Falling stocks dominate the Trinidad & Tobago Exchange


Falling stocks dominated trading on the Trinidad and Tobago Stock Exchange on Monday, resulting in 18 securities trading similar to Friday and ending with prices of four rising, eight declining and six ending firm with the volume of stocks traded declining 14 percent with an 8 percent lesser value than on Friday.

The market closed with trading of 387,841 shares with a value of $2,337,968 compared to 452,413 stocks at $2,544,736 on Friday. An average of 21,547 stock units were traded at $129,887 compared with 25,134 stock units at $141,374 on Friday, with trading for the month to date averaging 18,308 shares at $108,015 compared with 16,593 stocks at $96,450 on the previous day and an average for December of 19,548 shares at $423,231.
The Composite Index inched 0.47 points higher to end at 1,085.28, the All T&T Index slipped 0.89 points to settle at 1,600.04, the SME Index remained unchanged at 92.58 and the Cross-Listed Index popped 0.27 points to end the day at 74.80.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading on Monday, Agostini’s popped 50 cents to end at $68 after trading 11,109 stock units, Angostura Holdings ended at trading $14.85, with 2,080 shares passing through the market, Ansa Merchant Bank shed 50 cents to finish at $39.50 with traders dealing in 148 shares. CIBC Caribbean Bank popped 10 cents and ended at $8.25 with 150 stock changing hands, First Citizens Group sank 40 cents to end at $42.50 with 4,950 shares crossing the exchange, GraceKennedy advanced 1 cent in closing at $3.70 with a transfer of 136,205 units. Guardian Holdings rose 5 cents to $15 with 12,042 stocks crossing the market, JMMB Group slipped 2 cents in closing at a 52 weeks’ low of $1.05 in an exchange of 15,110 stock units, Massy Holdings fell 4 cents to end at $3.95 with investors trading 15,003 shares. National Enterprises ended at $2.78 after an exchange of 435 stocks, National Flour Mills ended at $1.70 with investors trading 15,410 shares, NCB Financial skidded 1 cent to finish at a 52 weeks’ low of $2.38 and closed with 151,268 stock units changing hands. Prestige Holdings sank 5 cents and ended at $11.25 as investors exchanged 145 shares, Republic Financial lost 40 cents to close at $113.60 in switching ownership of 680 units, Scotiabank remained at $59 after an exchange of 25 stocks. Trinidad & Tobago NGL ended at $4.75 with 20,732 stock units clearing the market, Unilever Caribbean dipped 2 cents to end at $11.38 in an exchange of 73 shares and West Indian Tobacco remained at $5.55 as 2,276 passed through the market.

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

3 weeks of gains for Trinidad Stock Exchange

First Citizens Group Financial Holdings.

Stocks started the new year the way the ended the old, with the market indices rising into 2025 at the close of the first week of the year, rallying for a third consecutive week with the Trinidad and Tobago Stock Exchange, All Trinidad Index closing 1.8 percent higher for the week and the Composite index popped 0.7 percent, with prices of just 6 stocks rising and 8 declining, compared with 10 rising and 3 declining last week.
The average PE ratio of the market, closed at 7.87, compared to 5.5 based on the current year’s earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead. In a week when price movements were mostly moderate, the financial sector enjoyed notable price gains as First Citizens Bank gained $2.45 in closing at $42.90, Scotiabank climbed $2 to $59 and Republic Holdings was up $1.17 to $114.

At the same time, CIBC Caribbean slipped 35 cents to $8.15 and Agostini’s lost 50 cents to close at $67.50.
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 undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings now at 50 percent, Trinidad Cement with 300 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.

Bright New Year start for Trinidad Exchange


Stocks started the new year with rising stocks overpowering those declining and pushed the Trinidad and Tobago Stock Exchange higher on Thursday, following a 179 percent climb in the volume of stocks traded with a 10 percent lower value than on Tuesday resulting in 16 securities trading down from 19 on Tuesday and ending with prices of three rising, four declining and nine ending firm.

