Market activity ended on Wednesday after 16 percent shares fewer shares with a 17 percent lower value traded than on Tuesday, resulting in an equal number of stocks rising and falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 14 traded compared to 16 on Tuesday, with four stocks rising, four declining and six remaining unchanged. The Composite Index rose 6.80 points to 1,374.39, the All T&T Index advanced 13.16 points to 1,860.79 and the Cross-Listed Index remained unchanged at 119.67.
A total of, 470,149 shares traded, for $8,330,555 compared to 560,040 units at $9,978,704 on Tuesday.
An average of 33,582 units traded at $595,040 for the day, compared to 35,003 at $623,669 on Tuesday. The average trade for the month to date amounts to 26,066 units at $406,977 versus 25,666 units at $396,966. The average trade for April ended at 11,472 units at $184,959.
The 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, Agostini’s remained at $24.40 with an exchange of 30 shares, Angostura Holdings ended at $15 after exchanging 1,200 units, Ansa Mcal rose 2 cents to $56.75 after exchanging 3,053 shares. Clico Investment Fund ended at $25.50, exchanging 121,283 shares, First Citizens Bank rose $1.50 in closing at $50 after trading 8,617 units, Guardian Holdings lost 18 cents in closing at $32.32 in switching ownership of 25,226 stocks, Massy Holdings dropped $6.24 to close at $68.51 with an exchange of 55 units.
National Flour Mills settled at $2.30 while exchanging 130,465 stocks, NCB Financial Group closed at $8.50 with the swapping of 60,249 shares, Prestige Holdings fell 44 cents to end at $6.55 in an exchange of 909 shares. Scotiabank gained $1 to end at $57 after clearing the market with 22,486 units, Trinidad & Tobago NGL gained 89 cents to close at $17.84 after exchanging 91,271 stock units, Unilever Caribbean closed at $16.33, with 2,058 stocks crossing the market and West Indian Tobacco fell 1 cent to end at $32.48 with the swapping of 3,247 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
T&TSE market rises
Rising T&T stocks clobber others
Massy Holdings jumped $7.75 to a 52 weeks’ high of $74.75, as market activity ended on Tuesday after 71 percent fewer shares valued 56 percent less than on Monday traded, resulting in rising stocks dominating declining ones at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 16 traded compared to 15 on Monday, with nine stocks rising, one declining and six closing unchanged. The Composite Index climbed 9.11 points to 1,367.59, the All T&T Index rose 8.76 points to end at 1,847.63 and the Cross-Listed Index gained 1.33 points to settle at 119.67.
A total of, 560,040 shares were exchanged for $9,978,704, down sharply from 1,938,335 units at $22,585,268 on Monday.
An average of 35,003 units were traded at $623,669 down from 129,222 at $1,505,685 on Monday. The average trade month to date amounts to 25,666 units at $396,966 versus 25,061 units at $382,281. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Angostura Holdings traded 1,450 shares at $15, Ansa McAL remained at $56.73 in exchanging 906 units, Clico Investment Fund gained 20 cents to close at $25.50 after transferring 98,554 stocks. First Citizens Bank advanced $1.70 to $48.50 with 35,283 shares crossing the market. Grace Kennedy rose 40 cents to end at a 52 weeks’ high of $5.25 in trading 94,028 units, 
Guardian Holdings picked up 15 cents to close at $32.50 trading 27,000 stocks, JMMB Group remained at $1.81 in switching ownership of 60 shares. Massy Holdings jumped $7.75 to end at a 52 weeks’ high of $74.75 after 2,250 units crossed the exchange, National Flour Mills closed at $2.30 in trading 84,166 shares, NCB Financial Group traded 100,000 stocks at $8.50. Point Lisas gained 5 cents to settle at $3 in exchanging 1,248 stocks, Prestige Holdings lost 1 cent to end at $6.99 trading 222 units, Republic Financial Holdings closed at $135 in transferring 416 shares. Scotiabank advanced $1.10 to $56 after exchanging 31,802 units, Trinidad & Tobago NGL rose 46 cents to $16.95 in trading 81,953 shares and Unilever Caribbean added 1 cent in closing at $16.33 with the swapping of 702 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump in trading on TTSE
The volume and value of stocks traded rose sharply on Monday, after exchanging 480 percent more shares valued 240 percent greater than on Friday and resulting in slightly more stocks falling than rising at the close of the Trinidad and Tobago Stock Exchange.
