Stock prices tumbled on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 19 percent, but valued at 21 percent less than on Wednesday, resulting in 19 securities trading down from 22 on Tuesday, with prices of just one stock rising, six declining and 12 closing firm.
The market closed trading with an exchange of 259,085 shares for $2,567,104 compared to 216,912 stock units at $3,237,041 on Tuesday.
An average of 13,636 shares were traded at $135,111 compared with 9,860 stock units at $147,138 on Tuesday, with trading month to date averaging 17,446 shares at $159,491 compared with 17,846 units at $162,051 on the previous day and an average for April of 17,642 shares at $178,724.
The Composite Index skidded 5.01 points to end the day at 1,149.02, the All T&T Index slipped 4.10 points to 1,739.48, the SME Index popped 0.05 points to end at 78.95 and the Cross-Listed Index dipped 0.84 points to close trading at 72.38.
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 ended at $68.75 with a transfer of 11,548 stock units, Angostura Holdings ended at $20 after an exchange of 50 shares, Ansa Merchant Bank ended at $45 in switching ownership of 310 stocks. Calypso Macro Investment Fund remained at $23 with traders dealing in 978 units, Endeavour Holdings rose 1 cent to $15.01 in an exchange of 820 stocks, First Citizens Group closed trading with 2,489 stock units at $46.50. FirstCaribbean International Bank remained at $6.93 with investors trading 1,165 shares, Guardian Holdings ended at $17 after an exchange of 9,222 stocks, JMMB Group slipped 5 cents to $1.29 after 26,680 shares crossed the exchange. Massy Holdings ended at $4.19 with investors dealing in 13,204 stock units, National Enterprises finished market activity at $3.65 with 10,801 stocks clearing the market, NCB Financial fell 30 cents to end at $2.60 with an exchange of 151,473 units.
One Caribbean Media ended at $3.70, with just 4 stocks crossing the market, Prestige Holdings dropped 40 cents to $12.60 with investors swapping 18 shares, Republic Financial sank $1 to end at a 52 weeks’ low of $117 after a transfer of 4,760 stock units. Scotiabank dipped 69 cents to $66.31, with 2,353 units crossing the market, Trinidad & Tobago NGL lost 21 cents and ended at a 52 weeks’ low of $7.75 as investors exchanged 11,400 stocks, Unilever Caribbean remained at $11.99 after 1,221 units passed through the market and West Indian Tobacco ended at $9 with investors transferring 10,589 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 216,912 shares for $3,237,041 compared to 595,733 stock units at $3,794,274 on Monday.
Ansa McAl remained at $57 in an exchange of 5,000 stock units, Ansa Merchant Bank ended at $45, with 66 shares changing hands, Calypso Macro Investment Fund ended at $23 after 3,022 stock units were transferred. FirstCaribbean International Bank ended at $6.93 with 999 stocks clearing the market, Guardian Holdings shed 50 cents to finish at $17 in trading 67,084 stock units, JMMB Group dipped 1 cent and ended at $1.34 after an exchange of 148 shares. L.J. Williams B share lost 6 cents in closing at $1.89 after 50 stocks were traded, Massy Holdings slipped 1 cent to $4.19 in switching ownership of 97,886 units, National Enterprises fell 5 cents to close at $3.65 after investors ended trading 10,127 stock units. National Flour Mills rallied 5 cents to $2 in an exchange of 299 shares, NCB Financial rose 20 cents in closing at $2.90 with investors swapping 8 stocks, One Caribbean Media ended at $3.70, with 1,044 units crossing the exchange.
Prestige Holdings remained at $13 with investors trading 7 stock units, Republic Financial ended at $118 with an exchange of 6,831 shares, Scotiabank sank 50 cents to $67, with 818 units crossing the market. Trinidad & Tobago NGL popped 1 cent to $7.96 after 7,057 stocks were exchanged, Trinidad Cement climbed 5 cents to close at $2.60 with investors transferring 25 stock units, Unilever Caribbean declined by 1 cent to $11.99 with investors dealing in 12,356 shares and West Indian Tobacco ended at $9 after a transfer of 110 units.
Based on closing bids and offers for CAB, the price could pull back, with most buyers still trying to get stocks below $3. The first quarter results expected this week could change that, also expected are results for the majority of companies.
Junior Market ICTOP10 witnessed a 9 percent fall in tTech to close at $2.01, with Access Financial ending with a loss of 6 percent in closing at $19.85.
The average PE in the top half of the market is 17, possibly the lowest fair value for stocks, currently.
The market closed with an exchange of 255,819 shares for $838,815 up from 86,938 stock units at $752,643 on Thursday.
