Trading jumped sharply on the Trinidad and Tobago Stock Exchange on Friday, but prices mostly fell, resulting in the volume of stocks traded rising 333 percent and the value surging 1,244 percent more than in Thursday’s trading and resulted in 16 securities switching owners, up from 12 on Thursday and ended with the price of one stock rising, seven declining and eight remaining unchanged.
Investors exchanged 939,230 shares for $12,336,459, up from 216,737 stock units at $917,842 on Thursday.
An average of 58,702 shares were traded at $771,029 compared with 18,061 stocks at $76,487 on Thursday and trading for the month to date averaging 18,505 shares at $263,678 compared to 15,138 units at $221,192 on the previous day and an average trade for October of 15,711 shares for $151,451.
The Composite Index fell 2.45 points to finish at 1,206.74, the All T&T Index dipped 8.15 points to end at 1,820.57, the SME Index remained unchanged at 79.99 and the Cross-Listed Index gained 0.51 points to close at 76.98.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $68.50, with 93,680 shares crossing the exchange, Ansa McAl ended at $57, with 200 units changing hands, First Citizens Group dipped 15 cents and ended at $49.10 after 912 shares passed through the market. FirstCaribbean International Bank remained at $7 with investors trading 31 stocks, GraceKennedy rose 10 cents to $3.65, with an exchange of 62,226 shares, Guardian Holdings ended at $18.65 in an exchange of 8,041 stocks. JMMB Group closed at $1.41 with investors trading 4,752 units, Massy Holdings lost 10 cents to close at $4.25 after an exchange of 698,988 stocks, National Enterprises ended at $3.55 in switching ownership of 19,526 shares. Prestige Holdings declined 5 cents to end at $11.40 after a transfer of 22 units,
Republic Financial fell 59 cents to $123.41, with 16,262 stocks clearing the market, Scotiabank skidded 75 cents to close at $72 as investors traded 1,084 stock units. Trinidad & Tobago NGL shed $1.65 to end at a 52 weeks’ low of $10.65 after investors ended up trading 3,617 shares, Trinidad Cement closed at $2.86 after 2,489 units crossed the market, Unilever Caribbean ended at $11 after an exchange of 26,900 stocks and West Indian Tobacco dipped 1 cent to close at a 52 weeks’ low of $9.59 in trading 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp bounce in trading on Trinidad Exchange
Gains for Trinidad and Tobago Stock Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 48 percent with the value 74 percent less than the level of trading on Wednesday resulting in
12 securities trading compared with 17 on Wednesday and ended with three stocks rising, two declining and seven remaining unchanged.
The Composite Index dropped 3.79 points to close trading at 1,209.19, the All T&T Index shed 8.12 points to end at 1,828.72, the SME Index remained unchanged at 79.99 and the Cross-Listed Index popped 0.12 points to 76.47.
Investors exchanged 216,737 shares for $917,842 down from 420,680 stock units at $3,553,733 on Wednesday.
An average of 18,061 units were traded at $76,487 compared to 24,746 shares at $209,043 on Wednesday,
with trading for the month to date averaging 15,138 shares at $221,192 compared with 14,942 units at $230,891 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Ansa McAl remained at $57 with stakeholders trading 63 units, First Citizens Group ended at $49.25 with a transfer of 691 stocks, FirstCaribbean International Bank remained at $7, with investors exchanging 20,305 shares. Guardian Holdings ended at $18.65 after investors traded 4,163 stock units, JMMB Group advanced 6 cents in closing at $1.41, with 128,555 shares clearing the market, L.J. Williams B share remained at $2.40, with investors trading 10 stock units.
Massy Holdings shed 5 cents to end at $4.35 with investors dealing in 27,000 units, National Enterprises ended at $3.55, with 20,590 stocks changing hands, Republic Financial rose $1 to close at $124 as investors exchanged 964 shares. Scotiabank gained 24 cents to end at $72.75 after 288 stock units ended up crossing the market, Unilever Caribbean dropped 49 cents in closing at $11 in an exchange of 13,900 stocks and West Indian Tobacco ended at $9.60 with investors transferring 208 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Stock Exchange rallied
Trading on Trinidad and Tobago Stock Exchange led to a jump in market value on Wednesday, even as the volume of stocks traded declined by 22 percent with the value falling 69 percent below Tuesday’s level, resulting from trading in 17 securities compared with 21 on Tuesday and ending with prices of two stocks rising, five declining and 10 remaining unchanged.
