Trading drops on Trinidad Stock Exchange


Stocks appear to be in the holiday mood, resulting in a sharp drop in the volume and value of trading on the Trinidad and Tobago Stock Exchange on Monday, with the volume declining by a sharp 69 percent and the value down a noted 82 percent from Friday’s levels, resulting from trading in 18 securities, down from 20 on Friday and ending with prices of five rising, five declining and eight ending firm.

The market closed with trading of 84,992 shares for $479,703 down from 275,219 stocks at $2,610,035 on Friday. An average of just 4,722 shares were traded at $26,650 well below the 13,761 units at $130,502 on Friday, with trading for the month to date averaging 22,320 shares at $487,058 compared to 23,398 units at $515,246 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index dipped 3.24 points to close at 1,058.49, the All T&T Index slipped 0.50 points to 1,563.55, the SME Index remained unchanged at 92.52 and the Cross-Listed Index dipped 0.86 points to 72.51.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, CIBC Caribbean Bank slipped 44 cents in closing at $7.75 in an exchange of 6,555 stock units, Endeavour Holdings remained at $18 with investors swapping 100 stocks, First Citizens Group ended at $40.40 in an exchange of 836 stock units. Guardian Holdings ended at $14.85 after 135 stock units passed through the market, Guardian Media remained at $1.20 in trading 34 shares, JMMB Group ended at $1.08 with 59 stock units crossing the exchange. L.J. Williams B share remained at 80 cents with a mere two stock units changing hands, Massy Holdings fell 4 cents to $3.85 as investors exchanged 67,500 units, National Enterprises rose 1 cent to end at $2.80 in switching ownership of 605 shares. National Flour Mills lost 4 cents in closing at $1.66 with investors trading 900 stock units, One Caribbean Media remained at $2.99 with an exchange of 5 stocks, Point Lisas advanced 13 cents to close at $3.28 with 818 units crossing the market. Prestige Holdings shed 9 cents to end at a 52 weeks’ high of $11.21 with investors trading 604 shares, Republic Financial fell 14 cents to close at a 52 weeks’ low of $112.75 after an exchange of 670 units, Scotiabank popped 53 cents to finish at $56.01 in trading 200 stock units. Trinidad & Tobago NGL inched 1 cent higher and ended at $4.70 with 3,663 units crossing the market, Unilever Caribbean ended at $11.30 with investors dealing in 258 shares and West Indian Tobacco increased 6 cents in closing at $5.60 after an exchange of 2,048 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winners edged losers this week on Trinidad Stock Exchange

The Trinidad and Tobago Stock Exchange gave back some of last week’s gains with the All Trinidad Index closing 0.9 percent lower and the Composite index drifting lower by 1.1 percent, with financial stocks leading the drift downward following a $5 drop in Republic Holdings to a 52 weeks’ low of $112.

The market closed with prices of 11 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 9 rising and 11 declining.
The average PE ratio of the market is.8.27, compared to 5.2 based on the current year’s earnings. The difference between the two graphically illustrates the market’s current undervalued level and by extension the upside potential ahead.
The winning stocks of note for the week are, Endeavour Holdings jumping 95 cents to a 52 weeks’ high of $18, Unilever Caribbean up 50 cents to $11 and Ansa McAl up 20 cents to $60.
Falling stocks had larger price movements than those that gained and pressured the market indices at the close. Republic Holdings ended with a fall of $5 to $112, Ansa Merchant Bank lost $1 in closing at $40, Angostura Holdings fell 80 cents to $15, CIBC Caribbean Bank fell 50 cents to close at $7.50, West Indian Tobacco lost 43 cents to close at a 52 weeks’ low of $5.55, Scotiabank declined by 35 cents to $56.75, Trinidad Cement dropped 31 cents to end at $2.30 and Prestige Holdings fell 20 cents to close at $11.30.
Stocks that could gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 230 percent, the hugely undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
Investors should not forget Prestige Holdings with the potential to gain 80 percent.

Steep fall for Trinidad Exchange


Stocks ended trading on Thursday with losses on the Trinidad and Tobago Stock Exchange, after a 186 percent jump in the volume of stocks traded and the value surging 372 percent more than on Wednesday, resulting in activity in 19 securities up from 18 on Wednesday and ending with prices of two stocks rising, seven declining and 10 ended firm.

