The number of securities trading on the Trinidad & Tobago Stock Exchange on Wednesday fell to 14, down from to 18 on Tuesday, with 5 stocks advancing, 1 declining and 8 unchanged with 1 trading at a 52 weeks’ high.
Market activity ended as 226,038 shares traded at a value of $4,960,014 compared to 556,707 shares trading at for $4,534,786 on Tuesday.
The Composite Index rose 1.84 points to 1,259.04, the All T&T Index gained 3.64 points to 1,725.59 while the Cross Listed Index was unchanged at 106.81.
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| In trading National Flour Mills rose 9 cents and closed at $1.96 with 6,143 shares trading, Sagicor Financial gained 3 cents to end at $8 trading 67,283 shares with a value of $538,198, Scotiabank closed 10 cents higher at $60.10 in exchanging only 1,500 units Trinidad & Tobago NGL jumped 50 cents to closed at record high of $27, with 102,540 shares with a value of $2,764,792 changing hands andLJ Willaims traded 20,000 units with a gain of 7 cents to close at 77 cents.
Losses|Guardian Holdings closed trading at $17.03 with just 100 stock units changing hands.
Firm Trades| The last traded prices of securities closing unchanged are Clico Investments closing unchanged at $21 with 78 units trading, First Citizens closed at $32 with 250 units changing hands, First Caribbean International Bank trading just 50 units at $9.30. Massy Holdings exchanged 604 units at $48, Prestige Holdings closed at $10.70 with 9,566 shares trading,Point Lisas closed at $3.90 with 4,118 units, Prestige Holdings traded 9,566 shares at $10.70,Republic Financial Holdings traded 354 units at $100, and West Indian Tobacco that closed $100 with 13,452 shares trading valued at $1,345,200.
5 stocks rose on TTSE 1 fell
More securities trade with less volume
Agostini’s traded at a 52 weeks’ high on Tuesday.
The number of securities trading on the Trinidad & Tobago Stock Exchange on Tuesday, climbed to 18, compared to 14 on Monday. Unlike Monday, when just 1 stock advanced, trading on Tuesday threw up 4 winners 3 losers and 11 trading unchanged, with 1 closing at 52 weeks’ high and 1 at a 52 weeks’ Low.
In spite of the rise in the number of securities trading market activity ended with a mere 556,707 shares trading at a value of $4,534,786, well down from the 1,413,505 shares trading at for $8,688,584 on Monday.
The Composite Index fell 0.76 points to 1,257.20, the All T&T Index declined 1.90 points to 1,721.95 while the Cross Listed Index inched 0.05 points to close at 106.81.
Trinidad Cement closed at a 52 weeks’ low on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 4 with lower offers.
Gains| In trading Agostini’s exchanged 694 shares, gaining 21 cents to end at 52 weeks’ high of $20.75, Angostura Holdings closed trading with just 20 shares at $15.20 after rising by 20 cents, Sagicor Financial gained 1 cent to end at $7.97, trading 275,873 shares with a value of $2,206,084 and Trinidad & Tobago NGL recovered the 30 cents it lost on Monday to close at $26.50, with 9,502 shares changing hands.
Losses| The last traded prices of the securities declining are Grace Kennedy with a loss of 1 cent, in closing at $2.99 in exchanging 217,463 shares at a value of $649,365, Guardian Holdings lost 27 cents in closing at $17.03 with 11,600 stock units changing hands and Trinidad Cement lost 20 cents to end at a 52 weeks’ low of $3.75 with 1,085 stock units trading.
Firm Trades| The last traded prices of securities closing unchanged are Clico Investments closing unchanged at $21 with 700 units trading, First Citizens closed at $32 with 8,303 units changing hands,
First Caribbean International Bank trading 9,000 units at $9.30, National Enterprises exchanged 1,200 units at $9.80, Prestige Holdings closed at $10.70 with 1,453 shares trading, ReadyMix traded 500 shares at $11. Republic Financial Holdings traded a mere 5 units to settle at $100, Scotiabank closed at $60 in exchanging 1,766 units, Unilever Caribbean closed at $29, trading 500 shares, West Indian Tobacco closed at $100 with 6,948 shares with a value of $688,504 trading but traded at an intraday 52 weeks’ low of $96.99, before the close and LJ Williams B share traded 10,095 units at 70 cents.
Unilever at 71/2 years’ low
Unilever forming a head & shoulder formation suggesting much lower price for the stock.