Investors exchanged 420,680 shares for $3,553,733 versus 538,556 stock units at $11,455,215 on Tuesday.
An average of 24,746 units were traded at $209,043 compared to 25,646 shares at $545,486 on Tuesday, with trading month to date averaging 14,942 shares at $230,891 compared with 13,913 units at $233,182, previously. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index rallied 15.67 points to close at 1,212.98, the All T&T Index climbed 22.71 points to close at 1,836.84, the SME Index ended unchanged at 79.99 and the Cross-Listed Index popped 1.14 points to 76.35.
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, Angostura Holdings ended at $22.25 with an exchange of 2,981 shares, Ansa McAl remained at $57, with 52 units changing hands, Calypso Macro Investment Fund dropped 74 cents to close at $22.76 with investors dealing in 123 shares. First Citizens Group ended at $49.25 after an exchange of 30,114 stock units, GraceKennedy fell 11 cents in closing at $3.55, with 1,060 shares passing through the market, Guardian Holdings remained at $18.65 with shareholders swapping 378 units. Guardian Media ended at $2.20 with 7 stocks crossing the exchange, JMMB Group remained at $1.35 with investors transferring 11,545 stock units, L.J. Williams B share remained at $2.40 after the trading of 121 shares.
Massy Holdings lost 3 cents and ended at $4.40 in switching ownership of 27,190 stocks, National Enterprises ended at $3.55 with traders dealing in 17,035 units, NCB Financial increased 18 cents to end at $3.20 in an exchange of 312,500 stock units. Republic Financial skidded $1.50 in closing at $123 after 5,230 shares were traded, Scotiabank ended at $72.51 with investors exchanging 280 stock units, Trinidad & Tobago NGL declined 20 cents to end at $12.30 in trading 1,000 units. Unilever Caribbean climbed 49 cents to $11.49 after a transfer of 1,000 stocks and West Indian Tobacco ended at $9.60, with 10,064 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks outshine decliners on Trinidad Exchange
Investors mostly pushed stocks higher in trading on the Trinidad and Tobago Stock Exchange on Friday, resulting in 19 securities trading compared with 17 on Thursday, with prices of seven stocks rising, only two declining and seven remaining unchanged as the market closed as the volume of stocks traded rose 43 percent and the value jumped 554 percent over Wednesday out turn.
Investors exchanged 335.666 shares for $2,934,595 compared to 329,768 stock units at $9,971,076 on Wednesday.
An average of 18,648 units were traded at $163,033 compared to 19,398 shares at $586,534 on Wednesday, with trading month to date averaging 12,166 shares at $186,672 compared with 11,217 units at $190,127 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index advanced 4.99 points to 1,199.46, the All T&T Index popped 10.46 points to conclude trading at 1,822.17, the SME Index remained unchanged at 79.99 and the Cross-Listed Index slipped 0.12 points to settle at 74.63.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s climbed 50 cents to close at $67.50 as investors exchanged 23,845 units, Angostura Holdings had an exchange of 100 shares at $20.51, Ansa Merchant Bank rose 87 cents to $43.50 in switching ownership of 3,000 stocks, Ansa McAl closed trading of 300 shares after the price rose 5 cents to $54.05, First Citizens Group ended trading at $49.25 in an exchange of 10,697 stock units, FirstCaribbean International Bank ended at $7 after closing with an exchange of 174 shares, GraceKennedy popped 31 cents to $3.66 in trading 219 units. Guardian Holdings rallied by 10 cents to $1910, with 8,590 stocks crossing the market, JMMB Group ended at $1.41 with stakeholders exchanging 125,026 stock units, Massy Holdings added 2 cents to close at $4.49 after a transfer of 1,819 shares. National Enterprises remained at $3.55 after 2,503 stock units crossed the exchange,
NCB Financial fell by 16 cents to $2.84 with a transfer of 5,640 units, National Flour ended at $1.63 after rising by 11 cents, with 147,325 stocks crossing the market. Prestige Holdings closed at $11.50 after an exchange of 350 shares, Republic Financial ended at $126 after 8,4625 stocks passed through the market, Scotiabank shed 23 cents to close at $72.52 with an exchange of 2,839 units. Trinidad & Tobago NGL ended at $12.50 after 14,198 stock units changed hands and Unilever Caribbean rose 1 cent and ended at $10.51 in an exchange of 1,920 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks outshine decliners on Trinidad Exchange
Trading ended with a divided advance-decline ratio on the Trinidad and Tobago Stock Exchange on Thursday, but stocks advancing overpowered the impact declining ones had on the market at the close as the volume of stocks traded rose 43 percent and the value jumped 554 percent over Wednesday out turn resulting in 17 securities trading compared with 16 on Wednesday, with five stocks rising, five declining and seven remaining unchanged and the market indices rising.
