The Trinidad & Tobago Stock Exchange more losses on Thursday but the total value of trading climbed with 280,282 shares valued at $10,304,944 changing hands. The market closed with a mere 6 securities trading, as weakness in the overall market continues. At the close, 2 stocks rose, 2 declined, while 2 remained unchanged.
Quotes for Republic Holdings, Massy Holdings and Scotiabank remain well below their last selling price and are likely to take a big bite out of the indices when next they trade.
The Composite Index declined by 0.27 points to close at 1,130.97, the All T&T Index fell 0.52 points to close at 1,807.81 and the Cross Listed Index remained unchanged at 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 8 with offers that were lower.
Gains| Clico Investment Fund rose by 1 cent in closing at $22.56 with 129,520 shares valued at $2,921,971 and Trinidad and Tobago NGL rose 2 cents to $19.53 and closed with 27,964 shares trading for a value of $545,720.
Losses| ANSA McAL closed with a loss of 3 cents while 106,653 shares changed hands for a value of $6,716,975 at $62.79, Guardian Holdings had 5,995 shares changing hands to end at $12.90 after losing 10 cents.
Firm Trades| National Commercial Bank had 10,000 units changing hands at $2.40 and West Indian Tobacco closed at $126.28 as 150 units changed hands.
Just 6 stocks traded on TTSE – Thursday
Another down day for TTSE – Wednesday
The Trinidad & Tobago Stock Exchange recorded mild losses on Wednesday with 112,354 shares valued at $1,496,835 changing hands. The market closed with 11 securities trading, as weakness in the market continues. At the close, no stock rose, 5 declined, while 6 remained unchanged. One stock closed at 52 weeks’ low at the end of trading.
Quotes for Republic Holdings and Scotiabank remain well below their last selling price and are likely to take a big bite out of the indices when next they trade.
The Composite Index declined by 0.86 points to close at 1,131.24, the All T&T Index fell 1.70 points to close at 1,808.33 and the Cross Listed Index remained unchanged at 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 3 stocks with the bid higher than the last selling price and 8 with offers that were lower.
Losses| Clico Investment Fund lost 5 cents in closing at $22.55 with 915 units, Massy Holdings closed with just 10 shares trading with a loss of 4 cents at a 52 weeks’ low of $52.94, Trinidad and Tobago NGL fell 49 cents to $19.51 and closed with 27,550 shares traded for $537,479. Trinidad Cement lost 5 cents in closing at $3.40 as 1,705 shares changed hands and West Indian Tobacco closed 1 cent lower at $126.28 as 
88,559 units changed hands valued at $11,183,632.
Firm Trades| Angostura Holdings traded 5,780 shares at $13, Grace Kennedy traded 6,094 shares at $5.15, Guardian Holdings had 1,160 shares changing hands to end at $13, National Commercial Bank had 10,000 units changing hands at $2.40. National Enterprises closed with 5,560 shares changing hands at $11.28 and Sagicor Financial Corporation closed at $7.25 with 1,330 shares changing hands.
4 stocks fall on TTSE – Tuesday
The Trinidad & Tobago Stock Exchange recorded mild losses on Tuesday with 112,354 shares valued at $1,496,835 changing hands. The market closed with only 8 securities traded as weakness continue in prices of stocks. At the close 1 stock rose, 4 declined, while 3 remained unchanged. One stock closed at 52 weeks’ low at the end of trading.
The as reflected in the quotes for Republic Holdings and Scotiabank. The former last traded at $110 but have a closing bid at $109 to sell 1,690 shares with no bid posted for several days to buy and Scotiabank with the last traded price of $57.40 with an offer at $56.49 to sell 3,192 shares and the bid at $55 for 2,000 shares. First Citizens Bank, Ansa McAl and Massy Holdings are also under pressure at the close.
The Composite Index declined by 1.79 points to close at 1,132.10, the All T&T Index fell 3.56 points to close at 1,810.03 and the Cross Listed Index remained unchanged at 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 10 with offers that were lower.
Gains| National Enterprises closed with 15,050 shares changing hands at $11.28 after jumping by 3 cents.
