Trading activity remained elevated at the close on Wednesday, with 21 securities changing hands up from 18 on Tuesday on the Trinidad and Tobago Stock Exchange and ended with an exchange of 505,056 shares, for $14,810,140 compared to 322,356 units at $16,899,883 on Tuesday.
The market closed with prices of eight stocks rising, five declining and eight remaining unchanged. The Composite Index gained 6.27 points to close at 1,332.07, the All T&T Index declined 1.66 points to 1,765.33 and the Cross Listed Index rose 1.95 to 121.59.
Trading averaged 24,050 units traded at $705,245 compared to 17,909 at $938,882 on Tuesday. An average of 14,307 units traded at $483,040 for the month to date versus 12,587 units at $443,827. The average trade for February amounted to 15,920 units for $307,754.
The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Angostura Holdings rose 1 cent to $15.02 after trading 1,151 shares, Ansa McAl gained $1 in closing at $54 in an exchange of 5,925 stock units, Calypso Macro Investment Fund closed at $14.10, with 800 shares clearing the market. Clico Investment Fund remained at $25.50 after an exchange of 3,500 stock units, First Citizens Bank gained 20 cents to close at $46.20 in exchanging 4,280 stock units, FirstCaribbean International Bank added 4 cents to close at $6.99 with 1,927 units clearing the market. Grace Kennedy settled at $4.50 in trading 83,760 stocks, Guardian Holdings rose 88 cents to close at a 52 weeks’ high of $23.39 in exchanging 9,500 stocks.
JMMB Group rose 2 cents to $1.84 after an exchange of 131,000 shares, L.J Williams B share close at $1.40 with an exchange of 5,000 stock units, Massy Holdings rose 12 cents to $62 trading 200,013 units. National Enterprises ended at $3.10 in trading 1,020 stocks, National Flour Mills stayed at $2.20 with the swapping of 250 stock units, NCB Financial Group settled at $8.20, with 40,430 stock units changing hands. One Caribbean Media lost 5 cents to close at $4.70, with 2,450 units clearing the market, Prestige Holdings shed 20 cents to end at $7.50, with the trading of 566 stocks, Republic Financial Holdings rose 45 cents to $135 while trading 2,188 stock units. Scotiabank fell 1 cent to $55.49 with the swapping of 1,713 shares, Trinidad & Tobago NGL dropped 1 cent to end at $15, with 7,680 stock units clearing the market, Trinidad Cement declined 1 cent to $2.99 with 150 stocks trading and West Indian Tobacco remained at $33, with 1,753 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Elevated TTSE trading
More growth for Grace
Fresh from a record-breaking profit performance in 2020, Grace Kennedy announced the signing of an agreement to acquire all the shares of Scotia Insurance Eastern Caribbean Limited subject to regulatory approval.

Grace Kennedy HQ in Kingston
Scotia Insurance operates in seven countries in the Eastern Caribbean: Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines. Scotia Insurance offers credit protection regionally to customers of Scotiabank on personal loans, residential mortgages, personal lines of credit, personal and small business credit cards.
According to Don Wehby, CEO of Grace Kennedy, “the operation is profitable but not highly profitable”. Grace’s ownership is likely to result in lower operating cost and a vehicle to do business in other countries and for other financial institutions.
In an investors briefing on Monday, Wehby stated that the proposed acquisition is one of ten that the group is looking at currently, at various stages of assessment or negotiation, including some being stress tested and others at the legal stages.
Wehby in answer to a question on the growth rate of 2020 continuing into 2021 confirmed, that it will as the 2020 growth was achieved after years of work to lay the foundation for it to happen.
tTech limited is a Junior Market that seems set to benefit when the acquisition is concluded, the extent of its involvement will depend on the technology in use and whether the acquisition will continue to utilize the current infrastructure or not. tTech is a major Information Technology supplier to Grace.
Grace is listed on the Jamaica Stock Exchange and currently trades at $90.99, the shares are trading on the Trinidad and Tobago Stock Exchange at TT$4.50, in line with the JSE price.
All even for Trinidad stocks on Tuesday
Trading on Tuesday, resulted in an even split of 6 stocks rising, falling and closing firm after 18 securities changed hands, up from 15 on Monday and leading to the market rising after trading 189 percent more shares than on Monday with a 754 percent increase in value, on the Trinidad and Tobago Stock Exchange.

Trinidad & Tobago Stock Exchange Head Quarters
The Composite Index increased 3.46 points to settle at 1,325.80, the All T&T Index gained 2.64 points to 1,766.99 and the Cross Listed Index rose 0.59 points to 119.64.
Investor traded 322,356 shares for $16,900,102, up from 111,463 units at $1,979,511 on Monday.
