Rising stocks outperformed those declining at the end of trading on the Trinidad and Tobago Stock Exchange on Thursday, following a 75 percent decline in the volume of stocks traded, with a slightly higher value than on Wednesday and resulting in the trading of 19 securities compared with 22 on Wednesday, with prices of seven stocks rising, three declining and nine remaining unchanged.
Investors exchanged 338,683 shares for $7,254,285 versus 1,376,937 stock units at $6,891,500 on Wednesday.
An average of 17,825 shares were traded at $381,804 compared with 62,588 shares at $313,250 on Wednesday, with trading month to date averaging 18,397 shares at $272,509 versus 18,434 units at $265,421 on the previous day. The average trade for March ended with 23,611 shares at $241,669.
The Composite Index rose 11.89 points to 1,313.11, the All T&T Index rallied 4.67 points to conclude trading at 1,969.88, the SME Index remained unchanged at 61.51 and the Cross-Listed Index rallied 2.75 points to 85.42.
Investor’s Choice bid-offerindicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s remained at $64 in switching ownership of 4,500 shares, First Citizens Group rose 1 cent to close at $50.01 in an exchange of 6,547 stocks, FirstCaribbean International Bank fell 2 cents in closing at $7.22 with investors transferring 349 stock units, GraceKennedy rallied 15 cents to $4.20 after exchanging 6,900 units, Guardian Holdings ended at $25.05, with 203,925 units changing hands, JMMB Group dropped 3 cents in closing at $1.51 with 18,316 shares clearing the market, L.J. Williams B share increased 30 cents to $2.70 with the swapping of 918 stock units, Massy Holdings remained at $4.70 in trading 11,048 stocks, National Enterprises ended at $3.73 after a transfer of 5,050 stocks, National Flour Mills closed at $1.45 with an exchange of 48 stock units, 
NCB Financial climbed 34 cents to $3.88, with 310 units crossing the market, One Caribbean Media remained at $3.70 with an exchange of 1,085 shares, Point Lisas finished trading at $4.30 with investors swapping 1,429 shares, Prestige Holdings closed trading of 310 stocks at $8, Republic Financial finished market activity at $135.50 after an exchange of 789 stock units, Scotiabank fell 49 cents to $77 with a transfer of 558 units, Trinidad & Tobago NGL gained 24 cents to end at $19 as investors exchanged 15,824 stock units, Unilever Caribbean popped 1 cent after ending at $15.60, with 58,938 units crossing the market and West Indian Tobacco rose 1 cent to end at $16.50 after an exchange of 1,839 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks push Trinidad Exchange higher
Trading surges on the Trinidad Exchange
Trading on the Trinidad and Tobago Stock Exchange on Wednesday ended, with the volume of stocks traded surging 497 percent with the value 102 percent more than on Tuesday resulting in 22 securities trading compared with 18 on Tuesday, with seven stocks rising, four declining and 11 remaining unchanged.
Investors traded 1,376,937 shares for $6,891,500 compared to 230,503 units at $3,407,511 on Tuesday.
An average of 62,588 shares were traded for $313,250 compared with 12,806 units at $189,306 on Tuesday, with trading month to date averaging 18,434 shares at $265,421 versus 14,850 units at $261,541 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index gained 1.26 points to close at 1,301.22, the All T&T Index popped 1.99 points to finish at 1,965.21, the SME Index remained at 61.51 and the Cross-Listed Index popped 0.07 points to settle at 82.67.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling price and one with a lower offer.
