The Trinidad & Tobago Stock Exchange closed on Thursday with 16 securities changing hands compared to just 11 on Wednesday, as the market closed with mixed results as almost an equal number of stocks gained as lost.
Market activity resulted in 5 stocks advancing, 4 declining and 7 left unchanged as 636,867 shares traded at a value of $4,568,685 compared to Wednesday’s trades of 239,293 valued at $1,003,289.
The Composite Index lost 0.20 points to 1,294.98, the All T&T Index gained 1.34 points to 1,753.89 and the Cross Listed Index was down 0.24 points to 112.75.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are First Citizens with a gain of 1 cent, closing at $31.81 with 500 units exchanged, First Caribbean International Bank traded 25 cents higher to a 52 weeks’ high of $9.25 with 17,063 shares. Guardian Holdings advanced 50 cents to $15.50 with 47,810 units valued at $729,085, JMMB Group gained 5 cents to $2.20 trading 353,676 shares valued at $757,834 and Trinidad & Tobago NGL closed at $23.58, rising 3 cents while exchanging 7,500 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Ansa McAL with a loss of 3 cents, settling at $63 in trading 21,434 shares valued at $1,350,342, Clico Investment sliding 20 cents, in closing at $21.80 exchanging 200 units, 
Republic Financial Holdings lost 1 cent, ending at $101.75 trading 19 stock units and Sagicor Financial closed at $7.95, losing 1 cent with trades of 63,620 shares valued at $505,799.
Firm Trades| The last traded prices of securities closing unchanged and the volumes exchanged are Angostura Holdings traded 17,100 shares at $15.05, Grace Kennedy trading at $3 with 70,778 shares. Massy Holdings closed at $49.50 exchanging 3,025 shares, National Enterprises traded 250 units at $9.75. National Flour Mills closed at $1.95 with 1,000 units, One Caribbean Media settled at $14 exchanging 2,000 shares and Scotiabank closed at $58.50 trading 304 stock units.
5 stocks up 4 down on TTSE
Trading fairly steady on TTSE – Monday
JMMB Group trades at a 52 weeks’ high on TTSE.
Trading on the Trinidad & Tobago Stock Exchange on Monday closed with 13 securities changing hands, the same number as on Friday, as JMMB Group stock price closed at a 52 weeks’ high and National Flour Mills closed at a 52 weeks’ low.
Market activity resulted in 3 stocks advancing, 3 declining and 7 holding firm as 282,381 shares traded at a value of $2,414,741 compared to Friday’s trades of 360,606 valued at $6,717,397.
The Composite Index lost 0.21 points to 1,289.05, the All T&T Index declined by 1.07 points to 1,752.48 but the Cross Listed Index rose 0.09 points to 111.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| At the close of trading on Monday strong>First Citizens gained 11 cents with the last traded price ending at $31.91 as 12,038 shares valued at $382,819 changed hands, JMMB Group closed 13 cents higher at a 52 weeks’ high of $2.20 with 58,315 shares trading and Trinidad & Tobago NGL rose 5 cents and closed at $23.55 exchanging 3,100 shares.
Losses| The securities declining at the last price for the day are Clico Investment trading 16,457 shares valued at $345,708 and lost 4 cents in closing at $21, 
National Flour Mills fell 4 cents and closed at a 52 weeks’ low of $1.95 trading 53,012 shares and Republic Financial Holdings settled at $101.76, losing 13 cents with 3,465 shares valued at $345,708 trading.
Firm Trades| Securities traded unchanged at the close of the market are,Angostura Holdings exchanging 2,180 shares at $15.05, Grace Kennedy closing at $2.95 with 70,213 shares traded, National Enterprises closed at $9.75 with 500 units. One Caribbean Media closed at $14 with 47,046 shares valued at $658,644 changing hands, Prestige Holdings closed at $10.75 in exchanging 1,045 units, Sagicor Financial traded 15,000 shares at $8 and Scotiabank remained at $58.50 with 10 units being traded.
