More stocks rose than fell on Trinidad Exchange


Stocks ended trading on Wednesday in 16 securities compared with 15 on Tuesday on the Trinidad and Tobago Stock Exchange and ending with prices of five stocks rising, two declining and nine ending firm, with the volume of stocks traded rising just 5 percent valued 90 percent more than Tuesday.

The market closed with trading of 301,502 shares for $2,778,556, up from 286,690 stock units valued at $1,460,561 on Tuesday.
An average of 18,844 shares were traded at $173,660 compared with 19,113 units at $97,371 on Tuesday, with trading for the month to date averaging 14,611 shares at $96,722 up from 13,890 units at $83,636 on the previous day and lower than the average for March of 16,679 shares at $130,461.
The Composite Index remained unchanged at 1,046.64, the All T&T Index dropped 2.88 points to close trading at 1,527.90, the SME Index remained unchanged at 91.85 and the Cross-Listed Index rose 0.43 points to settle at 74.40.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Agostini’s closed at $68.19 with investors trading 1,478 shares, Angostura Holdings climbed 20 cents in closing at $14.25 with a transfer of 202 units, Ansa McAl remained at $52 with 12,700 shares clearing the market. CIBC Caribbean Bank popped 8 cents to close at $8.18 with investors trading 199 stocks, First Citizens Group remained at $41.50 with 4,637 stock units crossing the market, Guardian Holdings gained 15 cents and ended at $15 with investors trading 11,321 shares. JMMB Group rose 4 cents to $1.14 and closed with just one stock being traded, Massy Holdings ended at $3.89 with investors swapping 242,695 units, National Enterprises ended at $2.53 after an exchange of 1,606 stock units.  Prestige Holdings rallied 24 cents in closing at $10.99 with investors trading 458 shares, Republic Financial remained at $112.50 in switching ownership of 5,122 stock units, Scotiabank skidded 50 cents to finish at a 52 weeks’ low of $52.50 after 911 units passed through the market. Trinidad & Tobago NGL ended at $4.04 in trading 14,220 stock units, Trinidad Cement remained at $2.17 with 2,850 shares passing through the exchange, Unilever Caribbean lost 31 cents to finish at $12.70 with investors dealing in 139 stock units and West Indian Tobacco ended at $5.44 in an exchange of 2,963 stocks.

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

Falling stocks dominate trading on the Trinidad & Tobago Stock Exchange


Prices of the majority of stocks trading declined on the Trinidad and Tobago Stock Exchange on Tuesday, resulting from trading of 15 securities down from 19 on Monday and ending with prices of one rising, nine declining and five ended firm with the volume of stocks traded rising 252 percent valued 87 percent more than on Monday.

An average of 19,113 shares were traded at $97,371, well above the 4,285 units at $41,181 on Monday, with trading month to date averaging 13,890 shares at $83,636, in line with 12,899 units at $81,031 on the previous day and lower than an average for March of 16,679 shares at $130,461.

The Composite Index gained 0.06 points to conclude trading at 1,046.64, the All T&T Index rallied 2.52 points to 1,530.78, the SME Index remained unchanged at 91.85 and the Cross-Listed Index declined by just 0.36 points to 73.97.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings dipped 5 cents to end at $14.05 with investors trading 742 shares, Ansa McAl remained at $52 in switching ownership of 2,000 units, Calypso Macro Investment Fund ended at $25 after investors exchanged 98 stocks. First Citizens Group fell 25 cents and ended at $41.50 with a transfer of 3,876 shares, Guardian Holdings gained 4 cents to finish at $14.85 with 2,072 stock units crossing the market, JMMB Group declined 5 cents to end at $1.10 after a transfer of 52,000 shares. Massy Holdings ended at $3.89 with investors trading 202,608 stock units, National Enterprises lost 7 cents to finish at $2.53 after an exchange of 100 stocks, NCB Financial sank 4 cents and ended at a 52 weeks’ low of $2.30 with investors swapping 667 units.  Prestige Holdings shed 25 cents to end at $10.75 after an exchange of 1,331 stocks, Republic Financial sank 50 cents to end at $112.50 in trading 823 shares, Scotiabank remained at $53, with 2,317 units crossing the exchange. Trinidad & Tobago NGL ended at $4.04 with investors dealing in 13,890 stock units, Trinidad Cement slipped 3 cents to close at a 52 weeks’ low of $2.17 in an exchange of 2,150 shares and West Indian Tobacco shed 1 cent and ended at $5.44 after 2,016 stocks passed through the market.

