Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with a 40 percent fall in the volume of stocks traded, with a 39 percent jump in value compared with Monday resulting from trading in 19 securities compared with 19 on Monday, an ending with prices of eight rising, five declining and six remaining unchanged.
Investors traded 149,510 shares for $2,710,520 compared with 248,812 stock units at $1,943,274 on Monday. An average of 7,869 units were traded at $142,659 compared to 13,095 shares at $102,278 on Monday, with trading month to date averaging 30,167 shares at $249,203 versus 32,616 units at $260,905 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index gained 0.76 points to 1,335.22, the All T&T Index popped 2.99 points to 1,984.58, the SME Index remained at 61.52 and the Cross-Listed Index dipped 0.23 points to close at 89.63.
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, Angostura Holdings dropped 10 cents to end at $23.90 in an exchange of 31 shares, Calypso Macro Investment Fund remained at $21.50 after a transfer of 20 stock units, First Citizens Group popped 19 cents in ending at $50.30 as investors exchanged 626 units. FirstCaribbean International Bank rose 5 cents to $7.05 in exchanging 367 stocks, GraceKennedy ended at $4.74 in swapping 23,244 units, Guardian Holdings gained 1 cent to $25.07 after trading 950 shares. JMMB Group dipped 4 cents in ending at $1.85, with 1,259 stocks crossing the exchange, L.J. Williams B share climbed 2 cents in closing at $2.75 with a transfer of 14,000 stock units, Massy Holdings lost 10 cents to end at $4.50 after exchanging 56,585 units. National Enterprises rallied 1 cent to close at $3.71 with investors transferring 3,862 shares, NCB Financial ended at $4.10 with an exchange of 483 stocks, One Caribbean Media advanced 2 cents in closing at $3.52 in switching ownership of 6,700 stock units. 
Point Lisas increased 2 cents to $3.60 in trading 332 units, Prestige Holdings climbed 10 cents to 7.50 after an exchange of 830 stock units, Republic Financial fell 69 cents to $137 in an exchange of 5,636 shares. Scotiabank remained at $78.39, with 12,513 stocks crossing the market, Trinidad & Tobago NGL ended at $20.74 while exchanging 16,112 stock units, Unilever Caribbean shed 30 cents to close at $14.50, with 340 shares passing through the market and West Indian Tobacco remained at $18.50, with 5,620 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Positive trading for Trinidad market
Everything & Guardian head ICTOP10
Everything Fresh and Guardian Holdings continue to head the ICInsider.com TOP10 in a week when the Main Market fell 2.7 percent and the Junior Market dropped a hefty 7.8 percent and reversed all the gains of the previous week, but the Investors Choice bid-offer Indicator is flashing positive signals for both markets on Monday.
Guardian Holdings has a commanding lead over its next rival by almost 100 points, but Everything Fresh likely gain of 344 percent is just above Caribbean Assurance at 333 percent, but the latter is currently far more appealing, with the stock selling at a PE of a mere 7 times 2022 earnings and 4.6 times 2023. Everything Fresh PE based on 2022 earnings is at a much higher 17 and 4.5 based on projected 2023 earnings.
Earnings season had two companies in ICInsider.com TOP10 reporting very strong results that augur well for a full year’s profit.
Caribbean Assurance Brokers is selling at a PE of just 7 based on historical earnings.
Scotia Group reported a net income of $3.4 billion for the quarter that ended January 2023, an increase of $2.2 billion or 173 percent over the prior year period as loans the primary driver of profits increased a solid 18.8 percent to $237 billion while deposits grew only 7.7 percent to $4.05 billion and resulted in net interest income surging $2.6 billion as interest expenses actually declined. These results suggest ICInsider.com forecast for $5 per share may be a bit light with solid prospects that earnings of $5.50 seem possible. It noted that overall comprehensive profit shows a loss of $1 billion after accounting for pension obligations of $9.5 billion and other items of gains.
