Market activity picked up on Trinidad and Tobago Stock Exchange on Monday, with 108 percent more stocks trading with a value 60 percent more than on Friday, resulting in 16 securities trading compared with 19 on Friday, with prices of six rising, five declining and five remaining unchanged.
investors traded 592,466 shares on Monday for $3,826,054 versus 284,719 stock units at $2,391,052 on Friday.
An average of 37,029 shares were traded at $239,128 versus 14,985 units at $125,845 on Friday, with trading month to date averaging 18,512 shares at $205,690 compared with 13,733 units at $197,061 on the previous trading day. The average trade for October amounts to 29,755 at $358,068.
The Composite Index fell 2.07 points to 1,313.87 the All T&T Index shed 4.82 points to end at 1,950.82 and the Cross-Listed Index gained 0.12 points to settle at 88.51.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s increased 99 cents in closing at $43 while exchanging ten shares, Ansa McAl declined 80 cents to end at $53 after trading 153 stock units,Calypso Macro Investment Fund ended at $20.55 in exchanging 45 stocks. Clico Investment Fund remained at $29.50 with investors transferring 8,646 units, First Citizens Group remained at $50.10 after exchanging 5,240 units, GraceKennedy rose 8 cents to $5, with 32,480 stocks changing hands. Guardian Holdings rallied 31 cents to end at $25.51 with an exchange of 35,332 shares, 
Massy Holdings ended at $4.40 after trading 40,615 stock units, National Enterprises popped 1 cent to $3.26 after a transfer of 441,535 stock units. One Caribbean Media ended at $3.70 with 115 shares changing hands, Republic Financial lost $1.73 to end at $132.02 in switching ownership of 600 units, Scotiabank dropped 65 cents to $76 after exchanging 1,423 stocks. Trinidad & Tobago NGL gained 22 cents in closing at $21.97 with the swapping of 10,449 stocks, Trinidad Cement advanced 3 cents to close at $3.55, with 3,500 units clearing the market, Unilever Caribbean fell 10 cents to $12.90 in an exchange of 7,664 stock units and West Indian Tobacco dropped 9 cents to $21.70, with 4,659 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on TTSE on Monday
Lasco Financial heads Junior Market TOP10
Iron Rock Insurance rose 23 percent for the past week after closing at $2.72. It exited ICInsider.com TOP10 of Junior Market stocks while Lasco Financial climbed back into the top list to be the stock likely to gain the most into the first half of 2023, with 268 percent, at the same time, Key Insurance gained 8 percent to close the week at $3.76, enough to push it from the TOP10 to be replaced by Radio Jamaica that dropped to $1.81 on Friday.
Following Lasco Financial half year results, with profit up 26 percent in the September quarter, earnings for the full year were raised from 40 cents to 50 cents, with the company resuming growing the loan portfolio. Lasco Manufacturing released six months of results to September that rose 23 percent in the quarter, an improvement over the first quarter and retains earnings previously projected.
The past week ended with the Junior Market moving modestly higher, as it continues to consolidate ahead of a break that is poised to move it sharply higher, with third quarter results to start hitting the market in droves this week and next. The Main Market also closed marginally higher at the week’s end than the previous one.
The Junior Market rise during the week benefitted from three of the top 10 stocks gaining between 5 percent and 23 percent with only one decline of note. The Main Market’s highest loser fell 4 percent, while four stocks gained 4 to 8 percent.
Other notable price changes during the week include Dolphin Cove, with an increase of 8 percent to $14 and Paramount Trading, up 5 percent to $1.99, while Lasco Manufacturing declined 9 percent to close the week at $3.85 in the Junior Market and in the Main Market, Productive Business Solutions rose 6 percent to $1.38, Guardian Holdings jumped 5 percent to $519 following the release of impressive nine months results and VVM Investments popped 5 percent to $4.80 while Caribbean Producers slipped 4 percent to $13.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.6. At the same time, the Junior Market Top 10 PE sits at 5.9 versus the market at 12.6, an important indicator of the level of undervaluation of the ICTOP10s tocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent by May 2023.
