Stocks give way in Trinidad

Market activity resulted in an increase in the number of active securities on Tuesday and ended with more stocks falling than rising at the close, with the market declining after trading 29 percent fewer shares, with 63 percent less value than on Monday at the close of trading on the Trinidad and Tobago Stock Exchange.
Twenty two securities traded, up from 20 on Monday, with prices of seven risings, nine declining and six ending unchanged.
The Composite Index dipped 2.18 points to 1,427.91, the All T&T Index spiked 5.19 points to close at 1,932.75 and the Cross-Listed Index declined 1.41 points to settle at 124.42.
A total of 247,225 shares traded for $1,433,385 on Tuesday, down from 349,908 units at $3,861,485 on Monday.
An average of 11,238 units traded at $65,154 compared to 17,495 shares at $193,074 on Monday, with trading month to date averaging 24,392 units at $372,081 versus 25,588 units at $399,983. The average trade for August amounts to 16,186 units at $226,311.
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, Agostini’s ended at $24.40, with 90 shares crossing the exchange, Ansa McAl rose 1 cent to $57.01 after exchanging 2,000 stock units, Ansa Merchant Bank fell $1.08 to $40.41 while trading 2,380 stocks. Clico Investment Fund remained at $26.57 with the swapping of 916 units, First Citizens Bank traded 2,200 units at $50.50, GraceKennedy lost 5 cents to close at $6.25 after trading 2,560 shares. Guardian Holdings popped 6 cents to $32.81 in exchanging 1,668 stock units, Guardian Media shed 46 cents to end at a 52 weeks’ low of $2.64 after an exchange of 600 stocks, JMMB Group remained at $2.22 in switching ownership of 107,035 stocks. Massy Holdings popped 10 cents to $82.10 with an exchange of 500 stock units, National Enterprises declined 5 cents in closing at $3.25 after trading 3,443 units, National Flour Mills remained unchanged at $1.90, with 4,152 shares crossing the market. NCB Financial Group dropped 8 cents to $8.17 after 4,250 units changed hands, One Caribbean Media rallied 4 cents to end at $4.30, with 2,600 stocks crossing the exchange, Point Lisas declined 15 cents to $3.05, with 2,050 stock units trading. Prestige Holdings dropped 38 cents in ending at $7 in trading 1,000 shares, Republic Financial Holdings advanced $2.55 to $138 with an exchange of 213 units, Scotiabank lost 50 cents to close at $61 in trading 817 stocks. Trinidad & Tobago NGL increased 1 cent to $17.01 after 3,411 stock units changed hands, Trinidad Cement gained 10 cents in closing at $4, with 101,620 shares crossing the exchange, Unilever Caribbean shed 18 cents in closing at $16.22 after trading 10 units and West Indian Tobacco remained at $30.99 in switching ownership of 3,710 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

NCB sold US$874 million short

The US dollar peaked against the Jamaican currency in July as reflected in Bank of Nova Scotia selling the currency at the highest rate since June at an average of J$157.3698 on July 29 and Citibank selling at an average of US$157.8402. Last Friday, Bank of Nova Scotia sold the US dollar at an average of J$150.3714 and Citibank at $149.08. The indications are that these rates are likely to decline further, with more net selling by National Commercial Bank as the Jamaican dollar goes through one of its frequent yearly swings, in response to demand and supply of the US dollars.

NCB Financial Montego Bay branch

NCB sold off more than twice the amount of US dollars they purchased into the foreign exchange market, since the beginning of June this year up to Friday last week, with the bank selling US$1,298,524,926 or US$874,064,897 more than the US$424,460,029 purchased from the public. In 2020, NCB sold $900 million US dollars more than they purchased.
Data show that net purchases by NCB took place on only 3 days since the start of August. NCB net sales would include the sale of US dollars that emanated from the conversion of the surplus of other currencies into US dollars. The net position reflects a definitive selling short by NCB, with demand for US dollars waning one source informed ICInsider.com and the view that the situation won’t change before December when demand is expected to dip further and supplies increase.
In contrast to the actions of NCB, Bank of Nova Scotia the second largest foreign exchange trader bought US$511,485,130 and sold US$507,936,088 between the beginning of June and Last Friday, data from Bank of Jamaica shows.
Other developments in the foreign exchange market that could have a marked impact on liquidity are the continuing growth in remittance inflows in 2021 over the record 2020 flows. Bank of Jamaica draining of liquidity in the financial system has led to increasing interest rates on BOJ CDS from under one percent a few weeks ago to nearly two percent this week. Recovery in visitor arrival, with August arrivals approaching 80 percent of arrivals in 2019 and well over that of 2020. Increased exports earnings and of course increased imports cost.