An average of 17,909 units traded at $938,895 compared to 7,431 at $131,967 on Monday. The average trade month to date is 12,587 units at $443,830 versus 11,639 units at $355,601. The average trade for February amounted to 15,920 units for $307,754.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and six with lower offers.
In trading, Agostini’s rose 1 cent to $24 after 425 shares changed hands, Angostura Holdings added 1 cent to close at $15.01 trading 1,000 shares, Ansa Mcal remained at $53 in trading 615 stock units, Clico Investment Fund remained at $25.50, with 1,400 units clearing the market. First Citizens Bank rose 96 cents to $46, trading 2,362 shares, FirstCaribbean International Bank remained at $6.95 with an exchange of 25 units, Grace Kennedy ended at $4.50 trading 95 units. Guardian Holdings gained 31 cents to close at $22.51 with an exchange of 23,505 units, JMMB Group fell 1 cent to $1.82, after 32,430 shares cleared the market, L.J Williams B share dropped 10 cents to $1.40 in exchanging 5,000 units.
Massy Holdings rose 88 cents to $61.88 trading 200,982 shares, National Enterprises declined 2 cents to $3.10, with 150 stock units crossing the market, Republic Financial shed 1 cent to end at $134.55, with an exchange of 25,695 units. Scotiabank ended at $55.50 in trading 90 stock units, Trinidad & Tobago NGL ended at $15.01, with 3,887 stocks changing hands, Trinidad Cement dropped 40 cents to end at $3 with the swapping of 23,473 units. Unilever Caribbean climbed 2 cents in closing at $16.30 with an exchange of 178 units and West Indian Tobacco dropped 5 cents to $33 while exchanging 1,044 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Advantage risers
Stocks closed mixed in trading Monday on the Trinidad and Tobago Stock Exchange, with the market enjoying 21percent more shares changing hands than on Friday, resulting in a slight edge for advancing stocks.
Trading ended with 15 securities changing hands compared to 13 on Friday, with five stocks rising, four declining and six remaining unchanged. The Composite Index fell 3.85 points to 1,322.34, the All T&T Index climbed 5.41 points to settle at 1,764.35 and the Cross Listed Index slipped 1.81 points to 119.05.
Investors traded 111,463 shares for $1,979,366 compared to 92,483 units at $2,036,384 on Friday.
An average of 7,431 units traded at $131,967 compared to an average of 7,114 at $156,645 on Friday. The average for the month is 11,639 units at $355,601 versus 12,373 units at $394,606. The average trade for February amounted to 15,920 for $307,754.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s climbed 99 cents to $23.99 in trading 2,695 shares, Angostura Holdings closed at $15 with the swapping of 700 stocks, Clico Investment Fund lost 23 cents to end at $25.50 in an exchange of 2,000 units, First Citizens Bank rose 54 cents to $45.04, with 3,978 units crossing the exchange. FirstCaribbean International Bank ended at $6.95, with 25 stocks changing hands, Grace Kennedy rose 1 cent to a 52 weeks’ high of $4.50, after an exchange of 8,499 units, Guardian Holdings gained 40 cents to $22.20 with an exchange of 61,969 stocks.
JMMB Group added 1 cent in ending at $1.83, with 15,418 units changing hands, National Flour Mills settled at $2.20 in exchanging 2,009 stocks, NCB Financial Group fell 20 cents in closing at $8.20, with 9,500 stock units crossing the market. Republic Financial Holdings ended at $134.56 after trading 410 stocks, Trinidad & Tobago NGL settled at $15.01 trading 360 units, Trinidad Cement ended at $3.40 with the switching of ownership of 524 shares. Unilever Caribbean slipped 2 cents to $16.28 after an exchange of 300 shares and West Indian Tobacco lost 95 cents to end at $33.05 in trading 3,076 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Week ends mixed for T&T stocks
Stocks ended mixed in trading on the Trinidad and Tobago Stock Exchange on Friday, after investors traded 68 percent fewer shares at 65 percent lower value than on Thursday, as more stocks declined than rose.
Trading ended with just 13 securities changing hands, down from 19 on the previous trading day, with the prices of three stocks rising, six declining and four remaining unchanged. Grace Kennedy closed at a 52 weeks’ high. The Composite Index gained 0.26 points to close at 1,326.19, the All T and T Index shed 2.93 points to 1,758.94 and the Cross Listed Index rose 0.48 points to 120.86.
Investors exchanged 92,483 shares, for $2,036,388 versus 287,671 units at $5,750,419 on Thursday.
