Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 41 percent and a 46 percent lower value than on Friday leading to 17 securities traded compared to 19 on Friday, with prices of nine rising, four declining and four remaining unchanged.
The Composite Index climbed 9.59 points to 1,372.65, the All T&T Index rose 4.29 points to 2,026.64 and the Cross-Listed Index popped 2.14 points to close at 94.19.
A total of 351,922 shares were traded for $1,705,594 compared to 249,948 units at $3,149,970 on Friday. An average of 20,701 units traded at $100,329 compared to 13,155 shares at $165,788 on Friday, with trading month to date averaging 42,068 units at $245,899 versus 44,411 units at $261,854 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s advanced 5 cents to $45.55 in exchanging 100 shares, Clico Investment Fund climbed 9 cents to end at $28.60 in switching ownership of 2,330 units, First Citizens Group finished at $49.35 in an exchange of 100 stock units. FirstCaribbean International Bank increased 49 cents to close at $5.50 after trading 1,630 stocks, GraceKennedy shed 9 cents in ending at $5.31, with 200 shares crossing the market, JMMB Group fell 1 cent to $2.30 with 92,991 stock units changing hands.
L.J. Williams B share dropped 14 cents to $2.01 trading ten stocks, Massy Holdings rallied 1 cent in closing at $4.79 with the swapping of 11,993 units, National Enterprises gained 1 cent to end at $3.25, with 219,493 units changing hands. One Caribbean Media rose 9 cents to close at $4.09 after exchanging 350 stock units, Prestige Holdings declined 24 cents to close at $6.75, with 67 shares clearing the market, Republic Financial Holdings remained at $141 after exchanging 200 stocks. Scotiabank popped $1.81 to $76.81 after 2,089 stock units crossed the exchange, Trinidad & Tobago NGL rose 3 cents to $21.50 in trading 8,146 shares, Trinidad Cement ended unchanged at $3.60 with 361 units changing hands, Unilever Caribbean ended unchanged at $12.50 with an exchange of 489 stocks and West Indian Tobacco gained 1 cent to close at $23.45 while exchanging 11,373 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
TTSE stocks mostly rose on Monday
More changes to ICTOP10
While some investors were selling shares to buy into the latest IPO to hit the market, recent investors in the Junior Market listed Dolla Financial gave the market a shot in the arm following a disclosure that the company had corresponded with Access Financial to explore merger talks.
Investors reacted the first chance they had and drove the prices of both stocks higher on Friday.
The Ipo of OneonOne IPO opened on Friday morning and closed at the end of the day, as was to be expected, after attracting some 15,000 applications. The shares are likely to be listed before the end of August, with a name change to follow. ICInsider.com expects the stock will move into the $2 range sometime after listing.
The disclosure of the Dolla interest sent the TOP 10 listed Access up $5.79 or 25 percent to close at $25 on Friday, with the stock falling from the TOP10. Other big Junior Market TOP10 movers this past week are Caribbean Assurance Brokers, up 12 percent lower at $2.80, Paramount Trading with a rise of 9 percent, CAC 2000, up 6 percent to $7.65, while General Accident dropped 9 percent to a very attractive price of $5.
The Main Market ended the week with 138 Student Living jumping 23 percent to $5 and is likely to rise further, with the company posting solid results after the market closed, with earnings of 21 cents for the June quarter and 58 cents per share for the nine months to June. Berger Paints rose 8 percent to $11.93, VM Investments popped 4 percent to $5.20 and Guardian Holdings reversed most of the previous week’s gain by dropping a sharp 22 percent from $650 to $506.
The new entrants to the ICTOP listing are Iron Rock Insurance and Lasco Manufacturing, replacing Access Financial and Paramount Trading. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market is projected to rise 240 percent and the Main Market TOP10 an average of 235 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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.
Fesco heads stocks to watch
Future Energy Source stunned the market with fabulous results for the first quarter that suggests earnings for the full year should hit 26 cents and thus bringing the PE ratio to a realistic 20 which is comparable to a number of other companies in the market. Demand should come in at the current $5.29 price, it closed on Friday.
