Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded just slipping with the value plunging 51 percent lower than on Wednesday, resulting from trading in 17 securities compared with 20 on Wednesday, with five stocks rising, six declining and six remaining unchanged.
The Composite Index shed 5.43 points to end at 1,303.75, the All T&T Index dropped 18.98 points to 1,954.83, the SME Index remained at 61.16 and the Cross-Listed Index rose 1.27 points to 84.96.
Investors exchanged 310,206 shares for $2,673,557, down from 314,184 units at $5,456,853 on Wednesday.
An average of 18,247 units were traded at $157,268 compared with 15,729 shares at $272,843 on Wednesday, with trading month to date averaging 16,640 shares at $300,499 versus 16,404 units at $321,486 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Ansa McAl advanced 19 cents after ending at $51 with investors transferring 500 shares, Ansa Merchant Bank after ending at $42.31 with an exchange of 1,140 stock units, Calypso Macro Investment Fund declined 2 cents in closing at $20.76, with 200 stocks crossing the market, First Citizens Group remained at $50 after an exchange of 1,373 units, FirstCaribbean International Bank gained 5 cents to $7.35 as 5,000 shares changed hands, GraceKennedy rose 34 cents to close at $4.40 in an exchange of 100 stocks, Guardian Holdings dropped 94 cents to $25.05 while trading 9,882 units, Guardian Media shed 5 cents to $2.20, with 4,000 stock units clearing the market, Massy Holdings fell 9 cents to $4.55 after an exchange of 23,485 stock units, National Enterprises increased 1 cent to $3.60 with an exchange of 159,106 stocks, 
National Flour Mills remained at $1.40 in trading 315 shares, One Caribbean Media ended at $3.82 after 25,000 units crossed the market, Prestige Holdings rallied 10 cents to $7.50 with the swapping of 30,014 stocks, Republic Financial dipped 1 cent to $137.99 in switching ownership of 824 stock units, Scotiabank remained at $77.90 as 5,270 shares passed through the market, Trinidad & Tobago NGL close at $19, with investors trading 11,313 units and Unilever Caribbean lost 5 cents in closing at $15.60 with a transfer of 32,684 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Stock Exchange falls
Trinidad Exchange rises on increased trades
Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 60 percent with the value 170 percent more than on Tuesday resulting in 20 securities trading compared with 14 on Tuesday, with five stocks rising, seven declining and eight remaining unchanged.
Investors exchanged 314,584 shares for $5,456,853 compared to 197,521 stock units at $2,019,039 on Tuesday.
An average of 15,729 shares were traded at $272,843 compared with 14,109 stock units at $144,217 on Tuesday, with trading month to date averaging 16,404 shares at $321,489 compared with 16,545 units at $331,626 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index rallied 6.34 points to 1,309.18, the All T&T Index climbed 12.27 points to 1,973.81, the SME Index and the Cross-Listed Index remained at 61.16 and 83.69, respectively.
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, Angostura Holdings rallied 35 cents to $24.40 with 200 stock units clearing the market, Ansa Merchant Bank lost $1.69 in closing at $42.31 after exchanging 6,812 stocks, Calypso Macro Investment Fund remained at $20.78, with 927 units crossing the market, First Citizens Group ended at $50 with investors transferring 63,890 stocks. 
FirstCaribbean International Bank remained at $7.30 after a transfer of 5,861 stock units, GraceKennedy popped 6 cents to $4.06 with investors exchanging 20,449 units, Guardian Holdings increased 94 cents to close at $25.99 after an exchange of 112 shares, Guardian Media shed 5 cents to end at $2.25 in an exchange of two shares, JMMB Group closed at $1.65 in trading 195 stocks, Massy Holdings dipped 1 cent to close at $4.64, with 109,948 stocks passing through the market, National Enterprises at $3.59, with 44,870 units changing hands, 
National Flour Mills rose 10 cents to $1.40 while exchanging 6,000 shares, One Caribbean Media ended at $3.82 after investors traded 22,250 stocks, Prestige Holdings fell 9 cents in closing at $7.40 with an exchange of 400 units, Republic Financial remained at $138, with 4,676 stock units crossing the market, Scotiabank rose 5 cents to $77.90 in switching ownership of 10 units, Trinidad & Tobago NGL fell 1 cent to $19, with 4,911 stocks being exchanged, Trinidad Cement declined 1 cent in closing at $3.50 in an exchange of 4,500 shares, Unilever Caribbean dipped 5 cents to close at $15.65 after an exchange of 12,423 stock units and investors in West Indian Tobacco swapped 6,148 shares at $16.50.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Nice gains for ICTOP10 stocks, Purity returns
The Main and Junior Markets did not maintain the sharp bounce of the previous week, but most ICTOP10 Junior Market stocks ended with gains. In contrast, the Main Market ended with mostly modest losses, with 138 Student Living rising 5 percent to $5.30 and JMMB Group declining by 5 percent to $31.49, all other changes in the Main Market were two percent or less.
