Agostini’s help push Trinidad Exchange higher


The Trinidad and Tobago Stock Exchange closed higher on Friday, trading 18 securities up from 14 on Thursday and ending with prices of seven stocks rising, nine declining and two ending firm, following a big jump in Agostini’s share price and 64 percent decline in the volume of stocks traded valued 32 percent less than Thursday.

The market closed with trading of 92,455 shares with valued $603,956 compared to 258,779 stock units at $882,403 on Thursday. At close an average of 5,136 shares were traded at $33,553 compared to 18,484 units at $63,029 on Thursday, with trading month to date, averaging 25,044 shares at $171,335 compared with 26,054 stock units at $178,322 on the previous day and an average for October than ended with 39,057 shares at $305,306.

The Composite Index climbed 6.88 points to 1,059.84, the All T&T Index gained 2.91 points to 1,563.84, the SME Index remained unchanged at 88.01 and the Cross-Listed Index increased 1.56 points to close trading at 72.86.
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 of the market, Agostini’s rose $1.52 in closing at $64 crossing the market 121 shares, Angostura Holdings dipped 10 cents to $14.85 with traders dealing in 325 stocks, Calypso Macro Investment Fund fell 5 cents to end at $23.60 with 1,267 shares changing hands. CIBC Caribbean Bank climbed 25 cents and ended at $7.90 after closing with an exchange of 2,170 stock units, First Citizens Group slipped 10 cents to finish at $40.40 as investors traded 1,537 shares, GraceKennedy popped 11 cents to close at $3.70 after transferring of 14,440 stocks. Guardian Holdings advanced 11 cents to $13.75 after the trading of 5,415 units, JMMB Group lost 3 cents and ended at a 52 weeks’ low of $1.07 with an exchange of 7,110 stock units, L.J. Williams B share shed 1 cent to end at a 52 weeks’ low of 79 cents with 2,067 shares crossing the market. Massy Holdings increased 15 cents in closing at $3.84 with a transfer of 1,907 stock units, National Enterprises rallied 5 cents to finish at $2.80 after an exchange of 1,580 stocks, Prestige Holdings ended at $11.30 with investors dealing in 2,271 units. Republic Financial declined 51 cents to $112.99 after an exchange of 1,162 stocks, Scotiabank sank 55 cents and ended at $55.95 with investors trading 262 shares, Trinidad & Tobago NGL dropped 5 cents in closing at $4.65 with 6,738 stocks changing hands. Trinidad Cement remained at $2.31 after 38,600 stock units passed through the market, Unilever Caribbean sank 5 cents to $11.20 with 2,433 stocks crossing the exchange and West Indian Tobacco gained 50 cents to end at $5.50 with investors trading 3,050 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Ansa McAl & CIBC push Trinidad market higher


Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Wednesday, but the market indices jumped as Ansa McAl and CIBC Caribbean Bank rose appreciably, following a 60 percent rise in the volume of stocks traded, with a 66 percent drop in value from that on Tuesday resulting from trading of 16 securities compared with 15 on Tuesday and ending with prices of four rising, seven declining and five ending firm.

The market closed with trading of 384,442 shares valued at $2,240,253 compared with 240,875 stock units at $6,520,236 on Tuesday and ended with an average of 24,028 shares at $140,016 compared with 16,058 units at $434,682 on Tuesday. Trading for the month to date averaged 26,364 shares at $183,054 compared with 26,479 units at $185,173 on the prior day and an average of 39,057 shares at $305,306 for October.
The Composite Index rose 11.20 points to end at 1,054.64, the All T&T Index popped 9.06 points to cease trading at 1,564.58, the SME Index remained unchanged at 88.01 and the Cross-Listed Index gained 1.89 points to close at 71.24.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings skidded 5 cents to finish at $14.95 as investors exchanged 1,456 shares, Ansa McAl gained $3.77 and ended at a 52 weeks’ high of $63.57 after 13,461 stock units passed through the market, CIBC Caribbean Bank popped 40 cents to $7.65 in an exchange of 298 stocks. Endeavour Holdings sank $1 in closing at $17 with investors trading 75 stock units, First Citizens Group slipped 29 cents to close at $40.10 with 490 shares clearing the market, GraceKennedy slipped 1 cent to end at $3.59 with a transfer of 31,000 stock units. L.J. Williams B share shed 2 cents to close at a 52 weeks’ low of 80 cents with 11,000 stocks crossing the exchange, Massy Holdings ended at $3.84 in switching ownership of 68,834 units, National Enterprises lost 7 cents and ended at $2.68, with 105 shares changing hands. NCB Financial remained at $2.30 after a transfer of 188,500 stocks, Prestige Holdings climbed 29 cents to end at $11.30 with traders dealing in 153 units, Republic Financial dropped $1.50 in closing at $112.50 with 1,807 stocks passing through the market. Scotiabank rose 20 cents to $54.70 with investors trading 65 stock units, Trinidad & Tobago NGL remained at $4.65 with an exchange of 4,965 stocks, Unilever Caribbean ended at $11.15 with investors trading 756 shares and West Indian Tobacco ended at $5.55 with 1,477 stock units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Losing stocks weighted down Trinidad Exchange 


Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Tuesday, following a 217 percent rise in the volume of stocks traded, having a 93 percent greater value than on Monday and resulting in the trading of 15 securities down from 18 on Monday and ending with prices of two rising, seven declining and six ending firm.

The market closed with trading of 240,875 shares for $6,520,236 up from 75,943 stocks at $3,380,447 on Monday. An average of 16,058 shares were traded for $434,682 compared with 4,219 stock units at $187,803 on Monday, with trading month to date averaging 26,479 shares at $185,173 compared with 26,984 units at $173,098 on the previous day and an average for October that ended with 39,057 shares at $305,306.
The Composite Index shed 6.65 points to close at 1,043.44, the All T&T Index fell 14.05 points to conclude trading at 1,555.52, the SME Index remained at 88.01 and the Cross-Listed Index gained 0.18 points to wrap up trading at 69.35.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close of trading, Angostura Holdings remained at $15 after an exchange of 541 shares, Ansa McAl dipped 3 cents to close at $59.80 with investors dealing in 11,027 stocks, Calypso Macro Investment Fund rose 7 cents to $23.67 with 17 stocks crossing the market. First Citizens Group slipped 2 cents to close at $40.39 with investors trading 129,932 stock units, JMMB Group popped 2 cents in closing at $1.09 with 500 shares crossing the market, L.J. Williams B share skidded 8 cents to finish at a 52 weeks’ low of 82 cents in an exchange of 200 stocks. Massy Holdings dipped 9 cents and ended at $3.84 with investors trading 75,322 units, National Flour Mills ended at $1.70 in an exchange of 589 stock units, NCB Financial remained at $2.30 with traders dealing in 5,000 shares. Prestige Holdings slipped 29 cents to end at $11.01 after a transfer of 2,472 units, Republic Financial lost $1 in closing at $114 after 931 stocks changed hands, Scotiabank shed $1.85 to close at $a 52 weeks’ low of 54.50 in trading 1,057 stock units. Trinidad & Tobago NGL ended at $4.65 with 5,558 shares crossing the exchange, Unilever Caribbean ended at $11.15 with a transfer of 7,194 stocks and West Indian Tobacco remained at $5.55 after an exchange of 535 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops, prices rise on Trinidad Exchange

Trading dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with prices mostly climbing with the volume of stocks traded declining 43 percent valued 61 percent lower than on Tuesday resulting in the trading of 18 securities compared with 18 on Tuesday and ending with prices of nine rising, three declining and six ended firm.

The market closed with trading of 171,593 shares for $1,001,912 down from 298,974 stocks at $2,540,905 on Tuesday.
An average of 9,533 shares were traded at $55,662 compared with 16,610 stock units at $141,161 on Tuesday, with trading month to date averaging 26,971 shares valued at $158,877 compared to 28,107 units at $166,742 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index rallied 12.17 points to settle at 1,069.66, the All T&T Index increased 5.19 points to conclude trading at 1,579.34, the SME Index remained unchanged at 88.01 and the Cross-Listed Index climbed 2.75 points to end the day at 73.38.
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 of trading, Agostini’s advanced $1.45 to close at $62.45 in an exchange of 132 shares, Angostura Holdings popped 20 cents to $16 with 298 stocks clearing the market, Ansa McAl ended at $60 with a transfer of 43 shares. Ansa Merchant Bank fell $1 in closing at $40 after trading ended with an exchange of 50 stock units, CIBC Caribbean Bank remained at $8 after a transfer of 1,705 shares, Eric Solis popped 3 cents in trading just 5 shares to close at a record high of $5.25, First Citizens Group shed 1 cent to finish at $40.41 after 2,231 units were traded GraceKennedy dipped 1 cent to end at $3.64 with an exchange of 1,240 stock units, JMMB Group climbed 4 cents to close at $1.06 with 6 stock units changing hands, Massy Holdings increased 5 cents to end at $3.95 with investors trading 149,000 shares. National Enterprises rose 4 cents in closing at $2.70 in an exchange of 10,007 units, National Flour Mills ended at $1.70 with investors dealing in 410 stocks, One Caribbean Media rallied 4 cents to finish at $2.86 after exchanging 200 stock units. Prestige Holdings remained at $11.30 with investors swapping 308 shares, Republic Financial gained $1.50 in closing at $117 with an exchange of 1,818 stocks, Scotiabank ended at $56.75 with traders dealing in 50 units. Trinidad & Tobago NGL rose 5 cents and ended at $4.70 with 1,326 stock units passing through the market and Unilever Caribbean remained at $11 as investors exchanged 2,764 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Losing stocks edged out winners in Trinidad