An average of 7,114 units traded at $156,645 down from 15,141 at $302,654 on Thursday. An average of 12,373 units traded at $394,606 for the month to date versus 13,309 units at $436,983. The average trade for February ended, with 15,920 shares for $307,754.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Ansa Mcal dropped 25 cents to $53 trading 4,818 shares, Clico Investment Fund carved out a gain of 18 cents to close at $25.73 in an exchange of 44,300 shares, First Citizens Bank advanced 49 cents to $44.50 after exchanging 976 units. FirstCaribbean International Bank shed 5 cents in closing at $6.95, with 11 units crossing the market,
Grace Kennedy rose 19 cents to a 52 weeks’ high of $4.49 with the swapping of 15,035 stock units, Guardian Holdings dropped 20 cents to close at $21.80, with 17,956 stocks crossing the market. Massy Holdings fell $2 to $61 with an exchange of 264 units. National Flour Mills ended at $2.20 while exchanging 681 shares, NCB Financial Group ended at $8.40 trading 500 stocks, Point Lisas fell 1 cent to $3 while exchanging 4,000 units. Republic Financial Holdings remained at $134.56 after exchanging of 180 shares Scotiabank shed 45 cents to close at $55.50, with 653 stocks changing hands and Trinidad & Tobago NGL remained at $15.01 with the swapping of 3,109 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index shed 1,460.68 points to close at 432,606.20, the Main Index fell 1,381.93 points to 394,456.15 and the JSE Financial Index shed 0.63 points to end at 99.14.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and four with lower offers.
Salada Foods fell 60 cents to $43.90 trading 11,179 units, Scotia Group ended $3.99 lower at $40 with the swapping of 65,792 stock units, Supreme Ventures gained 21 cents to close at $15.65 in switching ownership of 20,943 shares. Sygnus Credit Investments fell 39 cents to $14.71 after exchanging 43,500 stock units and Wisynco Group gained 28 to end at $16.19, with 40,072 stock units changing hands.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and six with lower offers.
Proven Investments rose 65 cents to $34.56, with the swapping of 138,367 shares, Salada Foods ended 50 cents higher at $44.50 after transferring 25,275 units. Scotia Group advanced 99 cents to $43.99 in exchanging 789 stocks, Seprod rose $1.81 to end at $70 trading 3,703 units and Sterling Investments gained 24 cents to close at $3.01 in switching ownership of 181 stocks.
Sterling Investments is a new addition to the Main Market TOP 10, replacing Berger Paints with profit downgraded with earnings per share of $1.30 for 2021. That was inadequate to hold on to the TOP 10 position, but the stock is still on the ICTOP15 list for 2021.
The Main Market has a number in the list that have put out record profits or show signs of strong earnings with the stocks clearly undervalued; these include, JMMB Group, Jamaica Broilers, Sygnus Credit Investments, Grace Kennedy are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
With expected gains of 165 to 456 percent, the top three Main Market stocks are Radio Jamaica, followed by VM Investments and PanJam Investment.
The average projected gain for the Junior Market IC TOP 10 stocks is 274 percent and 181 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.
The market indices just held above the negative zone for the year at the close, with the All Jamaican Composite Index declining 1,211.78 points to 433,954.68. The JSE Main Index fell 1,096.63 to 395,736.54 and the JSE Financial Index lost 0.38 points to settle at 99.52.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
138 Student Living lost 40 cents to close at $5.60 in an exchange of 100 units, Palace Amusement dropped $83.28 to close at $801.72, after exchanging 73 units, PanJam Investment rose $2 to $68 with the swapping of 19,468 stock units, Proven Investments climbed 71 cents to $33.91 trading 84,673 units. Sagicor Group shed 60 cents to $50.50 in switching ownership of 131,285 stock units. Salada Foods fell 50 cents to $44 with an exchange of 1,700 stocks, Scotia Group climbed $2.99 to $43 trading 565,293 shares, Supreme Ventures lost 64 cents to close at $15.31 in exchanging 11,850 units and Wisynco Group fell 33 cents to $15.90 and finishing trading of 133,175 stock units.
The All Jamaican Composite Index rose 1,755.38 points to 435,166.46, the Main Index gained 1,609.90 points to 396,833.17, but the JSE Financial Index lost 0.17 points to settle at 99.90.
Trading for the day averaged 242,367 units at $2,066,102, compared to 411,240 shares at $1,482,838 on Wednesday. Month to date trading averaged 328,734 units at $1,776,771, in contrast to 358,582 units at $1,676,782 on Wednesday. February closed with an average of 419,015 units at $2,509,660.
Sagicor Group shed 80 cents to $51.10 with the swapping of 74,129 stock units, Salada Foods rose $5.99 to $44.50 in an exchange of 38 units. Scotia Group fell $2.49 to end at $40.01 trading 40,887 shares, Seprod declined $1.77 to $68.23 in a transfer of 74,108 stock units, Sterling Investments lost 23 cents to end at $2.77 in exchanging 1,643,311 units. Supreme Ventures rose 95 cents to $15.95 trading 36,943 shares and Wisynco Group gained 23 cents to $16.23, with 25,585 units changing hands.