Soaring trading on JSE Main Market

Trading soared on the Main Market of the Jamaica Stock Exchange on Tuesday 44 securities crossing the market leading to 43,623,370 units valued at $900,746,655, in contrast to 23,529,489 units valued at $145,262,959 from 41 securities changing hand on Monday.
At the close, the JSE All Jamaican Composite Index fell by 663.89 points to 416,640.00, the JSE Market Index was down 753.91 points to 379,687.89 and the JSE Financial Index lost 0.34 points to 99.11.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 20 declining and ten securities trading firm. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.7 times ICI Insider.com projected 2020-21 earnings.
Today’s heavy trading resulted in several stocks exchanging more than a million units. Wigton Windfarm led trading with 12.2 million shares for 28 percent of total volume followed by JMMB Group with 7.8 million units for 17.8 percent of the day’s trade and Carreras with 3.5 million shares for 8 percent market share. Other stocks, with over one million units changing hands, are First Rock Capital with 2.4 million shares, NCB Financial Group 1 million units, PanJam Investment 1.8 million units, Sagicor Group 1.9 million shares. Sagicor Select Financial Fund ended with 1.1 million units, Scotia Group 1.7 million shares, Supreme Ventures 1.4 million units, Trans Jamaican Highway with 3.1 million shares and Wisynco Group with 1 million units.
The average trade for the day was 991,440 units valued at $20,471,515 for each security traded, in contrast to 573,890 units at an average of $3,542,999 on Monday. Average trading for the month to date is 790,034 at $12,305,995, well above the average in May of 475,543 units at $3,077,280 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and three stocks closing with lower offers.
In the Main Market, Berger Paints gained 48 cents to end at $14, trading a mere 63 units, Caribbean Cement climbed $1.46 to $53.50 as investors exchanged 23,353 stock units, Eppley rose 72 cents transferring 75,600 shares to settle at $16.22. Eppley Caribbean Property Fund dived $4.93 to $33.07, after swapping 1,258 units, First Rock Capital added 40 cents to finish at $13.90, in trading 2,359,987 shares, Jamaica Broilers exchanged 943,092 shares with gains of 35 cents to end the day at $26.45. Jamaica Stock Exchange lost 50 cents to end at $22, with 128,827 shares changing hands, Key Insurance gained 35 cents transferring 14,945 stock units and closed at $5.10, Kingston Properties ended $1.29 higher at $6.09, in swapping 806 units. Mayberry Investments lost 39 cents trading 308,367 shares to finish at $5.54, Mayberry Jamaican Equities closed 44 cents higher at $9.94 exchanging 18,021 stock units, NCB Financial Group rebounded with gains of $5 to end at $145 after a transfer of 1,000,397 shares. 138 Student Living picked up 78 cents in swapping 61,056 shares and closed at $8, Palace Amusement added $1 to close at $1,102 with an exchange of 82 units, Proven Investments ended with a loss of 50 cents trading 14,504 stock units to settle at $34. Victoria Mutual Investments closed 42 cents lower at $7.53, with 608,186 shares changing hands and Wisynco Group gained 44 cents and ended at $18.44, trading 1,024,455 shares. 138 Student Living traded 650 preference shares and rose 90 cents to end at $5.90.

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

TTSE index makes big gain

The Trinidad and Tobago Stock Exchange moved higher at the close of trading on Tuesday as rising stock prices outnumbered falling ones, with sixteen securities trading leading to the prices of five rising, three declining and eight remaining unchanged.