Dr Karlene McDonnough – Chairman of Image Consultants Ltd. The stock came in for increased demand during the week ahead of the release of full-year results.
The Junior Market had one change in its TOP10 list as Iron Rock Insurance and Image Plus climbed 13 percent to $2.27 and $2.03, respectively, while Main Event and Honey Bun rose 5 percent to $12.26 and $6.75, respectively, with the only sizable decline being a 9 percent fall for Tropical Battery to $1.90.
Image Plus never benefitted from any serious IPO bounce seems to be finally finding buying interest and closed the past week with 159,904 shares on the bid at $2.02, 160,746 at $2 and just over 800,000 between $1.90 and $1.95, with 25,987 stocks on offer at $2.03, 81,709 at $2.05 with one big offer of 1.72 million units at S2.50 with smaller offers before the this. There has been healthy trading in the stock recently, with trading of 824,526 units on Thursday. Trading on Wednesday saw 1,153,255 shares changing hands in the stock, with 910,000 units on Tuesday and 1.75 million shares on Monday, which seems to have cleared out a great deal of overhang in the market.
Update on interest rate developments. A number of developments taking place in the economy are worth watching. Following last week’s $35 billion Bank of Jamaica CD auction that saw the average rate coming in at 8.49 percent, this week’s auction saw an offer of $34 billion, with the average rate remaining the same as the previous week with fewer funds chasing the offered amount. 
Another positive development is the average inflation rate running at 45 percent less than the same time last year and averaging 2.4 percent per annum since November last year. Foreign exchange inflows have been strong, with the NIR growing at $66 million in February and 220 million in March, putting it at a record end of month level as initial data suggest that tourism arrivals and foreign exchange generated by that industry exceed the similar period in 2019, the last year without the impact of covid-19 negatively affecting the sector. On top of those positive developments, corporate profits are expected to enjoy a good bounce for the majority of companies for the first quarter.
The Junior Market has a long term pattern, with the market starting to rise around a month before quarterly results are due and declining shortly after results are released. This is a pattern worth noting that can be built into investment decisions to improve returns.
Consolidated Bakeries Miss Birdie Easter bun. The stock is back in the ICTOP10
Dropping from the TOP10 Junior Market list this past week was Honey Bun, but investors should expect a big 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 an improvement of gross profit margin that slipped up last year.
Returning to the TOP10 is Consolidated Bakeries in the number 3 spot. The company is projected to report a solid first quarter profit, with the Easter holidays coming at the start of April compared with April 17 last year and ensuring that mostly all Easter bun sales will be reported in the March quarter unlike 2022. The company reported a profit in 2022 a big improvement over a loss in the previous three years. ICInsider.com projects earnings of 40 cents for 2023 and 75 cents for 2024 with the company benefitting from a full recovery of the local economy and increase efficiency and reduction in borrowings. At the end of the week, the average PE for the JSE
Main Market TOP 10 is 5.6, well below the market average of 13.5, while the Junior Market Top 10 PE sits at 5.7 compared with the market at 11.1. The differences are important indicators of the likely gains for ICTOP10 stocks. The Junior Market is projected to rise by 256 percent and the Main Market TOP10, an average of 271 percent, to May 2024, based on 2023 forecasted earnings.
The Junior Market has 10 stocks representing 21 percent of the market, with PEs from 15 to 29, averaging 19, well above the market’s average. The top half of the market has an average PE of 15, suggesting this may be a logical value for junior market stocks.
The 16 stocks with the highest value in the Main Market stocks are priced at a PE of 15 to 115, with an average of 30 and 19 excluding the highest PE stocks and 19 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 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.
Trading jumps on Trinidad Stock Exchange
The value of stocks trading surged 702 percent more than on Wednesday on the Trinidad and Tobago Stock Exchange, ahead of the long break for the Easter holidays, with the volume traded rising 310 percent, resulting in the trading of 22 securities compared with 18 on Wednesday, with seven stocks rising, 11 declining and four remaining unchanged.