Jamaica Broilers continues to churn out strong growth in profits with their nine months results more than double that of the prior year while the January quarter is up 27 percent to $1.5 billion as revenues climbed a solid 20 percent after finance cost nearly doubled. With the tourism industry back to normal the company should get a further boost for the rest of 2023. ICInsider.com forecast for $6 per share for the current fiscal year from continuing operations seem well within reach and could be exceeded making it a solid buy for the long haul.
Scotia Group had a significant increase in profits for the January 2023 quarter.
Performance in the past week was mixed for the Junior Market TOP10 but was far better than the near 8 percent fall by that market, with only three stocks rising of which two rose by 2 percent or less. Iron Rock Insurance gained 15 percent this past week to $2.30 after falling 13 percent the previous week. Lasco Distributors fell 6 percent to $2.64, followed by AMG Packaging and Stationery and Office Supplies which fell by 3 percent to $2.51 and $14.50, respectively.
The Main Market TOP10 performed worse than the overall market with only two stocks gaining and six declining. Jamaica Broilers rose 6 percent to $38 as investors warmed to the stock following release of outstanding results, with the price having a far way to run, while JMMB Group a clear winner for the long term, put on just 2 percent to close at $31.01. Key Insurance fell 7 percent to $2.61 followed by a 5 percent for NCB Financial and 138 Student Living to $72 and $5.20 respectively.
There are no new additions in either market to the ICTOP10 this past week.
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 13.3, while the Junior Market Top 10 PE sits at 6.1 compared with the market at 11.3. The differences are important indicators of the level of likely gains of ICTOP10 stocks. The Junior Market is projected to rise by 238 percent and the Main Market TOP10 by an average of 274 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 25, averaging 19.7, well above the market’s average. The top half of the market has an average PE of 16.
The Main Market 16 highest valued stocks are priced at a PE of 15 to 98, with an average of 30 and 22 excluding the highest valued 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 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 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.
Big recovery in trading on the Trinidad Exchange
Trading ended with a huge jump in the volume of stocks traded on the Trinidad and Tobago Stock Exchange on Friday as 625 percent more funds passed through the market resulting in a 2174 percent jump in the volume traded compared to Thursday, resulting in the trading of 24 securities compared with 16 on Thursday and ended with eight stocks rising, six declining and 10 remaining unchanged.
Investors exchanged 584,701 shares for $3,409,923, up from just 25,710 stock units at $470,375 on Thursday. An average of 24,363 units were traded at $142,080 versus 1,607 shares at $29,398 on Thursday. Trading month to date averages 35,025 shares at $280,473 compared to 36,993 units at $306,023 on the previous day. The average trade for February ended with 51,996 shares at $458,520.
The Composite Index fell 0.64 points to 1,327.84, the All T&T Index shed 3.18 points to close at 1,983.19, the SME Index remained at 61.52 and the Cross-Listed Index rose 0.29 points to 87.70.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s remained at $59.99 with 115 shares crossing the exchange, Angostura Holdings increased 45 cents to close at $24 as 2,933 stocks passed through the market, Ansa McAl ended at $50.81, with 1,109 units changing hands. First Citizens Group ended at $50.10 in swapping 1,160 stock units, FirstCaribbean International Bank rallied 40 cents to $7 with 2,479 stock units crossing the market, GraceKennedy ended at $4.60 after exchanging 1,000 stocks. Guardian Holdings declined 94 cents to end at $25.06 after a transfer of 4,160 shares, Guardian Media remained at $2.15 in switching ownership of 8,591 units, JMMB Group ended at $1.89 with an exchange of 782 stocks, L.J. Williams B share lost 2 cents to close at $2.73 after trading 1,355 stock units, Massy Holdings fell 10 cents to $4.50 in trading 366,666 shares. National Enterprises remained at $3.73 with 132,903 units changing hands, National Flour Mills ended at $1.59 in an exchange of 350 shares, NCB Financial remained at $4.10 after investors exchanged 4,252 stock units. One Caribbean Media rallied 17 cents to $3.50 with 1,000 stocks crossing the market, Point Lisas dropped 2 cents to end at $3.58 with a transfer of 8,415 units, 
Prestige Holdings rose 25 cents in closing at $7.50 while exchanging 427 shares. Republic Financial advanced $1 in ending at $137.99 as investors exchanged 2,568 stock units, Scotiabank climbed 19 cents to close at $78.39 after an exchange of 3,663 stocks, Trinidad & Tobago NGL dipped 3 cents to $20.75 with 3,937 stocks clearing the market. Trinidad Cement shed 8 cents to close at $3.50 with an exchange of 35,590 stock units, Unilever Caribbean ended at $14.50, with 151 shares changing hands and West Indian Tobacco gained 13 cents in closing at $18.63 while exchanging 1,073 units.
