averaging 5,622 shares at $275,651. The average trade for June amounts to 23,515 shares at $224,325.
The Composite Index increased 0.48 points to 1,227.75, the All T&T Index climbed 4.20 points to end trading at 1,872.67, the SME Index remained unchanged at 70.13 and the Cross-Listed Index dipped 0.49 points to finish at 75.23.
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 remained at $68.50 with 282 shares clearing the market, Ansa McAl gained 30 cents in closing at $51 after switching ownership of 9,385 stocks, Calypso Macro Investment Fund ended at $21.80 and closed at with 25 stocks changing hands, First Citizens Group ended at $48 with an exchange of 1,169 units, FirstCaribbean International Bank fell 5 cents to close at $7, with 1,029 stock units passing through the market, GraceKennedy shed 5 cents in closing at $3.40 after trading 2,000 units, Guardian Holdings rallied 5 cents to close at $17.30 with an exchange of 1,000 stocks, JMMB Group declined 5 cents to $1.35 after a transfer of 20,990 shares, Massy Holdings remained at $4.85 after 3,275 stocks crossed the market, 
National Enterprises advanced 10 cents to $3.85, with stakeholders exchanging 86 shares, Prestige Holdings remained at $8 in an exchange of 710 units, Republic Financial popped 65 cents to $128 after exchanging 55,910 stock units, Scotiabank lost 15 cents to close at $75.40, after 3,639 stock units passed through the market, Trinidad & Tobago NGL ended at $18 with shareholders swapping 830 shares, Unilever Caribbean increased 2 cents to end at $12.02, with 100 units changing hands and West Indian Tobacco ended at $12 while exchanging 10,917 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dropped on Trinidad & Tobago Exchange
Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 87 percent with the value 35 percent lower than on Friday resulting in 19 securities trading compared with 21 on Friday, with prices of five stocks rising four declining and 10
remaining unchanged.
Investors exchanged 85,439 shares for $1,465,235 versus 667,210 stock units at $2,237,651 on Friday.
Trading averaged 4,497 shares for $77,118 compared to 31,772 units at $106,555 on Friday. The average trade for June ended at 23,515 shares for $224,325.
The Composite Index climbed 10.91 points to 1,227.27, the All T&T Index lost 1.52 points to end at 1,868.47, the SME Index remained at 70.13 and the Cross-Listed Index rose 3.39 points to end at 75.72.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $68.50 and closed with 144 shares being traded, Angostura Holdings ended at $23 after a transfer of 222 stocks, Ansa McAl declined 30 cents to $50.70 in switching ownership of 7,232 units. 
First Citizens Group ended at $48 after 12,241 stocks crossed the market, FirstCaribbean International Bank ended at $7.05 with investors trading 1,697 units, GraceKennedy rose 5 cents to $3.45 after an exchange of 15,631 shares. Guardian Holdings remained at $17.25 in trading 1,883 stocks, JMMB Group increased 5 cents in closing at $1.40 with 10,000 stock units crossing the market, Massy Holdings ended at $4.85 while exchanging 17,564 units. National Enterprises advanced 19 cents to close at $3.75 with 70 shares crossing the exchange, NCB Financial gained 40 cents to end at $3.10 as stakeholders exchanged 3,849 stock units, Point Lisas remained at $3.30 as investors traded 869 stocks. Prestige Holdings ended at $8 with investors transferring 76 shares, 
Republic Financial fell 6 cents and closed at a 52 weeks’ low of $127.35 with 559 units being swapped, Scotiabank dropped 7 cents in closing at $75.55 in trading 890 stocks. Trinidad & Tobago NGL remained at $18 in an exchange of 5,430 stock units, Trinidad Cement popped 3 cents to end at $2.65 with 4,000 shares changing hands, Unilever Caribbean ended at $12 after exchanging 582 stocks and West Indian Tobacco shed 1 cent to $12 after 2,500 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market stocks dominate half year
At the midway point in the year, the Jamaica Stock Exchange Main Market is down 7 percent, with the Financial Index down a much larger 15 percent, but the Junior Market is flat, as the JSE delivered 35 price gains for the ordinary shares and 59 losses as Junior Market stocks dominated the top positions for the first half of 2023.
Expectations are that the Junior Market will continue its upward movement in the second half of the year with technical indicators pointing to a big upward push in the market. The market gained 75 percent the last time these indicators flashed a buy signal.
The Main Market remains under some selling pressure and is not signalling a sustained rally in the short term. But June is never the month of recovery for that market following sell in May and go away. July is the month that is historically the period in the past the Main Market usually starts to rally and sometimes as late as August fueled by mid year results that will mostly be in by the middle of August.
There are only two Main Market stocks in the TOP10 with Transjamaican heads Stocks to Watch coming on top for that market with a 77 percent gain, year to date, with it being the second highest performer for the overall market for the year so far. Ciboney is up 59 percent and the fifth highest performer, and the second best Main market stock, thanks partially to a change in the majority ownership to IEC Energy Company Ltd, with the new directors being Nigel Davy, Jennifer Davy, Klyle Davy, Wycliffe Cameron Conley Salmon Donald Patterson and Wayne Wray.
The top performing stock is Main Event with a rise of 89 percent, with more gains expected with the PE ratio of just 10 times this year’s earnings, while Stationery and Office Supplies doubled after an announcement to consider a stock split at a directors meeting on June 21 ended with a gain of 37 percent for the half year as the price pulled back after the directors announced a recommendation for a 9 for 1 split to be voted on at the company’s AGM on July 25.
