Rising stocks pushed the Trinidad and Tobago Stock Exchange higher at the close of trading on Tuesday, with the volume of shares traded declining 82 percent and valued 97 percent less than on Monday, resulting from 16 securities changing hands compared with 21 on Monday and ending with prices of five rising, two declining and nine ending firm.
The market closed with trading of 99,628 shares for $947,796 down from 543,710 stock units at $36,176,328 on Monday. An average of 6,227 shares were traded at $59,237 compared with 25,891 units at $1,722,682 on Monday, with trading month to date averaging 17,199 shares at $389,555 compared with 18,639 units at $369,555 on the previous day and an average for November of 25,044 shares at $171,335.
The Composite Index climbed 1.68 points to conclude trading at 1,071.06, the All T&T Index rose 3.24 points to finish at 1,561.38, the SME Index remained at 92.52 and the Cross-Listed Index closed firm at 76.47.
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 of market activity, Agostini’s gained $3 to close at $68 with investors trading 90 stock units, Angostura Holdings ended at $14.85 with 36 shares crossing the exchange, Ansa McAl sank $2.80 and ended at $59.80 with investors trading 557 stocks. First Citizens Group ended at $42 after a transfer of 1,311 units, GraceKennedy ended at $3.59 with investors swapping 10,000 stocks, Guardian Holdings popped 10 cents to end at $14.50 in an exchange of 1,277 units. JMMB Group remained at $1.08 with 600 shares crossing the market, Massy Holdings advanced 1 cent in closing at $3.84 with a transfer of 25,019 stock units, National Flour Mills remained at $1.70 with investors dealing in 11,500 shares.
NCB Financial rose 1 cent to end at $2.39 with 9,310 units changing hands, Prestige Holdings ended at $11.30 with investors trading 5 stocks, Republic Financial declined 50 cents and ended at $113 in an exchange of 578 stock units. Scotiabank ended at $55.95 with traders dealing in 6,305 shares, Trinidad & Tobago NGL remained at $4.70 after an exchange of 16,765 stocks, Unilever Caribbean rallied 4 cents and ended at $11.25 in trading 13,000 units and West Indian Tobacco remained at $5.55 and closed with 3,275 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 543,710 shares with the value jumping to $36,176,328 up sharply from just 79,232 stock units at $1,591,952 on Friday. An average of 25,891 shares were traded at $1,722,682 up from just 3,967 units at $78,598 on Friday, with trading month to date averaging 18,638 shares at $432,876 compared with 17,130 units at $164,698 on the previous day and an average for November of 25,044 shares at $171,335.
Calypso Macro Investment Fund popped 7 cents to close at $23.67 in switching ownership of 10 stock units, CIBC Caribbean Bank dropped 20 cents to finish at $8.55 with 20,341 shares changing hands, First Citizens Group remained at $42 with traders dealing in 4,839 stock units. GraceKennedy ended at $3.59 and closed with 140,000 stocks changing hands, Guardian Holdings ended at $14.40 with 4,420 stocks crossing the market, L.J. Williams A share increased 1 cent to end at a 52 weeks’ high of 22 cents with investors dealing in 12,240 units. L.J. Williams B share fell 1 cent in closing at a 52 weeks’ low of 80 cents after an exchange of 2,733 shares, Massy Holdings skidded 1 cent to finish at $3.83 in trading 35,944 stock units, National Enterprises sank 1 cent to close at $2.79 after an exchange of 3,532 stocks. 
National Flour Mills remained at $1.70 with investors trading 1 unit, NCB Financial declined 1 cent to finish at $2.38 in an exchange of 140 shares, One Caribbean Media shed 17 cents and ended at $2.82 with investors trading 512 stock units. Prestige Holdings ended at $11.30 following a transfer of 263 stocks, Republic Financial sank $1.45 in closing at $113.50, with 303,109 units crossing the exchange, Scotiabank remained at $55.95 with a transfer of 10,548 stocks. Trinidad Cement climbed 10 cents in closing at $2.20 as investors exchanged 193 shares and Unilever Caribbean slipped 19 cents to $11.21 after trading 2,994 stock units.
Four stocks gained and five fell in the Junior Market TOP10 and the Main Market TOP10 had only one stock gaining and 8 declined.
The average PE for the JSE Main Market ICTOP 10 stands at 4.8, well below the market average of 14.4 and the Junior Market TOP10 sits at 7.6, more than half the market, with an average of 12.9.
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.
The average PE ratio of the market rose to 8, compared to 5.34 based on the current year’s earnings. The difference between the two graphically illustrates the market’s current undervalued level and by extension the upside potential ahead.
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 240 percent.