In the preference segment, Guardian Media popped 15 cents in closing at $65.85 with investors transferring 22 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in funds entering Trinidad Exchange
Traders pumped 117 percent more money into the Trinidad and Tobago Stock Exchange on Wednesday, than they did on Tuesday but traded 29 percent less shares trading in 15 securities compared with 19 on Tuesday, with three stocks rising, eight declining and four unchanged.
Investors traded 501,834 shares for $13,032,564 compared with 702,526 stock units at $5,994,421 on Tuesday.
An average of 33,456 units were exchanged for $868,838 compared with 36,975 shares at $315,496 on Tuesday, with trading month to date averaging 41,960 shares at $344,847 versus 43,248 units at $265,454 on the previous day. The average trade for February was 51,996 shares at $458,520.
The Composite Index advanced 1.09 points to 1,325.89, the All T&T Index lost 1.46 points to end at 1,982.94, the SME Index was unchanged at 61.52 and the Cross-Listed Index gained 0.53 points to close at 87.17.
Investor’s Choice bid-offer indicator 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 $59.99 with a transfer of 51 shares, Angostura Holdings climbed 44 cents in closing at $23.55 after trading 1,842 stocks, Ansa McAl lost 19 cents to close at $50.81 after investors exchanged 371 stock units. First Citizens Group dropped 39 cents to $50.11 with investors transferring 1,182 units, Guardian Holdings declined $1 to $26 after a transfer of 388,474 units, JMMB Group gained 10 cents in closing at $1.85 in switching ownership of 688 shares. Massy Holdings advanced 10 cents to end at $4.60 with 48,474 stocks changing hands, National Enterprises dipped 3 cents to $3.71 in an exchange of 6,651 stock units, NCB Financial ended at $4.10 and closed with 555 units being traded. 
Point Lisas remained at $3.60, with 50 stock units crossing the exchange, Prestige Holdings ended at $7.50 after 13,415 stocks changed hands, Republic Financial shed $1.01 in closing at $136.99 after 10,144 shares passed through the market. Scotiabank fell 9 cents to $78.11 as investors exchanged 8,681 stock units, Trinidad & Tobago NGL shed 15 cents in ending at $20.75, with 3,100 shares crossing the market and West Indian Tobacco declined 49 cents to end at a 52 weeks’ low of $18 with 18,156 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising prices dominate trading in Trinidad
Trading levels remained relatively steady on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 19 percent and the value moderately more than on Monday, resulting in 19 securities trading compared with 19 on Monday, with 11 stocks rising three declining and five remaining unchanged, but resulted in a fall in the leading market indices as Angostura Holdings declined $1.89 and overwhelmed price gains elsewhere.
The Composite Index dropped 4.72 points to 1,324.80, the All T&T Index fell 11.34 points to 1,984.40, the SME Index remained at 61.52 and the Cross-Listed Index rallied 0.33 points to settle at 86.64.