Losses| First Citizens Bank lost 26 cents in closing at a new 52 weeks’ low of $33.24 with only 150 units changing hands.
Sagicor Financial Corporation lost 1 cent to close at $7.25 with 11,883 shares changing hands, Trinidad and Tobago NGL fell $1 and closed at $20, with 53,585 shares traded for $1,073,301 and Trinidad Cement lost 4 cents in closing at $3.45 as 3,289 shares changed hands.
Firm Trades| Guardian Holdings had 200 shares changing hands to end at $13, National Flour had 27,521 units changing hands at $2.30 and West Indian Tobacco closed at $126.29 as 676 units changed hands.
TTSE drops again on Friday
Scotiabank’s stock price sets to drop on TTSE
The market remains weak as reflected in the quotes for Republic Holdings and Scotiabank. The former last traded at $110 but have a closing bid at $109 to sell 340 shares with no buyers posted a bid and Scotiabank with the last traded price of $57.40 with an offer at $56.95 to sell 1,611 units with the bid at $55 to buy 2,000 shares.
The Composite Index declined by 0.17 points to close at 1,134.91, the All T&T Index fell 0.02 points to close at 1,815.61 and the Cross Listed Index declined by 0.05 points to 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| Trinidad and Tobago NGL added 24 cents and closed at $21.25 with 143,406 shares traded for $4,152,824.
Losses| JMB Group lost 1 cent in ending at 58 cents with 8,680 shares trading, Massy Holdings ended with 100 shares changing hands as the price dropped by 4 cents to end at a 52 weeks’ low of $53.95 and West Indian Tobacco fell 1 cent to close at $126.29 while trading 3,004 shares.
Firm Trades| Angostura Holdings ended with 18,000 shares changing
hands to close at $13, Calypso Macro Index Fund traded 320 units at $24.99, Clico Investment Fund ended at $22.60 with 9,556 shares changing hands, Grace Kennedy traded 8,906 shares to end at $51.5, Guardian Holdings closed with 100 shares changing hands to end at $13. Guardian Media closed at $19.75 as 1,100 units changed hands, National Commercial Bank had 20,000 units changing hands at $2.40 and Sagicor Financial Corporation closed with 23,507 shares changing hands to close at $7.25.
6 TTSE stocks rose on Monday
T&TNGL – 1 of 6 stocks gaining on the TTSE on Monday.
The Composite Index gained 3.32 points to close at 1,133.54, the All T&T Index rose 6.54 points to close at 1,814.06 and the Cross Listed Index added 0.01 point to end at 60.17.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 8 with offers that were lower.
Gains| Clico Investment Fund ended at $22.60 after rising by 9 cents with 118,717 shares valued at $2,682,938 changing hands, National Enterprises closed with 1,050 shares changing hands at $10.50 after rising 44 cents, National Flour gained 5 cents and closed with a mere 7 shares changing hands at $2.30. Prestige Holdings with 100 units changing hands ended at $11.30 to record a gain of 5 cents for a 52 weeks’ high, Sagicor Financial closed at $7.01 with 7,580 units changing hands after rising 1 cent while Trinidad and Tobago NGL gained 55 cents to close at $21.10 with 119,868 units worth $2,518,270 traded.
Losses| Massy Holdings ended with 7,124 shares changing hands to close with a loss of 5 cents to end at a 52 weeks’ low of $54.68 and Republic Financial Holdings closed at a new 52 weeks’ low of $110.98 with 337 shares changing hands with a loss of 2 cents.Firm Trades| Angostura Holdings ended with 225 shares changing hands to close at $13.20, Firstcaribbean International Bank closed at $6.50 with 102,000 units valued at $663,000 changing hands, First Citizens closed at of $33.50 with 2,975 shares trading, Guardian Holdings had 10,000 shares changing hands to end at $13.25 and National Commercial Bank traded 8,195 shares at $2.40.
Scotia sees J$130 to US$ in 2017
After losing nearly 30% of its value since 2012, the Jamaican dollar (JMD) is expected to maintain a defensive tone against the US dollar (USD).