At the close, Agostini’s ended at $64, with 50 shares crossing the market, Ansa McAl rallied $2 to close at $53 after 37 units crossed the market, 
Ansa Merchant Bank declined $1.17 to end at $42.36, with 50 stocks passing through the market. Calypso Macro Investment Fund popped 24 cents to $21 as investors exchanged 6 stocks, First Citizens Group remained at $50 with 7,215 units clearing the market, FirstCaribbean International Bank slipped 1 cent to $7.24 closed with investors trading 15 shares. GraceKennedy fell 5 cents to close at $4.05 while exchanging 25,314 stocks, Guardian Holdings ended at $25.05, with 7,173 stock units changing hands, Guardian Media advanced 10 cents to end at $2.30 with investors trading 25 units. JMMB Group increased 4 cents to $1.54 after switching ownership of 103,500 stocks, L.J. Williams B share remained at $2.40 in trading 200 stock units, Massy Holdings gained 5 cents to close at $4.70, with 1,183,762 shares crossing the exchange. National Enterprises ended at $3.73 in an exchange of 1,903 stocks, 
National Flour Mills rose 2 cents in closing at $1.45 with the swapping of 892 stock units, One Caribbean Media ended at $3.70 with an exchange of 4 shares. Prestige Holdings closed at $8 in an exchange of 102 units, Republic Financial ended at $135.50 after a transfer of 249 stocks, Scotiabank ended at $77.49 with investors transferring 16 units. Trinidad & Tobago NGL climbed 6 cents to $18.76 after an exchange of 17,153 stock units, Trinidad Cement remained at $3.50 with an exchange of 20,166 shares, Unilever Caribbean ended at $15.59 with a transfer of 8,814 shares and West Indian Tobacco dipped 1 cent to end at $16.49, with 291 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Trinidad stocks
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded jumping 194 percent with a 270 percent greater value than on Monday resulting in 18 securities trading compared with 17 on Monday, with three stocks rising, three declining and 12 remaining unchanged.
Investors traded 230,503 shares for $3,407,511 compared to 78,482 stocks at $922,127 on Monday.
An average of 12,806 shares were traded at $189,306 compared with 4,617 shares at $54,243 on Monday, with trading month to date averaging 14,850 shares at $261,541 versus 14,995 units at $266,681 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index popped 3.05 points to 1,299.96, the All T&T Index advanced 2.33 points to 1,963.22, the SME Index remained at 61.51 and the Cross-Listed Index rose 0.53 points to end at 82.60.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s remained at $64 as investors traded 4,696 shares, Angostura Holdings fell 5 cents to $23.95 in exchanging 20 stock units, Ansa Merchant Bank ended trading of 168 stocks at $43.53, First Citizens Group gained 50 cents after ending at $50 in an exchange of 7,901 units, GraceKennedy closed market activity at $4.10 with an exchange of 19,000 shares, Guardian Holdings ended at $25.05, with 5,000 stock units changing hands, JMMB Group climbed 14 cents to close at $1.50, with 15,874 shares clearing the market, Massy Holdings remained at $4.65 in an exchange of 4,324 units, National Enterprises dipped 1 cent to end at $3.73 with a transfer of 66,723 stocks, National Flour Mills remained at $1.43 with 175 units cross tinghe exchange, One Caribbean Media closed unchanged at $3.70 after exchanging 5 stock units, Prestige Holdings remained at $8 in trading 697 shares, 
Republic Financial ended at $135.50 as investors exchanged 1,281 shares, Scotiabank advanced 9 cents to $77.49 while 6,260 stocks passed through the market, Trinidad & Tobago NGL shed 6 cents in closing at $18.70, with 1,420 units crossing the market, Trinidad Cement ended at $3.50 as 80 stock units changed hands, Unilever Caribbean remained at $15.59 after investors traded 78,871 stock units and West Indian Tobacco had a switch in ownership of 18,008 units at $16.50.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly fall in Trinidad
Trading ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 80 percent with the value 88 percent lower than on Friday resulting in 17 securities trading with similar numbers on Friday, with two stocks rising, five declining and 10 remaining unchanged.
Investors exchanged 78,482 shares for $922,127 compared with 390,039 stock units at $7,504,179 on Friday.
An average of 4,617 units were traded at $54,243 compared to 22,943 shares at $441,422 on Friday, with trading month to date averaging 14,995 shares at $266,681 versus 15,743 units at $281,984 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index declined 7.69 points to 1,296.91, the All T&T Index dropped 6.79 points to conclude trading at 1,960.89, the SME Index remained unchanged at 61.51 and the Cross-Listed Index declined 1.21 points to close at 82.07.