Investors exchanged 702,526 shares for $5,994,421 versus 870,339 stock units at $5,806,444 on Monday. An average of 36,975 units were traded at $315,496 compared to 45,807 shares at $305,602 on Monday, with trading month to date averaging 43,248 shares at $265,454 compared with 44,738 units at $253,573 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The 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 rallied 49 cents ending at $59.99 after a transfer of 172 shares, Angostura Holdings declined $1.89 to $23.11 after finishing trading with a transfer of 750 units, Ansa McAl increased 20 cents to end at $51 as 984 stocks passed through the market. Calypso Macro Investment Fund gained 15 cents to close at $20.75, with 650 stock units crossing the market, First Citizens Group climbed 39 cents to $50.50 in trading 4,799 stock units, FirstCaribbean International Bank remained at $6.60 and closed with 313 shares changing hands. GraceKennedy rose 10 cents to $4.60 in an exchange of 41,383 units, Guardian Holdings popped $1.59 to $27 with investors exchanging 18,562 stocks, JMMB Group ended at $1.75 in switching ownership of 6,500 stock units. Massy Holdings dipped 14 cents to $4.50 with a transfer of 109,510 units, 
National Enterprises advanced 1 cent to $3.74 while exchanging 488,341 shares, National Flour Mills ended at $1.59 with 740 stocks clearing the market. NCB Financial gained 5 cents to close at $4.10, 500 units changing hands, Prestige Holdings rallied 30 cents to end at $7.50 in exchanging 1,123 stocks, Republic Financial closed at $138 with investors transferring 15,021 shares. Scotiabank ended at $78.20 with 5,715 stock units crossing the exchange, Trinidad & Tobago NGL rose 5 cents in closing at $20.90 as investors exchanged 1,412 stock units, Unilever Caribbean popped 35 cents to close at $14.50 with the swapping of 136 stocks and West Indian Tobacco shed 1 cent to end at $18.49 trading after 5,915 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading bounce for Trinidad stocks
Trading ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 25 percent with the value being 76 percent more than on Friday resulting in 19 securities trading compared with 20 on Friday, with prices of seven stocks rising, six declining and six remaining unchanged.
Investors traded 870,339 shares for $5,806,444 compared with 696,764 stock units at $3,294,068 on Friday.
Trading averaged 45,807 stocks at $305,602 compared to 34,838 shares at $164,703 on Friday. Trading month with date averages 44,738 shares at $253,573 compared to 44,405 units at $237,363 on the previous trading day. February closed with an average of 51,996 shares at $458,520.
The Composite Index popped 2.43 points to 1,329.52, the All T&T Index advanced 3.18 points to 1,995.74, the SME Index remained at 61.52 and the Cross Listed Index rallied 0.23 points to settle at 86.31.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $59.50 after investors transferred 7,225 shares, Angostura Holdings rallied $1 in closing at $25, with 5 units crossing the market, Ansa McAl advanced 5 cents to end at $50.80 after a transfer of 2,416 stock units. First Citizens Group shed 39 cents to close at $50.11 after the trading of 6,609 stocks, FirstCaribbean International Bank popped 29 cents to $6.60 as investors exchanged 620 stock units, GraceKennedy climbed 5 cents to $4.50 in an exchange of 4,026 stocks. Guardian Holdings dropped 5 cents to end at $25.41 after exchanging 2,437 shares, JMMB Group ended at $1.75 as 3,000 units passed through the market, L.J. Williams B share ended at $2.75 after an exchange of 290 stock units. Massy Holdings remained at $4.64 after 68,881 shares were exchanged, National Enterprises declined 2 cents to $3.73 in switching ownership of 756,464 units, National Flour Mills gained 9 cents to end at $1.59, with 763 stocks crossing the market. 