TTSE indices’ gains mask deeper problems
Market activity on the Trinidad & Tobago Stock Exchange, resulted in 6 stocks advancing, 3 declining and 9 unchanged, but this positive move belies a deeper problem awaiting a market, that continues to struggle within a sick economy.
The Composite Index gained 1.30 points to 1,289.94, the All T&T Index rose 1.52 points to 1,756.40 and the Cross Listed Index added 1.52 points to close at 111.02.
IC bid-offer Indicator| The Investor’s Choice bid-offer while indicating weaknesses in the market with 3 stocks with bids higher than last selling prices and 5 with lower offers does not tell the full story of the weakness in the market. The deeper problem is the large variance between some of the stocks offered for sale compared to the last price the stock traded at. West Indian Tobacco is set to make a big negative dent in the market index when next it traded as it is offered at $5 lower than the last price it traded at, with 1,796 shares offered at $116. The closest bid to buy is at $106.25 for only 16 shares. National Enterprises offer is 20 cents lower than the last trade. Calypso Macro Fund is offer for 90 cents less than the last trade, at $21.04 and Mora Ven Holdings
This graph tell the story that Unilever shares are set for a steep fall going forward.
is offered at $1.49 below the last trade at $14.49. Unilever Caribbean is also very weak with 40,863 shares offered for sale at $38.75 but buyers are down at $35 for just 310 units. Unilever reported profit of $3 million for the June quarter or 11 cents per share and $6.8 million for the half year suggesting profit around 60 cents for the full year and is now priced at a PE ratio of 64 times earnings, the clearest indication of a huge fall in the price to come.
At the close of trading the number of securities trading climbed to 18 on Thursday compared to 15 on Wednesday, leading to 458,073 shares trading at a value of $5,509,500 compared to Wednesday’s trades of 350,612 valued at $4,377,442.
Gains| At the close of market activities, Ansa McAL traded 20,500 shares valued at $1,292,100 and gained 8 cents, to close at $63.03, Clico Investment traded 20 cents higher, closing at $21.20 with 87,039 shares valued at $1,831,429, Massy Holdings ended at $49.50, gaining 1 cent with 11,979 shares valued at $592,958. National Flour Mills closed at $1.99, rising 4 cents while trading 6,000 shares, Scotiabank advanced 40 cents to $58.50 trading 1,000 units and Trinidad Cement rose 5 cents, and settled at $4 exchanging 49,601 shares.
Losses| Trading ended as, JMMB Group traded with a loss of 2 cents, and closed at $2.07 exchanging 188,500 shares valued at $395,789, Point Lisas lost 1 cent to close at $3.95 with 500 units and Prestige Holdings was down 1 cent to $10.75 trading 9,075 shares.
Firm Trades| The last traded prices of securities closing unchanged are Angostura Holdings that closed at $15.05 with trades of 7,541 shares, Ansa Merchant Bank exchanging 3,020 shares at $40, Grace Kennedy trading 14,778 shares at $2.95. Guardian Holdings remained at $15 with 1,204 units, One Caribbean Media closed at $14 with 350 units, Republic Financial Holdings ended at $101.76 with 81 units. Sagicor Financial traded 10,000 shares at $8, Trinidad & Tobago NGL closed at $23.49 exchanging 19,958 shares valued at $468,779 and L.J. Williams 8% preference share exchanged 42 units at $3.30.
NCB at J$122.50 in Trinidad
NCB trades at TT$6.45 or J$122.50 on the TTSE on Wednesday.
NCB Financial Group rose to a record 52-week high of $6.45 (J$122.50) after advancing 24 cents with 14,386 shares changing hands, Unilever Caribbean that suffered from major reversal of profits from 2014, tumbled to a 52-week low of $38.75 with a loss of $1.25 trading 1,200 units on the Trinidad & Tobago Stock Exchange on Wednesday.