Investors exchanged 329,768 shares for $9,971,076 compared to 231,326 stock units at $1,524,317 on Wednesday.
An average of 19,398 units were traded at $586,534 compared to 14,458 shares at $95,270 on Wednesday, with trading month to date averaging 11,217 shares at $190,127 compared with 9,905 units at $126,555 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index advanced 4.99 points to 1,199.46, the All T&T Index popped 10.46 points to conclude trading at 1,822.17, the SME Index remained unchanged at 79.99 and the Cross-Listed Index slipped 0.12 points to settle at 74.63.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s climbed 50 cents to close at $67.50 as investors traded 23,845 units, Ansa Merchant Bank rose 51 cents to $42.63 in swapping 7,559 stocks, Endeavour Holdings ended at $15 with investors trading 32 shares. First Citizens Group lost 1 cent to end at $49.25 after an exchange of 1,112 stock, FirstCaribbean International ended at $7 after closing with an exchange of 1,460 shares, GraceKennedy dropped 5 cents to $3.35 in trading 12,966 units. Guardian Holdings fell 20 cents and ended at $19, with 1,130 stocks crossing the market, JMMB Group ended at $1.41 with traders exchanging 6,088 stock units, Massy Holdings skidded 3 cents to close at $4.47 after a transfer of 22,970 shares.
National Enterprises ended at $3.55 after 18,605 stock units crossed the exchange, NCB Financial remained at $3 with a transfer of 29,661 units, Point Lisas ended at $3.50, with 224 stocks crossing the market. Prestige Holdings gained 65 cents in closing at $11.50 after an exchange of 130,122 shares, Republic Financial popped $2 and ended at $126 after 42,915 stocks passed through the market, Scotiabank rallied 15 cents to close at $72.75 with an exchange of 7,374 units. Trinidad & Tobago NGL ended at $12.50, with 16,015 stock units changing hands and Unilever Caribbean declined 5 cents and ended at $10.50 in an exchange of 7,690 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks edged out Trinidad Exchange winners
The volume of stocks trading on the Trinidad and Tobago Stock Exchange on Wednesday climbed by 25 percent but at a lower 27 percent lower value than on Tuesday, resulting in the trading of 16 securities compared with 18 on Tuesday and ended with prices of three stocks rising, five declining and eight remaining unchanged.
Investors exchanged 231,326 shares for $1,524,317 versus 184,792 stock units at $2,093,368 on Tuesday.