Winning stocks were just edged out at the close of the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 16 percent and valued modestly lower than on Monday resulting in 18 securities trading as was the case on Monday and ended with prices of seven stocks rising, eight declining and three ended firm.

The market closed with trading of 298,974 shares carrying a value of $2,540,905 compared with 353,916 stocks at $2,590,819 on Monday.
An average of 16,610 shares were traded at $141,161 compared with 19,662 stock units at $143,934 on Monday, with trading month to date ending with an average of 28,107 shares at $166,742 compared with 29,056 units at $168,855 on the prior day at an average for October of 39,057 shares at $305,306.
The Composite Index climbed 8.88
points to close trading at 1,057.49, the All T&T Index skidded 0.79 points to end the day at 1,574.15, the SME Index remained unchanged at 88.01 and the Cross-Listed Index rose 2.69 points to conclude trading at 70.63.
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 of trading, Agostini’s fell $1.44 in closing at $61 after 450 shares passed through the market, Ansa McAl remained at $60 with investors dealing in 10,202 stocks, Calypso Macro Investment Fund ended at $23.67 with one stock being traded. CIBC Caribbean Bank rose 93 cents to finish at $8 with investors trading 810 stocks, First Citizens Group dipped 2 cents and ended at $40.42 after an exchange of 1,792 shares, GraceKennedy sank 3 cents to close at $3.65 in trading 2,827 stocks. Guardian Holdings advanced 80 cents to close at $14.40 with 28,785 units changing hands, JMMB Group remained at $1.02 with investors swapping 102,207 stock units, Massy Holdings popped 5 cents and ended at $3.90 after a transfer of 110,670 shares. National Enterprises dropped 4 cents to close at $2.66 as investors exchanged 700 units, One Caribbean Media gained 2 cents to end at $2.82, with 20 stocks changing hands, Prestige Holdings sank 20 cents in closing at $11.30 in an exchange of 3,680 stock units. Republic Financial rallied 50 cents to $115.50 with 4,963 shares crossing the market, Scotiabank shed 25 cents to finish at $56.75 after an exchange of 2,282 stocks, Trinidad & Tobago NGL declined 5 cents and ended at a 52 weeks’ low of $4.65 with a transfer of 23,506 units. Trinidad Cement increased 5 cents to end at $2.50 as 4,000 stock units passed through the market, Unilever Caribbean climbed 50 cents in closing at $11 with an exchange of 1,079 shares and West Indian Tobacco lost 48 cents to close at a 52 weeks’ low of $5.50 in trading 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mixed trading on Trinidad Exchange


Stocks traded mixed on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 15 percent valued 56 percent lower than on Friday resulting from activities in 18 securities down from 20 on Friday and ending with prices of five rising, six declining and seven ending firm after one stock closed at a 52 weeks’ high and two at 52 weeks’ lows.

