Trading drops on Trinidad Stock Exchange


Trading dropped on the Trinidad and Tobago Stock Exchange on Monday, with a 68 percent dive in the volume of stocks traded after a 41 percent decline in the value from that on Friday following activities in 21 securities down from 26 on Friday and ending with prices of eight stocks rising, seven declining and six ending firm.

The market closed with trading of 50,519 shares for $627,842 down from 159,135 units at $1,072,478 on Friday.
An average of 2,406 shares were traded at $29,897 compared with 6,121 units at $41,249 on Friday, with trading for the month to date averaging 17,459 stock units at $94,111 well below the 22,558 units at $115,864 on the previous day and an average for February of 22,005 shares at $200,032.
The Composite Index rallied 1.44 points to settle at 1,063.02, the All T&T Index gained 1.02 points to 1,561.48, the SME Index remained unchanged at 96.36 and the Cross-Listed Index gained 0.26 points to 74.13.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Agostini’s lost 19 cents to finish at $68 crossing the exchange 25 stock units, Angostura Holdings shed 54 cents to $14.30 in switching ownership of 1 share, Ansa Merchant Bank sank $1.25 to close at $40 passed through the market 2,493 stocks. Calypso Macro Investment Fund remained at $25 with investors swapping 19 units, CIBC Caribbean Bank ended at $8 after an exchange of 2,765 stocks, First Citizens Group rose 49 cents and ended at $41.50 after closing with an exchange of 3,669 units. GraceKennedy remained at $3.69 in an exchange of 163 shares, Guardian Holdings gained 10 cents in closing at $15 with investors trading 10,000 stock units, Guardian Media ended at $1.12 after an exchange of a mere 10 shares. JMMB Group popped 2 cents to close at $1.10 with investors dealing in 150 stocks, Massy Holdings dipped 2 cents and ended at $3.89 with 9,146 units crossing the market. National Enterprises remained at $2.68 with traders dealing in 6,902 stock units. National Flour Mills increased 5 cents to $1.70 as investors exchanged 30 shares, NCB Financial fell 1 cent in closing at $2.39 after just 5 units were traded, One Caribbean Media climbed 1 cent to close at $2.85 with an exchange of 5 stocks. Prestige Holdings rallied 14 cents to end at $11.29 with 1,044 stock units changing hands, Republic Financial ended at $113.50 with investors trading 613 shares, Scotiabank advanced $1.33 to finish at $55.48 with 99 stocks clearing the market. Trinidad & Tobago NGL slipped 5 cents to $4.25 with a transfer of 2,000 units, Trinidad Cement sank 10 cents to end at $2.40 with 3,705 stock units crossing the market and West Indian Tobacco popped 2 cents in closing at $5.52 in trading 7,675 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Berger drops out of ICTOP10


Berger Paints dropped out of ICTOP10 this past week, with a gain of 2 percent, following the release of full year results that are lower than ICInsider.com’s forecast, but 2025 is poised to be better, as some costs fade away and revenue rises. The week reflects a market caught up with investors who have sold stocks to help fund two ordinary share offerings in a week when the main market had just one change and none for the Junior Market.

The week closed with prices of only 2 stocks rising and 7 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with one winner and 5 losers.
In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 21 percent climb during the week to $17. Express Catering dropped 11 percent to $2.80, Access Financial declined by 6 percent to $16.60 and Elite Diagnostic fell 4 percent to $1.51.
In the Main Market ICTOP10, QWI Investments fell 8 percent to 77 cents while 138 Student Living, Jamaica Broilers and NCB Financial fell by 5 percent to close at $3.80, $35.40 and $45.35 respectively.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Berger Paints falling out and replaced by Caribbean Producers.
There is no change to the Junior Market ICTOP10 while Berger Paints dropped out of the Main Market ICTOP10 and was replaced by GraceKennedy after a long absence, with the company reporting earnings for 2024 that rose 8 percent to $8.43. The company’s new CEO Frank James seems bullish on earnings for 2025, he indicated that a look at the 2024 segment accounts shows“ the food segment which is by far the largest and most profitable segment of our business is growing profits at 22 percent, banking and investments at 26 percent in the insurance at 8 percent as you pointed out remittances where we lost some ground and as you also point out there are some external factors however as indicated in the stockholders report we have made significant investments in digital which will pay off in this area as such while 2024 had some exceptions we are in good in growth mode,” he concluded.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15.2 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.8.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 254 percent by May 2025, providing better values than the Junior Market, projected to achieve a 176 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 27 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 15 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always the case as some weaker companies may be oversold and therefore end up in the list. 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 will likely deliver the best returns on or around May 2025 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 the receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Appealing buys on Trinidad Stock Exchange


Winning and losing stocks switched turns this week with more decliners than winners following last week when winners outnumbered losers by 12 to 7 on the Trinidad and Tobago Stock Exchange and closed this past week with losers having upper hand, with a 3 to 2 ratio with 9 falling and 6 rising, in a week when the All Trinidad and Tobago and the Combined Indices slipped by less than 0.5 percent.

