Declining stocks overwhelmed advancing ones on the Trinidad and Tobago Stock Exchange on Wednesday as trading contracted sharply from Tuesday’s levels leading the leading market indices to close higher when trading was complete.
The market closed with thirteen securities trading with one advancing, six declining and six ending unchanged. Stocks passing through the market amounted to 100,174 units for $1,354,857 compared to 500,739 shares for $16,545,307 on Tuesday from 15 securities.
The T&T Composite Index gained 2.91 points to 1,298.41. The All T&T Index advanced by 7.37 points to 1,760.52, while the Cross Listed Index shed 0.22 points to close at 113.01.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than its last selling price and three with lower offers.
Gainers│ First Citizens Bank advanced by $1.47 to $45.97, transferring 5,340 stock units.
Losers│ Ansa McAL shed 10 cents trading 100 units in closing at $54.40, First Caribbean International ended 5 cents lower at $7.25 after exchanging 1,850 units, JMMB Group closed at $1.95, with a loss of 5 cents in transferring 2,100 units. One Caribbean Media swapped 1,400 units at $5.45, after losing 5 cents, Scotiabank dropped 49 cents to $54.50 trading 5,624 stock units and 
Trinidad and Tobago NGL lost $1 to $19 while exchanging 10,463 stock units.
Firm Trades│ Clico Investments held firm at $25.45 exchanging 1,546 units, Massy Holdings remained at $57.60 after 6,398 stock units crossed the exchange, National Enterprises was unchanged at $4.25, in trading 869 units. National Flour held at $1.90, with 62,674 shares changing hands, Republic Financial Holdings exchanged 110 units at $133 and Unilever Caribbean swapped 1,700 units at $16.99.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the JSE All Jamaican Composite Index declined by 2,583.02 points to 412,781.30, the JSE Market Index dropped 2,341.78 points to 376,397.69 and the JSE Financial Index was down 1.36 points to 97.68. The PE ratio of the market ended at 14.6, while the Main Market ended at 14.9 times 2020-21 earnings.
Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
138 Student Living closed at $6.01, after losing 59 cents trading 25,884 stock units. Palace Amusement gained $199 in swapping two stock units and closed at $1,900, Pan Jam Investment ended at $74.95, with gains of 95 cents after transferring 4,919 units, Proven Investments declined by $3.35 to end at $33.65, in exchanging 1,726 units. Sagicor Group added $1.50 to end at $46, with 64,238 stock units changing hands, Scotia Group shed 76 cents to finish at $47.19, after trading 52,931 stock units, Seprod fell by $1.19 to $53.60, in transferring 15,839 units and Sygnus Credit Investments ended the day at $16.80, with a loss of 64 cents in exchanging 12,826 units.
At the close of trading, the JSE All Jamaican Composite Index fell by 558.44 points to 415,364.32, the JSE Market Index shed 505.53 points to 378,739.47 and the JSE Financial Index gained 0.03 points to end at 99.04. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Thursday amounted to 242,868 units valued at $2,794,626, in contrast to 408,628 units valued at an average of $7,102,646 on Monday. The average volume and value for the month to date amount to 429,778 units valued at $5,919,987 for each security changing hands, compared to 454,239 units with an average value of $6,396,116. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Investments lost 40 cents to close at $5.50, with the transfer of 127,000 shares, NCB Financial Group advanced by $4.75 to $144.75, with 152,989 stock units changing hands, Palace Amusement ended $499 lower at $1,701 with 48 units crossing the exchange. Proven Investments added $1.60 trading 57,251 stock units and closed at $37, Sagicor Group gained 50 cents to end at $44.50, in transferring 19,054 units, Salada Foods dived $3.01 after exchanging 3,463 stock units to settle at $26. Scotia Group closed $1.87 higher at $47.95, with 712,104 shares crossing the market, Seprod advanced $1.23 to $54.79, with 124,459 shares changing hands and Supreme Ventures ended at $15.50, after gaining 54 cents in trading 85,516 stock units.
The market closed with fifteen securities trading with the price of five stocks advancing, two declining and eight remaining unchanged. The volume of stocks passing through the market amounted to 500,739 shares valued at $16,561,837 compared to 82,589 shares for $1,488,088 on Monday from trading 16 securities.
Losers│ First Citizens declined by $1.50 to $44.50, after exchanging 12,321 units and Trinidad Cement lost 10 cents trading 10,625 units to end at $1.85.