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

Trading plunges on Trinidad Exchange


Trading plunged on the Trinidad and Tobago Stock Exchange on Monday, with a 45 percent drop in the volume of stocks changing hands, valued 42 percent less than on Friday. The market closed with trading in 19 securities, up from 17 on Friday and ended with prices of seven rising, three declining and nine ending firm.

The market closed with trading of 81,418 shares for $782,436, down sharply from 147,311 stock units at $1,341,827 on Friday.
An average of 4,285 shares were traded worth $41,181, down from 8,665 units at $78,931 on Friday, with trading for the month to date ending with an average of 12,899 shares at $81,031, down from 15,626 stock units at $93,653 on the previous day and an average of 16,679 shares at $130,461 for March.
The Composite Index skidded 2.90 points to wrap up trading at 1,046.58, the All T&T Index fell 5.60 points to 1,528.26, the SME Index remained at 91.85 and the Cross-Listed Index was unchanged at 74.33.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Agostini’s popped 19 cents to close at $68.19 with 75 shares clearing the market, Angostura Holdings popped 5 cents to $14.10 with a transfer of 78 stocks, Ansa McAl gained 50 cents and ended at $52 after an exchange of 1,000 units. Calypso Macro Index Fund rose $1.50 to $25 with 15 shares crossing the market, CIBC Caribbean Bank ended at $8.10 after a transfer of 85 stock units, First Citizens Group remained at $41.75 with investors swapping 3,128 shares. GraceKennedy ended at $3.69 after an exchange of 22 units, Guardian Holdings closed at $14.81 with investors trading 85 stocks, JMMB Group finished trading of 6 stock units at $1.15. Massy Holdings advanced 3 cents to end at $3.89 with traders dealing in 50,063 shares, National Enterprises skidded 5 cents to finish at $2.60 after an exchange of 7,905 stock units and National Flour Mills remained at $1.60 with investors trading 616 units. Prestige Holdings increased 18 cents to $11 with an exchange of 743 stocks, Republic Financial fell 9 cents to end at $113 after 2,311 units passed through the market, Scotiabank remained at $53 with investors trading 973 stocks. Trinidad & Tobago NGL ended at $4.04 in an exchange of 7,052 shares, Trinidad Cement lost 15 cents and ended at a 52 weeks’ loss of $2.20 with investors dealing in 2,981 stock units, Unilever Caribbean remained at $13.01 with 18 shares crossing the exchange and West Indian Tobacco rallied 1 cent to $5.45 in trading 4,262 stocks.

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

A week of decline for Trinidad stocks


Trading on the Trinidad and Tobago Stock Exchange ended the past week, with several stocks recording sizable price changes that resulted in mixed fortunes for the two major indices.

At the close of the week, the All Trinidad and Tobago Index rose marginally by less than one percent and the Combined Index just slipped lower. Just four stocks gained at the close of the week, and 14 declined, a turnaround from the prior week with 12 rising and 9 declining.

The average PE ratio of the market closed slightly higher at 8.25, based on 2023 earnings and 5.75, based on estimates of 2024 earnings. The two ratios continue to deviate wildly, with several stocks being undervalued.

Unlike the previous week when the financial sector enjoyed solid gains, this past week all declined except for Republic Holdings was unchanged at $113.09.  Ansa McAl rallied $1.50 to $51.50 and Unilever Caribbean ended with a gain of $2.01 to close at $13.01.
Ansa Merchant Bank and Scotiabank dropped $1 to close at $40 and $53, respectively. First Citizens Bank lost 37 cents to $41.75, Endeavour Holdings fell $1.85 to $16.15 and the Calypso Macro Index Fund shed $1.50 to $23.50.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 440 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 340 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Prestige Holdings, which could gain 90 percent and Trinidad and Tobago NGL, 290 percent.

Stocks mostly fall on Trinidad Exchange 


Stocks mostly fell on the Trinidad and Tobago Stock Exchange on Friday, following a 13 percent decline in the volume traded with 29 percent more value than Thursday, resulting from trading of 17 securities, down from 21 on Thursday and ending with prices of five stocks rising, nine declining and three ended firm.

The market closed with trading of 147,311 shares worth $1,341,827 compared to 169,059 stock units at $1,040,064 on Thursday.
An average of 8,665 shares were traded at $78,931, up from 8,050 units at $49,527 on Thursday, with trading month to date averaging 15,626 shares at $93,653, down from 18,378 units at $99,469 on the previous day compared with an average for March of 16,679 shares at $130,461.
The Composite Index lost 2.57 points to finish at 1,049.48, the All T&T Index sank 2.51 points to close at 1,533.86, the SME Index remained unchanged at 91.85 and the Cross-Listed Index declined 0.37 points to settle at 74.33.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.