138 Student Living should earn 80 cents for the year to September after posting 58 cents for the nine months to June and should move higher. Stationery and Office Supplies reported continued strong 2022 results and will be paying an 18 cents dividend with a second expected based on this year’s good earnings saw more than 551,000 shares trading on Friday in response to the results.
This week’s other ICInsider.com watch list are Access Financial, Caribbean Assurance Brokers, Dolphin Cove, Caribbean Producers, Everything Fresh, Express Catering, General Accident, Guardian Holdings, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing, NCB Financial and Paramount Trading.
Dolphin Cove, Caribbean Producers, Express Catering will be major beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks, but investors may be reluctant to pile into the stock ahead of the hurricane season.
Trading picks up on TTSE on Friday
The Trinidad and Tobago Stock Exchange closed on Friday, with the volume of stocks traded increasing 41 percent and the value jumping 174 percent over Thursday, leading to more stocks deciding than rising.
A total of 249,948 shares were traded for $3,149,970 versus 177,425 units at $1,156,400 on Thursday, with an average of 13,155 units traded at $165,788 compared to 8,449 shares at $55,057 on Thursday. Trading month to date averages 44,411 units at $261,854 versus 48,778 units at $275,275 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
A total of 19 securities traded compared to 21 on Thursday, with four stocks rising, eight declining and seven remaining unchanged. The Composite Index fell 8.31 points to 1,363.06, the All T&T Index dropped 13.49 points to 2,022.35 and the Cross-Listed Index shed 0.39 points to close at 92.05.
The investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings shed 25 cents to close at $26.25, with 132 shares clearing the market, Ansa McAl declined 81 cents to close at $57, with 6,000 units crossing the market, Clico Investment Fund lost 19 cents in closing at $28.51 with an exchange of 19,931 stocks. First Citizens Group rallied 10 cents to $49.35 after an exchange of 8,159 stock units, GraceKennedy popped 10 cents in, ending at $5.40 after exchanging 4,847 shares, Guardian Holdings remained at $26.74, trading 138 stock units. JMMB Group popped 1 cent to $2.31 in switching ownership of 910 stocks, L.J. Williams B share finished at $2.15 after exchanging 3,280 units, Massy Holdings fell 10 cents to end at $4.78 while exchanging 28,141 units.
National Enterprises ended at $3.24 in an exchange of 123,316 shares, National Flour Mills finished at $1.55, with 249 stocks changing hands, NCB Financial Group dipped 10 cents to close at $5.06 after trading 12,236 stock units. One Caribbean Media shed 5 cents to $4 in exchanging 22,279 stock units, Republic Financial Holdings ended unchanged at $141 with the swapping of 398 shares, Scotiabank dropped $1.80 in closing at $75 after 11,743 units crossed the market. Trinidad & Tobago NGL declined 10 cents to $21.47 in trading 5,469 stocks, Trinidad Cement climbed 8 cents to close at $3.60 after 294 shares were traded, Unilever Caribbean remained at $12.50 after exchanging 1,880 stocks and West Indian Tobacco finished at $23.44 in an exchange of 546 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading in Trinidad
Trading on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining by 92 percent, with a 90 percent lower value than on Wednesday, resulting in an exchange of 21 securities compared to 19 on Wednesday, with prices of four rising, eight declining and nine remaining unchanged and ending with marginal changes to the market indices.
A total of 177,425 shares were traded for $1,156,400 compared to 1,102,530 units at $12,104,365 on Wednesday. An average of 8,449 units traded at $55,067 compared to 110,659 shares at $637,072 on Wednesday, with trading month to date averaging 48,778 units at $275,273 versus 56,142 units at $315,487 on the previous trading day. Trading in July averaged 28,304 units at $283,023.