The value of the JMD will continue to be affected by weaker sentiment towards emerging markets as the US Fed gradually tightens monetary conditions, as well as by investors’ perceptions regarding the implementation of the austerity program under the four-year Extended Fund Facility (EFF) loan agreement with the IMF, a recent report released by the economic units of Canadian Scotia bank stated recently.
“ We forecast a further depreciation in the JMD from a year-end rate of 120 in 2015 to around 125 this year and 130 in 2017 per USD. Net international reserves stood at US$2.26 billion in February, equivalent to over 5 months of import coverage” Scotiabank Economics Report stated recently.
Neither forecast would represent major moves in the value of the currency percentage wise. IC Insider.com data suggests that the currency may well remain around current levels for a prolonged period, or head to around 125 with inflation for 2016 looking like it will be less than for 2015, with no new major taxes expected. The tax break for persons earning less than $1.5 million could have a moderating impact on wage settlements and inflation as well.
TTSE struggles along – Wednesday
The Trinidad & Tobago Stock Exchange recorded a mild gain on Wednesday as trading ended with 145,432 shares valued at $2,060,668 changing hands as 5 securities traded with large values. The market closed with 12 securities traded, 2 gained, 3 declined, while 7 remained unchanged. One stock closed at a 52 weeks’ high and two at 52 weeks’ lows.
At the end of trading, the Composite Index lost 0.94 points to close at 1,132.96, the All T&T Index fell 1.80 points to close at 1,812.28 and the Cross Listed Index eased by 0.01 at 60.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with the bid higher than the last selling price and 10 with offers that were lower the same as on Tuesday.
Gains| National Enterprises closed with just 900 shares changing hands at $10.06 after rising 6 cents and Prestige Holdings traded 82 units to close with a gain of 5 cents at close at a 52 weeks’ high of $11.26.
Losses| Guardian Holdings had 39,200 shares changing hands for a value of $519,400 but lost 55 cents, to close at $13.25. Republic Financial Holdings declined by 1 cent to close at a 52 weeks’ low of $111.48 with 35 shares changing hands and 
Scotiabank closed with 85 shares changing hands with a loss of 1 cent at a 52 weeks’ low of $57.40.
Firm Trades| Clico Investment Fund ended at $22.51 with 39,790 shares valued at $895,673 changing hands, FirstCaribbean International Bank traded 9,126 shares to close at $6.50, First Citizens had 5,900 shares changing hands with the price ending at $33.98. Grace Kennedy had 27,531 shares changing hands at $5.15. Sagicor Financial closed at $7.01 with 18,153 units changing hands while Trinidad and Tobago NGL closed at $20.50 as 4,600 units traded and West Indian Tobacco traded 30 shares to close at $126.28.
5 TSE stocks at 12 months’ low – Thursday
First Citizens dropped 70 cents to a 52 weeks’ low on Thursday.
The slide on the Trinidad & Tobago Stock Exchange continued on Thursday as trading ended with 391,678 shares valued at $4,904,496 changing hands. Trading resulted in 5 stocks closing at 52 weeks’ lows as total of 16 securities traded with 8 falling, 3 gaining while 5 remained unchanged.
The market closed with the Composite Index advanced by 3.57 points to close at 1,133.16, the All T&T Index advanced by 7.17 points to close at 1,812.34 and the Cross Listed Index declined by 0.01 points at 60.30.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 7 with offers that were lower. The market still reflects signs of weakness with about a third of the listings with no bids to buy.
Gains| National Enterprises closed with 15,111 shares changing hands at $10 after gaining $1, National Flour ended with 25,000 shares changing hands and closed with a gain of 6 cents at $2.06 and Trinidad and Tobago NGL closed at $20.10 with a gain of 10 cents as 23,625 units changed hands.