Trinidad & Tobago Stock Exchange Head Quarters

The market closed, with the T&T Composite Index climbed 5.58 points to 1,295.20. The All T&T Index advanced by 14.63 points to 1,751.95, while the Cross Listed Index shed 0.49 points to close at 113.31.
The volume of stocks passing through the market amounted to 401,112 shares valued at $3,079,911 compared to 188,712 shares for $990.863 on Monday from 13 securities.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and three with lower offers.
Gainers│ Agostini’s advanced $1 to end at $25, in trading 50 shares, NCB Financial, closed 5 cents higher at $7.55, in transferring 2,600 units, Prestige Holdings gained 5 cents swapping 1,487 stock units to finish at $8.25. Scotiabank traded 471 shares at $54.99 after picking up 9 cents and Trinidad & Tobago NGL rose 25 cents to $16.50 in an exchange of 5,976 stock units.
Losers│ First Citizens Bank fell of $1.70 to $46.30, with the transfer of 524 units, Grace Kennedy shed 30 cents to close at $3.10 exchanging 120 shares and West Indian Tobacco ended 88 cents lower at $35, with 7,000 stock units changing hands.
Firm TradersClico Investments swapped 8,593 shares at $25.50, First Caribbean International Bank traded 5,016 stock units at $7.30, Guardian Holdings closed at $18.15 with 50,100 units changing hands. JMMB Group transferred 4,510 shares at $1.95, National Flour was unchanged at $2, after trading 282,500 units, One Caribbean Media held firm at $5.25, with an exchange of 7,000 stock units. Republic Financial Holdings ended with 3,910 units crossing the market at $133.60 and Unilever Caribbean transferred 21,255 shares at $16.99.

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

JSE Main Market starts June down

The Main Market of the Jamaica Stock Exchange gave back some of the gains at the end of May, with NCB Financial falling back in price. The market closed with rising stocks outpaced those declining on Monday, but the IC bid-offer Indicator points to positive trading on Tuesday.
At the close, the JSE All Jamaican Composite Index dived by 3,543.96 points to 417,303.69, the JSE Market Index dropped 3,208.18 points to 380,441.80 and the JSE Financial Index shed 1.35 points to 99.45.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 16 declining and seven securities closing with prices unchanged. The JSE Main Market activity ended with 41 securities accounting for 23,529,489 units valued at $145,262,959, in contrast to 109,379,530 units valued at $203,610,322 from 45 securities on Friday.
Wigton Windfarm led trading with 6 million shares for 25.3 percent of total volume, followed by Carreras with 5.3 million units for 22.4 percent of the day’s trade and Sagicor Select Financial Fund with 3.8 million units for 16.3 percent market share. Other stocks trading over a million units were 138 Student Living with 2.9 million units and Trans Jamaican Highway with 3.2 million shares.
The average stock trading was 573,890 units at $3,542,999 for each security traded, in contrast to 2,430,656 units valued at an average of $4,524,674 on Friday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.7 times 2020-21 earnings.
In the Main Market, Barita Investments gained 59 cents to close at $50.99, with an exchange of a mere 649 units, Berger Paints fell by 48 cents trading 14,830 stock units to settle at $13.52, Eppley declined by $2.49 to $15.50, in swapping 5,000 units. First Rock Capital closed 90 cents higher at $13.50, with a transfer of 4,336 units, Jamaica Producers picked up 95 cents exchanging 17,024 stock units and closed at $21.05, Kingston Wharves ended 89 cents lower at $57.10, after transferring 9,484 units. Mayberry Investments rose 33 cents to $5.93, with 4,543 units changing hands, Mayberry Jamaican Equities shed 50 cents trading 2,050 units to end at $9.50, NCB Financial Group sustained a loss of $8 in transferring 224,350 shares and closed at $140. Palace Amusement picked up $1 to close at $1,101 in an exchange of just nine units, Proven Investments closed at $34.50, with a loss of 45 cents and trading 9,813 units, Sagicor Group finished 50 cents lower at $46, after swapping 142,269 shares. Sagicor Real Estate Fund ended at $7.50, with a loss of 44 cents in exchanging 1,420 units, Salada Foods added 50 cents transferring one stock unit and settled at $29.50. Stanley Motta fell 50 cents to $5, after trading 4,500 shares, Supreme Ventures closed 39 cents higher at $15.19, in an exchange of 103,922 units and Victoria Mutual Investments gains 65 cents and ended at $7.95, with 162,480 shares changing hands.