The market closed with trading of 491,432 shares for $4,726,461 up from 171,593 stocks at $1,001,912 on Wednesday. Trading ended with an average of 25,865 shares at $248,761 compared to 9,533 stock units at $55,662 on Wednesday, with trading month to date ending with an average of 26,726 shares at $165,133 compared to 26,791 units at $158,877 on the previous day and an average for  for October of 39,057 shares at $305,306
The Composite Index shed 12.95 points to close trading at 1,056.71, the All T&T Index fell 5.88 points to 1,573.46, the SME Index remained at 88.01 and the Cross-Listed Index lost 2.87 points to conclude trading at 70.51.
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, Angostura Holdings remained at $16 after closing with an exchange of 36 stocks, Ansa McAl ended at $60 with 1,008 units clearing the market, Calypso Macro Investment Fund dropped 7 cents to end at $23.60 with investors swapping 1,560 shares. CIBC Caribbean Bank sank 35 cents to finish at $7.65 with an exchange of 5,650 stock units, First Citizens Group slipped 1 cent and ended at $40.40 with 49,319 shares changing hands, GraceKennedy remained at $3.64 with a transfer of 85,098 units. JMMB Group declined 2 cents to $1.04 after an exchange of 9 stocks, Massy Holdings ended at $3.95 after the trading of 95,227 stock units, National Enterprises lost 5 cents and ended at $2.65 after a transfer of 12,131 shares. National Flour Mills remained at $1.70 in switching ownership of 12,480 stock units, NCB Financial ended at $2.25 with investors dealing in 199,800 stocks, One Caribbean Media increased 2 cents to close at $2.88 in an exchange of 2,150 units. Point Lisas popped 5 cents to $3.15 with investors trading 100 stocks, Prestige Holdings ended at $11.30 with just 8 units crossing the market, Republic Financial dipped $3 and ended at a 52 weeks’ low of $114 with investors trading 2,577 shares following the record date for dividend payment taking effect on Wednesday,. Scotiabank ended at $56.75 with 18,405 stock units crossing the exchange, Trinidad & Tobago NGL ended at $4.70 with traders dealing in 630 shares, Trinidad Cement sank 20 cents to finish at 52 weeks’ low of $2.30 after 588 stocks passed through the market and Unilever Caribbean remained at $11 as investors exchanged 4,656 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops, prices rise on Trinidad Exchange

Trading dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with prices mostly climbing with the volume of stocks traded declining 43 percent valued 61 percent lower than on Tuesday resulting in the trading of 18 securities compared with 18 on Tuesday and ending with prices of nine rising, three declining and six ended firm.

The market closed with trading of 171,593 shares for $1,001,912 down from 298,974 stocks at $2,540,905 on Tuesday.
An average of 9,533 shares were traded at $55,662 compared with 16,610 stock units at $141,161 on Tuesday, with trading month to date averaging 26,971 shares valued at $158,877 compared to 28,107 units at $166,742 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index rallied 12.17 points to settle at 1,069.66, the All T&T Index increased 5.19 points to conclude trading at 1,579.34, the SME Index remained unchanged at 88.01 and the Cross-Listed Index climbed 2.75 points to end the day at 73.38.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini’s advanced $1.45 to close at $62.45 in an exchange of 132 shares, Angostura Holdings popped 20 cents to $16 with 298 stocks clearing the market, Ansa McAl ended at $60 with a transfer of 43 shares. Ansa Merchant Bank fell $1 in closing at $40 after trading ended with an exchange of 50 stock units, CIBC Caribbean Bank remained at $8 after a transfer of 1,705 shares, Eric Solis popped 3 cents in trading just 5 shares to close at a record high of $5.25, First Citizens Group shed 1 cent to finish at $40.41 after 2,231 units were traded GraceKennedy dipped 1 cent to end at $3.64 with an exchange of 1,240 stock units, JMMB Group climbed 4 cents to close at $1.06 with 6 stock units changing hands, Massy Holdings increased 5 cents to end at $3.95 with investors trading 149,000 shares. National Enterprises rose 4 cents in closing at $2.70 in an exchange of 10,007 units, National Flour Mills ended at $1.70 with investors dealing in 410 stocks, One Caribbean Media rallied 4 cents to finish at $2.86 after exchanging 200 stock units. Prestige Holdings remained at $11.30 with investors swapping 308 shares, Republic Financial gained $1.50 in closing at $117 with an exchange of 1,818 stocks, Scotiabank ended at $56.75 with traders dealing in 50 units. Trinidad & Tobago NGL rose 5 cents and ended at $4.70 with 1,326 stock units passing through the market and Unilever Caribbean remained at $11 as investors exchanged 2,764 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Losing stocks edged out winners in Trinidad


Winning stocks were just edged out at the close of the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 16 percent and valued modestly lower than on Monday resulting in 18 securities trading as was the case on Monday and ended with prices of seven stocks rising, eight declining and three ended firm.