The market closed with trading of just 79,332 shares for $1,591,952 compared to 473,027 stock units at $987,310 on Thursday. An average of a mere 3,967 shares were traded at $79,598 compared with 20,566 units at $42,927 on Thursday, with trading month to date averaging 17,130 stock units at $164,698 compared with 20,380 stocks at $185,712 on the previous day and an average for November of 25,044 shares at $171,335.
Ansa Merchant Bank dropped 50 cents to end at $39.50 with 724 stock units clearing the market, CIBC Caribbean Bank shed 25 cents in closing at $8.75 with an exchange of 100 shares, Endeavour Holdings declined 75 cents to finish at $18 with investors trading 250 units. First Citizens Group rose $1.45 to close at $42 after an exchange of 3,989 stocks, GraceKennedy sank 11 cents to finish at $3.59 with investors trading 500 stock units, Guardian Holdings gained 65 cents and ended at $14.40 in an exchange of 568 shares. JMMB Group popped 1 cent to end at $1.08 with investors trading 3,290 stock units, Massy Holdings ended at $3.84 in an exchange of 24,484 stocks, National Enterprises ended at $2.80 with traders dealing in 500 units. NCB Financial slipped 1 cent to $2.39 with 1,000 shares switching owners, 
Prestige Holdings
The market closed with trading of 473,027 shares at $987,310 versus 316,799 stock units at $7,319,399 on Wednesday. At the close, an average of 20,566 shares were traded at $42,927 compared with 15,840 stock units at $365,970 on Wednesday, with trading month to date averaging 20,380 shares at $185,712 compared with 20,306 units at $242,334 on the previous day and an average for November of 25,044 shares at $171,335.
Ansa Merchant Bank ended at $40 with investors swapping 150 stock units, Calypso Macro Investment Fund dipped 7 cents to $23.60 after an exchange of 500 shares, CIBC Caribbean Bank popped 50 cents to end at $9 with a transfer of 194 stocks. Endeavour Holdings advanced 25 cents to $18.75, with 250 units passing through the market, First Citizens Group rose 30 cents to $40.55 in switching ownership of 3,342 stocks, GraceKennedy fell 1 cent in closing at $3.70 after 904 shares passed through the market. Guardian Holdings remained at $13.75 in trading 310 units, Guardian Media slipped 8 cents to finish at $1.32 with 100 stocks crossing the exchange, JMMB Group remained at $1.07 with traders dealing in 415,093 stock units. Massy Holdings ended at $3.84 as investors exchanged 8,643 shares, National Enterprises climbed 10 cents to close at $2.80 with 18,212 stocks crossing the market, National Flour Mills remained at $1.70 with investors trading 10,500 units. NCB Financial increased 9 cents to $2.40 in an exchange of 30 stock units, 
One Caribbean Media rallied 18 cents and ended at $2.99 after closing with an exchange of 10 shares, Prestige Holdings sank 5 cents to finish at $11.20 with investors trading 2,015 stocks. Republic Financial dipped 4 cents and ended at $114.96 after an exchange of 1,299 units, Scotiabank ended at $55.95 with investors dealing in 689 stock units, Trinidad & Tobago NGL popped 5 cents to close at $4.70 with 8,484 shares clearing the market. Trinidad Cement shed 20 cents in closing at $2.10 with an exchange of 1,038 stocks and Unilever Caribbean ended at $11.25 after a transfer of 42 units.
The market closed with trading of 316,799 shares for $7,319,399 up from 204,810 stocks at $3,847,098 on Tuesday. An average of 15,840 shares were traded at $365,970 compared with 12,048 stocks at $226,300 on Tuesday, with trading month to date averaging 20,306 shares at $242,334 compared with 22,656 units at $177,262 on the previous day and an average for November of 25,044 shares at $171,335.
CIBC Caribbean Bank climbed 50 cents to end at $8.50 after a transfer of 2,110 stocks, First Citizens Group increased by 2 cents in closing at $40.25 with investors dealing in 1,619 shares. Guardian Holdings sank 5 cents to $13.75 with a transfer of 1,715 stock units, JMMB Group ended at $1.07, with 8 stock changing hands, L.J. Williams B share popped 2 cents in closing at 81 cents with 4,000 shares crossing the exchange. Massy Holdings remained at $3.84 with investors trading 10,487 stock units, National Enterprises gained 5 cents to end at $2.70 after 1,000 units crossed the market, NCB Financial rose 1 cent to $2.31 with an exchange of 196,150 stocks. One Caribbean Media slipped 5 cents to $2.81 with the trading of 3,493 units, 
Prestige Holdings lost 5 cents to finish at $11.25 as investors exchanged 350 stocks, Republic Financial advanced $1.50 and ended at $115 in trading 50,065 shares. Scotiabank remained at $55.95 after 2,569 stock units changed hands, Trinidad & Tobago NGL ended at $4.65 after 12,335 shares passed through the market, Trinidad Cement rallied 10 cents to end at $2.30 in an exchange of 10,766 stocks. Unilever Caribbean increased 5 cents to $11.25 with traders dealing in 100 units and West Indian Tobacco climbed 55 cents to end at $5.55 after an exchange of 2,145 stock units.