The Junior Market has the majority of stocks, six, in the worst performer grouping, with Fosrich being the worst with a loss of 45 percent as the price corrected sharply from an overbought position last year, followed by iCreate down 34 percent from excessive speculation from a number of announcements the company made last year.
Equal honours on Trinidad Stock Exchange
The Trinidad and Tobago Stock Exchange closed marginally higher on Friday after trading in 21 securities up from 20 on Thursday and ended with five stocks rising, five declining and 11 remaining unchanged with the volume of stocks traded declining 5 percent with a 42 percent lower value than on Thursday.
Investors traded 667,210 shares for $2,237,651 versus 700,226 stock units at $3,849,031 on Thursday.
An average of 31,772 shares were traded at $106,555 compared with 35,011 units at $192,452 on Thursday, with trading, month to date averaging 23,515 shares at $224,325 compared to 23,024 units at $231,331 on the previous day. The average trade for May was 23,500 shares at $216,502.
The Composite Index rose 0.71 points to settle at 1,216.36, the All T&T Index rose 1.35 points to 1,869.99, the SME Index ended firm at 70.13 and the Cross-Listed Index remained unchanged at 72.33.
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 $68.50, with 800 shares clearing the market, Angostura Holdings declined 10 cents to close at $23 after an exchange of 800 stocks, Ansa McAl remained at $51 after an exchange of 970 stock units, Calypso Macro Investment Fund ended at $21.80 as stakeholders exchanged 280 units. Endeavour Holdings ended at $13 with a transfer of 71 units, First Citizens Group closed at $48 in trading 1,000 stocks, FirstCaribbean International Bank increased 5 cents to $7.05 while exchanging 139 stock units, GraceKennedy advanced 1 cent in closing at $3.40 in an exchange of 99,136 shares. JMMB Group dipped 4 cents to end at $1.35 with shareholders swapping 23,025 stocks, Massy Holdings rallied 1 cent to close at $4.85 after investors traded 25,046 stock units, National Flour Mills remained at $1.64, with 20 shares crossing the market, NCB Financial ended at $2.70 after an exchange of 445,460 units. 
One Caribbean Media dropped 10 cents in closing at $3.60 after 61,883 stocks switched ownership, Point Lisas remained at $3.30 after 10 units crossed the market, Prestige Holdings ended at $8, with investors trading 675 stocks, Republic Financial remained at $127.41, with 361 shares changing hands, Scotiabank rose 62 cents to end at $75.62 with an exchange of 195 stock units. Trinidad & Tobago NGL ended at $18 with stakeholders trading 2,944 shares, Trinidad Cement fell 3 cents to $2.62 with investors trading 3,020 units, Unilever Caribbean lost 24 cents to close at $12 after a transfer of 700 stocks and West Indian Tobacco added 1 cent to end at $12.01 after 675 stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises prices fall on Trinidad Exchange
More stocks were traded on the Trinidad and Tobago Stock Exchange on Thursday than the previous day with a 44 percent jump in the volume of stocks traded with the value climbing 38 percent over Wednesday resulting in 20 securities trading as was the case on Wednesday, with two stocks rising, eight declining and 10 remaining unchanged.
Investors exchanged 700,226 shares for $3,849,031 versus 485,562 stock units at $2,784,687 on Wednesday.
An average of 35,011 units were traded at $192,452, up from 24,278 shares at $139,234 on Wednesday, with trading month to date averaging 23,024 stocks at $231,331 compared with 22,304 units at $233,668 on the previous day. The average trade for May ended at 23,500 shares at $216,502.
The Composite Index fell 2.77 points to close at 1,215.65, the All T&T Index dipped 4.32 points to end at 1,868.64, the SME Index increased 0.81 points to conclude trading at 70.13 and the Cross-Listed Index dipped 0.16 points to end at 72.33.
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 declined 50 cents and ended at $68.50 in an exchange of 950 shares, Angostura Holdings remained at $23.10 in trading just one unit, Ansa McAl ended at $51 after an exchange of 150 stock units, Calypso Macro Investment Fund remained at $21.80 after trading of 10 stocks. 
Endeavour Holdings ended at $13 after an exchange of 8 shares, First Citizens Group fell 10 cents to $48 in an exchange of 7,887 units, FirstCaribbean International Bank ended at $7, with 3,584 stocks crossing the exchange, Guardian Holdings increased 50 cents to $17.25 with a transfer of 63,756 stock units. JMMB Group lost 1 cent to end at $1.39 with investors trading 150 stocks, Massy Holdings shed 2 cents to close at $4.84 with 30,850 shares being traded, National Enterprises dipped 14 cents to $3.56, with 10,000 stocks changing hands, NCB Financial remained at $2.70 with an exchange of 554,540 units. One Caribbean Media dropped 12 cents to end at $3.70, with stakeholders exchanging 310 units,
Point Lisas ended at $3.30 with 20 stock units crossing the market, Prestige Holdings remained at $8, with 3,586 stocks changing hands, Republic Financial lost 9 cents to close at a 52 weeks’ low of $127.41, with 1,776 shares traded. Scotiabank dipped 77 cents to end at $75, with 140 stock units clearing the market, Trinidad & Tobago NGL climbed 30 cents to $18 as 8,659 stocks passed through the market, Unilever Caribbean remained at $12.24 in switching ownership of 595 shares and West Indian Tobacco ended at $12 while exchanging 13,254 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp drop in trading on Trinidad exchange
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.
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.