On Wednesday an average of 14,458 units were traded at $95,270 compared with 10,266 shares at $116,298 on Tuesday. Trading for the month to date averages 9,905 stock units at $126,555 compared with 9,095 stock units at $132,115 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index advanced 4.82 points and settled at 1,194.47, the All T&T Index gained 0.12 points to 1,811.71, the SME Index remained at 79.99 and the Cross-Listed Index rallied 1.38 points to close at 74.75.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Angostura Holdings ended at $20.51 as investors traded 689 stocks, Ansa McAl remained at $54 after a transfer of 580 units, First Citizens Group rose 1 cent to $49.26 after 1,633 shares were traded. FirstCaribbean International Bank ended at $7 in an exchange of 40 stocks, GraceKennedy remained at $3.40 with investors transferring 10,000 shares, Guardian Holdings fell 5 cents in closing at $19.20, with 1,630 stock units clearing the market. JMMB Group ended at $1.41 with investors dealing in 12,030 units, Massy Holdings closed at $4.50 with a transfer of 120,573 stocks, National Enterprises remained at $3.55 after an exchange of 32,195 units.
NCB Financial rallied 18 cents to close at $3 with shareholders swapping 8,400 stocks, One Caribbean Media skidded 10 cents to $3.50 in an exchange of 12,285 shares, Prestige Holdings lost 65 cents to end at $10.85 after trading of 3,111 stocks. Republic Financial climbed $2.58 to $124, with 3,506 shares changing hands, Scotiabank slipped 1 cent and ended at $72.60 after an exchange of 670 stocks, Trinidad Cement ended at $2.86, with 22,312 units crossing the market and Unilever Caribbean dipped 5 cents to $10.55 with an exchange of 1,672 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for Trinidad & Tobago Exchange
Rising and declining stocks shared outcomes on the Trinidad and Tobago Stock Exchange equally on Tuesday, following a 60 percent rise in the volume of stocks traded and a 290 percent jump in value compared with Friday, resulting in 21 securities trading compared with 18 on Friday, with prices of seven stocks rising, seven declining and seven remaining unchanged.
Investors exchanged 538,556 shares for $11,455,215 compared to 335,666 stock units at $2,934,595 on Friday.
An average of 25,646 units were traded at $545,486 compared to 18,648 shares at $163,033 on Friday, with trading month to date averaging 13,913 shares at $233,182 compared with 12,166 units at $186,668 previously traded. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index declined 4.65 points to end at 1,197.31, the All T&T Index skidded 15.43 points to 1,814.13, the SME Index remained unchanged at 79.99 and the Cross-Listed Index gained 0.96 points to 75.21.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s popped $1 to end at $68.50 as investors exchanged 85 stocks, Angostura Holdings gained $1.74 in closing at $22.25 after a transfer of 24,010 units, Ansa McAl rose $2.95 to $57 with 131,104 shares crossing the market. Ansa Merchant Bank ended at $43.50 after investors traded 7,100 stocks, Calypso Macro Investment Fund climbed 89 cents to to $23.50 with a transfer of 22 shares, Endeavour Holdings ended at $15, with an exchange of 33 units. First Citizens Group ended at $49.25 with shareholders swapping 7,910 stocks, FirstCaribbean International Bank remained at $7, with 700 stock units crossing the exchange, Guardian Holdings declined 45 cents to close at $18.65 with traders dealing in 28,748 shares. JMMB Group lost 6 cents and ended at a 52 weeks’ low of $1.35, with 17,960 stocks crossing the market, L.J. Williams B share increased 10 cents to $2.40 in an exchange of 1,200 units, Massy Holdings fell 6 cents to end at $4.43 with investors transferring 174,722 stock units.
National Enterprises remained at $3.55 after investors traded 4,000 shares, NCB Financial rallied 18 cents to close at $3.02 with 110,339 stocks clearing the market, Prestige Holdings skidded 5 cents to $11.45 in an exchange of 82 units. Republic Financial dropped $1.50 to a 52 weeks’ low of $124.50, with 7,600 stock units changing hands, Scotiabank shed 1 cent to end at $72.51 after investors exchanged 11,527 shares, Trinidad & Tobago NGL ended at $12.50 while exchanging 8,287 stock units. Trinidad Cement ended at $2.86 in trading 1,990 stocks, Unilever Caribbean advanced 49 cents to close at $11 with stakeholders exchanging 122 units and West Indian Tobacco dropped 41 cents to a 52 weeks’ low of $9.60 in switching ownership of 1,015 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More funds chased Trinidad stocks on Friday
Investors pumped more funds into the Trinidad and Tobago Stock Exchange on Friday but traded fewer shares than they did on Thursday. The volume of stocks traded declined 32 percent and the value jumped 74 percent above that on Thursday, resulting in the trading of 17 securities compared with 19 on Thursday, with eight stocks rising, seven declining and two remaining unchanged.