A total of 1,938,335 shares traded for $22,585,268 versus 334,379 units at $6,637,409 on Friday.
An average of 129,222 units traded at $1,505,685 compared to 20,899 at $414,838 on Friday. The average for the month to date amounts to 25,061 units at $382,261 versus 18,327 units at $309,647. The average trade for April amounted to 11,472 units at $184,959.
Fifteen securities traded against 16 on Friday, with two rising, five declining and eight closng unchanged. The Composite Index rose 2.50 points to 1,358.48, the All T&T Index lost 2.59 points to close at 1,838.87 and The Cross-Listed Index increased 1.11 points to settle at 118.34.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Agostini’s closed at $24.40 in exchanging 17,200 shares, Ansa Mcal ended at $56.73, with 16,544 shares changing hands, Clico Investment Fund shed 20 cents in ending at $25.30 with the swapping of 821 stock units. First Citizens Bank added 1 cent in closing at $46.80 trading 31,948 stock units. Guardian Holdings dropped 15 cents to close at $32.35 in exchanging 33,176 units, JMMB Group ended at $1.81 trading 284 units, Massy Holdings closed at $67, with 4,871 stocks crossing the market. 
National Enterprises dipped 4 cents to $2.96, with 2,043 units switching owners, NCB Financial Group climbed 20 cents to $8.50, with 1,754,266 shares crossing the market, One Caribbean Media shed 39 cents to close at $4.50 while exchanging 399 shares. Republic Financial Holdings settled at $135 in an exchange of 1,062 shares, Scotiabank closed at $54.90 trading 51,984 stock units, Trinidad & Tobago NGL ended at $16.49 after 20,607 shares changed hands. Unilever Caribbean slipped 1 cent to $16.32 trading 83 stock units and West Indian Tobacco settled at $32.49 with an exchange of 3,047 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Guardian Holdings in ICTOP10
Guardian Holdings moved into the IC TOP 10 following the release of a prospectus from NCB Global that is offering 2 million shares to the public at $790 each, with the stock price falling immediately, after by more than $110, to be in line with the public offer price, valuing the company’s shares at 8 times 2021 projected earnings.
Guardian Holdings now in ICInsider.com’s TOP10.
Elsewhere, with the passage of earnings season, the markets have lost most of their recent firepower to drive prices forward at a time when the Junior Market is trading at the very top of its upward sloping channel while the JSE Main Market is a few thousand points away and in facing much turbulence in attempting to break through the peak.
At the start of the past week, the Junior Market pulled back from last Friday’s close, to sit just above the 3,300 level but climbed on each succeeding day of the week, but pulled back slightly on Friday to close at 3,324 points just a few points higher than at the end of the previous week. At the same time, the JSE Main Market made attempts to come close to the 460,000 mark of the All Jamaica Composite Index but was rebuffed on each occasion and ended the week at 454,479.33, up from 451,713.66 at the close of the previous week.
The Junior Market has to decidedly break through the upper limit of the trading channel, to free it to move on to the next area of resistance, just over 4,000 mark, but the Main Market has room to run for a few thousand points before it hits the channel top at 460,000 points.
There is a shakeup of the top three stocks in the Junior Market, this week. Elite Diagnostic heads the list, followed by Caribbean Assurance Brokers and Caribbean Producers, with potential to gain between 247 to 300 percent. 
The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Wisynco and PanJam Investments, with expected gains of 151 to 344 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months or so.
The Junior Market with an average PE 12.5 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17, this represents another 36 percent rise in the market that would equate to a rise of 60 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.2 at just 50 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 15 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.9 or 48 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 225 percent and 162 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Trading dips on TTSE
Trading dips on TTSEMarket activity declined on Friday, relative to Friday’s trading, with investors exchanging 38.45 percent fewer shares with a lower value than on Thursday, resulting in more stocks rising than declining at the close of trading on the Trinidad and Tobago Stock Exchange.
A total of 16 securities traded compared to 20 on Thursday, with prices of five stocks rising, three declining and eight remaining unchanged. The Composite Index fell 4.34 points to 1,355.98, The All T&T Index rose 6.90 points to 1,841.46 and the Cross-Listed Index lost 2.29 points to sit at 117.23.
At the close, 334,379 shares traded, for $6,637,409, down from 543,273 units at $7,979,074 on Thursday.