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

TTSE starts June moderately

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Investors eased off trading on Monday compared to Friday as the volume and value passing through the market plunged. The market index rose moderately in continuation of recovery that started in early May.
The market closed with thirteen securities changing hands of which two gained, three declined and the price of eight remained unchanged, while one stock traded at 52 weeks’ low. The volume of stocks passing through the market amounted to 188,712 shares valued at $990,863 compared to 1,393,703 shares for $4,290,531 on Friday from 14 securities.
The T&T Composite Index gained 0.44 points to close at 1,289.62. The All T&T Index advanced by 1.21 points to 1,737.32, while the Cross Listed Index lost 0.05 points to end at 113.80.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and five with lower offers.
Gainers│ Grace Kennedy rose 30 cents to $3.40, in trading 84 units and Republic Financial Holdings gained 87 cents and ended at $133.60, with exchanging 500 units.
Losers│ First Caribbean International shed 20 cents to finish at a 52 weeks’ low of $7.30, with 274 shares changing hands, Scotiabank lost 9 cents trading 574 units to close at $54.90 and Trinidad Cement dipped 15 cents to $1.80, in exchanging 2,574 stock units.
Firm TradersAngostura Holdings was unchanged at $14.40 trading 5,855 stock units, Guardian Holdings exchanging 4,400 units and remained at $18.15, JMMB Group had 25,689 shares crossing the exchange at $1.95. Investors transferred 26,623 shares of National Enterprises at $4.25, National Flour traded 96,568 shares at $2, One Caribbean Media closed at $5.25, with 5,000 stock units changing hands. Trinidad & Tobago NGL ended at $16.25, with a transfer of 14,350 stock units and Unilever Caribbean exchanged 6,221 stock units at $16.99.

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

Some BUY RATED stocks move higher

Junior Market stocks gained 3 percent in the shortened trading week. In comparison, the Main Market rose 2 percent, a continuation of a 4 percent rise in the Junior Market index in the prior week and the Main Market rising, with less than a percentage point rise.
This week’s focus: Caribbean Cream reported full-year profit to February, with profit falling 38.5 percent to $55 million, from $89 million reported in the prior year, with revenues rising 10 percent and 16.2 percent in the fourth quarter. Depreciation charge almost doubled from $63 million to $115 million was the main reason for the fall in profit. IC Insider.com spoke with Christopher Clarke, Managing director of the company.

The price for skim milk powder fell sharply in March.

Clarke stated that the jump in Q4 revenues is due primarily to new products introduced in April last year and increased sales arising from the opening of the May Pen depot that resulted in lower selling price to the public.
Kremi, as the company is also known, seems set enjoy reduced cost in May and August quarters as the price of a critical raw material, milk solids, used in the production of ice cream. The price was $2,924 per ton at the start of November last year and moved to just over $3,000 in January and declined to US$2,747 at the beginning of March, US$2,527 at the end of March and US$2,380 in April and remained there until May 20 before pulling up to $2,549 towards the end of May.
The rise in the market during the past week did little for IC TOP 10 stocks, resulting in no movement in or out of the TOP 10.
The week closed with the three top Junior Market stocks with the potential to gain between 387 to 705 percent by 2021 as Caribbean Producers, followed by KLE Group and Elite Diagnostic. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 212 percent.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020 up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14 and the Junior Market at just 9.6, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at just 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.7 or 62 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 330 percent, for the Junior Market and 138 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is greater potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Projected gains are based on earnings and PE ratios, projected for the current fiscal year. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