The average PE ratio of the market closed at 8 based on 2023 earnings and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In a week that ended with some stocks posting solid gains, Ansa Merchant Bank gained $1.19 to close at $41.25. Angostura Holdings popped 34 cents to $14.84 and Calypso Micro Index Fund climbed $1.40 to a 52 weeks’ high of $25.
Stocks with notable declines include First Citizens Bank with a fall of 49 cents to close at $41.01 and Endeavour Holdings with a drop of $1 to $19,
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could gain 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 300 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 315 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 270 percent.

Light trading persists on Trinidad Exchange


Winning stocks edged out losers on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 26 securities up from 19 on Thursday and ending with prices of 10 stocks rising, seven declining and nine ending firm, following the volume of stocks traded rising 258 percent with a 6 percent greater value than on Thursday.

The market closed with trading of 159,135 shares for $1,072,478 up from 44,488 stock units at $1,014,698 on Thursday. At the close, an average of 6,121 shares were traded at $41,249 compared with 2,341 units at $53,405 on Thursday, with trading month to date averaging 22,558 shares at $115,864 down from 34,430 stock units at $169,771 on the previous day compared to an average for February of 22,005 shares at $200,032.
The Composite Index dipped 3.30 points to close trading at 1,061.58, the All T&T Index fell 6.90 points to wrap up trading at 1,560.46, the SME Index skidded 0.29 points to 96.36 and the Cross-Listed Index advanced 0.08 points to conclude trading at 73.87.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of a day of increased number of stocks trading, Agostini’s rose 19 cents to end at $68.19 with investors trading 20 stock units, Angostura Holdings advanced 4 cents in closing at $14.84 with 165 shares changing hands, Ansa McAl ended at $57.99 with investors swapping 78 stocks. Ansa Merchant Bank popped $1.19 and ended at $41.25 in an exchange of 28 units, Calypso Macro Investment Fund gained $1 to finish at a 52 weeks’ high of $25 after 50 shares passed through the market, CIBC Caribbean Bank remained at $8 with a transfer of 2,650 stock units. Eric Solis Marketing dipped 20 cents to $4 as investors exchanged 300 stocks, First Citizens Group popped 1 cent and ended at $41.01 in switching ownership of 4,379 units, GraceKennedy remained at $3.69 with investors trading 3,690 stocks. Guardian Holdings ended at $14.90 with 580 units clearing the market, Guardian Media remained at $1.12 with investors trading 1,100 shares, JMMB Group increased 1 cent to end at $1.08 after a transfer of 6,442 stock units. L.J. Williams B share ended at 81 cents with 3,500 shares crossing the exchange, Massy Holdings lost 4 cents to end at $3.91 with investors dealing in 55,048 stocks, National Enterprises declined 1 cent to close at $2.68 after an exchange of 3,050 units. National Flour Mills shed 5 cents to end at $1.65 after the trading of 2,852 stock units, NCB Financial rallied 1 cent to finish at $2.40 in an exchange of 47,183 shares, One Caribbean Media dipped 1 cent to $2.84 with traders dealing in 1,925 stocks.  Point Lisas rose 1 cent to $3.21 with 1,200 units changing hands, Prestige Holdings ended at $11.15 after an exchange of 20 stock units, Republic Financial remained at $113.50 with 2,147 shares crossing the market, Scotiabank fell 1 cent to finish at $54.15 with an exchange of 2,942 stock units, Trinidad & Tobago NGL rallied 5 cents and ended at a 52 weeks’ low of $4.30 with 6,905 units crossing the market, Trinidad Cement increased 1 cent to close at $2.50 with investors dealing in 9,450 stocks. Unilever Caribbean ended trading at $11.19 and closed with an exchange of 132 units and West Indian Tobacco slipped 2 cents and ended at $5.50 with 3,299 changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading dived on T&T Stock Exchange


At the close of trading on the Trinidad and Tobago Stock Exchange on Thursday, winning and losing stocks were equal in numbers following trading in 19 securities compared with 17 on Wednesday and ending with prices of seven rising, seven declining, including 3 that closed at 52 weeks’ low and five ending firm, resulting in the volume of stocks traded declining 96 percent valued 80 percent less than on Wednesday.