Investors exchanged 379,106 shares for $17,979,303 versus 92,529 stock units at $2,243,065 on Wednesday. An average of 17,232 shares were traded at $817,241 compared with 5,141 stock units at $124,615 on Wednesday, with trading month to date averaging 16,961 shares at $363,624, up from 16,862 units at $197,302 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index declined 4.87 points to 1,304.96, the All T&T Index shed 2.48 points to end at 1,966.84, the SME Index advanced 0.10 points to finish at 61.16 and the Cross-Listed Index fell 1.04 points to 83.51.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings climbed 36 cents to $24.41 in switching ownership of 1,250 shares, Ansa McAl advanced 1 cent in closing at $50.81 with a transfer of 300 units, Calypso Macro Investment Fund increased 1 cent to $20.78 after closing with an exchange of 501 stock units. Endeavour Holdings rose 2 cents to end at $11.02 with the swapping of 380 stocks, First Citizens Group dipped 1 cent to $50 after exchanging 2,114 shares, FirstCaribbean International Bank rallied 1 cent to $7.25 with investors transferring 32 stocks, GraceKennedy declined 45 cents to close at $4 in an exchange of 30,613 stock units. Guardian Holdings remained at $25.05 while swapping 1,684 units, JMMB Group lost 4 cents to end at a 52 weeks’ low of $1.65 as investors traded 26,147 shares, Massy Holdings ended at $4.56 after an exchange of 126,278 stocks, National Enterprises dipped 1 cent in closing at $3.59, with 1,982 units crossing the exchange. National Flour Mills shed 10 cents to end at $1.30 as 525 stock units passed through the market, 
NCB Financial popped 4 cents to $3.55 after 2,000 stocks passed through the market, One Caribbean Media fell 1 cent to $3.82, with 6,350 units changing hands, Point Lisas gained 4 cents after ending at a 52 weeks’ high of $3.84 in trading 358 shares. Prestige Holdings finished at $7.49 after a transfer of 1,769 stock units, Republic Financial ended trading at $138, with 116,528 units crossing the market, Scotiabank dipped 10 cents to $77.75 with 1,533 shares passing through the market, Trinidad & Tobago NGL shed 2 cents after ending at $19.98 with an exchange of 1,352 stock units. Trinidad Cement lost 2 cents to close at $3.51 in an exchange of 13,030 stocks, Unilever Caribbean dipped 4 cents in closing at $15.75 trading 43,890 stocks and West Indian Tobacco declined 50 cents to close at a 52 weeks’ low of $16 closed at 490 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad Exchange
Trading activity dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded falling 84 percent and the value sliding 65 percent compared to Tuesday, resulting in the trading of 18 securities compared with 22 on Tuesday, with prices of five stocks rising, two declining and 11 remaining unchanged.
Investors exchanged 92,529 shares for $2,243,065 down from 572,971 stock units at $6,448,918 on Tuesday. An average of 5,141 units were traded at $124.615 compared with 26,044 shares at $293,133 on Tuesday, with trading month to date averaging 16,862 valued at $197,293 compared with 21,885 shares at $228,451 on the previous day compared to the average trade for March of 23,611 shares at $241,670.
The Composite Index dipped 0.01 points to 1,309.83, the All T&T Index slipped 0.02 points to 1,969.32, the SME Index closed at 61.06 and the Cross-Listed Index at 84.55.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Citizens Group closed at $50.01, with 2,599 shares changing hands, FirstCaribbean International Bank traded 275 shares at $7.24, Guardian Holdings close at $25.05 with the swapping of 500 stock units, Guardian Media ended at $2.30 as investors exchanged 100 units, JMMB Group closed at $1.69 after an exchange of 2,047 stocks. L.J. Williams B share ended with an exchange of 3,000 shares at $2.75, Massy Holdings rose 1 cent and ended at $4.56 in switching ownership of 7,982 stock units, National Enterprises ended trading at $3.60 after 17,509 units changed hands. National Flour Mills ended trading of 2,513 stocks at $1.40, One Caribbean Media inched 1 cent higher to $3.83 after trading 5,000 units. 