The market closed with the trading of 353,916 shares for $2,590,819 compared to 308,604 stock units at $5,920,509 on Friday. An average of 19,662 shares were traded at $143,934 versus 15,430 units at $296,025 on Friday, with trading month to date averaging 29,056 shares at $168,855 compared with 29,902 units at $171,099 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index skidded 17.42 points to end trading at 1,048.61, the All T&T Index dropped 9.54 points to finish at 1,574.94, the SME Index remained at 88.01 and the Cross-Listed Index shed 3.62 points to settle at 67.94.
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 of the market, Ansa McAl increased 20 cents to end at a 52 weeks’ high of $60 with 378 shares crossing the market, Calypso Macro Investment Fund remained at $23.67 after an exchange of 2 stocks, CIBC Caribbean Bank slipped 93 cents in closing at $7.07 with a transfer of 253 shares. First Citizens Group popped 3 cents to finish at $40.44 with 6,868 stock units clearing the market, GraceKennedy advanced 3 cents and ended at $3.68 in switching ownership of 20,000 shares, Guardian Holdings ended at $13.60 with traders dealing in 90,446 stock units. JMMB Group remained at $1.02 after an exchange of 31,855 stocks, L.J. Williams B share ended at 90 cents with investors swapping 7,066 units, Massy Holdings lost 5 cents to finish at $3.85 with 28,290 stocks crossing the exchange. National Enterprises ended at $2.70 with the trading of 14,783 units, National Flour Mills rose 5 cents in closing at $1.70 as investors exchanged 11,724 shares, NCB Financial rallied 10 cents to end at $2.25 in the trading of 30,200 stock units. Point Lisas slipped 1 cent in closing at $3.10 after 1,000 shares passed through the market, Prestige Holdings remained at $11.50 and closed with 8 units changing hands, Republic Financial sank $2 and ended at a 52 weeks’ low of $115 after a transfer of 404 stocks. Scotiabank shed 10 cents to end at $57 with investors trading 2,690 stock units, Trinidad & Tobago NGL remained at $4.70 in an exchange of 107,394 shares and Trinidad Cement fell 16 cents to finish at a 52 weeks’ low of $2.45 with investors trading 555 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid weekly gains for Trinidad stocks


The Trinidad and Tobago Stock Exchange gained at the end of the week with the All Trinidad Index closing up 1.6 percent this past week and the Composite index rising 2.6 percent, with bank stocks leading the way followed by some other sector stocks.

The price of former FCIB now rebranded CIBC Caribbean hit a 52 weeks’ high on Friday.

The market closed with prices of 10 stocks falling and 9 rising, with some investors pouncing on some of the severely undervalued stocks.
The average PE ratio of the market is.8.3 the same as at the close of last week compared to 5.25 based on the current year’s earnings. The difference between the two graphically illustrates the level of undervalued of the market currently and by extension the upside potential ahead.
The winning stocks of note for the week are Republic Holdings with a rise of $2 to $117, CIBC Caribbean Bank gaining 94 cents to close at a 52 weeks’ high of $8, Prestige Holdings that climbed 49 cents to close at a 52 weeks’ high of $11.50, and Ansa McAl up 30 cents to $50.80.
First Citizens Bank gave back the 59 cents gained last week and ended at to $40.41, Unilever Caribbean fell 50 cents to end at $10.50, Scotiabank declined by 45 cents to $57.10 and Calypso Micro Index Fund gave up 33 cents in closing at $23.67.
Stocks that could gain more than 100 percent when the market comes back to life, include, CIBC Caribbean Bank with a possible gain now down to 200 percent, following the gains this past week, but the high level of potential supply may stifle this stock from achieving full potential, Guardian Holdings, a hugely undervalued stock, with a 500 percent potential, Republic Holdings at 115 percent, Massy Holdings at 100 percent, Trinidad Cement with 300 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.
Investors should also take note of Prestige Holdings with the potential to gain over 70 percent.

Trinidad Stock Exchange bounces on Friday


Stocks mostly rose on the Trinidad and Tobago Stock Exchange on Friday, with major market indices jumping following a 53 percent lower volume of stocks traded, with a 55 percent greater value than on Thursday and ending with 20 securities trading, up from 14 on Thursday and ending with prices of 10 rising, six declining and four ending firm.

Trading ended with 308,604 shares for $5,920,509 compared to 653,098 stocks at $3,828,080 on Thursday. Trading resulted in an average of 15,430 shares at $296,025 against 46,650 stock units at $273,434 on Thursday. Trading for the month to date averages 29,902 shares for  $171,099 compared to 31,510 units at $157,220 on the previous day and an average for October of 39,057 units at $305,306