The Composite Index slipped 0.68 points to 1,371.37, the All T&T Index rose 0.69 points to 2,035.84 and the Cross-Listed Index shed 0.30 points to settle at 92.44.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $45.50, with 705 shares changing hands, Angostura Holdings ended unchanged at $26.50 and closed with an exchange of 387 units, Ansa McAl climbed 81 cents to $57.81 with 1,670 stock units crossing the market. Ansa Merchant Bank finished at $42.12 after an exchange of 483 stocks, CinemaOne remained at $5.98 while trading 827 shares, Clico Investment Fund advanced 19 cents to $28.70, with 3,451 stocks clearing the market. First Citizens Group declined 35 cents to close at $49.25 in exchanging 3,000 stock units, Guardian Holdings dropped 6 cents to end at $26.74 with an exchange of 35 units, Guardian Media increased 6 cents to $3.10, with a mere two units changing hands. L.J. Williams B share ended unchanged at $2.15 with the swapping of 1,720 stock units, Massy Holdings gained 13 cents to end at $4.88, with 18,355 stocks crossing the exchange, National Enterprises finished at $3.24 in switching ownership of 118,990 shares. 
National Flour Mills lost 10 cents to close at $1.55 in trading 15,509 units, NCB Financial Group fell 4 cents in closing at $5.16 trading 198 stock units, Point Lisas finished at $3.06 after exchanging 2,572 stocks. Republic Financial Holdings shed 14 cents to $141 in an exchange of 45 shares, Scotiabank lost 15 cents in closing at $76.80, with 709 stock units crossing the market, Trinidad & Tobago NGL shed 33 cents to close at $21.57 in exchanging 6,591 stocks. Trinidad Cement ended at $3.52 with the swapping of 500 units, Unilever Caribbean declined 44 cents after ending at $12.50 and exchanging 900 shares and West Indian Tobacco ended unchanged at $23.44, with 776 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on Trinidad exchange
Market activity ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 490 percent and the value 247 percent more than on Tuesday, leading to 19 securities traded compared to 16 on Tuesday, with prices of six rising, eight declining and five remaining unchanged.
The Composite Index dropped 4.58 points to 1,372.05, the All T&T Index lost 1.20 points at 2,035.15 and the Cross-Listed Index lost 1.15 points to close at 92.74.
A total of 2,102,530 shares traded for $12,104,365 up sharply from 356,338 units at $3,485,909 on Tuesday. An average of 110,659 units traded at $637,072 compared to 22,271 shares at $217,869 on Tuesday, with trading month to date averaging 56,142 units at $315,487 versus 45,353 units at $251,840 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s lost 10 cents to finishing at $45.50 after trading 2,635 shares, Angostura Holdings ended at $26.50 in switching ownership of 919 units, Calypso Macro Investment Fund gained 21 cents to end at $20.21 trading 177 stock units. Clico Investment Fund remained at $28.51 after exchanging 85,339 stocks, First Citizens Group dropped 25 cents in ending at $49.60 after 620 shares changed hands, FirstCaribbean International Bank shed 19 cents to end at $5.01 with the swapping of 1,271,906 stock units. 
Guardian Holdings declined 20 cents to $26.80 with 2,500 units clearing the market, JMMB Group fell 1 cent to $2.30, with 314,312 stock units crossing the market, L.J. Williams B share finished at $2.15 after an exchange of 10 units. Massy Holdings fell 14 cents to close at $4.75 while exchanging 100,311 stocks, National Enterprises closed at $3.24 in trading 277,962 stock units and National Flour Mills rallied 10 cents to close at $1.65 in exchanging 100 shares. Point Lisas declined 33 cents to $3.06, with 5,940 stocks changing hands, Republic Financial Holdings gained 14 cents in ending at $141.14, with 1,849 shares crossing the exchange, Scotiabank advanced 27 cents in closing at $76.95, with 23 stock units changing hands. Trinidad & Tobago NGL finished at $21.90 in trading 26,167 units, Trinidad Cement popped 1 cent to end at $3.52 with an exchange of 5,465 units, Unilever Caribbean rose 33 cents to $12.94 after finishing trading 6,215 shares and West Indian Tobacco dipped 1 cent to close at $23.44 in exchanging 80 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline trading fall in TTSE market
More securities were traded on the Trinidad and Tobago Stock Exchange on Monday than on Friday with the volume of stocks traded declining 53 percent with the value down 67 percent lower as 16 securities were traded compared to 14 on Friday, with two stocks rising, seven declining and seven remaining unchanged.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 323,490 shares traded for $1,480,256 versus 689,247 units at $4,551,630 on Friday. An average of 20,218 units traded at $92,516 versus 49,232 shares at $325,116 on Friday, with trading month to date averaging 49,969 units at $258,634 versus 57,407 units at $300,164 on the previous trading day. The average trade for July amounts to 28,304 units at $283,023.