Prestige Holdings added 9 cents to end at $7.49 after a transfer of 22,295 shares, Points Lisas ended with an increase of 20 cents to $3.80 after an exchange of 200 shares, Republic Financial remained at $138 in an exchange of 11,399 units, Scotiabank saw an exchange of 245 stocks at $77.85. Trinidad & Tobago NGL closed at $20, with 87 shares clearing the market, Trinidad Cement ended trading at $3.53 while exchanging 5,470 stock units, Unilever Caribbean rallied 99 cents to $15.79, with 1,435 stocks crossing the market and West Indian Tobacco dropped 30 cents to $16.50 in exchanging 9,873 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on Trinidad Exchange
Trading activity jumped on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 65 percent and the value jumping 105 percent more than on Monday, resulting in the trading of 22 securities compared with 20 on Monday, with prices of six stocks rising, seven declining and nine remaining unchanged.
Investors exchanged 572,971 shares for $6,448,918 versus 346,209 stock units at $3,145,595 on Monday. An average of 26,044 units were traded at $293,133 compared with 17,310 shares at $157,280 on Monday, with trading month to date averaging 21,885 shares at $228,451, close to the average trade for March of 23,611 shares at $241,670.
The Composite Index dipped 2.98 points to 1,309.84, the All T&T Index shed 3.16 points to 1,969.34, the SME Index closed at 61.06 and the Cross-Listed Index shed 0.39 points to close at 84.55.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s shed $1.24 to end at $58.51 in trading 205 shares, Angostura Holdings popped 93 cents to $24.05 after exchanging 656 stocks, Ansa McAl declined 3 cents in closing at $50.80 as 6,149 stock units passed through the market. 
Calypso Macro Investment Fund fell $1.23 after ending at $20.77 in an exchange of 50 units, First Citizens Group popped 1 cent to $50.01, with 4,078 shares changing hands, GraceKennedy lost 15 cents in closing at $4.45 after 24,144 stocks crossed the market. Guardian Holdings dipped 45 cents to close at $25.05 with the swapping of 1,100 stock units, Guardian Media rose 10 cents to end at $2.30 as investors exchanged 2,000 units, JMMB Group dropped 6 cents in ending at $1.69 after an exchange of 272 stocks. L.J. Williams B share gained 19 cents to close at $2.75 with an exchange of 170 shares, Massy Holdings ended trading at $4.55 in switching ownership of 382,451 stock units, National Enterprises dropped 13 cents to $3.60, with 33,353 units changing hands. National Flour Mills dipped 10 cents to $1.40, with 1,552 stocks crossing the exchange, NCB Financial declined 39 cents in closing at $3.51 with investors transferring 1,957 stock units, One Caribbean Media increased 32 cents to end at $3.82 after trading 1,620 units,
Prestige Holdings slipped 9 cents to $7.40 after 28,462 shares were traded, Republic Financial ended at $138 in an exchange of 19,247 units Scotiabank lost 15 cents to close at $77.85 with a transfer of 560 stocks. Trinidad & Tobago NGL fell 1 cent in closing at $20, with 1,064 shares clearing the market, Trinidad Cement slipped 1 cent to $3.53 while exchanging 99 stock units, Unilever Caribbean rallied 30 cents in closing at $14.80, with 56,220 stocks crossing the market and West Indian Tobacco popped 1 cent to $16.80 in exchanging 7,562 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
ICTOP10 rides big weekly JSE rally
The JSE Main market surged sharply in the past week.
While the Main and Junior Markets rebounded sharply during last week, ICTOP10 stocks ended with varying movements, with gains and losses in both markets hitting 16 percent. It was an interesting week in which the main market gained over 18,000 points for the week with all days closing with gains including the Friday of the previous week, but it sits at a resistance level and is a signal worth watching.
The Junior Market put on 200 points since Thursday, March 23 and had one minor negative trading day during the period, however, the last day accounted for nearly half of the above gains.
While Bank of Jamaica held their overnight rates at 7 percent, their CD rate that fell 16 percent in the previous week to an average of 8.85 percent from over 10 percent where it stood for several months, BOJ offered a huge $35 billion this past week, but the average rate fell to 8.49 percent after $70 billion chased the amount offered. Importantly, the central bank cut the stock of CDS it holds from a peak of $109.5 billion on March 3, but at the latest auction, it amounted to $88.85 billion, marginally up from $82 billion on the 17th.
At the end of the past week, in the Junior Market TOP10 four stocks gained and five declined. KLE Group jumped 16 percent to $1.69 and Tropical Battery rose 7 percent to close at $2.08. General Accident dropped 16 percent to $5 and Everything Fresh fell 6 percent to close at $1.45.