At the close, Agostini’s sank 28 cents to end at $68.75 with an exchange of 879 shares, Angostura Holdings ended at $20 and closed with an exchange of 12 stocks, Ansa McAl advanced $2 to close at $59 with traders dealing in just 4 units. Ansa Merchant Bank remained at $45 in an exchange of 1,690 stock units, First Citizens Group shed 10 cents in closing at $47.40 with investors trading 1,254 shares, FirstCaribbean International Bank rose 3 cents to finish at $6.93, with 435 stock units crossing the market. GraceKennedy ended at $3.90 with investors dealing in 10,325 stocks, Guardian Holdings lost 1 cent to end at $17.50 with a transfer of 1,165 units, JMMB Group slipped 5 cents to end at $1.35 after an exchange of 170,749 stocks. Massy Holdings climbed 5 cents in closing at $4.24 in trading 7,811 shares, National Enterprises remained at $3.70 after a transfer of 1,366 stock units, National Flour Mills increased 6 cents to finish at $2 with investors swapping 1,301 units. 
NCB Financial ended at $2.70 with 50,988 shares clearing the market, One Caribbean Media popped 20 cents to $3.70 as investors exchanged 2,700 stock units, Prestige Holdings rallied $1.68 in closing at a 52 weeks’ high of $12.91 after trading 770 stocks. Republic Financial remained at $117.97, with 865 units changing hands, Scotiabank gained $1.25 to close at $67.50, with 300 shares passing through the exchange, Trinidad & Tobago NGL ended at $7.95 with investors trading 2,405 stock units and West Indian Tobacco fell 1 cent to $9.99 after an exchange of 800 units.
National Enterprises ended at $3.70 as investors exchanged 5 stock units, National Flour Mills remained at $1.94 in trading 1,000 stocks, NCB Financial ended at $2.70 after closing with an exchange of 34,012 shares. One Caribbean Media fell 20 cents to close at $3.50 with just 2 stock units changing hands, Republic Financial dipped 4 cents to finish at a 52 weeks’ low of $117.97 with 632 stocks clearing the market, Scotiabank fell 75 cents to end at $66.25 in switching ownership of 682 units. Trinidad & Tobago NGL skidded 5 cents in closing at a 52 weeks’ low of $7.95 with investors trading 6,056 shares, Trinidad Cement slipped 5 cents to $2.55 after 1,000 units crossing the exchange and West Indian Tobacco remained at $10 with traders dealing in 9,854 stocks.
The market closed with an exchange of 195,705 shares for $1,935,850 versus 185,374 stock units at $3,535,845 on Tuesday.
At the close, Agostini’s ended at $69.03 with a transfer of 1,324 shares, Angostura Holdings slipped 10 cents to end at $20, with 658 units crossing the market, Ansa Merchant Bank sank 25 cents to close at $45 after an exchange of 10 shares. Calypso Macro Investment Fund ended at $23, with 53 stocks changing hands, First Citizens Group ended at $47.50 with investors trading 3,261 shares, FirstCaribbean International Bank lost 3 cents to finish at $6.90 after an exchange of 4,185 stocks. Guardian Holdings ended at $17.50 after 213 units were exchanged, JMMB Group advanced 5 cents to $1.40, with 245 stock units crossing the market, Massy Holdings remained at $4.25 with traders dealing in 72,598 shares. National Enterprises ended at $3.70 after 930 stock units passed through the market, NCB Financial remained at $2.70 with investors dealing in 76,000 stocks, 
Point Lisas ended at $3.70 after an exchange of 128 units. Republic Financial rose 1 cent to $118.01 with investors swapping 7,053 shares, Scotiabank gained 75 cents to finish at $67 after an exchange of 2,680 stocks, Trinidad & Tobago NGL closed at $8 in trading 3,442 units. Trinidad Cement ended at $2.60 as investors exchanged 20,125 stock units, Unilever Caribbean popped 41 cents to close at $11.55 after a transfer of 1,300 shares and West Indian Tobacco ended trading of 1,500 stock units at $10.
The market closed trading with an exchange of 185,374 shares for $3,535,845 compared to 919,495 stock units at $7,213,577 on Monday.
At the close, Agostini’s ended at $69.03, with 20 shares changing hands, Angostura Holdings remained at $20.10 with investors transferring 124 units, Ansa McAl remained at $57 after 1,116 shares crossed the market. Calypso Macro Investment Fund increased 19 cents to end at $23 with a transfer of 15 stock units, Endeavour Holdings lost $1.25 to finish at $15 with 7,497 shares clearing the market, First Citizens Group dipped 1 cent and ended at $47.50 after it closed with an exchange of 15,631 stock units. FirstCaribbean International Bank slipped 11 cents to $6.93 with 824 units changing hands, GraceKennedy fell 15 cents to close at $3.90 with traders dealing in 45,990 stocks, Guardian Holdings skidded 27 cents in closing at $17.50 in an exchange of 1,852 units. 