The market closed with trading of 111,764 shares valued at $734,454 compared to 40,067 stock units at $812,755 on Tuesday. An average of 6,985 shares were traded at $45,903 compared with 2,109 units at $42,777 on Tuesday, compared with an average for December of 19,548 shares at $423,231.
The Composite Index rallied 7.85 points to end at 1,081.08, the All T&T Index climbed 12.62 points to 1,592.87, the SME Index remained at 92.58 and the Cross-Listed Index popped 0.38 points to settle at 74.66.
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 ended at $67.50 after a transfer of 195 stocks, Angostura Holdings ended at $14.85 with 103 units clearing the market, CIBC Caribbean Bank remained at $8.25 after an exchange of 8,080 shares. First Citizens Group rallied $2.54 to $43 in trading 458 stock units, GraceKennedy ended at $3.70 after 25,875 shares passed through the market, Guardian Holdings ended trading  at $14.95 in an exchange of 230 units. Guardian Media remained at $1.15 with 200 stocks crossing the market, L.J. Williams B share ended at 75 cents with an exchange of 800 stock units, Massy Holdings popped 8 cents and ended at $3.99 with 169 shares crossing the market. National Enterprises declined 14 cents to end at $2.65 with a transfer of 11,000 stock units, National Flour Mills remained at $1.70 with investors swapping 11,604 stocks, Prestige Holdings ended at $11.30 and closed with an exchange of 559 units. Republic Financial advanced $1.17 to $114 with traders dealing in 1,958 stocks, Scotiabank slipped 29 cents to $57.01 as investors exchanged 11 units, Trinidad & Tobago NGL dipped 25 cents to finish at $4.75 after trading of 30,727 shares and West Indian Tobacco lost 5 cents and ended at $5.55 with investors dealing in 19,795 stock units.

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

2024 fall for Trinidad stocks with late gains


Stocks closed out 2024 with gains, on the last day of a year that declined by 12 percent on the Trinidad and Tobago Stock Exchange on Tuesday and closed with the volume of stocks traded declining 84 percent valued 87 percent less than on Monday and resulting in 19 securities trading down from 22 on Monday and ending with prices of five stocks rising, five declining and nine ended firm.

The market closed with trading of 40,067 shares for $812,755 down sharply from 257,939 stock units at $6,058,813 on Monday. An average of 2,109 shares were traded at $42,777 in contrast to 11,725 stock units at $275,401 on Monday, with trading month to date averaging 19,447 shares at $421,016 slightly less than the 20,352 units at $440,760 on the previous day and compared with an average for November of 25,044 shares at $171,335.
The Composite Index popped 1.84 points to close at 1,073.23, down 11.6 percent for the year, the All T&T Index popped 2.92 points to close at 1,580.25, with a fall of 12.7 percent for the last twelve months, the SME Index remained unchanged at 92.58 but climbed a solid 30.9 percent for 2024 and the Cross-Listed Index popped 0.10 points to conclude trading at 74.28., to be down 7.7 percent for the year.
The Investor’s Choice bid-offer indicator closed with four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s slipped 50 cents and ended at $67.50 in an exchange of 2 shares, Angostura Holdings remained at $14.85 with investors trading 100 stock units, Calypso Macro Investment Fund gained 7 cents in closing at $23.67 after the switching of ownership of 361 shares. CIBC Caribbean Bank ended at $8.25 with investors trading 520 stock units, Endeavour Holdings remained at $18 and closed with an exchange of just 3 shares, First Citizens Group popped 1 cent to end at $40.46 with investors trading 96 stocks. GraceKennedy ended at $3.70, with 35 units clearing the market, Guardian Holdings climbed 6 cents to $14.95 with investors trading 1,395 stock units, JMMB Group remained at $1.07 after 500 shares changed hands. L.J. Williams B share fell 5 cents to finish at 75 cents after a transfer of 3,235 units, Massy Holdings dipped 8 cents and ended at $3.91 with investors dealing in 12,520 stocks, National Flour Mills ended at $1.70 after just one stock unit passed through the market. Prestige Holdings ended at $11.30 after an exchange of 71 shares, Republic Financial sank 17 cents in closing at $112.83 with 5,579 stock units crossing the market, Scotiabank shed $1.19 and ended at $57.30 with a transfer of 27 units. Trinidad & Tobago NGL rose 20 cents to close at $5 with 9,853 stocks crossing the market, Trinidad Cement remained at $2.50 as investors exchanged 2,620 shares, Unilever Caribbean remained at $11.40 after trading of 2,644 stock units and West Indian Tobacco advanced 1 cent to $5.60, with 505 units crossing the exchange.