The Main Market TOP10 JMMB Group climbed 15 percent to $33.25, Jamaica Broilers gained 12 percent to $37.10, Caribbean Producers popped 7 percent to $9.70 and NCB Financial with a rise of 6 percent to $75. Berger Paints fell 10 percent to $8.20 and 138 Student Living with a fall of 6 percent to $5.05.
The Junior Market has a long term pattern, with the market starting to rise around a month before quarterly results are due and declining shortly after results are released. This is a pattern worth noting that can be built into investment decisions that can improve returns.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 5.8 compared with the market at 11.4. The differences are important indicators of the level of likely gains for ICTOP10 stocks. The Junior Market is projected to rise by 248 percent and the Main MarketTOP10 by an average of 267 percent, by 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 20.4, 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 Main Market 19 highest valued stocks are priced at a PE of 15 to 115, with an average of 29 and 21 excluding the most valued stocks and 20.5 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.
Declining stocks crush risers on TTSE
Declining stocks crushed those rising on the Trinidad and Tobago Stock Exchange on Friday, after a big jump in the volume of stocks traded and a near doubling in value compared to Wednesday. The total volume dropped 69 percent below trading on Wednesday as the value slipped a mere four percent, resulting in 21 securities trading compared with 20 on Wednesday, with five stocks rising, nine declining and seven remaining unchanged.
Trading climbed to 454,057 shares for $7,929,953, compared with 1,467,927 units for $8,272,610 on Wednesday.
An average of 21,622 shares were traded at $377,617 versus 72,896 shares at $413,630 on Wednesday, with trading month to date averaging 23,611 shares at $241,670 marginally more than 23,716 shares at $234,460 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index fell 5.83 points to 1,312.35, the All T&T Index popped 2.10 points to 1,974.62, the SME Index ended at 61.52 and the Cross-Listed Index slipped 2.00 points to close at 84.49.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings closed trading of 5,740 shares at $24.50, Ansa McAl traded three shares after the price popped $1.20 to $52, Calypso Macro Index Fund slipped 1 cent to end at $20.75 after investors traded 1,143 units. First Citizens Group dipped 1 cent in ending at $50 with an exchange of 6,295 stocks, FirstCaribbean International Bank fell by 10 cents in ending at $7.15, with 1,523 stock units clearing the market. Guardian Holdings had an exchange of 2,001 shares after dropping 94 cents to close at $25.05, Guardian Media ended with an exchange of 4,080 units after dropping 10 cents to close at $2.20, GraceKennedy popped 2 cents in ending at $4.48 after an exchange of 3,400 units, JMMB Group lost 3 cents to close at a 52 weeks’ low of $1.67 with a transfer of 40,686 shares, Massy Holdings ended at $4.50 after an exchange of 56,239 stock units.
NCB Financial traded 12,505 shares and fell 25 cents to $3.50, National Enterprises had an exchange of 59,780 stocks in closing at $3.55 after a fall of 15 cents, National Flour rose 10 cents in trading 37 shares to $1.50. One Caribbean Media closed at $3.70, with 20 units changing hands, Prestige Holdings ended at $7.40 in switching ownership of 157 shares. Republic Financial closed at $138 after 23,150 shares crossed the market, Scotiabank ended at $77.95 while exchanging just six stock units, Trinidad and Tobago NGL had an exchange of 11,077 shares after slipping 1 cent to end at $20, Trinidad Cement traded 500 stock units in closing at $3.52, Unilever Caribbean ended trading at $14.79 after rising 4 cents with an exchange of 218,012 stocks and West Indian Tobacco added 20 cents to end at $16.75 after trading 7,703 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising & declining stocks share spotlight in Trinidad & Tobago
Stocks rising and declining shared the spotlight equally on the Trinidad and Tobago Stock Exchange on Wednesday, after a big jump in the volume of stocks traded and a near doubling in Tuesday’s value. The total volume surged 466 percent over the miniscule amount on Tuesday as the value climbed 89 percent, resulting in 20 securities trading similar to Tuesday, with seven stocks rising, seven declining and six remaining unchanged.
Trading climbed to 1,467,927 shares for $8,272,610, up from 257,799 stock units at $4,379,273 on Tuesday.