JMMB Group ended at $1.35, with 16,400 stocks crossing the market, Massy Holdings popped 2 cents to $4.25 after a transfer of 21,765 shares, National Enterprises shed 2 cents and ended at $3.70 in trading 767 stock units. National Flour Mills ended at $1.94 after 1,200 shares passed through the market, NCB Financial declined by 5 cents to finish at $2.70 after investors traded 29,038 stocks, One Caribbean Media remained at $3.70 with investors dealing in 320 units. Republic Financial dipped 50 cents to close at $118 after an exchange of 11,642 stock units, Scotiabank rose $1.25 to end at $66.25 with investors swapping 9,748 shares, Trinidad & Tobago NGL dropped 13 cents in closing at $8 in switching ownership of 16,157 units. Trinidad Cement ended at $2.60 after an exchange of 1,275 stocks and West Indian Tobacco remained at $10 with investors trading 3,993 stock units.
The market closed with an exchange of 919,495 shares for $7,213,577 up from 281,951 stocks at $2,799,468 on Friday.
At the close, Agostini’s remained at $69.03 in an exchange of 871 shares, Ansa McAl ended at $57 with 19,926 units clearing the market, First Citizens Group dipped 49 cents to $47.51 after trading of 210 shares. GraceKennedy gained 5 cents and ended at $4.05 after an exchange of 50,864 stock units, JMMB Group remained at $1.35 with investors trading 47,117 shares, Massy Holdings lost 2 cents in closing at $4.23 after trading 497,504 stocks. National Flour Mills dropped 16 cents to close at $1.94 with an exchange of 4,930 units, NCB Financial fell 15 cents to end at $2.75, with 185,147 stock units crossing the market, Point Lisas skidded 20 cents in closing at $3.70 after an exchange of 263 shares. Prestige Holdings popped 3 cents and ended at $11.23 with investors trading 4,100 stocks, Republic Financial sank $1.25 to close at $118.50 in switching ownership of 16,093 units, 
Scotiabank slipped 99 cents to finish at $65 with investors swapping 4,829 stock units. Trinidad & Tobago NGL shed 22 cents and ended at a 52 weeks’ low of $8.13 after an exchange of 127 shares, Trinidad Cement ended at $2.60 and closed after an exchange of 4,000 stocks, Unilever Caribbean rose 2 cents to $end at 11.14 after 3,172 stocks passed through the market and West Indian Tobacco slipped 10 cents to finish at $10 with investors dealing in 80,342 units.
The main market top 10 saw Margaritaville falling 15 percent to $14.25 during the week followed by JMMB Group down 7 percent to $23.60, while Palace Amusement rose 6 percent to $1.08. Junior Market ICTOP10 witnessed an 8 percent gain in Edufocal to close at $0.96, with losses in Iron Rock Insurance of 12 percent to close at $2.20 and a 6 percent contraction in the price of AMG Packaging to $3.40.
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.
Trading closed with an exchange of 281,951 shares at $2,799,468 versus 258,004 stock units at $2,857,161 on Thursday.
At the close, Agostini’s fell 46 cents to end at $69.03, with 1,808 shares changing hands, Angostura Holdings lost 5 cents to close at $20.10 with investors trading 206 stocks, Ansa McAl ended at $57, with 22 units being traded. Calypso Macro Investment Fund shed 19 cents and ended at $22.81 in an exchange of 415 stocks, First Citizens Group remained at $48 with investors trading 2,082 shares, FirstCaribbean International Bank rose 9 cents to $7.04 after a transfer of 73,250 units. GraceKennedy ended at $4 after 43,500 stocks passed through the market, Guardian Holdings dropped 23 cents to end at $17.77 in an exchange of 200 stock units, JMMB Group sank 5 cents in closing at $1.35 after an exchange of 6,215 shares. 
Massy Holdings remained at $4.25 with 87,363 stock units clearing the market, NCB Financial remained at $2.90 in switching ownership of 15,500 units, One Caribbean Media ended at $3.70 with investors dealing in just 3 stocks. Prestige Holdings skidded $1.80 and ended at $11.20, with 2,812 units crossing the market, Republic Financial ended at $119.75 as investors exchanged 8,067 stocks, Scotiabank dipped 1 cent to close at $65.99 after 1,035 shares were traded and West Indian Tobacco gained 10 cents to finish at $10.10 with investors transferring 39,473 stock units.