Unilever Caribbean closed at the lowest price since August 5, 2011, continuing to drift lower, pressured by poor profit for 2017. Overall trading on the Trinidad & Tobago Stock Exchange closed on Monday with 14 securities changing hands compared to 13 on Friday with just 1 stock advancing, 5 declining and 8 unchanged with 2 falling to 52 weeks’ lows.
Market activity ended as 1,413,505 shares traded at a value of $8,688,584 compared to Friday’s trades of 321,584 valued at $4,433,970.
The Composite Index fell 1.08 points to 1,257.96, the All T&T Index declined 2.66 points to 1,723.85 and the Cross Listed Index gained 0.07 points to close at 106.76.
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| The sole security gaining at the close of trading is Grace Kennedy with a rise of 4 cents, and closing at $3 with 791,507 shares traded at a value of $2,358,741.
Losses| The last traded prices of the securities declining are JMMB Group with a loss of 9 cents, ended at $1.50 with 325,000 shares valued at $487,910 trading, One Caribbean Media dropped $1 and closed at a 52 weeks’ low of $13, trading 250,358 valued at $3,269,007. Scotiabank lost 9 cents, settling at $60 in exchanging only 15 units, Trinidad & Tobago NGL closed at $26.20, with a loss of 30 cents with 4,986 shares changing hands and Unilever Caribbean fell to a 52 weeks’ low of $29, having lost $1, trading 7,920 shares.
Firm Trades| The last traded prices of securities closing unchanged are First Citizens closed at $32 with 100 units changing hands, First Caribbean International Bank trading 1,075 units at $9.30. National Enterprises exchanged 1,000 units at $9.80, National Flour Mills closed at $1.90 with 1,595 shares trading, Point Lisas closed at $3.90 with 372 units, Republic Financial Holdings traded 21,000 shares valued at $2,100,000, and settled at $100, Sagicor Financial held firm at $7.96 trading 7,077 shares and Bourse Brazil Latin Fund US Dollar shares closed at US$8.10 with 00 units exchanged.
Unilever chopped by $4, WITCo by $4.90
West Indian Tobacco dropped $4.90 on Tuesday.
West Indian Tobacco (Witco) and Unilever Caribbean dropped sharply to close at a 52 weeks’ lows. Witco dropped $4.90 on Tuesday by, after falling $5.24 on Monday, to $102.85 following a long period of limited trading. Unilever another stock that was under pressure given very poor 2017 results, fell by $4 to a new low of $30.
The prices of these stocks are set to decline further, especially Unilever that could tumble below $20 based on poor results recently. Demand for Witco shares fell after the company posted third quarter results with lower profits of $276 million, down from $373 million in 2016, due to a huge decline in demand and sales of cigarettes after consumption tax was hiked earlier in the year.
In trading elsewhere, the market closed with 15 securities changing hands, the same as on Monday with 4 stocks advancing, 5 declining and 6 holding firm. A total of 652,922 shares traded at a value of $9,971,563 compared to Monday’s trades of 176,689 valued at $5,273,498.
The Composite Index gained 0.38 points to 1,279.40, the All T&T Index declined by 11.79 points to 1,740.07 and the Cross Listed Index added 1.73 points to close at 110.39.
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| The last traded prices of the securities rising are Clico Investment advanced 21 cents to close at $21, with 88,707 shares valued at $1,859,421, NCB Financial Group with gains of 35 cents, closed at $6.50 with 9,475 shares trading, Point Lisas ended at $3.90, gaining 1 cent with 8,500 stock units and Trinidad & Tobago NGL rising 25 cents higher to $26, having regained losses on the day prior with 126,355 shares valued at $3,268,793.
Price Movement of Unilever Caribbean
Losses| The last traded prices of the securities declining are Guardian Holdings lost 1 cent, closing at $17.99 with 4,923 units changing hands. JMMB Group traded 14 cents lower to $1.60 with 126,288 shares changing hands, Republic Financial Holdings closed 25 cents lower to a 52 weeks’ low of $100.25 exchanging 288 units. Unilever Caribbean declined by $4 to a new 52 weeks’ low of $30 with a mere 10 units changing hands and West Indian Tobacco ended with a loss of $4.90 to a 52 weeks’ low of $102.85 with 5,016 shares valued at $515,950.