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, Agostini’s popped $2 to close at $64, with 77 shares crossing the market, Calypso Macro Investment Fund ended at $20.76 after just 3 stock units crossed the market, First Citizens Group remained at $49.50 with an exchange of 3,332 units. GraceKennedy lost 10 cents after ending at $4.10 with 1,827 stocks changing hands, Guardian Holdings remained at $25.05 with an exchange of 8,183 shares, JMMB Group dropped 19 cents to end at $1.36 in switching ownership of 25,221 stock units. Massy Holdings closed trading at $4.65 after a transfer of 13,017 units, National Enterprises ended at $3.74, with 2,500 stocks changing hands, National Flour Mills remained at $1.43 after 185 stock units passed through the market. NCB Financial remained at $3.54 after trading 1,070 stocks,
One Caribbean Media ended at $3.70 with investors transferring 36 shares, Prestige Holdings declined 50 cents to $8 with a transfer of 220 units. Republic Financial remained at $135.50 as investors exchanged 238 shares, Scotiabank dipped 58 cents to $77.40 after an exchange of 424 stocks, Trinidad & Tobago NGL closed trading of 5,279 units at $18.76, Unilever Caribbean shed 1 cent after ending at $15.59, with 6,730 stock units clearing the market and West Indian Tobacco gained 50 cents to end at $16.50 after investors traded 10,140 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Honey Bun rises 8% to exit ICTOP10
The Junior Market of the Jamaica Stock Exchange recorded solid gains during the past week as the Main Market declined, resulting in three solid gains for the ICTOP10 Junior Market stocks and just one notable move in the performance of the ICTOP10 Main Market as General Accident added 18 percent to its value to be the best performing stock for the week.
General Accident selling supply of stocks is down sharply.
The Junior Market had one change in the TOP10 as Honey Bun moved out for a second time in weeks with a rise of 8 percent, allowing Dolla Financial to come in at number 10. Dolla is likely to enjoy a doubling in profit for the current year, having expanded the loan portfolio dramatically since taking on the billion dollar loan. Investors in the stock can look forward to healthy gains in the stock price during the year.
Main Event, one of the previous week’s top performers that exited the Top 10 with a 6 percent gain to close at $12.95, keeps on rolling on and climbed another 13.5 percent this week to $14.70, up 63.5 percent for the year to date as investors continue to applaud the company’s performance by buying up the stocks as they see more profits to come this year, with the economy fully opened up for entertainment.
The other major price movements during the week were a 9 percent rise for Lasco Distributors, that ended at $2.36 and Honey Bun, up 8 percent to $6.57. There are only two stocks with losses of two percent or less.
In the Main Market, only three stocks recorded declines, but Berger Paints was the only stock with a meaningful move, gaining 8 percent to $8.30.
Interest rates on Bank of Jamaica CDs dipped again at this past week’s auction that, which saw the average rate slipping to 8.21 percent from 8.41 percent at the previous week’s auction. Over the past five months, inflation has been running at less than one percent per annum, which has set the stage for BOJ to act quickly to slash interest rates, a positive development for the market.
The Junior Market’s long history of rising around a month before the release of quarterly results and declining shortly after results are released seems to be starting with a rise of 108 points in the market index this past week, with the supply of some stocks falling sharply.
Honey Bun’s fall from the TOP10 Junior Market list is not the end of the road for this outstanding performer with increased investors’ interest with an expected jump in revenues and profits for the first quarter with the Easter coming at the beginning of April versus the 17th of April last year as well as improvement of gross profit margin that slipped previous year. ICInsider.com expects the price to increase by up to 200 percent this year.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5, well below the market average of 13.7, while the Junior Market Top 10 PE sits at 5.9 compared with the market at 11.6. The differences are important indicators of the level of likely gains for ICTOP10 stocks. The Junior Market is projected to rise by 246 percent and the Main Market TOP10 by an average of 273 percent, by May 2024, based on 2023 forecasted earnings.
The Junior Market has 13 stocks representing 27 percent of the market, with PEs from 15 to 27, averaging 19, well above the market’s average. The top half of the market has an average PE of 16, suggesting this may be the current lowest fair value for Junior Market stocks.