JSE Main market up 5% in May

The Main Market of the Jamaica Stock exchange closed out May on a high note with the market prime indices rising appreciably to close out the month with a gain of five percent but closed with a loss of 25 percent for the year to date.
At the close, the JSE All Jamaican Composite Index climbed 4,018.59 points to 420,847.85, the JSE Market Index advanced 3,762.78 points to 383,649.98 and the JSE Financial Index gained 1.12 points to 100.80. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 109,379,530 units valued at $203,610,322, in contrast to 21,505,791 units valued at $167,719,708 from 40 securities on Thursday.
Wigton Windfarm led trading with 80 million shares for 73 percent of total volume followed by Trans Jamaican Highway with 24 million units for 22 percent of the day’s trade and QWI Investments with 1.5 million units for 1.4 percent market share. Also, trading over a million units was Sagicor Select Financial Fund, with 1.15 million units.
The average trade for the day was 2,430,656 units at $4,524,674 for each security traded, in contrast to 537,645 units at an average of $4,192,993 on Thursday. The average volume and value for the month to date ended at 475,543 units at $3,077,280 for each security changing hands, compared to 369,670 units with an average of $2,994,834. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows seventeen stocks ending with bids higher than their last selling prices and three stocks closing with lower offers.
In the Main Market, Barita Investments shed 60 cents to end at $50.40, with a transfer of 171,676 shares, Caribbean Cement gained $1 exchanging 34,628 stock units and closed at $52, Eppley ended $1 higher at $17.99, with 35,848 stock units changing hands. Eppley Caribbean Property Fund jumped $5 to $38 after swapping a mere one unit, First Rock Capital shed 40 cents to settle at $12.60, in transferring 2,741 units, Jamaica Producers closed 70 cents lower at $20.10 trading 423,052 shares. Jamaica Stock Exchange gained $1.57 and ended at $22.57, exchanging 105,212 shares, Kingston Properties dropped $1.50 to finish at $4.80, after swapping 40,000 stock units, Kingston Wharves climbed $2.99 to $57.99 transferring 9,590 units. Mayberry Investments lost 40 cents to end at $5.60 trading 14,908 units, Palace Amusement shed another $100 to close at $1,100, in an exchange of 83 units, Salada Foods gained 50 cents swapping 191,208 shares and closed at $29. Scotia Group advanced by $1 to $46, with 17,902 stock units changing hands, Stanley Motta picked up 80 cents to settle at $5.50, after transferring 31,500 stock units, Supreme Ventures gained 30 cents exchanging 40,864 stock units and closed at $14.80 and Sygnus Credit Investments ended trading at $17.32, after rising 36 cents and swapping 7,512 units.

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

TTSE ends month positively

Trading on the Trinidad and Tobago Stock Exchange ended May on a slightly positive note with the market index closing moderately higher on Friday but ending the months with a rise of nearly 65 points or 3.9 percent above April’s close.

Trinidad & Tobago Stock Exchange Head Quarters

The T&T Composite Index advanced by 2.60 points to 1,289.18. The All T&T Index gained 0.16 points to 1,736.11, while the Cross Listed Index rose 0.69 points to close at 113.85. The market closed year to the end of May, with a loss of 7 percent for Trinidad based companies and 21 percent for cross listed stocks.
The market closed with fourteen securities changing hands, resulting in prices of six stocks rising, two declining and six closing unchanged. Trading accounted for 1,393,703 shares valued at $4,290,531 compared to 858,534 shares for $5,695,210 on Thursday from 15 securities.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and five with lower offers.
Gainers│ Clico Investments gained 49 cents to end at $25.50, exchanging 5,698 stock units, Grace Kennedy picked up 10 cents trading 32,115 shares and closed at $3.10, JMMB Group finished 5 cents higher at $1.95, with 15,052 stock units crossing the market. Point Lisas rose 15 cents to $3.45 in transferring 571 units, Scotiabank advanced 24 cents to $54.99, in swapping 2,178 units and Trinidad and Tobago NGL ended 15 cents higher at $16.25, with an exchange of 6,082 stock units.
Losers│ Massy Holdings shed 99 cents to close at $57.99 as 33 units changed hands and One Caribbean Media finished at a 52 weeks’ low of $5.25, with a loss of 25 cents after exchanging 20,855 stock units.
Firm TradesAngostura Holdings closed at $14.40 trading 475 units, Guardian Holdings exchanged 1,000 units at $18.15, National Enterprises ended at $4.25, with a transfer 400 units. National Flour traded 1,130,409 shares at $2, NCB Financial swapped 172,897 shares at $7.50 and Unilever Caribbean closed at $16.99, with 5,938 stock units changing hands.

