The Trinidad and Tobago Stock Exchange ended trading on Tuesday with the market slipping after investors traded 282 more shares than Monday and closed with more stocks falling than rising.
Trinidad & Tobago Stock Exchange Head Quarters
The market closed with sixteen securities trading with two stocks advancing, six declining and eight unchanged, with 406,464 shares valued at $6,393,647 trading, compared to 106,336 shares for $2,270,419 on Monday from 11 securities.
The T&T Composite Index shed 0.41 points to 1,315.90. The All T&T Index gained 0.69 points to 1,779.15, while the Cross Listed Index lost 0.21 points to close at 115.20.
The average trade on Friday amounted to 25,404 units at $399,603 versus an average of 9,667 stock units for $206,402 for each security. For the month to date trading resulted in an average of 14,572 shares at $354,268 each and on the prior day, the average was 13,288 units at $348,895. July closed with an average of 12,712 shares for $166,390.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and three with lower offers.
Stocks rising│ First Caribbean International gained 1 cent to finish at $7, after trading 42,092 shares and JMMB Group picked up 1 cent in transferring 485 units to close at $1.94.
Stocks declining│ Angostura Holdings lost 5 cents exchanging 825 units to end at $15.30, First Citizens Bank settled at $46.10, with a loss of 20 cents in trading 6,116 stock units, Grace Kennedy closed 10 cents lower at $3.50, with 49,698 shares crossing the market. NCB Financial Group dipped 2 cents to $7.85, after exchanging 204,525 shares, 
National Flour ended 5 cents lower at $1.90, with 10,000 stock units changing hands and Scotiabank closed at $54.50, after falling by 40 cents trading 5,785 stock units.
Stocks trading firm│ Calypso Macro Index Fund ended with 300 shares changing hands at $14, Clico Investments remained at $27.78, with trades 37,229 shares crossing the exchange, Guardian Holdings exchanged 5,692 stock units at $19.34, Massy Holdings held firm at $59, in transferring 33,081 shares. Republic Financial Holdings traded 3,012 units at $141.25, Trinidad and Tobago NGL exchanged 4,121 stock units at $17, Unilever Caribbean closed unchanged at $17 in transferring 361 units and West Indian Tobacco closed at $37.05 trading 3,142 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index climbed 1,190.14 points to settle at 405,372.12; the Main Index rose 1,139.72 points to end at 370,010.35, the JSE Financial Index rose 0.39 points to settle at 96.09.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.
This week’s focus: 138 Students Living reported a 44 percent increase in revenues to hit $334 million from $223 million in the June 2019 quarter and a 60 percent rise in the nine months to $1.09 billion. The company moved from a loss of $17 million in the 2019 third quarter to a profit of $132 million in 2020 and from a loss of $60 million in the nine months to June, to a profit of $402 million. Operating cost fell in both periods compared with the 2019 cost. The big problem is that the company continues the extremely poor practice of not showing operating and administrative expenses separately, making it impossible to see what gross margins are. The significant increase in profit is due to claims made on the University going back to 2019, which are booked in the current year that distorts earnings from ongoing operations. 
While earnings per share for the quarter is an attractive 32 cents and year to date 97 cents. Earnings from ongoing operations suggest that the full year’s results should be in the order of 40 cents after a regular tax charge.
The average projected gain for the Junior Market IC TOP 10 stocks is 278 percent, and 152 percent for the JSE Main Market, based on 2020-21 earnings, an indication of potentially more significant gains in the Junior Market than in the Main Market.
Trading ended with an average of 468,316 units changing hands, for the day at $5,144,3583 for each security, in comparison to an average of 909,763 shares at $3,152,673 on Thursday. The average trade for the month to date, ended at 409,246 units at $2,120,026, for each security, in contrast to 401,777 units at $1,737,639 on Thursday. Trading month to date compares well to July, with an average of 392,128 shares for $2,444,356.
Jamaica Producers increased 90 cents to end at $22.90 and finishing with 8,565 shares changing hands, Jamaica Stock Exchange lost 54 cents to close at $20 in trading 130,275 stock units. JMMB Group rose $1.15 to settle at $31.15, trading 23,103 shares, Key Insurance gained 92 cents to end at $7.99 in exchanging 19,577 stock units, MPC Caribbean Clean Energy carved out a gain of $2 in ending at $152 and finishing trading of 800 stock units. Palace Amusement dropped $93.83 to close at $1,690 with investors switching ownership of 10 units, PanJam Investment jumped $3.50 to $72 with an exchange of 86,201 stock units, Proven Investments carved out a gain of 21 cents to close at $34.01 in trading 12,430 stock units. Scotia Group carved out a loss $1.95 in ending at $44.05 in exchanging 102,735 shares, Seprod climbed 99 cents to $54.99, with 7,744 stocks changing hands and Wisynco Group lost 29 cents to end at $17.50 clearing the market with 177,442 stock units.
The market closed with ten securities trading, up from seven on Thursday as ended, with the prices of three stocks advancing, three declining and four remaining unchanged. Stocks passing through the market amounted to 237,902 shares valued at $12,141,404 compared to 219,249 shares for $6,747,616 on Thursday.
Stocks declining│ First Citizens Bank shed 24 cents to settle at $46.75, with 32 units crossing the market, Grace Kennedy lost 5 cents exchanging 75,000 shares and ending at $3.60 and Trinidad and Tobago NGL closed 50 cents lower at $17 trading 30,410 shares.