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

Trading jumped for Trinidad &Tobago stocks 


Trading jumped on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 172 percent valued 308 percent more than on Friday following trading in 22 securities up sharply from just 12 on Friday and ending with prices of five stocks rising, six declining and 11 ended firm.

The market closed with the trading of 257,939 stock units for $6,058,813 compared with 94,765 stocks at $1,484,861 on Friday. An average of 11,725 shares were traded at $275,401 up from just 7,897 stock units at $123,738 on Friday, with trading month to date averaging 20,352 shares at $440,1760 compared with 20,907 units at $451,397 on the previous trading day and an average for November of 25,044 shares at $171,335.
The Composite Index shed 6.01 points to end at 1,071.39, the All T&T Index increased by 5.41 points to 1,577.33, the SME Index gained 0.06 points to conclude trading at 92.58 and the Cross-Listed Index lost 2.55 points to close at 74.18.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading on the penultimate day of 2024, Angostura Holdings remained at $14.85 with 324 shares traded, Calypso Macro Investment Fund skidded 7 cents to $23.60 after an exchange of 67 stock units, CIBC Caribbean Bank fell 25 cents to $8.25 after the transfer of 1,154 units. Endeavour Holdings ended at $18 with investors dealing in 10 stock units, Eric Solis gained 5 cents and ended at a record high of $4.25 after 193 shares were traded, Citizens Group remained at $40.45 after 134 shares were exchanged, GraceKennedy ended at $3.70 with traders dealing in 14 stock units. Guardian Holdings advanced 9 cents to $14.89 as investors exchanged 12,448 stocks, Guardian Media shed 5 cents to close at $1.15 after a transfer of 10 units, JMMB Group declined 1 cent to end at a 52 weeks’ low of $1.07 with investors swapping 226 stocks. L.J. Williams B share ended at 80 cents with 7,965 units crossing the exchange, Massy Holdings popped 11 cents and ended at $3.99 with investors trading 157,972 shares, National Enterprises slipped 1 cent to finish at $2.79 after trading of 1,320 stock units. National Flour Mills remained at $1.70 in an exchange of 6,000 shares, Point Lisas ended at $3.28 with investors trading 1,000 units, Prestige Holdings closed at $11.30 with 10 stocks clearing the market. Republic Financial rallied 17 cents to end at $113 with the trading of 44,973 stock units, Scotiabank rose $1.49 in closing at $58.49 after an exchange of just 4 shares, Trinidad & Tobago NGL ended at $4.80 with 21,052 stocks crossing the market. Trinidad Cement remained at $2.50 after an exchange of 192 units, Unilever Caribbean ended at $11.40, with 2,257 stocks changing hands and West Indian Tobacco dipped 1 cent and ended at $5.59 with an exchange of 681 shares.

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

ICTOP10 stocks mostly rise for week

In a belated show of strength bulls displayed their horns in a shortened Christmas trading week, pushing the Jamaica Stock Exchange Main and Junior markets sharply higher over the previous week’s close, with a 2.4 percent rise in the Junior Market, with the Main Market the All Jamaica Composite Index jumping 12,928 points or 3.5 percent with an increase of 4.1 percent for the year so far and 10.4 percent since bottoming out on September 5 at 346,017.57 points.

The JSE Composite Index rose 10,029 points for a 3.11 percent gain for the week and 1.8 percent for the year to date, as the market takes on a more bullish tone, ahead of the close for the year.
The week’s movement resulted in six stocks rising and just one falling in the Junior Market ICTOP10. In the Main Market TOP10, four stocks rose and only two declined. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with AMG Packaging replacing Key Insurance, following a 13 percent rise in the latter price. Guardian Holdings with the potential to gain 433 percent continues to hold the number one spot with Pulse Investments at number 2.
For a sixth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by AMG Packaging and Caribbean Cream.
In the Junior Market ICTOP10, Caribbean Flavours jumped 17 percent to $1.40, Knutsford Express gained 13 percent to close at a 52 weeks’ high of $14.19, Lumber Depot rose 8 percent to $2.65, Express Catering rallied 7 percent to $3.38 and Elite Diagnostics gained 4 percent to close at $1.90. Iron Rock Insurance was the only losing stock with an 8 percent fall to $3.59.
After dropping out of the Junior Market ICTOP10 last week, Image Plus returns, replacing Knutsford Express.
In Main Market ICTOP10 activity, Key Insurance gained 13 percent after ending at $2.44, Berger Paints gained 11 percent to close at $7.75, and QWI Investments rose 3 percent to 80 cents. Pulse Investments dropped 14 percent to $1.18 and Scotia Group declined 3 percent to $52.50 after trading at a 52 weeks’ high of $57.94 on Friday.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.8 and the Junior Market TOP10 sits at 8.1, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, 25 percent of the market, with PEs ranging from 15 to 33 with an average of 22 and a PE of 18 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 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.