An average of 20,899 units traded at $414,838 compared to 27,164 at $398,954 on Thursday. Trading month to date averages 18,327 units traded at $309,647 versus 18,136 units at $301,855. The average trade for April amounts to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows no stock ending with bids higher than their last selling prices and two with lower offers.
At the close, Ansa Mcal ended trading of 7,417 shares at $56.73, First Citizens Bank traded 46,240 units at $46.79, FirstCaribbean International Bank fell 39 cents to a 52 weeks’ low of $6.10after 17,423 stocks crossed the exchange, Clico Investment Fund gained 1 cent in trading 20,135 stocks at $25.50. Grace Kennedy shed 15 cents to end at $4.85, with 48,436 units changing hands, Guardian Holdings advanced 50 cents to close at $32.50 with an exchange of 45,790 stock units, Massy Holdings declined $1.73 to $67 in switching ownership of 11,084 stock units. 
National Flour Mills remained at $2.30 after an exchange of 95,998 stocks, NCB Financial Group closed at $8.30 with an exchange of 3,700 units, One Caribbean Media gained 1 cent to close at $4.89 after switching ownership of 6,000 units. Point Lisas remained at $2.95, with 1,000 stock units clearing the market, Republic Financial Holdings remained at $135 after trading 530 shares, Scotiabank ended after exchanging 2,002 stock units to end at $54.90. Trinidad & Tobago NGL climbed $1.49 to close at $16.49 in an exchange of 23,421 stocks, Unilever Caribbean remained at $16.33 after exchanging 2,000 units and West Indian Tobacco advanced 4 cents to end at $32.49, trading 3,203 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on T&TSE
Market activity ended on Thursday with the market declining after 34 percent more shares, with a value 135 percent higher traded than on Wednesday, resulting in rising stocks just edging out those declining on the Trinidad and Tobago Stock Exchange.
Similar to trading on Wednesday 20, securities changed hands, with prices of six stocks rising, five declining and nine remaining unchanged. The Composite Index declined 2.23 points to 1,360.32, the All T&T Index lost 7.19 points to close at 1,834.56 and the Cross-Listed Index advanced 0.43 points to settle at 119.52.
At the close, 543,273 shares changed hands at $7,979,074, compared to 404,984 units at $3,387,265 on Wednesday.
Trading averaged 27,164 units at $398,954 up from 20,249 at $169,497 on Wednesday. An average of 18,136 units traded at $301,855 for the month to date versus 17,215 units at $291,947. The average trade for April amounted to 11,472 units at $184,959.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $24.40 after exchanging 16 shares, Angostura Holdings declined $1.50 to end at $15 in switching ownership of 53,024 units, Ansa Mcal rose 67 cents to end at $56.73 after exchanging 14,909 stocks. Clico Investment Fund shed 1 cent to end at $25.49, with 575 stock units clearing the market, First Citizens Bank ended at $46.79 with an exchange of 9,117 stocks, FirstCaribbean International Bank closed at $6.49 in trading of 27 stock units, Grace Kennedy ended at $5 in trading 6,511 shares. Guardian Holdings declined 95 cents to $32 after exchanging 80,206 shares, JMMB Group ended at $1.81 in trading 34,935 stocks, Massy Holdings dipped 3 cents to $68.73, with 7,715 shares clearing the market. 
National Flour Mills settled at $2.30 trading 60,092 units, NCB Financial Group advanced 9 cents to $8.30 after an exchange of 52,375 stock units, One Caribbean Media advanced 38 cents to $4.88 after trading 17 stocks. Prestige Holdings rose 47 cents to $7 after exchanging 100 units, Republic Financial Holdings climbed 44 cents to $135, with 4,959 stock units changing hands, Scotiabank remained at $54.90 with the swapping of 1,960 units. Trinidad & Tobago NGL closed at $15 in exchanging 43,921 shares, Trinidad Cement lost 4 cents in ending at $3.25 after trading 164,975 shares, Unilever Caribbean climbed 3 cents to $16.33 in trading 4,538 units and West Indian Tobacco closed at $32.45, with 3,301 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Positive trading for TTSE
Market activity ended on Wednesday, with the market rising after trading of 264 percent shares than on Tuesday, resulting in more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 20 securities traded, up from 17 on Tuesday, with six rising, four declining and 10 remaining unchanged. The Composite Index rose 5.01 points to 1,362.55, the All T&T Index increased 2.30 points to settle at 1,841.75 and the Cross-Listed Index gained 1.11 points to close at 119.09.