Investors exchanged 93,136 shares for $4,187,061 versus 136,107 stock units at $2,400,320 on Thursday.
An average of 5,479 units were traded at $246,298 compared to 7,164 shares at $126,333 on Thursday, with trading month to date averaging 9,645 shares at $149,498 compared with 11,461 units at $107,311 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index dropped 1.71 points to end at 1,190.94, the All T&T Index declined 2.91 points to settle at 1,813.08, the SME Index remained unchanged at 79.99 and the Cross-Listed Index slipped 0.06 points to close at 73.52.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings dipped $1 to close at $20.50 with an exchange of 80 stock units, Ansa McAl lost $2.95 in closing at $54.05, with 1,256 shares crossing the market, Ansa Merchant Bank fell 40 cents to $41.72 while exchanging 23 units.
First Citizens Group popped 10 cents to close trading at $49.35 with an exchange of 1,752 stocks, FirstCaribbean International Bank ended at $7 in the trading of 11,187 units, Guardian Holdings declined 19 cents to close at $19.80 with shareholders swapping 190 stocks. JMMB Group shed 1 cent to close at $1.41 as investors exchanged 11,050 shares, Massy Holdings advanced 14 cents and ended at $4.59 after 19,098 stock units passed through the market, National Enterprises rose 4 cents in closing at $3.55 after an exchange of 5,029 shares. NCB Financial remained at $2.84 with investors transferring three stock units, One Caribbean Media dropped 29 cents in closing at $3.60 in switching ownership of 2,598 stocks,
Prestige Holdings climbed 50 cents to $11, with 199 units clearing the market. Republic Financial increased $1 and ended at $120 in an exchange of 30,355 stocks, Scotiabank slipped 5 cents to close at $72.60 with investors dealing in 817 units, Trinidad & Tobago NGL gained $1.45 to end at $13.95 after 5,564 shares crossed the exchange. Unilever Caribbean rallied 86 cents to $11.48 after a transfer of 2,111 stock units and West Indian Tobacco increased 29 cents to close at $10.30, with stakeholders exchanging 1,824 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Price movements in the market resulted in two new ICTOP10 listings for the Junior Market and one for the Main Market. In the Junior Market, Dolphin Cove rose 6 percent to $16.50 and AMG Packaging rose 4 percent to $2.44 after trading at a 52 weeks’ low of $1.95 during the week. Paramount Trading dropped 12 percent to $1.48, followed by Everything Fresh shedding 11 percent to $1.56, Iron Rock Insurance fell 9 percent to $2 and Caribbean Assurance Brokers declined 8 percent to end at $2.85.
Importantly selling in the stock has been drastically reduced with just 19 offers up to $15.90 amounting to less than 200,000 shares and 19 bids above $4, with the highest bid amounting to more than the total stocks being offered. Earnings per share for Lasco Financial were reduced to 15 cents for the year and holds the 31st spot on the list.
The PE of the Junior Market TOP10 sits at 5.7, just over half of the market, with an average of 11.9. There are 11 stocks, or 23 percent of the market, with PEs from 15 to 48, averaging 21 that are well above the market’s average. The top half of the market has an average PE of 17, possibly the lowest fair value for Junior Market stocks currently, with the market projected to rise by 260 percent on or around May 2024.
Price movements in the market resulted in one new TOP10 listing for the Junior Market and one for the Main Market. Everything Fresh rose 9 percent to $1.75, followed by Caribbean Assurance Brokers, gaining 7 percent to end at $3.10, while the losers include Elite Diagnostic and One on One, down 5 percent to $1.79 and $1.01 respectively, followed by a 4 percent decline in Dolphin Cove to $15.50.
Returning to the Main Market TOP 10 is Caribbean Cement replacing Guardian Holdings, with the nine months’ results indicating lower earnings this year based on the new accounting policy.
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.