At the close, Ansa McAl declined $2.50 and ended at $51.50 after an exchange of 171 shares, Ansa Merchant Bank shed $1 to $40 with investors trading 5 units, CIBC Caribbean Bank ended at $8.10 after an exchange of 22 shares. Endeavour Holdings sank $1.85 in closing at $16.15 after 302 stock units passed through the market, First Citizens Group dropped 25 cents to close at $41.75 with 1,188 stocks crossing the exchange, GraceKennedy rose 4 cents to finish at $3.69 with traders dealing in 1,001 units. JMMB Group fell 7 cents and ended at $1.15 with 1,501 stocks clearing the market, Massy Holdings skidded 3 cents to $3.86 with investors dealing in 10,565 shares, National Flour Mills rallied 10 cents to close at $1.60 with 53,178 stock units crossing the market. NCB Financial fell 1 cent in closing at $2.34 in switching ownership of 3,788 shares,  Prestige Holdings dipped 38 cents to end at $10.82 with 27,485 stock units crossing the market, Republic Financial popped $1.09 to finish at $113.09 with an exchange of 2,939 units. Scotiabank lost $1 to end at a 52 weeks’ low of $53 with 5,015 stocks changing hands, Trinidad & Tobago NGL remained at $4.04 with investors trading 24,990 units, Trinidad Cement ended at $2.35 after a transfer of 1,751 shares. Unilever Caribbean climbed $1.36 to $13.01, with investors swapping 10,408 stocks and West Indian Tobacco increased 44 cents to finish at $5.44, after a transfer of 3,002 stock units.

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

Gains for Trinidad Exchange


Declining stocks edged winners on the Trinidad and Tobago Stock Exchange on Thursday, with prices of six stocks rising, eight declining and seven ended firm, resulting from trading in 21 securities compared with 22 on Wednesday and ending with the volume of stocks traded declining 73 percent valued 68 percent lower than on Wednesday.

The market closed with trading of 169,059 shares worth $1,040,064 compared to 621,202 stock units at $3,237,460 on Wednesday.
An average of 8,050 shares were traded for $49,527, well below 28,236 stock units at $147,157 on Wednesday, with an average for the month to date of 18,378 shares at $99,469 compared with an average of 16,679 shares at $130,461 for March.
The Composite Index rose 2.21 points to wrap up trading at 1,052.05, the All T&T Index popped 7.46 points to 1,536.37, the SME Index remained unchanged at 91.85 and the Cross-Listed Index fell 0.48 points to finish at 74.70.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Angostura Holdings remained at $14.05 after an exchange of 5,000 shares, Ansa McAl rose $6 to $54 with 1,500 stock units being traded, CIBC Caribbean Bank shed 9 cents in closing at $8.10 after an exchange of 513 shares. First Citizens Group ended at $42 after investors ended trading off 2,802 stock units, GraceKennedy sank 4 cents and ended at $3.65 after a transfer of 1,308 units, Guardian Holdings lost 4 cents to end at a 52 weeks’ low of $14.81 with investors trading 1,700 stocks. Guardian Media dipped 1 cent in closing at a 52 weeks’ low of 95 cents in an exchange of 624 units, JMMB Group remained at $1.22 after 37,000 shares passed through the market, L.J. Williams B share ended at 90 cents with 439 stock units crossing the exchange. Massy Holdings ended at $3.89 with investors swapping 37,249 shares, National Enterprises rose 5 cents to end at $2.65 and closed with 900 units changing hands, National Flour Mills fell 12 cents to finish at $1.50 in an exchange of 24,849 stocks. NCB Financial advanced 1 cent to $2.35 with 9,374 stock units changing hands, One Caribbean Media remained at $2.70 as investors exchanged 4 shares, Prestige Holdings popped 5 cents to finish at $11.20 in trading 1,676 stock units. Republic Financial ended at $112 with 1,766 stocks clearing the market, Scotiabank rallied 98 cents to end at $54 with an exchange of 180 units, Trinidad & Tobago NGL increased 2 cents in closing at $4.04 with 8,000 shares clearing the market. Trinidad Cement slipped 5 cents to $2.35 with a transfer of 6,037 stock units, Unilever Caribbean sank 10 cents to end at $11.65 with investors dealing in 10,303 stocks and West Indian Tobacco skidded 44 cents in closing at a 52 weeks’ low of $5 in switching ownership of 17,835 units.