A total of 404,984 shares changed hands at $3,389,931 compared to 111,300 units at $2,813,902 on Tuesday. An average of 20,249 units traded at $169,497 up from 6,547 at $165,524 on Tuesday. An average of 17,215 units traded at $291,947 for the month to date compared to 16,870 units at $305,862. The average trade for April amounts to 11,472 units at $184,959.
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, Agostini’s remained at $24.40 in switching ownership of 9,335 shares, Angostura Holdings rose 99 cents to $16.50, with 200 stocks units changing hands, Ansa Mcal declined 67 cents to $56.06 with an exchange of 872 units. Ansa Merchant Bank closed at $41, trading 2,000 stock units, Calypso Macro Investment Fund rose 6 cents to $14.36 in an exchange of 500 stock units. Clico Investment Fund advanced 25 cents to $25.50, with 25,974 stocks crossing the market, Endeavour Holdings lost 50 cents to close at 52 weeks’ low of $8 trading 332 stock units. First Citizens Bank closed at $46.79 with an exchange of 8,171 stocks, Grace Kennedy dropped 10 cents to end at $5 in trading 15,416 stocks. Guardian Holdings closed at $32.95, with 25,745 shares crossing the exchange, 
Guardian Media rose 24 cents to $3.25, in swapping of 88,557 shares, JMMB Group gained 11 cents in closing at $1.81, after ownership of 206,015 units changed. Massy Holdings settled at $68.76 with the swapping of 1,178 stock units, National Flour Mills ended at $2.30 with 98 stocks crossing the market, NCB Financial Group settled at $8.21 with 9,000 shares changing hands. Republic Financial Holdings settled at $134.56 in trading 2 stocks, Trinidad & Tobago NGL closed at $15 with an exchange of 3,221 stock units, Trinidad Cement increased 4 cents to end at $3.29 while exchanging 25 stock units. Unilever Caribbean closed at $16.30 after exchanging 5,338 stock units and West Indian Tobacco declined 4 cents in closing at $32.45 with the swapping of 3,005 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for TTSE stocks
Market activity pushed nearly half of stocks trading higher on Tuesday, with the market rising after 71.4 percent fewer shares changed hands than on Monday at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close 17 securities traded up from 16 on Monday, with eight rising, five declining and four remaining unchanged. The Composite Index rose 6.06 points to 1,357.54, the All T&T Index gained 12.37 points to finish at 1,839.45, and The Cross-Listed Index shed 0.10 points to close at 117.98.
At the close, 111,300 shares changed hands for $2,813,902, down from 389,324 units at $5,982,945 on Monday.
An average of 6,547 units traded at $165,524, down 24,333 at $373,934 on Monday. An average of 16,870 units traded at $305,862 for the month to date versus 17,974 units at $320,866. The average trade for April amounted to 11,472 units at $184,959.
The 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, Angostura Holdings ended at $15.51 with an exchange of 182 shares, Ansa Mcal declined 2 cents to $56.73 in trading 902 stocks, Clico Investment Fund rose 15 cents to $25.25, with 43,600 units clearing the market. First Citizens Bank rose 4 cents to $46.79 and finished trading 3,110 stock units. FirstCaribbean International Bank climbed 23 cents to $6.49 after 199 shares changed hands, Guardian Holdings gained $1.95 to close at a 52 weeks’ high of $32.95, with 29,618 units trading, Guardian Media dropped 24 cents to $3.01, with 150 units crossing the exchange. 
Massy Holdings climbed $2.76 to end at a 52 weeks’ high of $68.76 in exchanging 78 shares, National Flour Mills ended at $2.30 with an exchange of 126 shares, NCB Financial Group added 1 cent to close at $8.21 in trading 15,642 stock units. One Caribbean Media closed at $4.50 while exchanging 10,000 stock units, Republic Financial Holdings rose $1.78 to $134.56 after an exchange of 1,800 units, Scotiabank shed 10 cents to end at $54.90 with an exchange of 67 stock units. Trinidad & Tobago NGL advanced 50 cents to $15, with 2,460 units crossing the market, Trinidad Cement fell 5 cents to $3.25 with the swapping of 149 stocks, Unilever Caribbean closed at $16.30 in switching ownership of 120 shares and West Indian Tobacco lost 2 cents to end at $32.49 in exchanging 3,097 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks push T&TSE higher
Higher stock prices beat out falling ones at the close of activity ended on Monday, with the market rising after trading 25.54 percent fewer shares than on Friday at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading took place in 16 stocks compared to 15 on Friday, with eight rising, three declining and five ending unchanged. The Composite Index gained 8.26 points to settle at 1,351.48, The All T&T Index increased 7.26 points to 1,827.08 and the Cross-Listed Index gained 1.31 points to close at 118.08.