Rising T&T stocks beat out decliners

Market activity ended on Monday, resulting in more stocks rising than falling at the close of trading, with the market declining after trading 35 percent fewer shares, with 34 percent less value than on Friday, on the Trinidad and Tobago Stock Exchange.
At the close, 20 securities traded up from 16 on Friday, with five stocks rising, three declining and 12 ending unchanged.
The Composite Index popped 5.82 points to 1,430.09, the All T&T Index fell 2.55 points to close at 1,927.56 and the Cross-Listed Index climbed 2.07 points to settle at 125.83.
A total of, 349,908 shares traded for $3,861,485 from 542,289 units at $5,864,938 on Friday.
An average of 17,495 units traded at $193,074, compared to 33,893 at $366,559 on Friday, with trading month to date averaging 25,588 units at $399,983 versus 26,317 units at $418,624. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows four stocks that ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s lost 10 cents to close at $24.40, trading 2,000 shares, Angostura Holdings remained at $17.10 with the swapping of 600 stock units, Ansa McAl ended at $57 with an exchange of 10,716 stocks. Calypso Macro Investment Fund shed 30 cents to $16.20, with 50 units clearing the market, Clico Investment Fund rose 7 cents to $26.57 after 4,094 units crossed the market, First Citizens Bank traded 790 shares at $50.50. GraceKennedy popped 5 cents in closing at $6.30 after an exchange of 1,680 stocks, Guardian Holdings closed at $32.75 while exchanging 206 stock units, Guardian Media remained at $3.10, with 385 units changing hands. JMMB Group popped 2 cents to $2.22 in an exchange of 63,500 stocks, Massy Holdings traded 615 stock units at $82, National Enterprises ended at $3.30 after 11,315 shares changed hands. NCB Financial Group advanced 24 cents to $8.25 after exchanging 235,375 stock units, One Caribbean Media dropped 60 cents to $4.26 in switching ownership of 1,000 stocks, Republic Financial Holdings remained at $135.45 after exchanging 4,491 shares. Scotiabank traded just two shares at $61.50, Trinidad & Tobago NGL close unmoved at $17 in exchanging 6,414 units, Trinidad Cement traded 2,000 shares at $3.90. Unilever Caribbean climbed 18 cents to close at $16.40 in trading 1,230 stock units and West Indian Tobacco remained at $30.99 with an exchange of 3,445 shares.

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

Declining TT stocks hold upper hand

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Market activity ended on Friday, resulting in declining stocks overwhelming the sole stock that rose at the close of trading, after trading marginally more shares, with a 63 percent increase in value than on Thursday, at the close of the Trinidad and Tobago Stock Exchange.
Sixteen securities traded compared to 20 on Thursday, with one stock rising, seven declining and eight remaining unchanged. The Composite Index popped 3.29 points to 1,424.27, the All T&T Index advanced 7.16 points to 1,930.11 and the Cross-Listed Index dipped 0.12 points to settle at 123.76.
A total of, 542,289 shares traded, for $5,864,938 compared to 539,983 units at $3,609,797 on Thursday. An average of 33,893 units traded at $366,559, up from 26,999 shares at $180,490 on Thursday, and trading month to date averaging 26,317 units at $418,624 versus 25,851 units at $422,667. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one stock with a lower offer.
At the close, Agostini’s dropped 5 cents to close at $24.50 after trading 5,312 shares, Ansa McAl remained at $57 with the swapping of 1,490 stock units, Clico Investment Fund shed 1 cent in closing at $26.50, with 38,472 units crossing the market. First Citizens Bank closed at $50.50 after 945 stocks crossed the market, FirstCaribbean International Bank remained at $6.60 in trading 2,775 stocks, GraceKennedy traded 15,510 stock units at $6.25. Guardian Holdings fell 20 cents in closing at $32.75, with 3,391 units crossing the exchange, Guardian Media finished at $3.10, with 197,915 shares changing hands, JMMB Group declined 2 cents to $2.20 after exchanging 434 shares. Massy Holdings lost 3 cents in ending at $82 after an exchange of 27,342 stock units, NCB Financial Group remained $8.01 in switching ownership of 40,000 units, Republic Financial Holdings dropped 1 cent to $135.45 in 877 stocks changing hands. Scotiabank gained $1.50 to close at $61.50 while exchanging 925 shares, Trinidad & Tobago NGL ended at $17 trading 2,913 stocks, Trinidad Cement fell 6 cents to $3.90 with an exchange of 198,343 stock units and West Indian Tobacco closed at $30.99 after 5,645 units traded.