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

More retreating for JSE Main Market

Jamaica Stock Exchange Main Market activity ended with the market index declining for a second day, just ahead of the final trading day for May as investors exchanged more shares than on Wednesday.
At the close, the JSE All Jamaican Composite Index declined by 1,262.37 points to 416,829.26, the JSE Market Index fell 1,326.12 points to 379,887.20 and the JSE Financial Index lost 0.90 points to 99.68. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.6 times 2020-21 earnings.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 14 stocks advancing, 16 declining and 16 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 21,505,791 units valued at $167,719,708, in contrast to 18,437,961 units valued at $158,788,476 from 44 securities on Wednesday.
Trans Jamaican Highway led trading with 7.3 million shares for 34 percent of the total volume, followed by Wigton Windfarm with 6.5 million units for 30.4 percent of the day’s trade and Supreme Ventures with 1.7 million units for 7.8 percent market share. Other stocks trading over 1 million units were Sagicor Select Financial Fund and Wisynco Group, with 1.15 million units and 1.1 million units, respectively.
The average trade for the day was 537,645 units at $4,192,993 each, in contrast to 419,045 units for $3,608,829 on Wednesday. The average volume and value for the month to date amount to 369,670 units valued at $2,994,834 for each security changing hands, compared to 361,176 units with an average value of $2,930,932. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and two stocks closing with lower offers.
In the Main Market, Barita Investments gained 60 cents to close at $51 in trading 3,456 units, Eppley Caribbean Property Fund dropped $4 to $33, with an exchange of 2,310 units, First Rock Capital ended $1.75 lower at $13 after transferring 3,153 units. Jamaica Broilers shed 39 cents exchanging 13,765 stock units to settle at $26.11, Jamaica Producers slipped 50 cents to $20.80, in transferring 229,065 shares. Jamaica Stock Exchange dropped $1.90 to finish at $21, with 40,537 stock units changing hands. Mayberry Jamaican Equities closed 40 cents lower at $9.80, in switching ownership of 22,088 stock units, MPC Caribbean Clean Energy tumbled $16 to $160 trading 1,501 units, NCB Financial Group climbed $1.01 to end at $148, with 476,923 shares changing hands. 138 Student Living gained 81 cents and transferred 71,160 stock units in closing at $7.50, Palace Amusement dived $100 to end at $1,200 trading 144 units, Sagicor Group rose 39 cents to $46.40 exchanging 34,761 stock units. Sagicor Real Estate Fund added 84 cents to finish at $7.94, with 600 units changing hands, Seprod climbed $1.39 to close at $54.95, in trading 141,419 shares and Supreme Ventures slid $1.20 transferring 1,674,041 shares and closed at $14.50.