At the close, 389,324 shares were traded for $5,982,945 down from 522,888 units at $8,105,696 on Friday.
An average of 24,333 units traded at $373,934 compared to 34,859 at $540,380 on Friday. For the month to date, an average of 17,974 units traded at $320,866 versus 17,263 units at $314,929. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s closed at $24.40, trading 4,525 shares, Angostura Holdings gained 1 cent to end at $15.51 in exchanging 1,064 shares, Clico Investment Fund lost 5 cents in closing at $25.10 after exchanging 2,572 units. First Citizens Bank shed 4 cents to close at $46.75, with 21,725 shares crossing the exchange. FirstCaribbean International Bank ended at $6.26 in an exchange of 2,037 stock units, Grace Kennedy rose 10 cents to end at 52 weeks’ high of $5.10, with 88,322 shares changing hands, Guardian Holdings gained $1 to end at 52 weeks’ high of $31 in exchanging 13,605 units.
Massy Holdings advanced 94 cents to close at a 52 weeks’ high of $66 in trading 10,105 stock units, National Enterprises settled at $3 in switching ownership of 2,372 units, National Flour Mills rose 35 cents to close at $2.30 in an exchange of 60,620 shares. NCB Financial Group stayed at $8.20, with 115,974 shares changing hands, Prestige Holdings climbed 2 cents to $6.53, with 50 units crossing the exchange, Republic Financial Holdings climbed 26 cents to $132.78 in trading 6,333 stocks. Scotiabank gained 25 cents to end at $55 in an exchange of 8,975 stocks, Trinidad & Tobago NGL lost 30 cents to close at $14.50 with an exchange of 50,545 shares and Unilever Caribbean settled at $16.30 while exchanging 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Increased trading in Trinidad
Market activity ended on Friday, with the market closing mixed with 11 percent more shares with 46 percent greater value trading than on Wednesday, with the market reopening for trading after closing on Thursday for a public holiday, resulting in declining stocks edging out those rising at on the Trinidad and Tobago Stock Exchange.
A total of 15 securities traded, down from 20 on Wednesday, with five rising, six declining and 4 remaining unchanged. The Composite Index added 2.35 points to settle at 1,343.22, the All T&T Index slipped 1.48 points to 1,819.82 and the Cross-Listed Index rose 0.90 points to close at 116.77.
At the close, 522,888 shares traded, for $8,105,696 versus 469,851 units at $5,564,562 on Wednesday.
An average of 34,859 units traded at 8,105,696 compared to 23,493 at $278,228 on Wednesday. Trading month to date, averaged 17,263 units traded at $314,929 compared to 15,201 units at $288,509. The average trade for April amounted to 11,472 units at $184,959.
The 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 had an exchange of 2,055 shares at $24.40, Ansa Mcal closed at $56.75 with 6,108 stock units changing hands, Clico Investment Fund traded 31,904 units at $25.15. First Citizens Bank remained at $46.80 in an exchange of 3,690 stock units, FirstCaribbean International Bank ended at $6.26 after exchanging 2,158 stocks, Grace Kennedy rose 5 cents to $5 after exchanging 29,566 stock units. Guardian Holdings slipped 1 cent to $30, with 41,447 stock units changing hands, 
National Enterprises fell 23 cents to close at $3 in trading 16,300 shares, National Flour Mills declined 35 cents to end at $1.95 with the swapping of 52,900 shares, NCB Financial Group rose 10 cents to $8.20, with 138,482 stocks crossing the market. Republic Financial Holdings traded 5,371 shares after losing 9 cents and closing at $132.52, Scotiabank gained 9 cents to close at $54.75 trading 11,352 stocks, Trinidad & Tobago NGL jumped $1 to close at $14.80, after trading 178,353 stock units, Unilever Caribbean slipped 3 cents to $16.30 after exchanging 156 stocks and West Indian Tobacco added I cent to end at $32.51, with 3,046 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