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

Falling stocks dominate Trinidad Exchange


Following a two day holiday break, declining stocks dominated trading on the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 22 securities up from 20 on Friday and ending with prices of two stocks rising, 10 declining and 10 ended firm, with minimal effect on the market indices, following a 24 percent decline in the volume of stocks exchanged with a 49 percent decline in value compared to Friday.

The market closed with trading of 621,202 shares worth $3,237,460 compared to 820,603 stock units at $6,335,662 on Friday.
An average of 28,236 shares were traded at $147,157 compared with 41,030 units at $316,783 on Friday, with an average of 16,679 shares at $130,461 for March.
The Composite Index slipped 0.11 points to  end trading at 1,049.84, the All T&T Index declined 1.01 points to 1,528.91, the SME Index remained unchanged at 91.85 and the Cross-Listed Index rallied 0.12 points to conclude trading at 75.18.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s dipped 16 cents in closing at $68 with 363 shares crossing the market, Angostura Holdings remained at $14.05 in trading 2 units, Ansa McAl sank $2 to end at $48 with 5,838 shares clearing the market. Calypso Macro Investment Fund dropped $1.50 to end at $23.50 after an exchange of 80 stocks, CIBC Caribbean Bank ended at $8.19 and closed after the trading of 1,544 stocks, Endeavour Holdings ended at $18 in an exchange of 10 units. First Citizens Group lost 12 cents to close at $42 with 20,417 stocks crossing the market, GraceKennedy remained at $3.69 with investors dealing in 121 shares, Guardian Holdings ended at $14.85 with investors trading 322 stock units. Guardian Media remained at 96 cents in switching ownership of 7 shares, JMMB Group remained at $1.22 with investors swapping 1,755 stock units, Massy Holdings declined 1 cent in closing at $3.89 with a transfer of 38,854 stocks. National Enterprises fell 5 cents to $2.60 as 23,000 units passed through the market, National Flour Mills slipped 8 cents and ended at $1.62 after a transfer of 100,045 stocks, NCB Financial ended at $2.34 with traders dealing in 400,786 shares. One Caribbean Media dropped 27 cents to close at a 52 weeks’ low of $2.70 after an exchange of 5,828 stock units, Prestige Holdings remained at $11.15 with investors trading 366 units, Republic Financial shed $1.09 to finish at a 52 weeks’ low of $112 in an exchange of 3,956 shares. Scotiabank skidded 98 cents to $53.02 with investors trading 2,355 stock units, Trinidad Cement ended at $2.40 after an exchange of 265 stocks, Unilever Caribbean advanced 75 cents and ended at $11.75 with 9,027 units changing hands and West Indian Tobacco popped 1 cent in closing at $5.44 with an exchange of 6,261 stocks.

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

A declining week for Trinidad stocks


Six stocks ended the past week with sizable price changes on the Trinidad and Tobago Stock Exchange in a week when prices of 12 stocks gained 9 declined, a turnaround from the prior week with 9 losing stocks and 6 winners. The week ended with losses in the All Trinidad and Tobago Index falling 1.6 percent, the Combined Index slipping by 0.7 percent, and the SME index surging 10 percent.

The average PE ratio of the market closed at 8.09, up from 7.74 based on 2023 earnings and 5.72 based on estimates of 2024 earnings. The difference illustrates the market’s current undervalued level and the potential gains ahead.
In the financial sector, Ansa Merchant Bank popped $1 to close at $41, Republic Holdings gained $1.04 to end the week at $113.09, First Citizens Bank rose 56 cents to $42.12 and Scotiabank fell $1 to $54. Elsewhere, Ansa McAl lost $6 in closing at $50, Endeavour Holdings rallied $1.85 to $18 and Pont Lisas rose by 22 cents to $3.50.

Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank which could gain 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 140 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 330 percent, Eric Solis with a 100 percent potential gain and One Caribbean Media with 315 percent.

Investors should watch Prestige Holdings, with the potential to gain 80 percent and Trinidad and Tobago NGL, with a potential gain of 290 percent.

Trading jumped on T&T Exchange 


Trading climbed on the Trinidad and Tobago Stock Exchange on Friday, with a 142 percent increased volume and 20 percent greater value than on Thursday. Similar to Thursday, the market closed with trading in 20 securities and ending with prices of five stocks rising, four declining and 11 ended firm.

