Declining stocks dominated the Trinidad and Tobago Stock Exchange on Monday, after a rise in trading, with the volume of stocks traded rising 86 percent with the value being 152 percent more than on Friday and ended with 14 securities trading down from 19 on Friday, with three stocks rising, 11 declining and none remaining unchanged.
Investors traded 1,083,353 shares for $6,284,101 versus 582,263 stock units at $2,488,818 on Friday. An average of 77,382 units were traded at $448,864 compared to 30,645 shares at $130,990 on Friday, with trading month to date averaging 41,381 shares at $315,727 versus 37,905 units at $302,872 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index fell 2.89 points to 1,325.82, the All T&T Index lost 8.09 points to close at 1,989.96, the SME Index remained unchanged at 50.72 and the Cross-Listed Index gained 0.37 points to settle at 86.10.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings fell 25 cents to $23.25 with investors transferring 125 shares, Calypso Macro Investment Fund declined 50 cents to close at $20.50 with the swapping of 100 stocks, First Citizens Group increased 1 cent in closing at $50.02 with an exchange of 21,814 units. FirstCaribbean International Bank advanced 10 cents in ending at $5.70 after trading 65,000 stock units, GraceKennedy shed 1 cent to end at $4.44 with a transfer of 161 stock units, 
Guardian Holdings lost 50 cents to end at $27, with 6,883 shares crossing the market. L.J. Williams B share dropped 15 cents to close at $2.60 in an exchange of 400 stocks, Massy Holdings dipped 23 cents in ending at $4.47 after a transfer of 965,977 units, National Enterprises rose 10 cents to $3.50 as 10,497 shares passed through the market. NCB Financial shed 1 cent in closing at $4.50 in exchanging 1,502 units, Republic Financial lost 25 cents in closing at $137.75, with 54 stock units crossing the market, Scotiabank dropped 49 cents to close at $77.51 as investors exchanged 154 stocks. Trinidad & Tobago NGL changing hands declined 20 cents ending at $21.50 1,390 shares and West Indian Tobacco fell $1 to end at a 52 weeks’ low of $20 with 9,296 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
With the latest results, Knutsford’s 2023 fiscal year earnings have been adjusted to $1 per share and putting the stock on target for at least $20 this year, at the close there were only a few stocks on offer for sale.
Junior Market TOP10 were 3 percent or less and similarly for the JSE Main Market TOP10.
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.
Investors traded 582,263 shares at $2,488,818 up from 202,362 stock units at $1,433,411 on Thursday, for an average of 30,645 units at $130,990 compared to 15,566 shares at $110,262 on Thursday. Trading month to date averages 37,905 shares at $302,872 versus 38,999 units at $328,790 on the previous day. The average trade for December amounts to 42,745 at $474,822.
National Enterprises slipped 2 cents to $3.40 after an exchange of 25,003 stocks, National Flour Mills shed 1 cent to end at $1.50 as 2,000 stock units passed through the market, NCB Financial fell 24 cents in closing at $4.51 with a transfer of 1,000 shares. Point Lisas remained at $3.41 with the swapping of 830 units, Prestige Holdings dipped 30 cents to close at $6.70 trading 480 shares, Republic Financial rallied 50 cents to $138 in an exchange of 75 stock units. Scotiabank ended at $78 in trading 1,369 stocks, Trinidad & Tobago NGL increased 20 cents to close at $21.70 in switching ownership of 5,623 stock units, Trinidad Cement dipped 5 cents to end at $3.85 after 2,050 shares were traded and West Indian Tobacco declined 95 cents in closing at $21 in an exchange of 10,209 units.
Junior Market action resulted in General Accident popping 11 percent to $4.91, followed by Lasco Distributors with a 5 percent rise to $2.63, but Paramount Trading lost 23 percent to close at $1.53 in a week when only three stocks declining, with the others slipping just one percent.
The Junior Market is projected to rise by 231 percent and the Main Market TOP10, an average now of 278 percent, to May 2023.
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.
Investors traded 657,504 shares for $15,259,330 versus 1,737,000 units at $8,045,167 on Thursday.
1 cent higher to $1.95 trading 37,754 shares. L.J. Williams B share gained 35 cents in closing at $2.70 while exchanging 1,000 units, Massy Holdings rose 20 cents to $4.70 as investors exchanged 21,224 stock units, National Enterprises lost 1 cent to end at $3.59 with investors transferring 18,495 stocks. NCB Financial rose 2 cents in closing at $4.52 after an exchange of 5,000 stocks, One Caribbean Media ended at $3.30 with a transfer of 30,320 shares, Prestige Holdings declined 9 cents in ending at $6.71, with an exchange of 4,500 stock units. Scotiabank popped 30 cents to end at $78.30 after 3,343 units changed hands, Trinidad & Tobago NGL dropped $1.20 to close at $21.80, while 4,402 stock units passed through the market, Trinidad Cement ended at $3.90 after a transfer of 3,000 shares. Unilever Caribbean remained at $12.80 with an exchange of two units and West Indian Tobacco remained at $22 in trading 4,507 stocks.