The market closed with trading of 298,974 shares carrying a value of $2,540,905 compared with 353,916 stocks at $2,590,819 on Monday.
An average of 16,610 shares were traded at $141,161 compared with 19,662 stock units at $143,934 on Monday, with trading month to date ending with an average of 28,107 shares at $166,742 compared with 29,056 units at $168,855 on the prior day at an average for October of 39,057 shares at $305,306.
The Composite Index climbed 8.88
points to close trading at 1,057.49, the All T&T Index skidded 0.79 points to end the day at 1,574.15, the SME Index remained unchanged at 88.01 and the Cross-Listed Index rose 2.69 points to conclude trading at 70.63.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini’s fell $1.44 in closing at $61 after 450 shares passed through the market, Ansa McAl remained at $60 with investors dealing in 10,202 stocks, Calypso Macro Investment Fund ended at $23.67 with one stock being traded. CIBC Caribbean Bank rose 93 cents to finish at $8 with investors trading 810 stocks, First Citizens Group dipped 2 cents and ended at $40.42 after an exchange of 1,792 shares, GraceKennedy sank 3 cents to close at $3.65 in trading 2,827 stocks. Guardian Holdings advanced 80 cents to close at $14.40 with 28,785 units changing hands, JMMB Group remained at $1.02 with investors swapping 102,207 stock units, Massy Holdings popped 5 cents and ended at $3.90 after a transfer of 110,670 shares. National Enterprises dropped 4 cents to close at $2.66 as investors exchanged 700 units, One Caribbean Media gained 2 cents to end at $2.82, with 20 stocks changing hands, Prestige Holdings sank 20 cents in closing at $11.30 in an exchange of 3,680 stock units. Republic Financial rallied 50 cents to $115.50 with 4,963 shares crossing the market, Scotiabank shed 25 cents to finish at $56.75 after an exchange of 2,282 stocks, Trinidad & Tobago NGL declined 5 cents and ended at a 52 weeks’ low of $4.65 with a transfer of 23,506 units. Trinidad Cement increased 5 cents to end at $2.50 as 4,000 stock units passed through the market, Unilever Caribbean climbed 50 cents in closing at $11 with an exchange of 1,079 shares and West Indian Tobacco lost 48 cents to close at a 52 weeks’ low of $5.50 in trading 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mixed trading on Trinidad Exchange


Stocks traded mixed on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 15 percent valued 56 percent lower than on Friday resulting from activities in 18 securities down from 20 on Friday and ending with prices of five rising, six declining and seven ending firm after one stock closed at a 52 weeks’ high and two at 52 weeks’ lows.

The market closed with the trading of 353,916 shares for $2,590,819 compared to 308,604 stock units at $5,920,509 on Friday. An average of 19,662 shares were traded at $143,934 versus 15,430 units at $296,025 on Friday, with trading month to date averaging 29,056 shares at $168,855 compared with 29,902 units at $171,099 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index skidded 17.42 points to end trading at 1,048.61, the All T&T Index dropped 9.54 points to finish at 1,574.94, the SME Index remained at 88.01 and the Cross-Listed Index shed 3.62 points to settle at 67.94.
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 of the market, Ansa McAl increased 20 cents to end at a 52 weeks’ high of $60 with 378 shares crossing the market, Calypso Macro Investment Fund remained at $23.67 after an exchange of 2 stocks, CIBC Caribbean Bank slipped 93 cents in closing at $7.07 with a transfer of 253 shares. First Citizens Group popped 3 cents to finish at $40.44 with 6,868 stock units clearing the market, GraceKennedy advanced 3 cents and ended at $3.68 in switching ownership of 20,000 shares, Guardian Holdings ended at $13.60 with traders dealing in 90,446 stock units. JMMB Group remained at $1.02 after an exchange of 31,855 stocks, L.J. Williams B share ended at 90 cents with investors swapping 7,066 units, Massy Holdings lost 5 cents to finish at $3.85 with 28,290 stocks crossing the exchange. National Enterprises ended at $2.70 with the trading of 14,783 units, National Flour Mills rose 5 cents in closing at $1.70 as investors exchanged 11,724 shares, NCB Financial rallied 10 cents to end at $2.25 in the trading of 30,200 stock units. Point Lisas slipped 1 cent in closing at $3.10 after 1,000 shares passed through the market, Prestige Holdings remained at $11.50 and closed with 8 units changing hands, Republic Financial sank $2 and ended at a 52 weeks’ low of $115 after a transfer of 404 stocks. Scotiabank shed 10 cents to end at $57 with investors trading 2,690 stock units, Trinidad & Tobago NGL remained at $4.70 in an exchange of 107,394 shares and Trinidad Cement fell 16 cents to finish at a 52 weeks’ low of $2.45 with investors trading 555 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on the Trinidad Exchange


Stocks ended trading with mostly losses on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from an exchange of 21 securities trading similar to market activity on Tuesday and ending with prices of four stocks rising, nine declining and eight ending firm, following a 1,414 percent surge in the volume of stocks traded with the value rising 127 percent more than on Tuesday.