The market closed with trading of 44,488 shares for $1,014,698, drastically down from 1,194,994 stock units for $5,097,202 on Wednesday.
An average of 2,341 shares were exchanged at $53,405 well below 70,294 units at $299,835 on Wednesday. Trading month to date averages 34,430 shares at $169,771 versus an average of 22,005 shares at $200,032 in February.
The Composite Index fell 0.69 points to settle at 1,064.88, the All T&T Index dropped 1.33 points to close at 1,567.36, the SME Index remained at 96.65 and the Cross-Listed Index was unchanged at 73.79.
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 of a shortened week for trading, Agostini’s remained at $68 after an exchange of 9,998 stocks, Angostura Holdings rose 30 cents to $14.80 with investors trading 25 stock units, Ansa McAl closed at $57.99 after a transfer of 17 shares. Endeavour Holdings declined $1 in closing at $19 after an exchange of 75 stock units, First Citizens Group sank $1.12 to end at $41 with 3,231 shares being traded, GraceKennedy rose 1 cent to finish at $3.69 with investors dealing in 90 stock units. Guardian Holdings ended at $14.90 with 900 units crossing the exchange, JMMB Group dropped 1 cent to finish at a 52 weeks’ low of $1.07 with investors trading 47 stocks, Massy Holdings sank 1 cent in closing at $3.95 with an exchange of 2,960 shares. National Enterprises gained 8 cents to finish at $2.69 with 105 units clearing the market, National Flour Mills remained at $1.70 with traders dealing in 20 stocks, One Caribbean Media popped 13 cents to close at $2.85 after an exchange of 4,413 stock units. Prestige Holdings remained at $11.15 with a transfer of 50 shares, Republic Financial dipped 2 cents in closing at $113.50 with investors swapping 513 units, Scotiabank increased 6 cents and ended at $54.16 in an exchange of 86 stocks. Trinidad & Tobago NGL fell 5 cents to close at a 52 weeks’ low of $4.25 with 12,163 stock units changing hands, Trinidad Cement rallied 4 cents to finish at $2.49 in trading 3,900 shares, Unilever Caribbean advanced 34 cents to end at $11.19 with 569 stocks crossing the market and West Indian Tobacco slipped 3 cents to a 52 weeks’ low of $5.52 as investors exchanged 5,326 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

No TTSE trading on Monday & Tuesday


There is no trading on the Trinidad and Tobago Stock Exchange is Monday March 3 and on the following day as the country celebrates with Carnival activities on both days.

After a two days break, trading resumes on  Ash Wednesday which is not a public holiday in the country, with the All Trinidad & Tobago Index at 1566.83 and the Composite index at 1,064.71 following the close of the market last Friday.

Two new additions to ICTOP10


Price movements in the ICTOP10 this past week as mostly muted with the Main Market having only two stocks with notable price changes while the Junior Market three, while both markets had one new listing.

Market movements resulted in prices of 5 stocks rising and 3 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and 2 losses.
In the Junior Market ICTOP10, Caribbean Flavours ran up 7 percent to $1.34 and Iron Rock Insurance gained 4 percent to $3.75, while AMG Packaging fell 6 percent to $3.
In the Main Market ICTOP10, Berger Paints rose 9 percent to $7.82 and Key Insurance fell 10 percent to close at $2.16.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Key Insurance falling out and replaced by AMG Packaging
Iron Rock Insurance fell out of the Junior Market ICTOP10 and is replaced by Limners and Bards. In the Main Market ICTOP10, VM Investments returns after a one week’s absence, replacing Key Insurance that reported earnings of just 12 cents per share for the full year, much lower than projected.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.9, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.4.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 256 percent by May 2025, providing better values than the Junior Market, projected to achieve a 172 percent increase for the same period.
In the Main Market ICTOP 10, there are 17 stocks with the highest values representing 33 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 24 excluding the highest PE ratios and a PE of 26 for the top half of the market with the highest values and 20 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
The ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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 will likely deliver the best returns on or around May 2025 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.

Trinidad stocks end with weekly gains


Stocks fueled gains in the Trinidad and Tobago Stock Exchange at the close of the week resulting in the All Trinidad and Tobago and the Combined Indices rising between 0.3 and 0.5 percent with the gap between winning and losing stocks narrowing sharply from 7 stocks gaining and 11 declining last week to compared with 7 rising and 8 this week.

Angostura Holdings aged rum.

The average PE ratio of the market, closed at 8.32 based on 2023 earnings compared to 7.7 last week and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In another week of mostly moderate price movements, Angostura Holdings popped 50 cents to $14.50 and Unilever Caribbean recovered the 38 cents lost last week in closing at $11.19. CinemaOne is the only stock that fell with a notable loss, with the price dropping 72 cents to close at $4.68.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 325 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 315 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 250 percent.