Firm Trades| The last prices of securities at the close on Tuesday unchanged are Angostura Holdings that closed at $15 with 238 units. First Citizens exchanged 1,163 shares at $32.01, Massy Holdings remained at $49 trading 35,365 shares valued at $1,732,885. One Caribbean Media closed at $14 with 50 units, Sagicor Financial settled at $7.95 with 243,245 shares valued at $1,933,696 and Scotiabank closing at $61 with 3,299 shares.
West Indian Tobacco drops $5.24
West Indian Tobacco dropped $5.24 on Monday.
West Indian Tobacco (Witco) dropped sharply by $5.24, to a 52 weeks’ low of $107.75 with 1,600 shares trading on the Trinidad & Tobago Stock Exchange on Monday as 15 securities changed hands compared to 11 on Friday.
Demand for Witco shares had fallen significantly since the company posted third quarter results with lower profits of $276 million down from $373 million in 2016, following a big drop in demand and sales of cigarettes after consumption tax was hiked earlier in the year.
The market closed with 2 stocks advancing, 4 declining and 9 remaining unchanged as 176,689 shares traded at a value of $5,273,498 compared to Friday’s trades of 165,628 units valued at $2,492,376.
NCB Financial rose 12 cents on the TTSE on Monday.
The Composite Index fell by 0.27 points to 1,279.02, the All T&T Index declined 5.55 points to 1,751.86 and the Cross Listed Index gained 0.69 points to close at 108.66.
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| The last traded prices of the securities rising and volume changing hands are, Clico Investment rising 1 cent to close at $20.80 with 57,857 shares valued at $1,199,902 trading and NCB Financial Group traded 12 cents higher, ending at $6.15 with only 365 units being exchanged.
Losses| The last traded prices of the securities declining with volume changing hands are, Angostura Holdings with a loss of 5 cents, closing at $15 with 1,800 shares trading while JMMB Group closed at $1.74, losing 4 cents with 9,025 shares and Trinidad & Tobago NGL retreated from its recent record high in falling 25 cents to $25.75 in exchanging 3,646 shares.
Firm Trades| The volume and last traded prices of securities trading unchanged at the close on Monday are, First 
Caribbean International Bankthat ended at $9.30 with 1,000 units, First Citizens exchanged 4,146 shares at $32.01, Guardian Holdings held firm at $18 with 23,277 shares valued at $418,986. Massy Holdings traded 44,470 shares at $49 valued at $2,179,030, National Enterprises closed at $9.75 with 346 units, Point Lisas ended at $3.89 trading 1,000 units. Republic Financial Holdings closed at $100.50 with 963 units changing hands, Sagicor Financial remained at $7.95, trading 13,976 shares and Scotiabank held at $61 with 13,218 shares valued at $806,303 changing hands.
2 new highs 2 new lows on TTSE
Scotiabank traded at a 52 weeks’ high on Thursday.
Falling stock prices, outpaced rising stocks more than 2 to 1, at the close of trading on the Trinidad & Tobago Stock Exchange on Wednesday. All three market indices declined, as two declining stocks shed large amounts, while 2 each traded at 52 weeks’ high and low.
Ansa McAL declined by $3.03, to close at a 52 weeks’ low of $60 with just 2,028 shares trading, Republic Financial Holdings also closed at a 52 weeks’ low after losing $1.50 to end at $100.50, with 252 units changing hands while Scotiabank advanced $1 to settle at a 52 weeks’ high of $61 with 1,500 shares and Trinidad & Tobago NGL gained $1.95 to close at a 52 weeks’ high of $27 trading 3,300 shares. Scotiabank’s move is reflective of a rise in profit before Taxation of 11 percent and 5 percent after an increase in corporation tax rate in that country. Earnings per share ended the year at $3.73 for a PE ratio of 16.35.
T&T NGL closed at a record high on TTSE on Thursday.
Market activity ended with 14 securities changing hands compared to 13 on Wednesday leading to 3 stocks advancing, 7 declining and 4 holding firm.
A total of 221,067 shares traded at a value of $3,013,733 compared to Wednesday’s trades of 482,160 valued at $15,366,284.
The Composite Index declined by 6.28 points to 1,274.03, the All T&T Index lost 10.08 points to 1,743.57 and the Cross Listed Index was down 0.33 points to close at 108.44.
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| The other stock that gained is Clico Investment with a rise of 29 cents, in closing at $20.79 with 71,572 shares valued at $1,486,816.