NCB Financial dipped 5 cents in closing at $4.05 after 2,315 stock units passed through the exchange, Prestige Holdings increased 10 cents to close at $7.20 with an exchange of 65 shares, Republic Financial rose 50 cents to close at $138 with the swapping of 10,352 units. Scotiabank ended at $78.20 while 2,630 stocks changed hands, Trinidad & Tobago NGL remained at $20.85 with a transfer of 63 stocks, Trinidad Cement lost 40 cents to close at $3.50 trading 500 stock units and West Indian Tobacco fell 49 cents in closing at a 52 weeks’ low of $18.50, with 1,678 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
3 new ICTOP10 stocks after week’s gains
The Main Market gained 1.3 percent and the Junior Market 2.4 percent over the previous week, the first sign that stocks may be coming back to life, following the end of earning season with a mixed bag of results and the sounding of prospects for a better period ahead, with cost pressures that existed last year in stockpiling supplies to meet demand that squeezed margins have started to recede, with the promise of higher profit margins ahead.
Everything Fresh tops ICTOP10
The period saw many companies reporting solid gains in profit that investors are yet to award with better prices than the results demand, which is not expected to last for long as supplies of many stocks have been declining in recent weeks.
ICTOP10 has three new additions to the Junior Market TOP10 while the Main Market remains steady.
The week closed with rising stocks dominating the Junior Market TOP10. Paramount Trading fell 9 percent in the prior week, led rising stocks this past week, with a gain of 18 percent to $2.35, followed by Main Event, put on 15 percent to land at a new high of $12.39, Lasco Distributors and Lasco Manufacturing rose 8 percent to $2.81 and $4.30, respectively. Iron Rock Insurance fell 13 percent to $2.08 and Tropical Battery dipped 4 percent to $2.20.
Six stocks rose in the Main Market TOP10, with 138 Student Living rising 10 percent to $5.50, the price of Jamaica Broilers rose 9 percent to $36 as investors warmed to the stock following release of outstanding second quarter numbers and the price having a long way to run. Caribbean Producers, that is undervalued, rose 6 percent to $10 as selling pressure eased somewhat.
Price changes resulted in Paramount Trading, Main Event and Lasco Manufacturing exiting the Junior Market TOP10 and replaced by AMG Packaging, Everything Fresh and Stationery and Office Supplies.
AMG Packaging enjoyed improved profit margin in the November quarter compared with that in 2021, even as sales fell slightly in the latest quarter to November, which augurs well for increased profit in the current year, with revenues projected to rise in the year with more business opportunities as the economy continues to grow at a healthy pace. Everything Fresh and Stationery and Office Supplies (SOS) earnings reflect that for the current year. Everything Fresh now heads the Junior market TOP10, having reported profit for an entire year in 2022 for the first time since they released a depressed $16 million profit in 2018. Profit came in at $48 million before tax for 2022, a modest change from $47 million reported for the nine months to September after finance costs rose 43.5 percent in the December quarter over the nine months to September. With 2023 setting up to be the strongest tourist season since 2019, the company is set to see a big jump in business from that sector and profit in 2023, that should see the company earned 30 cents per share, that is why it is in ICTOP10. SOS posted record profits for 2022 with a 169 percent increase before tax from a 55 percent jump in revenues. Of note are a 35 percent increase in fourth quarter revenues and a deal struck with a company in Trinidad to cross sell products that should add to revenues in 2023 and push earnings to $2 per share for the year. With improving profits and shrinking supplies outside of the TOP 10 shareholders, who control 91 percent of the issued shares, the stock is setting up for a stock split that cannot be far off and, when given, will catapult the stock price upwards.
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 13.9, while the Junior Market Top 10 PE sits at 6.1 compared with the market at 11.8. The differences are important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 240 percent and the Main Market TOP10 by an average of 284 percent to May 2024, now that TOP10 stocks earnings are based on 2023 profits.
The Junior Market has 13 stocks representing 27 percent of the market, with PEs from 15 to 26, averaging 19.5, well above the market’s average. The top half of the market has an average PE of 17. The above average shows the extent of potential gains for the TOP 10 stocks.