The Junior Market has 14 stocks representing a third of the market, with PEs from 16 to 38, averaging 22 compared with the average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 15 highest valued stocks priced at a PE of 15 to 80, with an average of 25 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
TTSE stocks declined on Friday
The volume of stocks trading on the Trinidad and Tobago Stock Exchange on Friday jumped 156 percent over Thursday, with the value falling 52 percent and resulting in an exchange of 19 securities up from compared with 15 on Thursday, with four stocks rising, six declining and nine remaining unchanged.
Investors exchanged 284,719 shares for $2,391,052 versus 111,287 stock units at $4,993,713 on Thursday. An average of 14,985 units were traded at $125,845 compared with 7,419 shares at $332,914 on Thursday, with trading month to date averaging 13,733 shares at $197,061 versus 13,180 units at $228,528 on the previous day. The average trade for October amounts to 29,755 at $358,068.
The Composite Index fell 2.55 points to 1,315.94, the All T&T Index lost 16.55 points to end at 1,955.64 and the Cross-Listed Index rallied 1.74 points to settle at 88.39.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Angostura Holdings remained at $24.15 after a transfer of 1,830 shares, Ansa McAl ended at $53.80 with investors transferring 246 stocks, Calypso Macro Investment Fund remained at $20.55 in trading 197 units. Clico Investment Fund fell 1 cent to $29.50 in exchanging 5,063 stock units, First Citizens Group ended at $50.10 as investors swapped 2,265 stock units, GraceKennedy shed 8 cents to $4.92, with 4,020 stocks crossing the exchange. Guardian Holdings remained at $25.20 in an exchange of 24,839 units, Massy Holdings dipped 5 cents in closing at $4.40 as 83,435 shares passed through the market, National Enterprises lost 1 cent to end at $3.25, with 31,840 stocks changing hands. 
National Flour Mills dipped 1 cent to $1.64 after an exchange of 800 shares, NCB Financial increased 29 cents in closing at $5.05 after trading 112,000 stock units, One Caribbean Media ended at $3.70 in switching ownership of 1,000 units. Point Lisas ended at $3.06 with an exchange of 5,000 stock units, Republic Financial advanced 75 cents to $133.75 as investors swapped 1,079 stocks, Scotiabank remained at $76.65 with the swapping of 1,605 shares. Trinidad & Tobago NGL declined 24 cents to $21.75, with 200 units crossing the market, Trinidad Cement popped 2 cents in closing at $3.52 while exchanging 3,000 stocks, Unilever Caribbean gained 10 cents to end at $13 with 6,200 shares clearing the market and West Indian Tobacco remained at $21.79 with a transfer of 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in money exchanged on TTSE
Market activity ended in a 58 percent fall in the volume of stocks traded on the Trinidad and Tobago Stock Exchange on Thursday, with a value 141 percent more than on Wednesday and resulting in 15 securities trading compared with 15 on Wednesday, with three stocks rising, eight declining and four remaining unchanged.
Investors traded 111,287 shares for $4,993,713 versus 263,894 stocks at $2,069,609 on Wednesday.
An average of 7,419 units were exchanged at $332,914 compared with 17,593 shares at $137,974 on Wednesday, with trading month to date averaging 13,180 shares at $228,528 versus 16,266 units at $172,607 on the previous day. The average trade for October amounts to 29,755 at $358,068.
The Composite Index rose 5.82 points to 1,318.49, the All T&T Index increased 11.58 points to 1,972.19 and the Cross-Listed Index declined 0.05 points to 86.65.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings dropped 80 cents to $24.15 with a transfer of 2,540 shares, Calypso Macro Investment Fund shed $1.45 after ending at $20.55 in switching ownership of 1,723 units, Clico Investment Fund dipped 35 cents in closing at $29.51 trading 4,846 stock units. First Citizens Group fell 1 cent to end at $50.10, with 637 stocks crossing the exchange, FirstCaribbean International Bank declined 1 cent to close at a 52 weeks’ low of $4.99 with investors transferring 500 stocks, Guardian Holdings advanced 7 cents to end at $25.20 after exchanging 6,159 units. 