The market closed with the trading of 1,580,869 shares valued $6,428,404 well above the 104,402 stock units at $2,827,691 on Tuesday.
An average of 75,279 shares were traded at $306,114 compared with just 4,972 stock units at $134,652 on Tuesday, with trading month to date averaging 33,988 shares at $160,161 compared to 17,930 units at $103,386 on the previous day and an average for October of 39,057 units at $305,306
The Composite Index advanced 1.46 points to cease trading at 1,044.76, the All T&T Index gained 2.51 points to close trading at 1,574.29, the SME Index remained unchanged at 88.01 and the Cross-Listed Index advanced 0.05 points to end at 66.93.
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 of trading, Angostura Holdings ended at $16 with 1,000 stocks crossing the market, Ansa McAl shed 50 cents in closing at $59.50 with a transfer of 5 units, Calypso Macro Investment Fund sank 60 cents to end at $23 as 1,693 shares passed through the market. First Citizens Group slipped 4 cents in closing at $40.41 with 4,020 stock units passing through the exchange, FirstCaribbean International Bank popped 2 cents and ended at $7.07 in trading 250 shares, GraceKennedy remained at $3.59 with 18,860 units clearing the market. Guardian Holdings sank $1 and ended at a 52 weeks’ low of $13.50 with investors trading 10,392 stocks, JMMB Group remained at $1.02 in switching ownership of 1,265 stock units, L.J. Williams B share skidded 4 cents to end at a 52 weeks’ low of $1.04 with investors trading 45 shares. Massy Holdings popped 5 cents in closing at $3.70 after an exchange of 1,440,105 stock units, National Enterprises gained 2 cents to close at $2.75 with investors dealing in 10,054 stocks, National Flour Mills ended at $1.70 after an exchange of 15,633 units. NCB Financial remained at $2.15 with 59,151 shares changing hands, One Caribbean Media ended at $3 with an exchange of 350 stock units, Prestige Holdings ended at $10.75 after trading of 2,217 stocks. Republic Financial rose $2 to finish at $115 as investors traded 3,187 units, Scotiabank lost 1 cent and ended at $58.49 after a transfer of 482 shares, Trinidad & Tobago NGL remained at $4.50 with traders dealing in 3,586 units. Trinidad Cement dipped 1 cent to $2.72 in an exchange of 90 stocks, Unilever Caribbean fell 49 cents in closing at $11 with investors swapping 54 stock units and West Indian Tobacco declined 10 cents to end at a 52 weeks’ low of $5.90 in an exchange of 8,430 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

7 all for Trinidad Stock Exchange


Stocks ended with the spoils evenly split between stocks rising, declining and ending unchanged at the close of the Trinidad and Tobago Stock Exchange on Tuesday, following the trading of 21 securities up from 16 on Monday, with prices of seven stocks rising, seven declining and seven ended firm following a 62 percent fall in the volume of stocks traded with the value surging 242 percent over that on Monday.

The market closed with trading of 104,402 shares valued at $2,827,691 compared to 277,593 stock units at $825,974 on Monday. An average of 4,972 shares were traded at $134,652 compared with 17,350 stock units at $51,623 on Monday, with trading month to date averaging 17,930 shares at $103,386 compared with 26,176 units at $83,492 on the previous day and an average for October of at 39,057 shares at $305,306.