The situation in the Main Market is similar, with the 12 highest valued stocks priced at a PE of 15 to 115, with an average of 32 and 23 excluding the highest valued stocks and 21 for the top half excluding the highest valued 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.
Stocks inched higher on the Trinidad exchange
Stocks inched higher at the close of trading on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 13 percent with a modestly lower value than on Thursday resulting in an exchange of 20 securities trading up from 17 on Thursday, with prices of seven rising, five declining and eight remaining unchanged.
Investors exchanged 696,764 shares for $3,294,068 versus 617,050 stock units at $3,522,623 on Thursday.
An average of 34,838 shares were exchanged at $164,703 compared with 36,297 shares at $207,213 on Thursday, with trading month to date averaging 44,405 shares at $237,363 versus 49,071 units at $272,806 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index popped 3.88 points to 1,327.09, the All T&T Index dipped 3.80 points to 1,992.56, the SME Index remained at 61.52 and the Cross-Listed Index rallied 1.69 points to settle at 86.08.
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, Agostini’s advanced 50 cents in closing at $59.50 with an exchange of 230 shares, Ansa Merchant Bank remained at $45 trading 2,623 stocks, Calypso Macro Investment Fund gained 9 cents to end at $20.60 after 10 stock units were traded. FirstCaribbean International Bank rose 1 cent to $6.31 after an exchanging of 41,120 units, GraceKennedy increased 20 cents to $4.45 while exchanging 44,746 stock units, Guardian Holdings lost $1.53 ending at $25.46 with 8,192 stocks changing hands. Guardian Media ended at $2.15 after a transfer of 10 units, JMMB Group ended with an exchange of 150,509 shares at $1.75, L.J. Williams B share remained at $2.75 in switching ownership of 718 stocks. Massy Holdings climbed 4 cents in closing at $4.64, with 45,500 shares clearing the market, National Enterprises ended at $3.75 while 385,269 units were traded, 
NCB Financial remained at $4.10 with 482 stock units passing through the market. One Caribbean Media fell 17 cents to $3.33, with 670 shares crossing the market, Prestige Holdings ended at $7.10 after an exchange of 4,221 stock units, Republic Financial shed 50 cents to close at $137.50, with 1,022 stocks changing hands. Scotiabank rallied 10 cents to $78.20 with a transfer of 2,953 units, Trinidad & Tobago NGL slipped 15 cents to $20.85 with investors exchanging 132 stock units, Trinidad Cement remained at $3.90 after an exchange of 10 stocks. Unilever Caribbean popped 5 cents to end at $14.15 in trading 25 shares and West Indian Tobacco dipped 1 cent to close at $18.99 with investors transferring 8,322 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Trinidad stocks
Stocks mostly gained on Monday after a mild increase in the volume of stocks traded on the Trinidad and Tobago Stock Exchange, with the value being 35 percent more than on Friday and resulting in 19 securities changing hands compared with 20 on Friday, with seven stocks rising, one declining and 11 remaining unchanged.
Investors traded 546,993 shares at $5,480,710 compared with 523,071 units at $4,056,217 on Friday.
An average of 28,789 shares were exchanged at $288,458 up from 26,154 units at $202,811 on Friday Trading month to date averages 50,570 shares at $456,473 down from 51,918 units at $466,871 on the previous day. The average trade for January was 28,440 at $235,404.
The Composite Index popped 7.28 points to 1,327.81, the All T&T Index rallied 5.35 points to 1,997.15, the SME Index remained at 61.52 and the Cross-Listed Index popped 1.31 points to 85.61.
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 remained at $58.01 trading 2,016 shares, Ansa McAl popped 25 cents in ending at $50.75 after an exchange of 350 stock units, Calypso Macro Investment Fund ended at $21.50, with 496 units changing hands. First Citizens Group remained at $50.10, with 6,036 stocks clearing the market, FirstCaribbean International Bank ended at $6.50 as 1,530 units passed through the market, GraceKennedy remained at $4.42 after ten stocks were traded. 