An average of 72,896 shares were traded at $413,630 compared with 12,890 shares at $218,964 on Tuesday. Trading month to date averaged 23,716 shares at $234,460 marginally more than 21,100 units at $224,930 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index fell 8.81 points to 1,318.18, the All T&T Index dipped 9.84 points to 1,972.52, the SME Index remained at 61.52 and the Cross-Listed Index dipped 1.08 points to close at 86.49.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings popped 40 cents to $24.50 after trading 10 shares, Ansa McAl traded 3,501 shares after the price dropped $3.70 to $50.80, Calypso Macro Index Fund ended $20.76 after investors traded 357 units. First Citizens Group slipped 1 cent to $50.01 with an exchange of 3,000 stocks, FirstCaribbean International Bank ended at $7.25, with 161 stock units clearing the market. Guardian Holdings had an exchange of 1,684 shares after gaining 49 cents to close at $25.99, Gracekennedy slipped 2 cents in ending at $4.46 after an exchange of 1,100 units, JMMB Group popped 1 cent to $1.70 with a transfer of 8,815 shares, Massy Holdings fell 1 cent to $4.50 after an exchange of 1,216,645 stock units.
NCB Financial traded 1,110 shares and fell 14 cents to close at $3.75, National Enterprises had an exchange of 81,296 stocks in closing at $3.70, National Flour lost 10 cents in trading 3,401 shares at $1.40. One Caribbean Media gained 14 cents to end at $3.70, with 16,500 units changing hands, Prestige Holdings ended at $7.40 in switching ownership of 405 shares. Point Lisas traded 92,463 shares and gained 1 cent to close at $3.60, Republic Financial closed at $138 after 8,554 shares crossed the market, Scotiabank fell 5 cents to $77.95 while exchanging 1,504 stock units, investors in Trinidad and Tobago NGL swapped 13,424 after slipping 4 cents to end at $$20.01, Unilever Caribbean ended trading at $14.75 with an exchange of 1,050 stocks and West Indian Tobacco added 4 cents to end at $16.55 after trading 2,947 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks dominate Trinidad & Tobago Exchange
Stocks mostly slipped on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 99 percent at a 191 percent greater value than Monday, resulting in 20 securities
trading compared with 16 on Monday, with six stocks rising, nine declining and five remaining unchanged.
Trading climbed to 257,799 shares for $4,379,273, up from 131,348 stock units at $1,504,412 on Monday. An average of 12,890 units were traded at $218,964 compared to 8,209 shares at $94,026 on Monday, with trading month to date averaging 21,100 shares at $224,930 marginally less than 21,561 units at $225,265 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index fell 2.66 points to 1,326.99, the All T&T Index dipped 6.76 points to 1,982.36, the SME Index remained at 61.52 and the Cross-Listed Index popped 0.24 points to close at 87.57.
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 dropped 98 cents to $58.51 after trading 100 shares, Ansa McAl traded 137 shares after the price slipped 25 cents to $54.50, Ansa merchant Bank traded 3,508 shares after falling $2.27 to close at $43.53, Calypso Macro Index Fund dropped $1.74 to close at $20.76 after investors traded 4,000 units. First Citizens Group ended at $50 with an exchange of 7,369 stocks, FirstCaribbean International Bank popped 5 cents to end at $7.25, with 303 stock units clearing the market. Guardian Holdings had an exchange of268 shares at $25.50, Guardian Media traded 525 shares and gained 10 cents to close at $2.30, Gracekennedy rose 2 cents in ending at $4.48 after an exchange of 1,100 units, JMMB Group slipped 1 cent to a 52 weeks’ low of $1.69 with a transfer of 26,208 shares,
Massy Holdings fell 4 cents to $4.51 after an exchange of 100,652 stock units, National Enterprises had an exchange of 10,435 stocks in closing at $3.70 after slipping by 2 cents, National Flour traded 300 shares at $1.50. One Caribbean Media gained 1 cent to end at $3.56, with 19,789 units changing hands, Prestige Holdings shed 9 cents in ending at $7.40 in switching ownership of 321 shares. Republic Financial closed at $138 after 12,009 shares crossed the market, Scotiabank remained at $78 while exchanging just 2,043 stock units, investors in Trinidad and Tobago NGL swapped 53,774 with a rise of 4 cents to end at $$20.04, Unilever Caribbean rose 25 cents in ending at $14.75 while 4,255 stocks passed through the market and West Indian Tobacco fell 28 cents to end at $16.51 after trading 10,703 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.