JMMB Group remained at $2 after an exchange of 1,900 shares, Massy Holdings popped 5 cents to $4.45 as 28,995 stock units passed through the market, National Enterprises popped 1 cent to close at $3.26 in trading 106 units. National Flour Mills ended at $1.65 in trading 23,238 shares, NCB Financial closed at $4.76 with 100 stock units crossing the market, Point Lisas lost 19 cents to close at $3.06 with an exchange of 8,571 stocks. Republic Financial remained at $133 in trading 31,642 stocks, Scotiabank fell $1.15 to $76.65, with 20 shares crossing the market and West Indian Tobacco dipped 10 cents in closing at $21.79 after a transfer of 310 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed results for TTSE
Market activity ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 38 percent, with the value 25 percent lower than on Tuesday, resulting in 15 securities trading compared with 13 on Tuesday, with stocks rising, declining and unchanged sharing five each.
Investors exchanged 263,894 shares for $2,069,609 against 191,557 stock units at $2,763,387 on Tuesday. An average of 17,593 units were traded at $137,974 compared to 14,735 shares at $212,568 on Tuesday, with trading month to date averaging 16,266 shares at $172,607. The average trade for October amounts to 29,755 at $358,068.
The Composite Index popped 1.90 points to 1,312.67, the All T&T Index lost 5.82 points to close at 1,960.61 and the Cross-Listed Index climbed 1.42 points to 86.70.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s shed 99 cents after ending at $42.01 as investors exchanged 7,784 shares, Angostura Holdings advanced 80 cents in closing at $24.95 after a transfer of 206 stock units, Clico Investment Fund ended at $29.86 while exchanging 2,787 stocks. First Citizens Group rose 1 cent to close at $50.11 with 2,340 units changing hands, FirstCaribbean International Bank remained at $5 as 160 shares crossed the market, GraceKennedy remained at $5 in trading 643 units. 
Guardian Holdings ended at $25.13, with ten stock units crossing the exchange, Massy Holdings dipped 9 cents in closing at $4.40 in exchanging 160,676 stocks, NCB Financial climbed 20 cents to $4.76 in switching ownership of 1,060 stock units. Republic Financial dropped $2 to end at $133 with an exchange of 958 stocks, Scotiabank popped 80 cents to end at $77.80, with 3,139 units crossing the market, Trinidad & Tobago NGL lost 1 cent to close at $21.99 trading 5,597 shares. Trinidad Cement rallied 2 cents after ending at $3.50 in exchanging 74,834 stock units, Unilever Caribbean ended at $12.90, with 2,500 units changing hands and West Indian Tobacco declined 1 cent to $21.89 with 1,200 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dips on TTSE on Tuesday
Trading on the Trinidad and Tobago Stock Exchange was flat on Tuesday, with more stocks declining than rising and the volume of stocks traded declined 48 percent, with a slightly higher value than on Monday which resulted in 13 securities trading down from 22 on Monday and ended with the prices of two stocks rising, seven declining and four remaining unchanged.
Investors traded 191,557 shares for $2,763,387 versus 370,618 stock units at $2,662,246 on Monday, resulting in an average of 14,735 units trading at $212,568 compared to 16,846 shares at $121,021 on Monday. The average trade for October amounts to 29,755 at $358,068.
The Composite Index shed 4.74 points to close at 1,310.77, the All T&T Index advanced 0.85 points to 1,966.43 and the Cross-Listed Index dipped 1.50 points to settle at 85.28.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings dipped 80 cents in closing at $24.15 as 68,297 shares passed through the market, Calypso Macro Investment Fund ended at $22, with 20 stocks changing hands, CinemaOne remained at $5.98 after trading 100 stock units. Clico Investment Fund declined 4 cents to close at $29.86 in an exchange of 821 units, First Citizens Group remained at $50.10 with the swapping of 10,190 shares, Guardian Holdings dropped 7 cents to $25.13 with investors exchanging 1,787 units. 
Massy Holdings shed 1 cent to end at $4.49 with the swapping of 7,132 stocks, National Flour Mills popped 6 cents to $1.65 with an exchange of 250 shares, NCB Financial fell 4 cents to $4.56 with investors transferring 49,904 stocks. One Caribbean Media ended at $3.70 with a transfer of 105 units, Republic Financial advanced $2 to close at $135 in switching ownership of 353 shares, Trinidad Cement lost 2 cents to end at $3.48 in exchanging 50,370 stock units and West Indian Tobacco dipped 10 cents to $21.90 while exchanging 2,228 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Month end dip for Trinidad Exchange
Trading ended with the volume of stocks exchanged rising 39 percent with the value 27 percent lower than on Friday at the close of the Trinidad and Tobago Stock Exchange on Monday, resulting in 22 securities changing hands up from 18 on Friday, with prices of four rising, nine declining and nine remaining unchanged.