The 16 highest valued Main Market stocks are priced at a PE of 15 to 114, with an average of 31 and 21 excluding the highest PE stocks and 20 for the top half excluding the stocks with the highest valuation.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but not always. 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 up to the end of May 2023 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.
Gains for Trinidad Exchange to close out week
Trading attracted more money on Friday but resulted in slightly less shares being exchanged on the Trinidad and Tobago Stock Exchange, with the value of share trading jumped 68 percent over Thursday and resulted in 17 securities trading similar to Thursday, with just three stocks rising, eight declining and six remaining unchanged.
Investors exchanged 390,039 shares for $7,504,179 versus 396,877 stock units at $4,457,416 on Thursday. An average of 22,943 units were traded at $441,422 compared to 23,346 shares at $262,201 on Thursday, with trading month to date averaging 15,743 shares at $281,984 versus 15,184 units at $269,608 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index climbed 2.27 points to 1,304.60, the All T&T Index increased 7.73 points to end at 1,967.68, the SME Index remained unchanged at 61.51 and the Cross-Listed Index fell 0.50 points to close at 83.28.
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 advanced $2 to close at a 52 weeks’ high of $62 with an exchange of 300 shares, Ansa McAl remained at $51 with 40,640 units being traded, Calypso Macro Investment Fund lost 2 cents in closing at $20.76, with 400 stocks clearing the market, First Citizens Group dipped 24 cents to end at $49.50 after exchanging 3,283 stock units. GraceKennedy shed 19 cents to end at $4.20 with a transfer of 101,115 units, Guardian Holdings ended at $25.05 and closed with an exchange of 1,050 shares, Guardian Media remained at $2.20 while exchanging 500 stocks, L.J. Williams B share fell 10 cents to $2.40 in trading 10,000 stock units. Massy Holdings increased 9 cents in closing at $4.65 with the swapping of 18,274 stock units, National Enterprises dropped 1 cent after ending at $3.74 as investors exchanged 159,855 units, 
NCB Financial closed at $3.54, with 5,699 shares crossing the market, investors in Prestige Holdings exchanged 250 stocks at $8.50, Republic Financial climbed 50 cents to $135.50 after an exchange of 26,278 stocks. Scotiabank dipped 2 cents to close at $77.98 as 1,361 shares passed through the market, Trinidad & Tobago NGL declined 24 cents after ending at $18.76, with 5,905 units crossing the market, Unilever Caribbean remained at $15.60 in an exchange of 4,644 stock units and West Indian Tobacco shed 50 cents to close at $16 with investors transferring 10,485 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on Trinidad Exchange
Trading ended following a 590 percent jump in the volume of stocks changing hands with a 366 percent higher value than on Wednesday at the close of the Trinidad and Tobago Stock Exchange on Thursday, resulting in 17 securities trading compared with 16 on Wednesday, with rising and declining stocks ending with six each, while five remained unchanged.
Investors exchanged 396,877 shares for $4,457,416 versus 57,511 stock units at $956,358 on Wednesday. An average of 23,346 units were traded at $262,201 compared with 3,594 shares at $59,772 on Wednesday. Trading month to date averaged 15,184 shares at $269,608 versus 14,497 units at $270,227 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index fell 3.30 points to 1,302.33, the All T&T Index lost 4.39 points to close at 1,959.95, the SME Index remained unchanged at 61.51 and the Cross-Listed Index dipped 0.30 points to 83.78.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $60 with 2,000 shares changing hands, Angostura Holdings fell 40 cents in closing at $24 after a transfer of 1,349 units, Ansa McAl closed at $51 with an exchange of 193 stocks. Calypso Macro Investment Fund remained at $20.78 after trading 162 stock units, First Citizens Group declined 26 cents to $49.74, with 2,075 stock units changing hands, FirstCaribbean International Bank rallied 10 cents to $7.25 in switching ownership of 19,489 units. Guardian Holdings slipped 1 cent to close at $25.05 after 700 stocks crossed the exchange, Guardian Media closed market activity at $2.20 after an exchange of 1,610 shares, JMMB Group climbed 5 cents after to $1.55 with investors swapping of 26,160 stocks. Massy Holdings dipped 4 cents to end at $4.56 with an exchange of 3,100 units, National Enterprises rose 2 cents to $3.75 while exchanging 200,000 stock units, 
National Flour Mills advanced 2 cents to close at $1.43, with 1,650 shares crossing the market. One Caribbean Media dipped 12 cents in closing at $3.70 after 28,600 stocks changed hands, Republic Financial shed 53 cents to end at $135 after exchanging 4,812 stock units, Scotiabank popped 1 cent to $78 after 12,823 units passed through the market. Trinidad & Tobago NGL rose 50 cents to $19 in an exchange of 5,544 shares and Unilever Caribbean remained at $15.60 with investors transferring 86,610 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume climbs on the Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 16 percent with the value 50 percent lower than on Monday, resulting in the trading of 17 securities compared with 18 on Monday, with prices of eight stocks rising, three declining and six remaining unchanged.