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

JSE majors give up some gains

Jamaica Stock Exchange Main Market gave back some of the solid gains enjoyed on Tuesday as declining stocks outpaced declining ones and the volume and value of stocks trading rose.
At the close, the JSE All Jamaican Composite Index declined by 2,732.71 points to 418,091.63, the JSE Market Index dropped 2,473.80 points to 381,213.32 and the JSE Financial Index lost 0.29 points to 100.58.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 21 declining and 12 securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 18,437,961 units valued at $158,788,476, in contrast to 17,326,841 units valued at $105,645,502 from 45 securities on Tuesday.
Wigton Windfarm led trading with 5.8 million shares for 31.4 percent of total volume followed by Trans Jamaican Highway with 5.1 million units for 27.7 percent of the day’s trade and Carreras with 1.1 million units for 5.8 percent market share. Sagicor Select Financial Fund with 1.06 million shares was the only other company trading over a million units.
The Market closed with an average of 419,045 units at $3,608,829 for each security traded, in contrast to 385,041 units valued at an average of $2,347,678 on Tuesday. The average volume and value for the month to date amount to 361,176 units valued at $2,930,932 for each security changing hands, compared to 357,768 units with an average value of $2,888,684. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers. The PE ratio of the market ended at 14.6, while the Main Market ended at 14.9 times 2020/21 earnings.
In the Main Market trading, Barita Investments lost 60 cents to close at $50.40, after trading 14,026 stock units, Caribbean Cement fell by $1 to $51, with an exchange of 418,010 shares, First Rock Capital climbed $2.40 to $14.75 after 8,014 units crossed the exchange. Grace Kennedy closed 61 cents lower at $57.99, with 365,867 shares changing hands, Jamaica Broilers gained 40 cents after swapping 186,450 shares to end at $26.50, Jamaica Stock Exchange picked up 40 cents to settle at $22.90, after exchanging 13,248 stock units. Kingston Wharves closed 99 cents higher at $54.99, with a transfer of 10,560 stock units, NCB Financial Group slipped 50 cents to end at $146.99, after swapping 318,361 shares, Palace Amusement advanced $100 to end at $1,300 while trading 80 units. PanJam Investment closed at $75.01, with a loss of 74 cents after exchanging 34,676 stock units, Proven Investments fell 99 cents to finish at $35, in swapping 26,455 stock units, Sagicor Real Estate Fund ended 84 cents lower at $7.10, with 105,300 shares changing hands. Salada Foods declined $1.50 to $28.50 after 15,492 stock units changed hands, Seprod lost 44 cents to close at $53.56, in trading 51,316 stock units, Stanley Motta finished at $4.70, having lost 35 cents in swapping 12,264 units. Supreme Ventures ended at $15.70, with a rise of 70 cents in exchanging 645,967 shares and Sygnus Credit Investments gained 79 cents with 38,427 stock units crossing the exchange and closed at $16.99.

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

TTSE trading jumps

Trading on the Trinidad and Tobago Stock Exchange resulted in a surge in market activity with the US dollar segment coming to life with nearly a million units changing hands.
The market closed with seventeen securities trading with two rising, five declining and eleven holding firm. The volume of stocks passing through the market amounted to 1,221,907 shares valued at $1, $7,269,983 compared to 188,658 shares for $1,302,922 on Tuesday.
The T&T Composite Index declined by 1.45 points to 1,281.86. The All T&T Index shed 1.30 points to 1,724.58, while the Cross Listed Index lost 0.22 points to close at 113.43.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of seven stocks higher than their last selling prices and three with lower offers.
Gainers│ Angostura Holdings traded 1,170 units and rose 40 cents to end at $14.40 and Republic Financial Holdings picked up 1 cent to close at $132.73 in transferring 100 stock units.
Losers│ First Citizens Bank fell by 50 cents to $$44.50, with an exchange of 1,000 shares, Guardian Holdings shed 14 cents to settle at $18.25, in trading 550 units. JMMB Group dipped 4 cents to $1.95 after swapping 177,332 shares, MPC Caribbean Clean Energy closed 10 cents lower at $1, with 930,714 shares crossing the market and Trinidad Cement lost 5 cents to finish at $1.90 in transferring 28,596 stock units.
Firm TradersClico Investments closed at $25.30 exchanging 200 units, First Caribbean International Bank remained at $7.50, with a transfer of 166 stock units. Grace Kennedy swapped 56,055 shares at $3, National Enterprises ended at $4.25 trading 1,150 units, National Flour transferred 7,000 stock units and closed at $1.95. One Caribbean Media exchanged 700 shares at $5.50, Prestige Holdings remained at $8.20, with 3,334 stock units changing hands, Scotiabank was unchanged at $54.99 in swapping 100 shares. Unilever Caribbean remained at $16.99 trading 7,238 stock units and West Indian Tobacco held firm at $31.20 with 6,198 units crossing the market.

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