Losses| Securities declining based on the last traded price are Grace Kennedy losing 4 cents in exchanging 25,000 shares to close at $2.96. JMMB Group closed at $1.88, with a loss of 2 cents trading 1,754 shares, 
Point Lisas fell 1 cent to $3.89 with 11,128 shares changing hands, Prestige Holdings ended with a loss of 5 cents, at $10.70 with 1,000 units, and Sagicor Financial traded 4 cents lower to $7.91 with 73,828 shares valued at $584,108.
Firm Trades| The last traded prices of securities closing with unchanged prices are Massy Holdings in exchanging 1,484 shares at $49, One Caribbean Media ending at $14 with 23,361 shares valued at $369,054, Trinidad Cementthat traded 650 units at $3.95 while Unilever Caribbean remained at $34 with 1,210 shares trading.
Massy Holdings dominates TTSE
Massy traded 90% of the value of stocks trading on Wednesday.
Massy Holdings traded $13.9 million worth of shares, dominating trading with 90 percent of the value of the securities exchanged on the Trinidad & Tobago Stock Exchange at close on Wednesday, with 13 securities changing hands, the same as on Tuesday.
At the close, the price of 1 stock advanced, 4 declined and 8 remained unchanged as 482,160 shares traded at a value of $15,366,284 compared to Tuesday’s trades of 1,117,124 valued at $6,876,070.
The Composite Index lost 0.16 points to 1,280.31, the All T&T Index gained 1.73 points to 1,753.65 and the Cross Listed Index was down 0.28 points to close at 108.77.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The sole security with a rise in price is Massy Holdings with a gain of 5 cents, in closing at $49 trading 283,195 shares valued at $13,876,555.
Losses| The securities declining at the close on Wednesday are, Clico Investment declined by 30 cents to settle at $20.50, with 10,925 shares changing hands, JMMB Group closed 8 cents lower to $1.90, with 43,461 shares exchanged, 
Point Lisas lost 4 cents, ending at $3.90 with 3,000 shares and Scotiabank lost 1 cent and closed at $60 with 7,261 shares valued at $435,694 trading.
Firm Trades| Securities trading unchanged at the close based on the last traded price are, Angostura Holdings with 2,700 shares, closed at $15.05, First Citizens held firm at $32.01 with 1,189 shares, Grace Kennedy remained at $3 with 4,970 shares trading. National Flour Mills closed at $1.90 with 1,900 shares changing hands, One Caribbean Media exchanged 500 units at $14, Sagicor Financial traded 8,989 shares at $7.95, Trinidad Cement exchanged 109,000 shares at $3.95 valued at $430,553 and Trinidad & Tobago NGL held firm at $25.05 with 5,070 shares changing hands.
TTSE consolidating with downward bias
The Trinidad & Tobago Stock Exchange closed on Friday with 12 securities changing hands compared to 16 on Thursday as price changes were almost even as 3 stocks advanced, 4 declined and 6 held firm.
At the close, 337,266 shares traded at a value of $3,385,209 compared to Thursday’s trades of 636,867 valued at $4,568,685.
The Composite Index advanced 1.30 points to 1,296.28, the All T&T Index rose 0.92 points to 1,754.81 and the Cross Listed Index gained 0.23 points to 112.98 to be up 44.53 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close of the market, Agostini’s gained 1 cent and closed at a 52 weeks’ high of $20.54, having traded 3,662 shares, 
Guardian Holdings after it traded at a low of $15.49 rose 10 cents from the previous, to last trade at $15.60 with 45,855 shares valued at $712,743 and Trinidad & Tobago NGL last trade was at $23.66, with gains of 8 cents exchanging 58,518 shares valued at $1,385,526.
Losses| At the end of trading on Friday, Massy Holdings closed with a loss of 50 cents, ending at $49 with 200 units traded after it traded earlier at $49.48, National Flour Mills lost 1 cent, settling at a 52 weeks’ low of $1.94 with 23,000 shares and Point Lisas closed at $3.94, losing 1 cent with trades of 4,021 shares.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are Angostura Holdings exchanged 2,881 shares at $15.05, Clico Investment closed at $20.80 with 2,091 shares, First Citizens traded 2,360 shares at $31.81. JMMB Group remained at $2.20 exchanging 183,936 shares valued at $403,172, NCB Financial Group closed at $6.50 with 1,500 units and Scotiabank traded 750 units to close at $58.50.
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.
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.