Investors exchanged 207,079 shares for $3,982,659 compared to 178,436 stock units at $7,904,600 on Monday. An average of 12,181 shares were traded at $234,274 compared to 9,913 units at $439,144 on Monday, with trading month to date averaging 15,435 shares at $288,331 down from 15,762 units at $293,770 on the previous day. The average trade for March ended at 23,611 shares at $241,669.
The Composite Index rallied 2.57 points to end at 1,308.70, the All T&T Index popped 4.58 points to finish at 1,966.41, the SME Index remained at 61.51 and the Cross-Listed Index gained 0.06 points to close at 84.66.
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 ending at $60 after an exchange of 500 shares, Ansa McAl remained at $51 with investors transferring 2,528 stocks, Ansa Merchant Bank jumped $1.22 to $43.53 after a transfer of 16 units, First Citizens Group rallied $3.20 to $49.20, with 2,743 stocks crossing the market, FirstCaribbean International Bank shed 15 cents in closing at $7.15 after 18,408 stocks were traded, Guardian Holdings advanced 1 cent after ending at $25.06 with a transfer of 100,000 stock units, JMMB Group rose 4 cents to $1.64 after exchanging 1,060 units, L.J. Williams B share remained at $2.50, with 319 shares changing hands, Massy Holdings increased 3 cents to close at $4.57 in an exchange of 42,777 stock units, National Enterprises gained 1 cent to end at $3.74 with the swapping of 19,110 shares, 
National Flour Mills ended at $1.40 as investors traded 50 stocks, Prestige Holdings lost 9 cents to close at $8.40 in switching ownership of 289 units, Republic Financial dipped $1.47 to $135.52 after 2,908 units passed through the market, Scotiabank remained at $77.99 after investors traded 1,568 stock units, Trinidad & Tobago NGL closed at $19 as investors swapped 5,363 stocks, Unilever Caribbean climbed 5 cents in closing at $15.55 after 1,267 shares changed hands and West Indian Tobacco gained 25 cents to close at $16.50 with 8,173 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Honey Bun in ICTOP10 as Purity jumps 24%
The Main Market of the Jamaica Stock Exchange recorded solid gains during the past week as the Junior Market declined but that did not show up in the ICTOP10 stocks performance as Junior Market stocks ended with gains and losses with the average gains outdoing declines while the Main Market ended with modest price changes in a week when Consolidated Bakeries (Purity) was the star performer with a 24 percent rise to $2.50.
Consolidated Bakeries
The Junior Market had one change in the TOP10 as Main Event rose 6 percent to $12.95 and moved out of the TOP10, allowing Honey Bun to return after falling out the previous week.
Other major price movements in this past week were a 4 percent rise for Everything Fresh to $1.46, a 17 percent fall to $2.15 for Lasco Distributors and 4 percent decline for Image Plus to $1.95. Trading in Image Plus never resulted in more gains during the week following the previous week’s healthy move as selling continued at the same pace as the week before while buyers seem to have pulled back.