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 15.3, while the Junior Market Top 10 PE sits at 6.2 versus the market at 12.9, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 228 percent and the Main Market TOP10, an average now of 269 percent, to May 2023.
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.
The market closed with the volume of stocks traded rising 53 percent, with the value 12 percent more than on Thursday resulting in 17 securities trading compared with 20 on Thursday, with seven stocks rising, five declining and five remaining unchanged.
GraceKennedy popped 29 cents to close at $4.49, with 550 units changing hands, Guardian Holdings climbed 16 cents in closing at $27.15, with 7,445 stocks crossing the exchange, JMMB Group ended at $1.92, with 66,001 units clearing the market. Massy Holdings remained at $4.50 after an exchange of 469,121 shares, NCB Financial rose 5 cents in closing at $4.56 with 34,000 stock units changing hands, Prestige Holdings gained 17 cents to $6.27 after a transfer of 1,190 stocks. Republic Financial popped 1 cent to $139 in trading 4,830 stocks, Scotiabank shed 9 cents to close at $78.30 as 1,564 units passed through the market, Trinidad & Tobago NGL dropped 29 cents to end at $23.21 with a transfer of 4,240 shares. Trinidad Cement remained at $3.90 in an exchange of 1,000 stock units and Unilever Caribbean fell 1 cent in closing at $12.89 after 3,917 units were traded.
Investors traded 494,036 shares for $6,344,529 versus 740,203 stocks at $16,479,131 on Wednesday.
Massy Holdings closed trading at $4.50, with 193,700 shares changing hands, National Enterprises advanced 13 cents to close at $3.40 with a transfer of 27,126 stock units, National Flour Mills dipped 10 cents to $1.50 with 12,880 stocks clearing the market. NCB Financial declined 4 cents to $4.51 as 76,190 units passed through the market, Point Lisas gained 31 cents in ending at $3.50 while exchanging 362 shares, Republic Financial lost 1 cent to close at $138.99 with an exchange of 2,070 stock units. Scotiabank ended at $78.39 after 6,740 stocks were traded, Trinidad & Tobago NGL fell 47 cents to $23.50 with investors transferring 20,483 units, Trinidad Cement ended at $3.90, with 12,500 shares crossing the exchange. Unilever Caribbean rallied 1 cent to $12.90 with the swapping of 1,000 stocks and West Indian Tobacco shed $1 to close at a 52 weeks’ low of $21 in exchanging 2,000 stock units.
The Composite Index climbed 20.41 points to 1,351.20, the All T&T Index jumped 38.67 points to 2,039.80 and the Cross-Listed Index popped 0.12 points to settle at 85.99.
JMMB Group dipped 4 cents to $1.91 with 1,050 stocks changing hands, L.J. Williams B share shed 40 cents in ending at $2.35, with 554 units crossing the exchange, Massy Holdings ended at $4.50 with a transfer of 7,798 shares. National Enterprises ended at $3.27 after exchanging 180,000 stock units, National Flour Mills ended at $1.60 with the swapping of 10 shares, NCB Financial slipped 1 cent to close at $4.55 with investors transferring 4,530 units. One Caribbean Media fell 39 cents to a 52 weeks’ low of $3.30 with an exchange of 300 stocks, Point Lisas shed 31 cents in closing at $3.19, with 306 units crossing the market, Prestige Holdings dipped 50 cents in ending at $6.10 after an exchange of 1,510 stocks. Republic Financial popped $2.60 to close at $139 as investors exchanged 203 shares, Scotiabank advanced 20 cents to end at $78.39 in trading 25,884 stock units, Trinidad & Tobago NGL rallied $1.77 to a 52 weeks’ high of $23.97 as 82,590 stock units passed through the market. Unilever Caribbean remained at $12.89 with an exchange of 626 stocks and West Indian Tobacco remained at $22 after 88,043 units crossed the market.
The Junior Market Iron Rock Insurance popped 31 percent to $2.35, General Accident gained 13 percent to $5, followed by Dolphin Cove with an 11 percent rise to $14.78 and a 5 percent increase for Caribbean Cream to $3.35. Medical Disposables fell 5 percent to $4.90 and Lasco Distributors slipped 4 percent to $2.71.
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 14.4, while the Junior Market Top 10 PE sits at 6.1 versus the market at 12.6, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 232 percent and the Main Market TOP10 by an average of 265 percent to May 2023.
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.