The Composite Index declined 3.04 points to 1,378.48, the All T&T Index shed 1.96 points to 2,039.52 and the Cross-Listed Index slipped 0.59 points to settle at 93.95.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Clico Investment Fund fell 31 cents in ending at $28.58 with 557 shares changing hands, First Citizens Group slipped 14 cents to $49.85 in switching ownership of 523 stocks, GraceKennedy dropped 5 cents to end at $5.30 in trading 210 stock units. Guardian Holdings rallied 50 cents in closing at $27, with 6,741 units crossing the market, JMMB Group rose 4 cents to close at $2.35 in an exchange of 2,015 stocks, 
L.J. Williams B share ended unchanged at $2.15, with two stock units clearing the market. Massy Holdings shed 3 cents to end at $4.90, with an exchange of 17,443 shares, National Enterprises remained at $3.24 after trading 280,140 units, NCB Financial Group declined 10 cents to $5.20 after swapping two stock units. One Caribbean Media finished at $4.05 trading 1,500 units, Republic Financial Holdings finished at $141 after trading eight shares, Scotiabank fell 1 cent to $76.68 in exchanging 234 stocks. Trinidad & Tobago NGL remained at $21.99, with 6,450 units crossing the market, Trinidad Cement ended at $3.81 while exchanging ten stocks, Unilever Caribbean dropped 53 cents in closing at $13.36 after exchanging 7,650 shares and West Indian Tobacco finished at $23.45 with the swapping of five stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Three changes to ICTOP10
The past week ended with new entrants to the ICTOP listing, with Dolphin Cove and Paramount Trading reentering the Junior Market list while 138 Student Living enters the TOP10 Main market list.
Jetcon Corporation and Lasco Financial are out of the Junior Market TOP10, and Caribbean Cement left the Main Market list.
The Junior Market suffered some declines, no doubt connected to investors focusing on the latest IPO – OneonOne Educational Services to hit the market, as they seek funds to go into the issue, continuing a feature visible in the market for most popular IPOS. The Main Market moves were less pronounced, with just one significant fall.
In the Junior Market, Elite Diagnostic gained 7 percent to $3.45 and General Accident was up 8 percent to $5.50. Access Financial and CAC 2000 dipped 13 percent to $20.01 and $7.20, respectively and Caribbean Cream and Jetcon Corporation slipped 6 percent to $4.02 and $1.20, respectively. Caribbean Assurance Brokers ended 4 percent lower at $2.50 but has limited stocks offered, with most offers over $2.70.
The Main Market ended the week with Guardian Holdings jumping a sharp 29 percent to $650 on limited volume. There are now less than 1,000 shares offered for sale. At the close, there was an offer of 76 shares at $594 and the highest bid was $505 to buy 2012 shares. Profit for the June Quarter was TT$256 million, up 220 percent from $80 million in 2021, with six months moving up by 70 percent from $256 million to TT$436 million. The EPS comes out at TT$1.88 or J$43. The other big move was by Productive Business Solutions, falling 12 percent to US$1.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 is projected to gain an average of 239 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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.
Trading dips TTSE market falls
Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded diving 38 percent and the value dropping 34 percent from Wednesday, as the number of securities traded remained at 16, similar to Wednesday, with trading ended with six stocks rising, four declining and six ending unchanged.