In the Main Market, Key Insurance rose 5 percent to $3.65, while Sygnus Credit Investments fell 5 percent to $11.40 as Guardian Holdings, Berger Paints and JMMB Group declined by 4 percent to $475, $7.70 and $30.31 respectively.
Interest rates on Bank of Jamaica CDs dipped again at this past week’s auction with the average rate slipping to 8.41 percent from 8.49 percent, at the previous week’s auction, with BOJ quarantining $104 billion. At the same time the foreign exchange market enjoyed buoyant flows with more funds entering the market each day than the amount dealers sold.
Another fact worth noting is that the Junior Market has a long history, with the market starting to rise around a month before the release of quarterly results and declining shortly after results are released.
Honey Bun’s return to the TOP10 Junior Market list this past week should enjoy increased investors’ interest with an expected jump in revenues and profits for the first quarter with the Easter coming at the beginning of April versus the 17th of April last year as well as improvement of gross profit margin that slipped last year.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5 well below the market average of 13.5, while the Junior Market Top 10 PE sits at 5.7 compared with the market at 11.2. The differences are important indicators of the level of likely gains for ICTOP10 stocks. The Junior Market is projected to rise by 255 percent and the Main Market TOP10 an average of 276 percent, to May 2024, based on 2023 forecasted earnings.
The Junior Market has 11 stocks representing 23 percent of the market, with PEs from 15 to 28, averaging 20, well above the average of the market. The top half of the market has an average PE of 16, suggesting that this may be a logical value for junior market stocks currently.
The 16 Main Market stocks with the highest value are priced at a PE of 15 to 115, with an average of 31 and 20 excluding the highest PE stocks and 20 for the top half excluding the stocks with the highest valuation.
The above average shows the extent of potential gains for the TOP 10 stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 are likely to deliver the best returns up to the end of May 2023 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 and result 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.
Gains for Trinidad & Tobago Stock Exchange
Trading fell on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 12 percent with the value 34 percent lower than on Thursday resulting in the trading of 18 securities compared with 17 on Thursday, with five stocks rising, six declining and seven remaining unchanged and led the market rise at the close.
Investors exchanged 271,697 shares for $1,777,480, down from 310,206 units at $2,673,557 on Thursday.
An average of 15,094 shares were traded at $98,749 down from 18,247 stocks at $157,268 on Thursday, with trading for the month to date averaging 16,460 shares at $276,444 versus 16,645 units at $300,499 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index gained 4.19 points to close at 1,307.94, the All T&T Index rallied 8.90 points to 1,963.73, the SME Index remained at 61.16 and the Cross-Listed Index dipped 0.12 points to 84.84.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings ended at $24.40 in switching ownership of 50 shares, Ansa McAl rose 2 cents to $51.02 after an exchange of 912 units, Calypso Macro Investment Fund climbed 2 cents to $20.78 after 11 stock units passed through the market, First Citizens Group fell 5 cents to $49.95 and closed with an exchange of 2,625 stocks. FirstCaribbean International Bank remained at $7.35 with the swapping of 10,515 stock units, Guardian Holdings closed at $25.05, with 9,463 stocks crossing the exchange, JMMB Group dipped 5 cents to close at a 52 weeks’ low of $1.60 while exchanging 4,367 shares, L.J. Williams B share dropped 25 cents to $2.50 after 4,581 units crossed the market. Massy Holdings ended at $4.55, with 114,795 stock units changing hands, National Enterprises gained 14 cents in closing at $3.74 after 99,912 stocks passed through the market, 
Point Lisas traded of 230 shares at $3.84, Prestige Holdings gained 99 cents to $8.49 in exchange of 178 units. Republic Financial shed 1 cent in closing at $137.98 with a transfer of 799 stocks, Scotiabank rallied 5 cents after ending at $77.95 as investors exchanged 200 shares, Trinidad & Tobago NGL remained at $19 after an exchange of 5,213 stock units, Trinidad Cement price held at $3.50 with an exchange of 11,321 units, Unilever Caribbean declined 5 cents to end at $15.55 after a transfer of 103 stocks and West Indian Tobacco lost 25 cents in ending at $16.25 with investors transferring 6,422 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.