The market closed with trading of 820,603 shares for $6,335,662, up from just 339,143 stock units at $5,290,186 on Thursday.
An average of 41,030 shares were traded at $316,783, up from 16,957 units at $264,509 on Thursday, with trading month to date averaging 16,679 shares at $130,461, just above the 15,247 units at $119,502 on the previous day, compared with an average for February of 22,005 shares at $200,032.
The Composite Index skidded 1.93 points to close at 1,049.95, the All T&T Index declined 0.48 points to 1,529.92, the SME Index remained unchanged at 91.85 and the Cross-Listed Index slipped 0.49 points to conclude trading at 75.06.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close of the week, Angostura Holdings remained at $14.05 with investors swapping 184,662 stocks, Ansa McAl ended at $50 with a transfer of 5,353 units, CIBC Caribbean Bank shed 31 cents to close at $8.19 with investors swapping 1,800 shares. Endeavour Holdings ended at $18 in switching ownership of 50 stock units, First Citizens Group ended at $42.12 with 821 shares being traded, Guardian Holdings shed 2 cents to finish at $14.85 in trading 885 units. Guardian Media ended at 96 cents with 21 stocks clearing the market, JMMB Group advanced 2 cents to close at $1.22 in an exchange of 510 stock units, L.J. Williams B share popped 9 cents and ended at 90 cents with 1,000 shares crossing the market. Massy Holdings remained at $3.90 after an exchange of 521,273 stocks, National Enterprises slipped 1 cent to end at $2.65 after the trading of 500 units, One Caribbean Media remained at $2.97 with an exchange of 505 stock units. Point Lisas ended at $3.50 after 17,058 shares passed through the market, Prestige Holdings ended at $11.15 after an exchange of 1,085 units, Republic Financial dipped 1 cent and ended at $113.09 with investors trading 6,991 stocks. Scotiabank increased 98 cents to end at $54 in an exchange of 260 stock units, Trinidad & Tobago NGL remained at $4.02 with traders dealing in 4,545 shares, Trinidad Cement climbed 5 cents to close at $2.40 as investors exchanged 2 units. Unilever Caribbean ended at $11 with 14,386 stocks crossing the market and West Indian Tobacco rose 3 cents in closing at $5.43 with investors trading 58,896 stock units.

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

Winners outclass losers in Trinidad


Stocks ended with mostly gains on the Trinidad and Tobago Stock Exchange on Thursday, resulting from trading in 20 securities compared with 21 on Wednesday and ending with prices of eight rising, four declining and eight ended firm and resulting in a mild decline in the market index, following a 46 percent jump in the volume traded, with a slightly higher value than on Wednesday

The market closed with trading of 339,143 shares for $5,290,186 up from 231,844 stocks at $5,567,697 on Wednesday.
An average of 16,957 shares were traded at $264,509 compared with 11,040 stock units at $265,128 on Wednesday, with trading month to date averaging 15,247 shares at $119,502 in line with 15,140 units at $110,438 on the prior day versus an average for February of 22,005 shares at $200,032.
The Composite Index dipped 1.07 points to wrap up trading at 1,051.88, the All T&T Index fell 2.07 points to finish at 1,530.40, the SME Index remained at 91.85 and the Cross-Listed Index was unchanged at 75.55.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of market activity, Agostini’s declined 3 cents to $68.16 with 5 stock units crossing the market, Ansa McAl ended at $50 in an exchange of 41,706 shares, Calypso Investment Fund jumped $1.59 and ended at $25 with investors swapping 13 stocks. First Citizens Group climbed 52 cents to end at $42.12 with 16,936 stock units crossing the exchange, GraceKennedy gained 4 cents in closing at $3.69 after a transfer of 26,731 stocks, Guardian Holdings remained at $14.87 with investors trading 735 units. Guardian Media fell 4 cents and closed at a 52 weeks’ low of 96 cents after 346 shares changed hands, JMMB Group rallied 9 cents to close at $1.20 in trading 5 stock units, L.J. Williams B share ended at 81 cents with investors dealing in 561 shares. Massy Holdings popped 4 cents in closing at $3.90 in an exchange of 217,615 stocks, National Enterprises remained at $2.66 with traders dealing in 9,263 units, National Flour Mills advanced 9 cents and ended at $1.70 after an exchange of 255 stock units. Point Lisas gained 22 cents to close at a 52 weeks’ high of $3.50 with 4,094 shares crossing the market, Prestige Holdings remained at $11.15 as investors exchanged 630 stocks, Republic Financial popped 3 cents to finish at $113.10 with 12,037 stock units changing hands. Scotiabank ended at $53.02 after an exchange of 2,024 stocks, Trinidad & Tobago NGL skidded 1 cent to end at $4.02 with 2,048 units clearing the market, Unilever Caribbean remained at $11 with an exchange of 30 stocks and West Indian Tobacco slipped 2 cents to close at a 52 weeks’ low of $5.40 after 4,087 shares were traded.

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