The Composite Index increased 22.28 points to end the day at 1,066.03, the All T&T Index advanced 13.01 points to close at 1,584.48, the SME Index remained unchanged at 88.01 and the Cross-Listed Index climbed 4.51 points to close at 71.56. The 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 of trading, Agostini’s slipped 1 cent to close at $62.44 after an exchange of 161 shares, Angostura Holdings rose 30 cents to $15.80 with 15 stocks clearing the market, Ansa McAl rallied 9 cents to end at a 52 weeks’ high of $59.80 after closing with 4,833 shares that were traded. Calypso Macro Investment Fund sank 33 cents in closing at $23.67 as 15 stocks passed through the market, CIBC Caribbean Bank popped 94 cents to finish at a 52 weeks’ high of $8 with 1,345 shares changing hands, First Citizens Group slipped 2 cents to $40.41 as investors traded 1,190  units. GraceKennedy rallied 6 cents to $3.65 after a transfer of 1,200 stocks, Guardian Holdings remained at $13.60 with 218 stock units crossing the market, JMMB Group lost 2 cents in closing at $1.02 with a transfer of 54,447 shares. L.J. Williams B share dropped 3 cents to finish at a 52 weeks’ low of 90 cents with 2,934 units crossing the market, Massy Holdings popped 1 cent and ended at $3.90 with an exchange of 12,582 stocks, National Enterprises rose 1 cent to close at $2.70 after trading of 536 stock units. NCB Financial ended at $2.15 in an exchange of 171,569 shares, One Caribbean Media gained 5 cents in closing at $2.80 with investors trading 100 stocks, Prestige Holdings ended at $11.50 in an exchange of 533 units. Republic Financial rose $4 to finish at $117 with investors trading 42,244 stocks, Scotiabank climbed 6 cents to end at $57.10 after an exchange of 650 shares, Trinidad & Tobago NGL increased 29 cents to close at $4.70 in trading 9,268 stock units. Unilever Caribbean fell 50 cents to $10.50 with 4,222 stocks crossing the exchange and West Indian Tobacco remained at $5.98 with traders dealing in 542 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big jump in trading on Trinidad Exchange


Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Thursday, following a 497 percent surge in the volume of stocks traded costing 129 percent more than on Wednesday and resulting the trading of 14 securities down from 19 on Wednesday and ending with prices of five rising, two declining and seven ending firm.

The market closed with trading of 653,098 shares valued $3,828,080 compared to 109,466 stock units at $1,672,686 on Wednesday.
An average of 46,650 shares were traded at $273,434 compared with 5,761 stock units at $88,036 on Wednesday, with trading month to date averaging 31,510 shares at $157,220 compared to 30,233 units at $147,418 on the previous day and an average for October of 39,057 shares at $305,306.
The Composite Index rose 2.45 points to 1,043.75, the All T&T Index increased 5.95 points to close at 1,571.47, the SME Index remained at 88.01 and the Cross-Listed Index declined 0.18 points to 67.05.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings ended at $15.50 with a transfer of just one stock unit, Ansa McAl remained at $59.71 with 200 units crossing the market, Calypso Macro Investment Fund increased 40 cents to end at $24 with investors trading 24 shares. CIBC Caribbean Bank remained at $7.06 with 3,066 stock units changing hands, First Citizens Group popped 2 cents to finish at $40.43 with investors dealing in 1,246 shares, GraceKennedy skidded 10 cents to close at $3.59 after trading 70,841 stocks. Guardian Holdings ended at $13.60 with 1,332 units clearing the market,  JMMB Group lost 3 cents in finishing at $1.04 with investors trading 341,000 stocks, Massy Holdings gained 9 cents and ended at $3.89 in an exchange of only 329 shares. National Enterprises rose 4 cents in closing at $2.69 with 10,991 stock units being traded, NCB Financial ended at $2.15 after a transfer of 200,246 stock units, Prestige Holdings remained at $11.50 with 99 stocks passing through the exchange. Republic Financial ended at $113 with traders dealing in 22,988 units and Scotiabank climbed 2 cents to end at $57.04 after an exchange of 735 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mild weekly slippage in Trinidad stocks


The Composite Index of the Trinidad and Tobago Stock Exchange closed lower for the week, at the same time that the All Trinidad Index slipped just over 5 point, with prices of 9 stocks falling and 7 rising.

The majority of stocks remain attractively prices at the close of the week with big upside gains ahead.
The average PE ratio of the market is.8.3 versus 9.8 last week compared to 5.3 based on the current year’s earnings. The huge difference between the two shows the undervalued level of the market currently is and the extent of the upside that lies ahead.
The only winning stocks of note for the week are Republic Holdings with a rise of $3 to $115, First Citizens Bank up 59 cents to $41 and Prestige Holdings gaining 51 cents to close at a 52 weeks’ high of $11.01
Ansa Merchant Bank fell 19 cents to $59.50, Scotiabank fell 95 cents to $57.55, Ansa McAl declined by 50 cents to $59.50 and LJ Williams B shares fell 34 cents to 93 cents.
Stocks that could gain more than 100 percent when the market comes back to life, include, CIBC Caribbean Bank with a possible gain of 250 percent, but the high level of potential supply may stifle this stock from achieving full potential, Guardian Holdings at 500 percent, Republic Holdings at 115 percent, Massy Holdings at 110 percent, Trinidad Cement with 300 percent, Eric Solis 400 percent and One Caribbean Media with 300 percent.