The market closed with trading of 204,810 shares valued $3,847,098 compared to 656,134 stock units at $2,888,756 on Monday. An average of 12,048 shares were traded at $226,300 versus 31,244 units at $137,560 on Monday, with trading month to date averaging 22,656 shares at $177,262 compared with an average of 25,044 shares at $171,335 for November.
At the close of trading, Ansa McAl dropped $1.86 to close at $63.15 in an exchange of 1,353 stock units, CIBC Caribbean Bank rallied 10 cents to $8 with traders dealing in 2,000 shares, First Citizens Group rose 3 cents to $40.23 with 3,869 stock units crossing the market. GraceKennedy gained 12 cents to end at $3.71 after an exchange of 30,337 units, Guardian Holdings popped 5 cents to end at $13.80 after it closed with 6,500 shares changing hands, JMMB Group fell 1 cent in closing at $1.07 with investors trading 2 stock units. Massy Holdings remained at $3.84 with 31,399 stocks clearing the market, National Enterprises sank 10 cents and closed at $2.65 with investors swapping 60,332 units, NCB Financial ended at $2.30 in an exchange of 24,950 stocks. 
One Caribbean Media advanced 4 cents to finish at $2.86 with investors dealing in 1,000 stock units, Prestige Holdings ended at $11.30 with 482 shares passing through the market, Republic Financial increased 50 cents to $113.50 as investors traded 25,105 stock units. Scotiabank remained at $55.95 after investors ended trading of 2,544 shares, Trinidad & Tobago NGL climbed 5 cents to $4.65 with 4,836 stocks crossing the market, Trinidad Cement ended at $2.20 with an exchange of 2,302 units. Unilever Caribbean dipped 28 cents and ended at $11.20 with the trading of 613 stock units and West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $5 after an exchange of 7,186 shares.
The market closed with trading of 656,134 shares for $2,888,756 up sharply from 92,455 stock units at $603,956 on Friday. An average of 31,244 shares were exchanged at $137,560 compared to 5,136 units at $33,553 on Friday and with November that average of 25,044 shares at $171,335.
Endeavour Holdings increased $1.50 to close at a 52 weeks’ high of $18.50 as investors exchanged 25 stock units, First Citizens Group fell 20 cents to end at $40.20 with investors trading 779 shares, GraceKennedy slipped 11 cents and ended at $3.59 with 501,100 stock units crossing the exchange. Guardian Holdings remained at $13.75 with a transfer of 1,820 stocks, JMMB Group popped 1 cent in closing at $1.08 with 49 units clearing the market, Massy Holdings ended at $3.84 with an exchange of 79,325 shares. National Enterprises skidded 5 cents and ended at $2.75, with 14,353 stocks crossing the market, National Flour Mills remained at $1.70 after an exchange of 10 units, NCB Financial ended at $2.30 with investors trading 50 stock units. One Caribbean Media gained 1 cent to close at $2.82 in an exchange of 207 shares, Point Lisas fell 5 cents to end at $3.15 with investors trading 70 units, Prestige Holdings ended at $11.30 in switching ownership of 478 stocks.
Republic Financial rallied 1 cent to finish at $113 after an exchange of 3,043 stock units, Scotiabank remained at $55.95, with 25 shares changing hands, Trinidad & Tobago NGL slipped 5 cents to close at a 52 weeks’ lows of $4.60 with traders dealing in 35,015 units. Trinidad Cement lost 11 cents to a 52 weeks’ lows of $2.20 in an exchange of 3,920 stock units, Unilever Caribbean rose 28 cents in closing at $11.48 with 13,000 stock units crossing the market and West Indian Tobacco declined 44 cents to finish at a 52 weeks’ lows of $5.06 after a transfer of 2,744 shares.
Against the above developments, just two stocks recorded gains and 5 fell in the Junior Market TOP10 and in the Main Market TOP10, only 3 stocks gained and 5 declined.
In Main Market ICTOP10 activity, Guardian Holdings climbed 4 percent to $315 and JMMB Group also gained 4 percent to $22.50. Pulse Investments dropped 11 percent to $1.16 and Berger Paints declined 9 percent to $7.80, 138 Student Living gave up 5 percent to close at $4.10 and VM Investments lost 4 percent in closing at $2.49.
In the Junior Market IC TOP10 are 14 stocks, 29 percent of the market, with PEs ranging from 15 to 32 with an average of 20 and a PE of 17 for half of the market with the highest PEs.