Trading resulted in 15 securities changing hands compared to 16 on Tuesday as 3 stocks advanced, 4 declined and 8 held firm, leading to 350,612 shares trading at a value of $4,377,442, compared to Tuesday’s trades of 656,483 units valued at $7,023,258.
The Composite Index advanced 4.61 points to 1,288.64, the All T&T Index gained 0.35 points to 1,754.88 and the Cross Listed Index rose 1.22 points to close at 110.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Three stocks rose at the close of trading including Angostura Holdings that gained 5 cents closing at $15.05 with 164 units and JMMB Group rising 5 cents and ended at $2.09, exchanging 96,985 shares.
Losses| The last traded price of the securities declining are First Citizens with a loss of 1 cent, closed at $31.80 trading 15,800 shares valued at $505,147, after trading at $22. Grace Kennedy settled at $2.95, losing 5 cents with 122,197 shares valued at $360,591 and Massy Holdings was down 1 cent to $49.49 with 2,400 shares.
Firm Trades| At the close of trading are Clico Investment closed at $21 in exchanging 23,928 shares valued at $502,488, Ansa Merchant Bank exchanged 320 units at $40, First Caribbean International Bank traded 34,720 shares at $9 valued at $312,480. Guardian Holdings remained at $15 with 347 units. One Caribbean Media closed at $14 with 10,075 shares trading, Republic Financial Holdings ended at $101.76 with 17,762 shares valued at $1,807,461, Scotiabank exchanged 765 units at $58.10 and Trinidad & Tobago NGL closed at $23.49 with trades of 9,563 shares.
Mixed trading in Trinidad
Trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 16 securities changing hands compared to 13 on Monday. One Caribbean Media was the dominant trade with 70 percent of the value of securities exchanged, while NCB Financial inched 1 cent higher, to end at a closing high of $6.21.
At the close, 4 stocks advanced, 8 declined and 4 remained unchanged as 656,483 shares traded at a value of $7,023,258 compared to Monday’s trades of 327,937 valued at $2,161,206.
The Composite Index gained 1.08 points to 1,284.03, the All T&T Index declined 1.80 points to 1,754.53 and the Cross Listed Index gained 0.55 points to close at 109.65.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are JMMB Group with gains of 4 cents, closed at $2.04 trading 181,662 shares valued at $352,263, NCB Financial Group ended at a 52 weeks’ closing high of $6.21, rising 1 cent with 1,084 units, earlier the price hit a record high of $6.34 before pulling back by the close. Prestige Holdings gained 1 cent to close at $10.76 with 3,000 shares and Sagicor Financial closed 5 cents higher to $8 in exchanging 3,158 shares.
Losses| The last traded price of the securities declining and the volume changing hands are Angostura Holdings with a loss of 5 cents, ended at $15 with 450 units, Ansa McAL lost 5 cents and closed at a 52 weeks’ low of $62.95, with 6,388 shares trading valued at $402,448. 
First Citizens slipped 8 cents, settling at $31.81 while exchanging 1,042 units, Guardian Holdings lost 1 cent, closing at $15 with 2,747 shares, Massy Holdings slid 35 cents to $49.50 with 400 units changing hands. Point Lisas ended at $3.96, with a loss of 4 cents in trading 25,000 shares, Trinidad Cement declined by 5 cents to settle at $3.95 with 400 units changing hands and Trinidad & Tobago NGL close down 1 cent, to $23.49 with 6,177 shares.
Firm Trades| the securities closing with unchanged prices at the close are Clico Investment closing at $21 after exchanging 37,694 shares valued at $791,524, while Grace Kennedy traded 33,150 shares at $3, One Caribbean Media settling at $14 with 354,031 shares valued at $4,956,434 and Republic Financial Holdings exchanging 100 units at $101.76.
JMMB Group heads to new high
JMMB traded a new high on the TTSE.