Guardian Holdings shed 48 cents to end at $25.52 with a transfer of 157 shares, JMMB Group ended at $1.80, with 12,500 stock units crossing the market, L.J. Williams B share remained at $2.72 while exchanging ten stocks. Massy Holdings rallied 5 cents to $4.70 after an exchange of 476,878 shares, NCB Financial increased by 10 cents in closing at $4.10, with 14,926 units crossing the market, One Caribbean Media rose 2 cents to $3.28 after an exchange of 1,500 stock units. Point Lisas ended at $3.60 with ten stock units changing hands, Republic Financial ended at $138.50 as investors exchanged 16,273 units, Scotiabank gained 3 cents after ending at $78.13 with the swapping of 3,360 shares. Trinidad & Tobago NGL advanced 14 cents to close at $21 with an exchange of 3,990 stocks, Trinidad Cement remained at $3.52 after a transfer of 1,150 shares, Unilever Caribbean remained at $14 in an exchange of 1,325 stock units and West Indian Tobacco climbed 4 cents to $19.65 in switching ownership of 4,476 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading on Trinidad market
Trading maintained Tuesday’s robustness on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded marginally lower than Tuesday’s, with a 14 percent higher value, resulting from activity in 24 securities up from 18 on Tuesday, with 11 stocks rising, nine declining and four remaining unchanged.
Investors traded 1,394,876 shares for $7,662,436 versus 1,400,887 stock units at $8,927,824 on Tuesday.
At the close, Agostini’s dipped 24 cents to $59.75 with investors trading 1,808 shares, Angostura Holdings declined 24 cents in closing at $23.50 in an exchange of 2,258 stocks, Ansa McAl remained at $50.75 after a transfer of 9 stock units. Ansa Merchant Bank ended at $45 with 250 units clearing the market, Calypso Macro Investment Fund shed 99 cents in ending at $20.51 as investors exchanged 200 units, CinemaOne remained at $7.90 and closed with 1,000 shares changing hands. First Citizens Group rallied 40 cents to close at $50.50, with 2,084 stocks crossing the exchange, FirstCaribbean International Bank climbed 8 cents to $6.30 after an exchange of 9,416 stocks, GraceKennedy gained 4 cents to end at $4.44 with an exchange of 1,727 shares. Guardian Holdings popped $1.47 in ending at $26.99 after investors traded 3,088 stocks, JMMB Group fell 5 cents ending at $1.75, with 32,500 stock units changing hands, L.J. Williams B share rose 20 cents to end at $2.75, with 100 units crossing the market. Massy Holdings dropped 31 cents in closing at $4.64 in switching ownership of 105,804 shares, National Enterprises lost 30 cents to close at $3.60 after 1,095,000 stock units crossed the market, National Flour Mills ended at $1.50 with a transfer of 12,088 units. 
NCB Financial increased 5 cents to $4.10 in trading 2,500 stocks, One Caribbean Media advanced 22 cents in closing at $3.50 following an exchange of 5,000 stock units, Point Lisas popped 2 cents to close at $3.60 while exchanging 1,711 units. Prestige Holdings climbed 10 cents to $7 as 6,509 shares passed through the market, Republic Financial rose $1 to $138 after exchanging 11,372 stocks, Scotiabank shed 10 cents to end at $78.10 with the swapping of 171 shares. Trinidad & Tobago NGL fell 15 cents to close at $20.85 trading 2,521 units, Trinidad Cement rallied 38 cents after ending at $3.90 with the swapping of 62,582 stocks and West Indian Tobacco lost 90 cents in closing at $19 in an exchange of 35,178 stock units.
An average of 58,120 units were exchanged at $319,268 down from 77,827 shares at $495,990 on Tuesday. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index closed unchanged at 1,325.48, the All T&T Index declined 3.21 points to 1,996.29, the SME Index remained at 61.52 and the Cross-Listed Index rallied 0.48 points to end at 85.06.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.