Trading resulted in a total of 370,618 shares changing hands for $2,662,459 versus 265,800 stock units at $3,622,246 on Friday.
An average of 16,846 shares were exchanged at $121,021 compared with 14,767 shares at $201,236 on Friday, with trading month to date averaging 29,755 shares at $358,163 compared with 30,591 units at $373,508 on the previous trading day. The average trade for September ended with 45,817 stock units at $463,533.
The Composite Index shed 5.12 points to 1,315.51, the All T&T Index fell 5.87 points to 1,965.58 and the Cross-Listed Index slipped 0.60 points to settle at 86.78.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $43, trading 39 shares, Angostura Holdings ended at $24.95 after 120 stocks crossed the market, Ansa McAl remained at $53.80 as 91 units passed through the market. Clico Investment Fund dipped 10 cents to $29.90 with 3,701 stock units changing hands, Endeavour Holdings popped 10 cents to $7.10 in trading 1,000 stock units, First Citizens Group gained 5 cents to close at $50.10 with an exchange of 3,013 units. FirstCaribbean International Bank ended at $5 after an exchange of 9,940 stocks, GraceKennedy lost 20 cents in ending at $5 in switching ownership of 65,014 shares, Guardian Holdings advanced 14 cents to $25.20, with 6,141 stocks changing hands. JMMB Group ended at $2 in trading 100 shares, L.J. Williams B share increased 15 cents to $2.20 with an exchange of 21 units, Massy Holdings remained at $4.50, with 1,501 shares clearing the market. 
National Enterprises dipped 1 cent to $3.25 in exchanging 179,080 stocks, NCB Financial shed 21 cents in closing at $4.60 while trading 77,096 stock units, One Caribbean Media fell 10 cents to a 52 weeks’ low of $3.70 after closing with an exchange of 3,386 shares. Point Lisas remained at $3.25 after a transfer of 10 units, Republic Financial declined $2 in closing at $133 with 20 stock units changing hands, Scotiabank fell 85 cents to close at $77 after exchanging 7,929 shares. Trinidad & Tobago NGL dipped 5 cents to $22 with the swapping of 7,146 stocks, Trinidad Cement ended at $3.50 in an exchange of 200 units, Unilever Caribbean shed 14 cents to $12.90 with investors transferring 500 stock units and West Indian Tobacco remained at $22 as investors exchanged 4,570 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Medical Disposables now a Stock to Watch
One on One Education climbed 11.4 percent during the past week to close at $1.66 following addition to the Stocks to Watch list while Knutsford Express climbed back to close at $9.10 from $8 at the end of the previous week and hit a new 52 weeks’ high of $9.75 on Thursday.
Medical Disposables
Medical Disposables dropped out of the ICTOP10 into the Stocks to Watch, but this publication gathers that the half year results due out by next week will continue to reflect increased cost outpacing the rise in sales. ICInsider.com forecast is for increased profits for the year to March 2023 at 75 cents per share which is likely to eventually push the stock price higher and trigger a stock split in 2023.
Buffetted by the closure of the entertainment business in 2020, Palace Amusement had another tough two years, with the 2022 fiscal year ending with a loss of $257 million, down from a loss of $383 in 2021. The improved result was mainly occasioned by a small profit of $12 million in the final quarter as revenues climbed to $275 million in the fourth quarter bettering the $106 million generated in all of the 2021 fiscal year. Revenues in the fourth quarter were well up on the third quarter with $142 million. The much improved June quarter revenue is still some distance from the $338 million generated in the June 2019 quarter, with a profit then of $36 million, but the 2022 results suggest that the company is not far from getting back to normal levels and if so could boost the stock price, currently in the $800 range and by far the highest priced ordinary share on the market currently.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, Medical Disposables, NCB Financial, One on One, Palace Amusement, Paramount Trading, Scotia Group and Stationery and Office Supplies.
Palace Portmore cinema
Based on recent releases of quarterly results Caribbean Assurance Brokers should be releasing nine months’ results this week that should reflect record earnings, which could move the stock price. The same goes for Lasco Distributors and Lasco Manufacturing and Stationery and Office Supplies should report nine months’ results around November 11.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Persons who compiled this report may have an interest in securities commented on.