JMMB Group closed at a new record high of $2.15 in Thursday’s trading on the Trinidad & Tobago Stock Exchange. Market activity ended with 17 securities changing hands compared to 12 on Wednesday with 2 stocks posting gains, 3 declining and 12 unchanged.
At the close, 328,493 shares traded at a value of $2,207,158 compared to Wednesday’s trades of 382,785 valued at $4,215,303.
The Composite Index dropped 2.51 points to 1,283.82, the All T&T Index declined by 5.64 points to 1,756.09 and the Cross Listed Index advanced 0.09 points to 109.37.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| In trading on Thursday Angostura Holdings ended with a 5 cents gain, to close at $15.05 with 1,350 units and JMMB Group surpassed the previous day’s 52 weeks’ high to close at a new high of $2.15,after rising 5 cents with 67,087 shares trading.
Losses| Securities closing with losses are Clico Investment that traded 46 cents lower to $21 while exchanging 16,680 shares valued at $350,280, Guardian Holdings dropping 50 cents, and closed at $15 with 1,713 units and 
West Indian Tobacco dropped $2 to end at a 52 weeks’ low of $121, trading only 8 units.
Firm Trades| At the close of trading First Citizens closed at $31.80 with 1,061 units, Grace Kennedy held firm at $2.95 with 2,200 shares changing hands, Massy Holdings exchanged 3,331 shares at $50, National Flour Millsclosed at $1.98 with 2,500 shares. NCB Financial Group remained at $6.20 trading 125,205 shares valued at $776,301, One Caribbean Media closed at $14 with 195 units, Republic Financial Holdings settled at $101.76 with 1,873 shares trading. Sagicor Financial closed at $7.95 with trades of 4,290 shares, Trinidad Cement exchanged 100,000 shares at $4 valued at $400,000 and Bourse Brazil Latin Fund US Dollar shares closed at $8.08 with 1,000 units changing hands.
JMMB at J$39 NCB at J$117 on TTSE
NCB trades at TT$6.15 or J$117 on the TTSE on Tuesday.
JMMB Group and NCB Financial Group surpassed previous highs to close at $2.05 or J$39 compared to a close of $28 in Kingston and $6.15 or the equivalent for $117 on the Jamaica Stock exchange respectively in Tuesday’s trading on the Trinidad & Tobago Stock Exchange.
Market activity resulted in 16 securities changing hands compared to 9 on Monday as 4 stocks advanced, 3 declined and 9 held firm as 290,111 shares traded at a value of $3,885,729 compared to Monday’s trades of 401,886 valued at $3,227,519.
The Composite Index climbed 12.56 points to 1,274.29, up a mere 5.35 percent for 2017, the All T&T Index fell 0.65 points to 1,759.33 and is down slightly by 4 percent for the year and the Cross Listed Index trended higher by 3.53 points to 106.31, up 36 percent for the year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| Trading ended as First Caribbean International Bank closed at $8.50, after rising 25 cents with 5,000 shares changing hands, JMMB Group advanced 20 cents to close at a new 52 weeks’ high of $2.05, while trading 41,736 stock units, NCB Financial Group rose 15 cents to a 52 weeks’ high of $6.15 exchanging 25,000 units and Trinidad & Tobago NGL added 1 cent to close at $23.50 with 19,487 shares valued at $457,831 changing hands.
Losses| At the close of market activities, Ansa McAL ended at $63, with a loss of 1 cent trading 37,552 shares valued at $2,365,776, Guardian Holdings slid 10 cents to close at $15 with 10,537 stock units and National Flour Mills closed at a 52 weeks’ low of $1.98, losing 2 cents with 6,700 shares traded.
JMMB traded at the equivalent of J$39 on the TTSE v $28 in Kingston.