Losses| Clico Investment Fund lost 4 cents to end at $22.56 with 298 shares changing hands, First Citizens had 3,165 shares changing hands with the price declining by 70 cents to end at a 52 weeks’ low of $34, Massy Holdings had 200 shares changing hands with the price declining 1 cent to end at a 52 weeks’ low of $54.87. One Caribbean Media traded 67 shares and fell 5 cents to end at a 52 weeks’ low of $21.70, Republic Financial Holdings dropped 50 cents to close at a 52 weeks’ low of $111.49 with 176 shares changing hands. 
Sagicor Financial lost 1 cent and closed at $7 with 130,000 units changing hands, Scotiabank closed with 87 shares changing hands, after losing 2 cents to end at a 52 weeks’ low of $57.41 and Trinidad Cement closed with a loss of 10 cents at $3.50 with 75,596 shares changing hands.
Firm Trades| ANSA McAl added 43,008 shares at $2,709,599 to end at $63, Firstcaribbean International Bank closed at $6.50 with 1,000 units changing hands. Guardian Holdings traded 950 shares at $13.80, JMMB group traded 5,095 shares to close at 59 cents and National Commercial Bank traded 67,600 shares at $2.40.
No end in sight for TTSE slide
Massy trades at a new low on Wednesday
The market closed with the Composite Index declined by 5.30 points to close at 1,130.15, the All T&T Index fell by 10.53 points to close at 1,805.98 and the Cross Listed Index remained at 60.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy, a clear sign of a weakness.
Gains| Unilever Caribbean gained 1 cent to close at $66 with 48 shares trading and West Indian Tobacco traded 350 shares and gained 1 cent in ending at $126.28.
Losses| Agostini’s traded 1,000 shares at $17.02 with a fall of 2 cent in trading at $17.01, Clico Investments Fund ended with a volume of 23,885 shares valued at $538,607 to end with a gain of 1 cent at $22.55, Guardian Holdings ended trading 10,703 shares but declined by 15 cents to close at $13.80. Massy Holdings ended with 72,398 shares valued at $3,981,164 changing hands as the price dropped $1.01 to end at a 52 weeks’ low of $54.98,
National Enterprises closed with 7,388 shares changing hands at a 52 weeks’ low of $9 after falling by 49 cents. Republic Financial Holdings dropped 1 cent to close at $111.99 with 150 shares changing hands and Scotiabank closed with 392 shares changing hands with a loss of 6 cents to end at a 52 weeks’ low of $57.43.Firm Trades| Firstcaribbean International Bank closed at $6.50 with 114,000 units valued at $741,000 changing hands and National Commercial Bank traded 43,862 shares to end at $2.40.
Big drop again for TTSE – Friday
Scotiabank at a new 52 weeks’ low on TTSE.
The market closed with the Composite Index declined by 10.05 points to close at 1,142.63, the All T&T Index fell by 19.89 points to close at 1,831.46 and is down by 6.3 percent since the start of the year and the Cross Listed Index declined by 0.01 points to 60.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 6 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy.
Gains|Prestige Holdings with 2,812 units changing hands ended at a 52 weeks’ high of $11.21 to record a gain of 5 cents.
Losses| ANSA McAL contributed 39,272 shares valued at $2,485,487 but lost 33 cents in closing at a 52 weeks’ low of $63.35, First Citizens lost 24 cent in closing at $34.74 with only 287 units changing hands. LJ Williams B share lost 2 cents in closing at 97 cents with 250 units changing hands, Massy Holdings ended with a loss of 71 cents with 5,000 shares changing hands at a new 52 weeks’ low of $55.99, National Enterprises closed with 11,640 shares changing hands at to close at a 52 weeks’ low of $10.50 after falling by $1, Sagicor Financial Corporation traded 100 units at $6.98
after slipping by 1 cent, Scotiabank traded 2,173 shares but dropped by $1.97 to end at a 52 weeks’ low of $57.49.Firm Trades| Clico Investments Fund ended with a volume of 70,873 shares valued at $1,598,142 to end at $22.55, Grace Kennedy traded 100 shares to end at $5.20, LJ Williams 8% preference share traded 200 units at $3.30. Trinidad and Tobago NGL ended trading 21,157 shares with a value of $403,041 at $19.05 and Unilever Caribbean had 395 shares trading at $65.99.
