
Massy stock price recovers on Wednesday from Tuesday’s drop.
Only 10 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday, compared to 15 on Tuesday, with 2 advancing, 1 declining and 7 remaining unchanged, leading to a rise in market indices.
The market closed, as 342,323 shares changed hands, at a value of $4,812,950, compared to Tuesday’s trades of 218,112 valued at $3,234,221. At the close, the Composite Index inched up 0.43 points to 1,206.72, the All T&T Index gained just 0.85 points to 1,790.04 and the Cross Listed Index closed at 83.52.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Massy Holdings recovered 49 of the 48 cents it lost on Tuesday to close at $49.99, in exchanging just 20 shares and NCB Financial Group closed at $4.06, rising 1 cent with 24,500 shares trading.
Losses| West Indian Tobacco lost 4 cents to close at a 52 weeks’ low of $125.90, with an exchange of 13,136 units valued at $1,653,788.
Firm Trades| First Caribbean International traded 203,000 shares at $7.60, valued at $1,542,800,
First Citizens exchanged 24,979 shares at $31.64, valued at $790,127, JMMB Group closed at $1.25, with 410 units changing hands. National Enterprises held firm at $10.49, with 2,000 shares, Republic Financial Holdings closed at $101.90 while exchanging 3,152 shares valued at $321,189, Trinidad Cement remained at $4.14 trading 66,136 shares and Trinidad & Tobago NGL closed at $21.90 with 4,990 units switching owners.
Investors’ sentiment in the Trinidad & Tobago Stock Exchange remains weak, with just 2 stocks advancing, 6 falling and 7 remaining unchanged, at the close of trading on Tuesday. The Investor’s Choice bid-offer Indicator confirms the weakness, with just 1 stock with a bid that is higher than the last selling price and 8 with lower offers, at the end of trading.
Enterprises was down 1 cent, closing at $10.49, with 8,000 shares changing hands, Sagicor Financial closed at $8, with a loss of 1 cent trading 85,520 shares valued at $684,246 and Trinidad Cement lost 1 cent to close at $4.14, with an exchange of 11,358 shares.
Falling prices had the upper hand in trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 3 stocks advancing, 4 declining and 7 holding firm as 14 securities changed hands, the same as on Monday, leading to a fall in all market indices.
Losses| Clico Investment lost 1 cent to close at $22.50 exchanging 52,200 shares valued at $1,174,548, First Caribbean International traded 10 cents lower to close at $7.60 exchanging 2,500 shares, Guardian Holdings lost 1 cent, to end at $16.09 with 2,159 shares changing hands and Unilever Caribbean closed at a 52 weeks’ low of $51.25, with a loss of 75 cents trading 40,000 shares valued at $2,050,000.
One Caribbean Media dominated market activity Trinidad & Tobago Stock Exchange on Monday with 91 percent of both the 1,204,518 units traded and the value of $18,120,647 traded. Monday’s trading compared to Friday’s 2,080,937 units valued at $4,909,138.
Scotia Investments closed at $2, with gains of 4 cents trading 1,000 units.
West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $125.94, with 8,950 shares changing hands valued at $1,127,163.
Trading on the Trinidad & Tobago Stock Exchange picked up over Tuesday’s levels and closed on Wednesday with 13 securities being exchanged compared to only 7 on Tuesday.
Losses| NCB Financial Group traded 6 cents lower to close at $4, with an exchange of 102,626 shares valued at $410,925, Sagicor Financial closed at $8.50, losing 39 cents trading 1,308 shares and Trinidad Cement exchanged 33,864 units at $4.14, with a loss of 1 cent.
and Scotia Investments traded 2 cents lower to close at $2.48 exchanging 8,000 units. The price is the equivalent of J$47, well above the price of $38 Scotia Group plans on offering to take over the minority shares.
Trading on the Trinidad & Tobago Stock Exchange remained subdued with moderate volume and few price changes on Monday. At the market’s close 12 securities changed hands compared to 13 on Friday, 1 stock advanced, 2 declined and 9 held firm.
Firm Trades| Berger Paints closed at $4.05 trading 200 shares, Clico Investment traded 5,080 shares at $22.51, First Caribbean International Bank closed at $7.70, with an exchange of 24,500 shares. Guardian Holdings remained at $16.20, with 29,396 shares traded at a value of $476,215, National Enterprises exchanged 150 shares at $10.50, National Flour Mills closed trading at $2.20, with 1,500 shares. Republic Financial Holdings closed at $101.90, with an exchange of 3,875 units valued at $394,862, Scotiabank remained at $58 trading 5,000 shares and Scotia Investments closed at $2.50, with 250 shares changing hands.
Firm Trades| Ansa McAL held firm at $66 trading 40,748 shares valued at $2,689,368, First Citizens traded 314 shares at $31.85, Massy Holdings closed at $50.75, with an exchange of 28,781 shares valued at $1,460,636. National Flour Mills closed at $2.20, with 1,840 shares changing hands, One Caribbean Media traded a mere 40 shares at $16, Republic Financial Holdings closed at $101.90, with trades of 59,396 shares valued at $6,052,229. Sagicor Financial exchanged 5,279 units at $8.75, Scotiabank remained at $58 trading 12,830 shares valued at $744,140 and Trinidad & Tobago NGL closed at $21.01, with an exchange of 72,404 shares valued at $1,521,208.
at $1,715,844 and Sagicor Financial traded 14 cents lower to close at $8.75 exchanging 141 shares.