Firm Trades| At the end of trading Clico Investment closed at $21.46 exchanging 5 units, First Citizens remained at $31.80 with 2,322 shares and Grace Kennedy exchanged 117,461 shares at $2.90, valued at $340,637. Massy Holdings traded just 9 stock units at $50. National Enterprises ended at $10 with 785 units, One Caribbean Media closed at $14 with 800 shares trading. Point Lisas settled at $4 with 3,442 stock units changing hands, Sagicor Financial held firm at $7.95 exchanging 19,115 shares and Scotiabank closed at $58.10 with 160 units trading.
Prices of securities trading for the day are those at which the last trade took place.
Rising stocks out pace decliners – TTSE
Trading on the Trinidad & Tobago Stock Exchange closed on Wednesday with 16 securities changing hands compared to 15 on Tuesday, with 6 advancing, 4 declining and 6 remaining unchanged.
The market closed with JMMB Group continuing to rally to new 52-week highs as the price closed at $1.76 with trades of only 54 units while three securities closed at 52 weeks’ lows. By the end of trading a total of 120,210 shares traded at a value of $4,165,527 compared to Tuesday’s trades of 649,685 valued at $4,049,106. Ansa McAL and Clico Investment led with 53 percent and 29 percent of the value of securities traded.
The Composite Index added 0.48 points to 1,250.45, the All T&T Index declined by 0.24 points to 1,760.59 and the Cross Listed Index rose 0.16 points to 99.60.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 3 with lower offers.
Gains| The last traded price of the securities rising and the volume changing hands are, Ansa McAL with gains of 4 cents, closed at $63.05 with 35,000 shares valued at $2,206,750, Ansa Merchant Bank settling at $40, in gaining 5 cents with 344 units changing hands, JMMB Group closing at a 52 weeks’ high of $1.76, after rising 3 cents with only 54 units. Point Lisas traded 19 cents higher to $4 with 5,500 shares trading, Scotiabank closed with a 1 cent gain, at $58.06 with a mere 16 units being exchanged and Trinidad & Tobago NGL closed at $23.11, after rising 1 cent with trades of 2,000 shares.
Losses| The last traded prices of the securities declining and the volume changing hands are Guardian Holdings closed 11 cents lower to $15.15 with 450 units, Guardian Media hit a 52 weeks’ low of $18, having lost 34 cents trading 80 units, National Flour Mills ended at a 52 weeks’ low of $1.99, with a loss of 1 cent while exchanging 800 units and Republic Financial Holdings lost 3 cents to close at a 52 weeks’ low of $101.76 with 4,151 shares valued at $422,525 changing hands.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are, Agostini’s trading 1,927 units at $20.53, Clico Investment that closed at $21 with 58,300 shares valued at $1,224,300, First Citizens closing at $31.80 with 223 units. Grace Kennedy remained at $2.89 exchanging 8,300 shares, Massy Holdings closed at $49 with 3,015 shares and One Caribbean Media ended at $14 trading 50 units.
9 stocks fell on TTSE – Monday
Trading on the Trinidad & Tobago Stock Exchange on Monday closed with 18 securities changing hands compared to 16 on Thursday, leading to modest changes in the indices, after the market was closed for a public holiday, on Friday.
At the close, 3 stock advanced, 9 declined and 6 were unchanged as 778,140 shares traded valued at $10,430,581 versus 566,014 shares trading at a value of $7,445,207 on Thursday. The market closed trading with one security ending at a 52 weeks’ high and 3 at a 52 weeks’ low.