Trading ended with an average of 909,763 units changing hands for the day at $3,152,673 for each security, in comparison to an average of 152,000 shares at $1,199,070 on Wednesday. The average trade for the month to date ended at 401,777 units at $1,737,639 for each security, in contrast to 330,159 units at $1,538,143 on Wednesday. Trading month to date compares well to July with an average of 374,929 units at $2,445,605 (392,128 shares for $2,444,356.
Kingston Wharves climbed 50 cents to $53, with just 2,071 units passing through the market, Mayberry Investments carved out a loss 75 cents to settle at $5.15 in an exchange of 19,239 shares, Mayberry Jamaican Equities dropped by 45 cents to close at $8.75 with investors wapping 152,360 units. NCB Financial climbed $7.88 trading 65,722 stock units at $137.90, PanJam Investment rose $1.75 to end at $68.50, with 11,860 shares changing hands, Proven Investments dropped $1.90 in ending at $33.80, with 2,500 stocks passing through the market. Sagicor Group increased by $4 to close at $44 in exchanging 682,448 stocks, Salada Foods shed $2 to settle at $25 after exchanging 42,000 units, Scotia Group dropped $1.73 to end at $46 in an exchange of 3,707 stocks. Seprod lost $2.24 to close at $54 in an exchange of 16,518 stocks, Stanley Motta rose 38 cents to settle at $5.13 with investors switching ownership of 37 shares, Supreme Ventures lost 65 cents to end at $14.50 with investors trading 152,771 shares. Victoria Mutual Investments declined by 37 cents to $6.57 with 69,669 stock units changing hands and Wisynco Group gained 58 cents to end at $17.79, with 11,650 stocks clearing the market.
At the close, the All Jamaican Composite Index fell 2,977.80 points to settle at 399,966.07, the Main Index dropped by 2,833.33 points to end at 364,976.44 and the JSE Financial Index carved out a loss 0.77 points to close at 94.06.
For the month to date, the average trade is 330,159 units at $1,538,143 for each security that traded, in contrast to 360,995 units at $1,596,828 to Tuesday. Trading for the month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance carved out a gain of 50 cents ending at $7.50 with investors swapping 1,135 units, Kingston Properties increased 57 cents to $7.60 after exchanging ten units. Kingston Wharves declined by $1.30 to close at $52.50 passing through the market 7,089 stock units, MPC Caribbean Energy declined by $19.85 to settle at $150 in trading 770 stock units, NCB Financial fell by $6.98 in closing at $130.02, with 222,268 shares passing through the market. Proven Investments increased 30 cents to settle at $35.70 in an exchange of 27,348 shares, Sagicor Group advanced by 90 cents in ending at $40 after trading 52,290 units, Salada Foods dropped by $1 to end at $27 in an exchange of 1,000 shares. Seprod advanced by $1.24 to close at $56.24 after trading 5,507 stocks, Sygnus Credit Investments shed 31 cents to close at $15.99 with 7,381 stocks changing hands and Wisynco Group shed 67 cents to end at $17.21 with investors swapping 82,451 units.
Trinidad and Tobago NGL shed 25 cents to finish at $17.25, after exchanging 13,573 shares and West Indian Tobacco suffered a loss of $3 to finish at $36, with a mere 10 units crossing the market.
At the close of the market, the All Jamaican Composite Index carved out a loss of 2,268.81 points to settle at 402,943.87. The JSE Main Index fell 2,044.31 points to end at 367,809.77, the JSE Financial Index fell 0.24 points to settle at 94.83.
The day ended with 269,280 units on average trading at $1,129,730 for each security, in comparison to an average of 308,397 shares at $1,154,272 on Monday. The average traded for the month to date is 360,995 units at $1,596,828 for each security, in contrast to 378,165 units at $1,684,276 on Monday. Trading month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance fell 50 cents to end at $7, with 34,354 shares passing through the market. NCB Financial Group climbed $3.45 to end at $137 after 79,513 shares crossed the exchange, 138 Student Living rose 60 cents to $6.60, finishing trading with 3,119 stock units, PanJam Investment fell $1.26 to $66.74, with an exchange of 11,013 shares, Proven Investments advanced by 40 cents to close at $35.40 trading 151 units. Sagicor Groupfell $1.41 after closing at $39.10 and exchanging 39,769 stocks, Sagicor Real Estate Fund lost 84 cents to end at $8 in trading 10,098 units, Salada Foods climbed $1 to close at $28 and clearing the market with just 200 shares. Scotia Group gained $3.30 to close at $47.50, finishing trading of 7,124 shares, Seprod fell $1.96 to close at $55 after exchanging 31,637 stocks and Stanley Motta declined by 38 cents to settle at $4.75 in trading 15,000 shares.
An average of 378,165 units traded for the month to date at $1,684,276 for each security, in contrast to 394,720 units at $1,810,039. Trading month to date compares adversely to July that ended with an average of 392,128 shares for $2,444,356.
First Rock Capital lost 51 cents to end at $13.50, clearing the market with 3,913 stock units, Jamaica Producers Group carved out a gain of $1.10 to close at $23.85 after exchanging 18,550 stock units, Jamaica Stock Exchange rose 95 cents to settle at $23.95, with 55,562 stock units crossing the exchange. Key Insurance fell by $1 closing at $7.50, with 10,894 units changing hands, Kingston Wharves rose $2.80 ending at $53.80 with an exchange of 768 units, NCB Financial Group dropped $4.45 to end at $133.55 while trading 32,645 units. Palace climbed $222.83 to $1,783.83 and 9 stock units passing through the market, Sagicor Group dipped $1.49 to settle at $40.51 exchanging 44,579 units. Sterling Investments lost 30 cents to end at $2.70 with investors swapping 932 shares and Wisynco Group gained 39 cents to end at $17.99 with an exchange of 28,333 stock units.