The Composite Index fell 4.30 points to 1,379.71, the All T&T Index shed 12.60 points to 2,037.97 and the Cross-Listed Index rallied 0.64 points to settle at 94.54.
A total of 522,491 shares were traded for $2,535,172 compared to 838,975 units at $3,850,203 on Wednesday. An average of 32,656 units traded at $158,448 compared to 52,436 shares at $240,638 on Wednesday, with trading month to date averaging 59,696 units at $293,229 versus 72,420 units at $356,660 on the previous trading day. The average trade for July ended with 28,304 units at $283,023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Ansa McAl declined $3 in closing at $57 with 3,471 shares trading, CinemaOne finished at $5.98 in an exchange of one stock unit, First Citizens Group advanced 15 cents to end at $49.99 after exchanging 1,400 units. FirstCaribbean International Bank popped 14 cents to close at $5.20 trading 50 stocks, GraceKennedy fell 1 cent to $5.35 in switching ownership of 39,338 units, Guardian Holdings ended unchanged at $27.26 in trading 1,257 stocks. 
JMMB Group remained at $2.31 with the swapping of 222,856 shares, L.J. Williams B share climbed 14 cents to end at $cents after exchanging 200 stock units, Massy Holdings increased 20 cents to $4.95 while exchanging 103,094 units. National Enterprises rallied 1 cent to close at $3.20, with 130,920 stocks clearing the market, Prestige Holdings rose 1 cent to $6.72, with 3,000 stock units crossing the exchange, Republic Financial Holdings ended unchanged at $141.14 in exchanging 815 shares. Scotiabank ended at $77 after 3,086 units changed hands, Trinidad & Tobago NGL shed 1 cent to end at $21.99, with 5,878 shares crossing the market, Unilever Caribbean finished at $13.89 after trading 6,865 stocks and West Indian Tobacco lost 1 cent in ending at $23.39 with an exchange of 260 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading falters for TTSE
The Trinidad and Tobago Stock Exchange closed trading on Wednesday, with the volume of stocks passing through the market declining 48 percent with 53 percent less value than on Tuesday after 16 securities traded compared to 18 on Tuesday, with prices of three rising, five declining and eight remaining unchanged.
The Composite Index fell 1.78 points to 1,384.01, the All T&T Index lost 0.85 points to close at 2,050.57 and the Cross-Listed Index shed 0.39 points to settle at 93.90.
A total of 838,975 shares traded for $3,850,203 versus 1,623,314 units at $8,273,469 on Tuesday. An average of 52,436 units traded at $240,638 down from 90,184 shares at $459,637 on Tuesday, with trading month to date averaging 72,420 units at $356,579. The average trade for July was 28,304 units at $283,023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl advanced $1 to $60 after 135 shares were traded, Ansa Merchant Bank finished at $43 with the swapping of 718 stock units, Clico Investment Fund rose 20 cents to end at $28.90 in an exchange of 4,827 units. First Citizens Group shed 15 cents to close at $49.84 in exchanging 345 stocks, GraceKennedy declined 4 cents in ending at $5.36, with 125,312 stocks crossing the exchange, Guardian Holdings ended unchanged at $27.26, with 1,000 stock units clearing the market. 
JMMB Group dropped 3 cents to $2.31 after 150,953 units changed hands, Massy Holdings fell 25 cents, ending at $4.75, with 69,791 shares crossing the market, National Enterprises remained at $3.19 after trading 473,039 stock units. One Caribbean Media finished at $4.05 with an exchange of 48 units, Republic Financial Holdings ended unchanged at $141.14 in trading 3,210 stocks, Scotiabank remained at $77 in exchanging 1,786 shares. Trinidad & Tobago NGL gained 50 cents to end at $22, with 6,046 shares crossing the market, Trinidad Cement ended at $3.81 trading 115 stocks, Unilever Caribbean lost 1 cent to end at $13.89 after exchanging 625 stock units and West Indian Tobacco finished at $23.40 while exchanging 1,025 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.