Trading climbed on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising just 2 percent and the value jumping by 36 percent over trading on Wednesday, resulting in 17 securities being traded, down from 21 on Wednesday with the prices ending with an about turn from, with advancing stocks in the ascendency unlike Wednesday, when declining stocks outnumbered those rising with trading ended after prices of eight stocks rose, four declined and five ended firm.
The market closed with trading of 224,736 shares for $1,530,432, up from 219,490 stock units at $1,128,137 on Wednesday.
An average of 13,220 shares were traded at $90,025, up from 10,452 units at $53,721 on Wednesday, with trading ending with an average for April of 16,843 shares at $114,481.
The Composite Index declined 5.24 points to close at 1,043.78, the All T&T Index dipped 5.52 points to settle at 1,532.52, the SME Index remained unchanged at 86.66 and the Cross-Listed Index slipped 0.69 points to finish at 72.88.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl remained at $50 with investors trading 11 shares, CIBC Caribbean popped 2 cents to $8.13 in switching owners of 5,000 stock units, First Citizens Group rallied 6 cents to end at $42 with traders dealing in 1,635 shares. GraceKennedy ended at $3.87 in an exchange of 4,076 stock units, Guardian Holdings rose 20 cents to finish at $16.70 with investors trading 11,667 units, JMMB Group ended at $1.10 after a transfer of just one stock. Massy Holdings remained at $4 with 124,227 shares clearing the market, National Enterprises advanced 7 cents in closing at $2.50 as investors exchanged 16,725 stock units, National Flour Mills ended at $1.60 after 10,050 units passed through the market. NCB Financial climbed 19 cents and ended at $2.39 with an exchange of only one stock, Prestige Holdings increased 3 cents to end at $10.63 with 876 units crossing the market, Republic Financial sank 38 cents to close at $110.60 with investors dealing in 2,790 shares. Scotiabank gained 44 cents to end at $53 after an exchange of 1,309 stock units, Trinidad & Tobago NGL popped 10 cents to end at $3.30 with investors trading 3,110 shares, Trinidad Cement skidded 15 cents in closing at a 52 weeks’ low of $2 after an exchange of 22,422 stock units. Unilever Caribbean sank 55 cents and ended at $12.15 in trading 17,919 units and West Indian Tobacco fell 2 cents to finish at $5.42 with 2,917 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 28 percent more shares valued at 115 percent more than on Monday, with an exchange of 164,429 shares for $1,673,089, up from 128,933 stock units at $777,292 on Monday.
At the close of the market, Angostura Holdings advanced 30 cents to finish at $14.80 after an exchange of 125 shares, Ansa McAl remained at $50 after the trading of 21 stock units, Calypso Macro Investment Fund rose $1.50 to $24.95 in switching ownership of 787 shares. CIBC Caribbean Bank climbed 5 cents in closing at $8.10 after 118 units passed through the market, First Citizens Group popped 1 cent to close at $41.90 with 16,579 stocks changing hands, GraceKennedy increased 27 cents to end at $3.87 with a transfer of 29 units. Guardian Holdings dipped 25 cents in closing at $16.50 and closed after an exchange of 136 shares, Guardian Media added 2 cents to end at 96 cents with traders dealing in 6,220 stock units, L.J. Williams B share rallied 10 cents to finish at $1 as investors exchanged 2,000 stocks. Massy Holdings increased 3 cents and ended at $4.03 with 58,521 units crossing the market, National Enterprises ended at $2.50 in an exchange of 17,095 shares,
In the All JSE ICTOP10, Express Catering replaced NCB Financial, while Limners and Bards returned to the Junior Market ICTOP10.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions in selecting stocks for investments.
At the market’s weekly close, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.37, based on estimates of 2025 earnings, following the recent updating of earnings for 2025, suggesting an average potential increase of 29 percent for 2025.
The market closed with an average of just 2,071 shares trading at $27,749, down from a mere 6,212 units at $39,172 on Thursday, with trading month to date averaging 18,380 shares at $124,598, which are in line with 19,501 units at $131,251 on the previous day and an average for March of 16,679 shares at $130,461.
Ansa Merchant Bank ended at $39.50 with investors trading 6 units, Calypso Macro Investment Fund dipped $1.50 to end at $23.45, with 1,000 stocks crossing the market, First Citizens Group rose 4 cents to finish at $41.89 with traders dealing in 2,431 shares. Guardian Holdings sank 25 cents to $16.75, with 120 units clearing the market. JMMB Group ended at $1.10 after an exchange of 712 stocks, Massy Holdings rallied 9 cents to end at $4.05 after 19,451 stock units passed through the market. National Enterprises popped 5 cents in closing at $2.50 in an exchange of 1,394 shares, NCB Financial increased 9 cents to finish at $2.39 with investors dealing in 50 stock units, One Caribbean Media climbed 8 cents to close at $2.69 with an exchange of just 1 stock.
The market closed on Thursday, with 130,458 shares trading for $822,616, up from 30,940 stocks at $656,618 on Wednesday.
Calypso Macro Investment Fund dipped 5 cents to close at $24.95 with investors trading 50 stocks, First Citizens Group rose 5 cents to $41.85 in trading 982 units. GraceKennedy lost 27 cents in closing at $3.60 with investors trading 3,644 stocks, Guardian Holdings rallied 50 cents to close at $17 in swapping 126 shares, JMMB Group ended at $1.10, with an exchange of 4 stocks. Massy Holdings slipped 4 cents to end at $3.96 with a transfer of 110,743 shares, National Enterprises sank 5 cents to finish at a 52 weeks’ low of $2.45 after an exchange of 262 units, National Flour Mills popped 5 cents to close at $1.60 with 100 stocks clearing the market. NCB Financial remained at $2.30 in an exchange of 4,189 stock units, Point Lisas climbed 25 cents and ended at a 52 weeks’ high of $4.45 with 1,150 shares crossing the market, Prestige Holdings ended at $10.98 with investors swapping 405 units.
Caribbean Assurance rose 8 percent to $2.69, Limners and Bards rallied 5 percent to $1.15 and Kintyre Holdings popped 4 percent higher to close at 28 cents. Elite Diagnostic fell 6 percent to $1.45.
In the Junior Market IC TOP10, 17 stocks or 35 percent of the market have PEs ranging from 15 to 53, with an average of 22 and a PE of 20 for half of the market with the highest PEs.
The market closed after trading 400,523 shares, with a value of $2,517,104, from 135,700 units at $856,763 on Wednesday.
At the close of trading, Agostini’s climbed $1.15 to end at $68.19 after an exchange of 1,460 shares, Ansa McAl remained at $51.55 with investors trading 270 stocks, CIBC Caribbean Bank ended at $8.15 and closed with an exchange of 8,995 shares. Endeavour Holdings increased $1.85 and ended at $18 as 493 stock units passed through the market. First Citizens Group popped 30 cents to close at $41.80 as investors exchanged 7,343 units, GraceKennedy dipped 27 cents in closing at $3.42 with 124,342 stocks crossing the market. Guardian Holdings ended at $16.50 in an exchange of 38 units, JMMB Group remained at $1.06 with 111,400 shares crossing the market, Massy Holdings rallied 4 cents to finish at $3.93 with a transfer of 85,307 stock units.