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

Rising stocks beat decliners in falling market

Price changes on Thursday showed rising stocks outpacing those declining by a wide margin, resulting in the market slipping after trading 244 percent more shares, with 39 percent less value than on Wednesday, to close out trading on the Trinidad and Tobago Stock Exchange.
The number of stocks trading surged to 20 securities from 13 on Wednesday, and ended, with six stocks rising, two declining and 12 remaining unchanged. The Composite Index lost 3.61 points to end at 1,420.98 the All T&T Index fell 5.98 points to 1,922.95 and the Cross-Listed Index slipped 0.15 points to 123.88.
A total of 539,983 shares traded for $3,609,797 compared to 157,193 units at $5,915,032 on Wednesday.
An average of 26,999 units traded at $180,49  compared to 12,092 at $455,002 on Wednesday, with trading month to date averaging 25,729 units at $422,667 versus 25,592 units at $448,708. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Angostura Holdings had an exchange of 3,408 shares at $17.10, Ansa Merchant Bank rallied 49 cents to $41.49, with 620 units clearing the market, Clico Investment Fund ended at $26.51 after an exchange of 4,200 stocks. Endeavour Holdings remained at $7.01 in switching ownership of 744 stock units, First Citizens Bank rose 19 cents to $50.50 in an exchange of 2,511 units, FirstCaribbean International Bank traded 280 shares at $6.60. GraceKennedy dropped 5 cents to close at $6.25 in exchanging 14,190 stocks, Guardian Holdings exchanged 9,566 stock units at $32.95, Guardian Media remained at $3.10, with 302,095 stocks crossing the market. JMMB Group traded 123,000 units at $2.22, Massy Holdings declined $2.87 to $82.03 in trading 1,110 stock units, National Enterprises advanced 5 cents to $3.30 while exchanging 361 shares. National Flour Mills ended at $1.90, with 550 units changing hands, NCB Financial Group ended at $8.01 after exchanging 30,592 stock units, One Caribbean Media traded 205 shares at $4.86. Republic Financial Holdings popped 1 cent to 135.46, with 1,849 stock changing hands, Scotiabank spiked $1 to $60 in an exchange of 9,150 shares, Trinidad & Tobago NGL traded 19,518 stock units at $17. Trinidad Cement popped 6 cents to $3.96 in switching ownership of 10,800 stocks and West Indian Tobacco traded 5,234 units at $30.99.

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

Modest price changes in Trinidad

Market activity ended on Tuesday, resulting in an equal number of stocks rising and falling at the close of trading, with the market declining after trading 39 percent fewer shares, at 19 percent greater value than on Monday, on the Trinidad and Tobago Stock Exchange.
At the close, 13 securities traded compared to 14 on Monday, with three rising, three declining and seven ending unchanged. The Composite Index fell 1.05 points to 1,419.70, the All T&T Index fell 0.42 points to close at 1,920.27 and the Cross-Listed Index lost 0.24 points to settle at 123.91.
A total of, 479,284 shares traded for $22,643,326 compared to 781,483 units at $19,006,735 on Monday. An average of 36,868 units traded at $1,741,794 compared to 55,820 at $1,357,624 on Monday, with trading month to date averaging 26,607 units at $448,235 versus 25,773 units at $343,133. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows two stocks ended with the bid higher than their last selling prices and two stocks with lower offers.
At the close, Angostura Holdings remained at $17.10, with 16 shares crossing the market, Clico Investment Fund traded 4,294 units at $26.80, Endeavour Holdings ended at $7.01 in an exchange of 2,796 stocks. First Citizens Bank gained 4 cents to close at $50.35 after with 800 stock units cleared the market, FirstCaribbean International Bank dropped 5 cents to $6.60 in exchanging 15,050 stocks, JMMB Group close at $2.22, with 19,000 shares changing hands. L.J. Williams B share advanced 15 cents to $1.50 while exchanging 150 units, Massy Holdings remained at $82.02, with 100,585 stock units changing hands, NCB Financial Group traded 1,000 shares at $8.01. Republic Financial Holdings fell 1 cent to $135.45 after exchanging 20 stock units, Scotiabank finished trading 230,769 units at $59, Trinidad & Tobago NGL rallied 1 cent to $16.50 with the swapping of 3,001 shares and Trinidad Cement declined 1 cent to $3.90 after trading 101,803 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mixed weekly start for T&TSE