Another week of gain for Trinidad Exchange

The Trinidad and Tobago Stock Exchange rallied for a second consecutive week with the All Trinidad Index closing 0.5 percent higher for the week and the Composite index popping 1.5 percent, with prices of 10 stocks rising and only 3 declining, compared with 7 rising and 9 declining last week.

The average PE ratio of the market, closed at 8.09, compared to 5.5 based on the current year’s earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead.
Winning stocks of note for the week are, Agostini’s regained the $1.75 lost last week to close at $68, Scotiabank climbed $1.52 to $57, Angostura regained the 81 cents lost last week to close at $14.85 and CIBC Caribbean rose 31 cents to $8.50. All other price movements were modest.
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 190 percent, the undervalued Guardian Holdings, with a 440 percent potential, Republic Holdings at 160 percent, First Citizens Bank 115 percent, Massy Holdings now at 50 percent, following poor 2024 profit results, Trinidad Cement with 300 percent. Earnings for Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.

Investors should keep an eye on Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.

Gains for Trinidad Stock Exchange


Only three stocks rallied on the Trinidad and Tobago Stock Exchange on Friday, with one declining and eight ending firm resulting in just 12 securities trading down from 18 on Tuesday, with the volume of stocks traded rising 4 percent valued 60 percent more than on Tuesday, resulting in a big bounce for the Composite Index and the Cross-listed Index, resulting in the market recording gains for the week.

The market closed with trading of 94,765 shares for $1,484,861 up from 91,490 stock units at $930,847 on Tuesday. An average of 7,897 shares were traded at $123,738 well above 5,083 units at $51,714 on Tuesday, with trading month to date averaging 20,968 shares at $452,728 compared with 21,445 units at $464,728 on the previous day and an average for November with 25,044 shares at $171,335.
The Composite Index rallied 15.14 points to close trading at 1,077.40, the All T&T Index inched 1.08 points higher to 1,571.92, the SME Index remained unchanged at 92.52 and the Cross-Listed Index climbed 4.22 points to end at 76.73.
The Investor’s Choice bid-offer indicator ended with four stocks having bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl ended at $59.78 in an exchange of 5 stock units, CIBC Caribbean Bank increased 75 cents and ended at $8.50 after the trading of 7,535 shares, First Citizens Group fell 10 cents to $40.45 in switching ownership of 13,644 units. GraceKennedy remained at $3.70 with traders dealing in 100 stocks, Guardian Holdings ended at $14.80 after it closed with an exchange of 3,597 shares, Massy Holdings popped 2 cents in closing at $3.88 in trading 26,915 stock units. Point Lisas remained at $3.28 with just 11 stocks changing hands,  Prestige Holdings remained at $11.30 with investors trading a mere two units, Republic Financial ended at $112.83 after an exchange of 4,523 stocks. Scotiabank closed at $57 with investors trading 340 shares, Trinidad & Tobago NGL rallied 10 cents to finish at $4.80 with an exchange of 37,933 units and West Indian Tobacco remained at $5.60, with 160 stock units crossing the market.

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

Santa rally on Trinidad Exchange


Investors pushed most stocks higher at the close of the Trinidad and Tobago Stock Exchange on Christmas Eve, with the volume of stocks traded rising 8 percent valued 94 percent more than on Monday resulting in 18 securities trading similar to Monday and ending with prices of 10 rising, just one declining and seven holding firm.