The Composite Index slipped 0.04 points to 1,241.92, the All T&T Index declined by 0.21 points to 1,770.45 and the Cross Listed Index added 0.02 points to close at 95.89.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| Securities recording gains at the last prices took place at, are, Ansa McAl traded 33,796 units valued at $2,129,486 and gained 1 cent in closing at $63.01, JMMB Group climbed to a 52 weeks’ high of $1.50 after rising by 10 cents in trading 52,486 units and Scotiabank rose 2 cents to $58.02 and ended with 20,903 shares valued at $1,212,779 changing hands,
Losses| The last traded prices of the securities declining and the volume changing hands are Agostini’s lost 1 cent in trading a mere 79 units at $20.52,Clico Investment closing at $21.45, with a loss of 3 cents and shares trading valued at $432,208, Grace Kennedy exchanged 88,845 shares at $2.89, after a loss of 1 cent, National Enterprises lost 1 cent to close at $10.35 with 138,130 units trading for a value of $1,429,647, One Caribbean Media lost 3 cents in closing at a 52 weeks’ low of $14 trading 1,141 shares. Republic Financial Holdings lost 4 cents in exchanging 21,577 shares at $101.76 with a value of $2,195,684, Trinidad & Tobago NGL settled at $23, having lost 4 cents with 28,820 stock units valued at $663,724 trading and 
Unilever Caribbean shed 5 cents to close at a 52 weeks’ low of $41.90 with 5,100 shares and LJ Williams A ordinary share lost 3 in trading 1,225 shares at a 52 weeks’ low of 22 cents.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are, Ansa Merchant Bank traded 10,436 units with a value of $417,440 at $40, First Citizens closed at $31.76 in exchanging 2,000 units. Guardian Holdings ended at $15.25 with trades of 11,000 shares, Massy Holdings remained at $50.50 with 5,558 units changing hands. National Flour closed at $2 trading 10,000 shares and Trinidad Cement remained at $4.21 with 350,000 shares changing hands for a value of $1,473,500.
NCB stock hits J$100 in Trinidad
NCBFG trading at J$100 on the Trinidad Stock Exchange.
NCB gained 5 cents on the Trinidad Stock Exchange while trading 5,000 shares to be the sole stock to record a gain on Thursday. Trading on the Trinidad & Tobago Stock Exchange on Thursday closed with declining stocks overwhelming advancing ones 6 to 1 as 16 securities changed hands compared to 10 on Wednesday leading to modest fall in the indices. The market closed trading with two securities ending at a 52 weeks’ low and one at a 52 weeks’ high.
At the close, 1 stock advanced, 6 declined and 9 were unchanged as 566,014 shares traded at a value of $7,445,207 as Angostura Holdings led with 60 percent of the value of securities traded. Volume traded was ahead of Wednesday’s trades of 400,836 units, but the value was lower than the $9,581,269.
The Composite Index slipped 0.29 points to 1,241.96, the All T&T Index declined by 2.34 points to 1,770.66 and the Cross Listed Index added 0.24 points to close at 95.87.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 6 with lower offers.
Losses| The last traded prices of the securities declining and the volume changing hands are Clico Investment closing at $21.48, with a loss of 2 cents and 3,500 shares trading, National Enterprises lost 1 cent to close at $10.36 with 70 units trading, One Caribbean Media lost 7 cents in closing at a 52 weeks’ low of $14.03 trading 4,000 shares. Sagicor Financial dropped 14 cents, closing at $8 after exchanging 67,500 shares valued at $540,876, Trinidad & Tobago NGL settled at $23, having lost 4 cents with trades of 28,820 stock units valued at $663,724 and Unilever Caribbean tumbled $4.07 to close at a 52 weeks’ low of $41.95 with 5,100 shares.
Firm Trades| The last traded prices of securities and the volume traded unchanged at the close of trading are Angostura Holdings holding firm at $15 with 300,000 shares valued at $4,500,040, Ansa Merchant Bank traded 1,950 units at $40, First Citizens closed at $31.76 exchanging 2,375 units. Grace Kennedy exchanged 50,020 shares at $2.90, Guardian Holdings ended at $15.25 with trades of 4,073 shares, Massy Holdings remained at $50.50 with 2,733 units changing hands. Point Lisas closed at $4 trading 4,000 shares, Republic Financial Holdings exchanged 5,000 shares at $101.80 with a value of $509,000 and Trinidad Cement remained at $4.21 with 81,873 shares trading valued at $344,478.