Market activity ended on Monday, after trading 439 percent more shares, with 486 percent greater value than on Friday, resulting in more stocks rising than falling, with the market declining the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 14 securities traded compared to 16 on Friday, with five stocks rising, three declining and six remaining unchanged.
The Composite Index fell 4.84 points to 1,420.75, the All T&T Index rose 2.45 points to 1,920.69 and the Cross-Listed Index fell 1.77 points to close at 124.15.
A total of, 781,483 shares traded, for $19,006,735 up strongly from 144,939 units at $3,242,385 on Friday. An average of 55,820 units traded at $1,357,624 compared to 9,059 shares at $202,649 on Friday and month to date averages 25,773 units at $343,133 versus 22,892 units at $245,853. The average trade for August ended at 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s rose $1.39 to $24.40, trading 116 shares, Angostura Holdings remained at $17.10 with an exchange of 598 stock units, Clico Investment Fund traded 855 stocks at $26.80. First Citizens Bank popped 1 cent to $50.31 in an exchange of 854 units, GraceKennedy edged 1 cent higher to $6.26, with 491,867 units crossing the market, JMMB Group remained at $2.22 after 52,650 stock units crossed the market. Massy Holdings lost 8 cents to end at $82.02 after clearing the market of 100,375 shares, NCB Financial Group declined 24 cents to $8.01, with 2,628 stocks changing hands, Republic Financial Holdings popped 1 cent to $135.46 in exchanging 195 shares. Scotiabank fell 2 cents to $59 with the swapping of 123,818 units, Trinidad & Tobago NGL increased 4 cents to $16.49 in trading 4,591 stocks, Trinidad Cement remained at $3.91 trading 2,700 stock units. Unilever Caribbean had a switch in ownership of 148 units at $16.40 and West Indian Tobacco remained at $31 while exchanging 88 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

TTSE in consolidation mood

Market activity ended on Friday, with an equal number of stocks rising and falling, with the market closing mixed after trading 84 percent more shares fewer, with 39 percent less value than on Thursday, as the Trinidad and Tobago Stock Exchange ended the week moderately down from the close of last week.
Sixteen securities traded versus 19 on Thursday, with prices of three stocks rising, three declining and 10 remaining unchanged. The Composite Index rose 1.66 points to 1,425.59, the All T&T Index lost 1.15 points to finish at 1,918.24 and the Cross-Listed Index popped 0.65 points to settle at 125.92.
A total of, 144,939 shares traded, for $3,242,385, down from 881,557 units at $5,326,432 on Thursday. An average of 9,059 units traded at $202,649 compared to 46,398 shares at $280,402 on Thursday, with the month to date averaging 22,892 units at $245,853 versus 24,594 units at $251,171. The average trade for August amounts to 16,186 units at $226,311.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s dropped $1.39 to $23.01, after trading 1,00 shares, Angostura Holdings popped 25 cents to $17.10 after exchanging 113 stock units, Ansa Mcal remained at $57 with an exchange of 19,042 units. Ansa Merchant Bank closed at $41, with 329 stocks crossing the exchange, Clico Investment Fund remained at $26.80 trading 11,939 units, First Citizens Bank traded 1,000 stock units at $50.30. GraceKennedy closed at $6.25 in exchanging 40,237 shares, Guardian Holdings ended at $32.95, after 10,000 stocks changed hands, JMMB Group advanced 11 cents to $2.22, with 23,100 stock units crossing the market. Massy Holdings climbed 5 cents to $82.10 after swapping 500 shares, Republic Financial Holdings slipped 1 cent to $135.45 while exchanging 2,414 units, Scotiabank remained at $59.02, with 3,333 stocks clearing the market. Trinidad & Tobago NGL lost 5 cents to end at $16.45, with 26,636 units changing hands, Trinidad Cement closed at $3.91 in an exchange of 1,847 stock units, Unilever Caribbean traded 148 stocks at $16.40 and West Indian Tobacco remained at $31 in switching ownership of 3,301 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on T&T exchange