The market closed with trading of 91,490 shares for $930,847 compared to 84,992 stock units at $479,703 on Monday. An average of 5,083 shares were traded at $51,714 compared with 4,722 units at $26,650 on Monday, with trading month to date averaging 21,380 shares at $463,312 compared with 22,320 units at $487,058 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index popped 3.77 points to end at 1,062.26, the All T&T Index climbed 7.29 points to wrap up trading at 1,570.84, the SME Index remained unchanged at 92.52 and the Cross-Listed Index remained unchanged at 72.51.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s advanced $1.75 to end at $68 with investors swapping 1,918 shares, Angostura Holdings popped 81 cents to close at $14.85 in an exchange of 1,485 stocks, Ansa McAl remained at $59.78 after just 12 shares passed through the market. Calypso Macro Investment Fund ended at $23.67 in an exchange of 34 stock units, First Citizens Group rallied 15 cents to finish at $40.55 with trading in 1,808 shares, GraceKennedy rose 5 cents to close at $3.70, with 55 units crossing the exchange. Guardian Holdings declined 5 cents to close at a 52 weeks’ low of $14.80 in switching ownership of 2,916 stocks, JMMB Group ended at $1.08 after 364 stock units changed hands, Massy Holdings inched 1 cent higher to finish at $3.86 with a transfer of 29,200 shares. National Flour Mills increased 4 cents and ended at $1.70 with investors dealing in 1,259 stock units, NCB Financial remained at $2.39 with 37,200 stocks clearing the market, One Caribbean Media remained at $2.99 in trading 36 units. Prestige Holdings gained 9 cents in closing at $11.30 with 10,993 stocks changing hands, Republic Financial popped 8 cents to $112.83 with investors trading 2,399 units, Scotiabank rallied 99 cents to close at $57 with 1,025 shares crossing the market. Trinidad & Tobago NGL ended at $4.70 after an exchange of 200 stock units, Unilever Caribbean rose 10 cents and ended at $11.40 after a transfer of 257 shares and West Indian Tobacco ended at $5.60 with 329 units being traded.

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

Trading drops on Trinidad Stock Exchange


Stocks appear to be in the holiday mood, resulting in a sharp drop in the volume and value of trading on the Trinidad and Tobago Stock Exchange on Monday, with the volume declining by a sharp 69 percent and the value down a noted 82 percent from Friday’s levels, resulting from trading in 18 securities, down from 20 on Friday and ending with prices of five rising, five declining and eight ending firm.

The market closed with trading of 84,992 shares for $479,703 down from 275,219 stocks at $2,610,035 on Friday. An average of just 4,722 shares were traded at $26,650 well below the 13,761 units at $130,502 on Friday, with trading for the month to date averaging 22,320 shares at $487,058 compared to 23,398 units at $515,246 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index dipped 3.24 points to close at 1,058.49, the All T&T Index slipped 0.50 points to 1,563.55, the SME Index remained unchanged at 92.52 and the Cross-Listed Index dipped 0.86 points to 72.51.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, CIBC Caribbean Bank slipped 44 cents in closing at $7.75 in an exchange of 6,555 stock units, Endeavour Holdings remained at $18 with investors swapping 100 stocks, First Citizens Group ended at $40.40 in an exchange of 836 stock units. Guardian Holdings ended at $14.85 after 135 stock units passed through the market, Guardian Media remained at $1.20 in trading 34 shares, JMMB Group ended at $1.08 with 59 stock units crossing the exchange. L.J. Williams B share remained at 80 cents with a mere two stock units changing hands, Massy Holdings fell 4 cents to $3.85 as investors exchanged 67,500 units, National Enterprises rose 1 cent to end at $2.80 in switching ownership of 605 shares. National Flour Mills lost 4 cents in closing at $1.66 with investors trading 900 stock units, One Caribbean Media remained at $2.99 with an exchange of 5 stocks, Point Lisas advanced 13 cents to close at $3.28 with 818 units crossing the market. Prestige Holdings shed 9 cents to end at a 52 weeks’ high of $11.21 with investors trading 604 shares, Republic Financial fell 14 cents to close at a 52 weeks’ low of $112.75 after an exchange of 670 units, Scotiabank popped 53 cents to finish at $56.01 in trading 200 stock units. Trinidad & Tobago NGL inched 1 cent higher and ended at $4.70 with 3,663 units crossing the market, Unilever Caribbean ended at $11.30 with investors dealing in 258 shares and West Indian Tobacco increased 6 cents in closing at $5.60 after an exchange of 2,048 units.

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