Stocks popped higher on Trinidad Exchange


Rising stocks edged out losers on the Trinidad and Tobago Stock Exchange on Friday, following trading in 21 securities, up from just 15 on Thursday and ending with prices of six stocks rising, five declining and 10 ended firm as the volume of stocks traded surged 229 percent and the value 177 percent more than on Thursday resulting in modest movements in the market indices.

The market closed with trading of 285,224 shares for $1,898,467 well above the 86,769 stock units at $684,762 on Thursday.
An average of 13,582 shares were traded for $90,403, up from just 5,785 units at $45,651 on Thursday, with trading for the month to date ending with an average of 22,005 shares at $200,032, which is in line with 22,530 units at $206,864 on the previous day and well over the average for January of 17,669 shares at $153,409.
The Composite Index advanced 0.30 points to 1,064.71, the All T&T Index skidded 0.21 points to close trading at 1,566.83, the SME Index remained unchanged at 96.65 and the Cross-Listed Index popped 0.12 points to settle at 73.82.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the last trading day of the month, Agostini’s climbed 19 cents to end at $68.19 with an exchange of 72 stocks, Angostura Holdings rose $1 to end at $14.50 in the trading of 80 units, Calypso Macro Investment Fund sank 40 cents to $23.60 with a transfer of 80 shares. CIBC Caribbean Bank ended trading at $8 with investors trading 2,954 stocks, CinemaOne slipped 72 cents to finish at $4.68 in an exchange of just 2 shares, First Citizens Group rallied 50 cents to close at $41.50 with investors dealing in 1,197 units. GraceKennedy ended at $3.69 and closed after 2,653 stocks were traded, Guardian Holdings ended at $14.90 after a transfer of 1,060 stock units, Guardian Media rallied 1 cent and ended at $1.12 with a mere 2 shares crossing the market. JMMB Group remained at $1.08 with traders dealing in 301 stocks, L.J. Williams B share popped 6 cents to close at 81 cents with 155 units changing hands, Massy Holdings remained at $3.89 after 201,761 stock units passed through the market. National Enterprises lost 3 cents in closing at $2.69 in trading 8,435 shares, National Flour Mills advanced 2 cents to $1.70 with 880 units clearing the market, One Caribbean Media ended at $2.85 with investors trading 29,752 stocks. Prestige Holdings closed at $11.15 in an exchange of 87 stocks, Republic Financial ended at $113.52 with investors trading 6,712 shares, Scotiabank skidded $1.55 to end at $54.10 after an exchange of 30 shares. Trinidad & Tobago NGL sank 14 cents in closing at a 52 weeks’ low of $4.51 with 28,672 stocks crossing the market, Unilever Caribbean ended at $11.19 as investors exchanged 4 units and West Indian Tobacco remained at $5.55 in switching ownership of 335 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading plunges on the Trinidad Exchange


At the close of trading on Wednesday just 13 securities were traded down from 16 on Tuesday and ended with prices of seven rising, four declining and two ending firm on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 92 percent and the value 85 percent lower than on Tuesday.

The market closed with trading of 244,787 shares valued $3,084,120 down sharply from 3,034,785 stock units at $21,161,813 on Tuesday.
Trading closed with an average of 18,830 shares for $237,240 well below 189,674 units at $1,322,613 on Tuesday, with trading month to date averaging 23,310 shares at $214,373 in line with 23,499 units at $213,412 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index shed 0.57 points to finish at 1,060.72, the All T&T Index fell 1.60 points to settle at 1,559.90, the SME Index remained unchanged at 96.65 and the Cross-Listed Index gained 0.07 points to end at 73.70.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of a light trading day, Agostini’s skidded 19 cents and ended at $68 with investors trading 8,000 stocks, First Citizens Group sank 50 cents to $41 with 8,491 units traded, Guardian Holdings rallied 5 cents to end at $14.90 in trading 4,283 shares. JMMB Group rose 2 cents in closing at $1.08 with 10,490 stock units clearing the market, Massy Holdings gained 1 cent to finish at $3.89 with investors trading 168,929 shares, National Enterprises popped 1 cent to close at $2.65 with 2,786 units crossing the market. National Flour Mills declined 2 cents to $1.68 with investors trading 90 stocks, NCB Financial remained at $2.39 with 5,000 stock units crossing the exchange, Republic Financial advanced 1 cent in closing at $113.50 with investors swapping 10,923 shares. Scotiabank sank 4 cents to close at a 52 weeks’ low of $54.02 after a transfer of 1,556 stock units, Trinidad & Tobago NGL increased 1 cent to finish at $4.65 after closing with an exchange of 18,435 stocks, Trinidad Cement climbed 5 cents and ended at $2.35 after 860 units passed through the market and West Indian Tobacco ended at $5.53 in switching ownership of 4,944 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.