Market activity ended on Wednesday after more stocks rose than declined, and a burst in trading with 364 percent more shares, valued 75 percent more than on Tuesday, on the Trinidad and Tobago Stock Exchange.
At the close, 17 securities traded compared to 16 on Tuesday, with six stocks rising, four declining and seven remaining unchanged. The Composite Index declined 0.45 points to 1,426.41, the All T&T Index popped 0.23 points to settle at 1,922.61 and the Cross-Listed Index fell 0.16 points to 125.51.
Overall, 1,254,220 shares traded at $8,445,127, up from 270,850 units at $4,829,771 on Tuesday. An average of 73,778 units traded at $496,772 compared to 16,928 shares at $311,861 on Tuesday, with trading month to date averaging 20,862 units at $246,167 versus 11,293 units at $200,845. The average trade for August amounts to 16,186 units at $226,311.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s traded 677 shares at $24.40, Angostura Holdings climbed 30 cents to $16.85 50 stocks crossing the exchange, Clico Investment Fund gained $1.29 in closing at $26.80 in an exchange of 4,832 units. First Citizens Bank popped 5 cents to $50.31 after trading 1,662 stock units, GraceKennedy fell 4 cents to $6.25 in exchanging 802,472 shares, Guardian Holdings remained at $33 after trading 4 units. Guardian Media ended at $3.10 in trading 101,000 stocks, JMMB Group rallied 2 cents to $2.15 in switching ownership of 28,853 stock units, Massy Holdings declined 8 cents to $82.02 while exchanging 4,184 units. National Enterprises lost 1 cent to end at $3.40 with an exchange of 9,757 shares, NCB Financial Group closed at $8.25 in exchanging 252,467 stocks, One Caribbean Media remained at $4.86 after 34,903 stock units crossed the market. Point Lisas ended at $3.20 after trading 54 shares, Scotiabank advanced 2 cents to $59.02, with 1,021 stock units changing hands, Trinidad & Tobago NGL dropped 80 cents to close at $16.50 with the swapping of 5,622 stocks. Trinidad Cement popped 10 cents to $4 after exchanging 5,449 units and Unilever Caribbean held at $16.40, with 1,213 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading rises on TTSE on Wednesday

Market activity resumed after the independence holiday and ended on Wednesday, with an even number of stocks rising and falling and the market declining after trading 80 percent more shares, with 9 percent higher value than on Monday, at the close of the Trinidad and Tobago Stock Exchange.
At the close, 22 securities traded compared to 20 on Monday, with six stocks rising, six declining and 10 remaining unchanged. The Composite Index fell 1.59 points to 1,430.24, the All T&T Index dipped 5.40 points to 1,929.51 and the Cross-Listed Index gained 0.35 points to settle at 125.58.
A total of, 323,675 shares traded, for $4,515,314 compared to 180,164 units at $4,129,217 on Monday.
An average of 14,713 units traded at $205,378 compared to 9,008 at $206,461 on Monday. The average trade for August was 16,186 units at $226,311.
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 had an exchange of 4,188 shares at $24.40, Ansa Mcal fell $1.99 to close at $57, with 154 stocks crossing the exchange, Ansa Merchant Bank ended at $41.04 with an exchange of 45 units. Calypso Macro Investment Fund rallied 30 cents to $16.50, with 1,198 stock units changing hands, Clico Investment Fund declined 15 cents to $26.80 after trading 14,401 units, Endeavour Holdings remained at $7.01 after exchanging 430 shares. First Citizens Bank increased 10 cents to $50.60, with 80 stock units changing hands, FirstCaribbean International Bank traded 140,772 stocks at $6.65, GraceKennedy rose 9 cents to $6.30 in switching ownership of 572 units. Guardian Holdings shed 5 cents in closing at $32.90 in trading 26,641 shares, Guardian Media remained at $3.03 with the swapping of 1,633 stock units, JMMB Group slipped 1 cent to $2.15 while exchanging 18 stocks. L.J. Williams B share remained at $1.35 while trading 700 stock units, National Flour Mills rose 1 cent to $1.81 after 4,676 units crossed the market, NCB Financial Group popped 2 cents to $8.25 in exchanging 110,667 shares. One Caribbean Media spiked 62 cents to $4.88 in an exchange of 1,000 stock, Point Lisas remained at $3.20 in trading 1,000 shares, Republic Financial Holdings dipped 1 cent to $135.45 with 8,198 stocks clearing the market. Scotiabank remained at $59.49 while exchanging 21 units, Trinidad & Tobago NGL declined 6 cents to $17.66 with the swapping of 5,979 stock units, Unilever Caribbean remained at $16.40 with an exchange of 737 stocks and West Indian Tobacco ended at $31.50 in exchanging 565 units.

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