The Composite Index popped 4.72 points to wrap up trading at 1,043.30, the All T&T Index rose 9.02 points to end at 1,571.78, the SME Index remained at 88.01 and the Cross-Listed Index gained 0.02 points to 66.88.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini’s remained at $62.45 with investors trading 226 stocks, Angostura Holdings ended at $16 with 38 units crossing the market, Ansa Merchant Bank declined 19 cents to end at $41 in an exchange of 12 shares. Calypso Macro Investment Fund lost 40 cents in closing at $23.60 with 857 stock units changing hands, First Citizens Group remained at $40.45 after 1,036 shares crossed the exchange, FirstCaribbean International Bank ended at $7.05 with investors trading 3,751 stocks. GraceKennedy dipped 1 cent to $3.59 with 1,270 stock units clearing the market, Guardian Holdings popped 99 cents in closing at $14.50 after 200 stock units changed hands, Guardian Media increased 8 cents to finish at $1.48 with 2 shares crossing the market. JMMB Group sank 3 cents and ended at $1.02 after an exchange of 800 units, L.J. Williams B share ended at $1.08 after the trading of 1,805 stocks, Massy Holdings skidded 4 cents to end at $3.65 as investors exchanged 6,696 stock units. National Flour Mills remained at $1.70 with a transfer of 25,750 shares, One Caribbean Media climbed 9 cents to $3 with investors swapping 570 stock units, Prestige Holdings rose 25 cents to end at a 52 weeks’ high of $10.75 in switching ownership of 9 stocks. Republic Financial advanced $1 to close at $113 with traders dealing in 21,718 units, Scotiabank gained $1.50 to finish at $58.50 in an exchange of 130 stocks, Trinidad & Tobago NGL fell 10 cents to a 52 weeks’ low of $4.50 with investors trading 24,316 shares. Trinidad Cement dropped 6 cents to $2.73 after an exchange of 20 units, Unilever Caribbean rallied 49 cents to end at $11.49 with investors dealing in 413 stock units and West Indian Tobacco remained at $6 after a transfer of 14,783 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising stocks put TTSE higher


Rising stocks moved the Trinidad and Tobago Stock Exchange higher on Monday, resulting from trading in 16 securities compared with 17 on Friday and ending with prices of three rising, five declining and eight ending firm, following a 53 percent drop in the volume of stocks traded with 57 percent lower value than on Friday.

The market closed with trading of 277,593 shares for $825,974 up from 586,212 stocks at $1,929,348 on Friday.
An average of 17,350 shares were traded at $51,623 compared with 34,483 stock units at $113,491 on Friday, with trading month to date averaging 26,176 stocks at $83,492 compared with an average for October of 39,057 units at $305,306
The Composite Index climbed 2.59 points to end at 1,038.58, the All T&T Index rallied 5.32 points to finish at 1,562.76, the SME Index remained unchanged at 88.01 and the Cross-Listed Index slipped 0.05 points to settle at 66.86.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $62.45 after 15 stock units passed through the market, Ansa McAl ended at $60 after an exchange of 37 shares, Calypso Macro Investment Fund popped 40 cents and ended at $24 with 901 stocks clearing the market. First Citizens Group increased 4 cents to end at $40.45 in an exchange of 2,914 units, FirstCaribbean International Bank lost 1 cent in closing at $7.05 with investors trading 4,499 shares, GraceKennedy remained at $3.60 in an exchange of 20 stock units. JMMB Group climbed 3 cents to $1.05 with traders dealing in 29 stocks, L.J. Williams B share sank 19 cents to end at a 52 weeks’ low of $1.08 in switching ownership of 7,929 units, Massy Holdings fell 1 cent in closing at $3.69 with 36,923 stocks crossing the market. National Enterprises dipped 1 cent and ended at $2.73 in trading 11 units, National Flour Mills ended at $1.70 after an exchange of 30 shares, NCB Financial remained at $2.15 with a transfer of 223,349 stock units. Prestige Holdings ended at $10.50 as investors exchanged 590 shares, Republic Financial ended at $112 with 112 units changing hands, Scotiabank shed $1.50 in closing at $57 with investors swapping 128 stocks and West Indian Tobacco remained at $6 and closed after an exchange of 106 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Another steady week for Trinidad stocks

In a holiday shortened week the Composite Index of the Trinidad and Tobago Stock Exchange closed the week higher, at the same time that the All Trinidad index slipped just over 1 point, with prices of 7 stocks falling and six rising.

Trading left the PE ratios of the majority of stocks to be attractively prices with big upside gains ahead.
The average PE ratio of the market is 9.8 versus 10.7 last week compared to 5.3 based on the current year’s earnings. The huge difference between the two shows the undervalued level of the market currently is and the extent of the upside that lies ahead.
The only winning stocks of note for the week are Scotiabank up $2.15 to $58.50, Unilever Caribbean with a gain of 75 cents and Guardian Holdings with a gain of 26 cents. Calypso Investment Fund lost 40 cents to close at $23.60 and LJ Williams lost 22 cents in closing at $1.27.
Stocks that could gain more than 100 percent when the market comes back to life, include, First Caribbean with a possible gain of 250 percent, but the high level of potential supply may stifle this stock from achieving its full potential, Guardian Holdings at 500 percent, Republic Holdings at 110 percent, Massy Holdings at 120 percent, Trinidad Cement with 270 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.