The average security trading on Monday amounted to 408,628 units at $7,102,646, in contrast to 367,026 units valued at an average of $2,824,785 on Friday. The average volume and value for the month to date amount to 454,239 units valued at $6,396,116 for each security changing hands, compared to 462,352 units with an average of $6,245,434. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
MPC Caribbean Clean Energy dropped $6 to close at $159, with 600 units crossing the exchange, NCB Financial Group sustained a loss of $7 trading 989,511 shares to finish at $140. 138 Student Living lost 31 cents to settle at $6.60, with 106,049 shares changing hands, Palace Amusement jumped $500 to reach $2,200 after a mere eight units traded, PanJam Investment closed 75 cents lower to $74, in exchanging 12,670 units. Proven Investments advanced by $2.40 to $35.40 after transferring 28,462 units, Sagicor Group fell $1.50 to $44 trading 228,087 shares, Salada Foods shed 49 cents to end at $29.01, after swapping 3,400 units. Seprod declined $1.24 in transferring $147,046 shares and closed at $53.56 and Sygnus Credit Investments ended the day at $17.47, with gains of $1.47 trading 22,438 units.
Firm Trades│ Agostini’s traded 407 units at $25, Angostura Holdings closed at $14.45 with 913 units changing hands, Guardian Holdings traded 10,855 stock units at $18.40. MPC Caribbean Clean Energy exchanged 100 units at $1, National Flour swapped 5,395 units at $1.90, NCB Financial remained at $7.55 with 15,087 stock units changing hands. One Caribbean Media traded 5,453 units at $5.50, Trinidad Cement exchanged 1,025 units at $1.95, Trinidad & Tobago NGL ended at $19 trading 11,795 stock units and Unilever Caribbean swapped 8,262 stock units at $16.99.
Junior Main Market stocks pulled back this week, resulting in few changes to the IC Insider.com TOP 10 lists as the market may be caught in the usual early summer of consolidation ahead of the release of second-quarter results.
In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 210 percent.
The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 60 percent of the PE of the market.
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 
At the close, the JSE All Jamaican Composite Index declined by 101.01 points to 417,661.84, the JSE Market Index shed 15.45 points to 380,836.95 and the JSE Financial Index lost 0.19 points to 99.60. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Friday amounted to 367,026 units valued at $2,824,785, in contrast to 211,895 units at an average of $923,118 on Thursday. The average volume and value for the month to date amount to 462,352 units valued at $6,245,434 for each security changing hands, compared to 594,225 units with an average of $6,972,813. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Kingston Wharves fell $2.20 to $55.79, with 3,000 units crossing the market. Mayberry Jamaican Investments gained 50 cents transferring 5,500 units in settling at $10.50, NCB Financial Group closed $2 higher at $147, with 74,083 shares crossing the exchange, Palace Amusement jumped $450 to $1,700, after exchanging only 2 stock units. Proven Investments shed 85 cents to end at $33, in swapping 22,693 units, Sagicor Group lost 49 cents trading 373,568 shares and closed at $45.50, Sagicor Real Estate Fund gained 75 cents in transferring 24,861 units in settling at $7.75. Seprod closed 30 cents higher at $54.80, with 23,473 units changing hands and Sygnus Credit Investments ended at $16, with a loss of $1.40 after trading 48,957 units.
At the close, the JSE All Jamaican Composite Index gained 708.47 points to 417,762.85, the JSE Market Index advanced by 727.80 points to 380,852.40 and the JSE Financial Index rose 0.39 points to 99.79. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.9 times 2020-21 earnings.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
MPC Caribbean Clean Energy advanced $4 to $165, in transferring 60 units. NCB Financial Group climbed $5 to $145 trading 67,678 shares, Palace Amusement rose $50 to end at $1,250, after swapping 67 units, Proven Investments closed 85 cents higher exchanging 26,185 stock units to end at $33.85. Sagicor Real Estate Fund lost 50 cents trading 24,533 units to finish at $7, Salada Foods gained 96 cents and closed at $29.50, with 398 units changing hands, Scotia Group settled at $46.17, with a loss of 31 cents in exchanging 25,904 stock units. Seprod closed 30 cents lower at $54.50 after transferring 20,808 stock units and Wisynco Group ended with a loss 44 cents trading 184,883 shares at $18.
The market closed with sixteen securities trading with the prices of three stocks advancing, two declining and eleven unchanged. The volume of stocks passing through the market amounted to 133,055 shares valued at $5,361,018 compared to 143,429 shares for $2,691,521 on Wednesday from 17 securities.
and Unilever Caribbean lost 1 cent in transferring 250 units to close at a 52 weeks’ low of $16.98.