Promise for Junior Market TOP10
In a week when Junior Market made a modest move higher, as it looks well positioned to break sharply higher, with third quarter results hitting the market in droves beginning this week, the Main Market closed at its lowest level since the year of covid-19, at the start of September 2020, but may not be far from bottoming.
Junior Market with wedge formation that looks poised to break sharply higher.
NCB Financial dropped to a 52 weeks’ low of $80 during Friday’s trading and was the main factor in the market two year low.
This week, Medical Disposables earnings were downgraded to a respectable 75 cents, which is inadequate to keep it in the ICTOP10 but remains a strong buy for investors to enjoy growth. Lasco Manufacturing rejoins the Junior Market ICTOP10.
Even as the junior market rose during the week, three of the top 10 stocks declined between 5 percent and 11 percent with no increases of note. The Main Market’s highest losers fell 7 percent, with no significant gains in the market listing.
Price changes worth noting include iron rock insurance, with an 11 percent fall to $2.22, followed by General Accident with a decline of 10 percent to $4.55, Paramount Trading lost 7 percent to $1.90. Caribbean Cream declined 6 percent to close the week at $3.86 in the Junior Market and in the Main Market, VVM Investments fell 7 percent to $4.60 while Productive Business Solutions slipped 6 percent to $1.30. JMMB Group was down 5 percent to $36.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of13.5, while the Junior Market Top10 PE sits at 5.6 versus the market at 12.9 , important indicators of the level of undervaluation of the ICTOP10stocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent to May 2023.
The Junior Market has 15 stocks representing a third of the market, with PEs from 15 to 39, averaging 22 compared with the above average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 14 highest valued stocks priced at a PE of 16 to 76, with an average of 26 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Gains outshine losses on TTSE Friday
Rising stocks outnumbered those rising at the close of activity on the Trinidad and Tobago Stock Exchange on Friday, with a 78 percent fall in the volume of stocks traded and an 84 percent decline in the value compared with Thursday, resulting in 18 securities trading down from 20 on Thursday, with seven stocks rising, three declining and eight remaining unchanged.
Investors traded 265,800 shares for $3,622,246 down from 1,193,737 stocks at $22,855,716 on Thursday.
An average of 14,767 shares were traded at $201,236 versus 59,687 stocks at $1,142,786 on Thursday, with trading month to date averaging 30,591 shares at $373,508 versus 31,475 units at $383,138 on the previous day. The average trade for September to 45,817 at $463,533.
The Composite Index rallied 3.74 points to 1,320.63, the All T&T Index advanced 5.08 points to 1,971.45 and the Cross-Listed Index popped 0.32 points to settle at 87.38.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings climbed 81 cents after ending at $24.95 while trading 40 shares, Calypso Macro Investment Fund remained at $22 as investors exchanged 111 stocks, Clico Investment Fund gained 5 cents to end at $30, with 50,344 units crossing the market. First Citizens Group ended at $50.05 in trading 679 stock units, GraceKennedy advanced 20 cents to $5.20 with investors transferring 237 stocks, Guardian Holdings ended at $25.06 after exchanging 2,000 shares. JMMB Group remained at $2 in trading 14,366 stock units, Massy Holdings dropped 1 cent to $4.50 after an exchange of 108,619 units, National Enterprises popped 11 cents to close at $3.26 with 3,412 units changing hands. 
NCB Financial increased 1 cent to $4.81, with 40,290 stock units crossing the exchange, Point Lisas remained at $3.25 in switching ownership of 10 shares, Prestige Holdings ended at $6.50, with 1,020 stocks clearing the market. Republic Financial fell 2 cents to end at $135 after trading 527 units, Scotiabank remained at $77.85 with a transfer of 6,561 shares, Trinidad & Tobago NG shed 5 cents in ending at $22.05 after dealings in 24,719 stocks. Trinidad Cement ended at $3.50, with 5,010 stock units crossing the market, Unilever Caribbean rose 22 cents in closing at $13.04 after a transfer of 1,836 shares and West Indian Tobacco rallied 45 cents to end at $22 with an exchange of 6,019 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.