Trading resulted in 177 percent more shares changing hands with values rising 16 percent on the Trinidad and Tobago Stock Exchange on Wednesday than Thursday, in large part due to Guardian Holdings, the dominant trade.
The market closed with 14 securities trading, similar to Wednesday, and closed with five stocks advancing, three declining and six remaining unchanged. Trading resulted in 552,641 shares for $9,388,509 compared to 199,471 shares valued $8,074,531 on Wednesday.
The average trade for the day amounted to 39,474 units at $670,608 versus an average of 14,248 units at $576,752 for each security on Wednesday. For the month to date, the average trade amounts to 15,847 shares at $309,327 compared to 14,106 units at $282,706 on Wednesday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index rose 1.51 points to 1,309.74, the All T&T Index lost 0.67 points to end at 1,762.97, while the Cross Listed Index gained 0.51 points to close at 115.76.
The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling price and nine with lower offers.
Stocks rising│ JMMB Group gained 5 cents trading 53,753 shares to close at $1.80, Massy Holdings ended at $59, after gaining 50 cents in transferring 115 units, NCB Financial closed 5 cents higher at $8, with 58,000 shares crossing the market. Scotiabank rose 45 cents to $55.45 in an exchange of 290 units and Trinidad and Tobago NGL picked up 1 cent to settle at $15.01 trading 18,195 stock units.
Stocks declining│First Citizens Bank slipped 50 cents to $44.50, after exchanging 799 units, Guardian Holdings lost 9 cents to finish at $19.10, in transferring 296,363 shares, with a value of $5,663,064 and Grace Kennedy ended at $3.55, with a loss of 5 cents trading 30,000 shares.
Stocks trading firm │Clico Investments exchanged 23,409 stock units at $25.20, National Flour traded at $1.85, with 8,192 shares changing hands, One Caribbean Media held firm at $4.80, in transferring 150 units. Republic Financial Holdings closed at $141.75, with an exchange of 70 units, Unilever Caribbean traded 200 units at $16.95 and West Indian Tobacco closed at $33.45 after 63,105 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index gained 35.98 points to 414,887.27, the Main Index rose 193.22 points to 378,479.15, while the JSE Financial Index shed 0.39 points to settle at 99.58.
Trading ended with an average of 529,366 units at $6,859,271 for each security compared to an average of 99,936 shares at $838,249 on Tuesday. The average trade for October to date ended at 347,371 units at $5,634,183 for each security, in contrast to 332,968 units at $5,537,233. Trading month to date is well up on September’s average of 265,170 units at $3,271,625.
Kingston Properties fell $1.25 to $6.25 after finishing with 3,970 stock units changing hands, Mayberry Jamaican Equities shed 40 cents to close at $7.40, in trading 12,734 stock, MPC Caribbean Clean Energy rose $29 to $169 after trading 100 units. NCB Financial Group declined $1.50 in closing at $136.50, with an exchange of 139,361 shares, Palace Amusement lost $39 and closed at $1,450, trading 15 units, Proven Investments dropped $1.25 to end at $40, in an exchange of 9,400 stock units. Sagicor Group fell $1.79 to $44.11 trading 22,550 shares, Scotia Group dropped $2.18 to $46.32, in trading 3,235 units, Seprod climbed $8.48 to a 52 weeks’ closing high of $66.98 after hitting a new high of $70, with investors swapping 149,833 shares after the company reported a big increase in nine months profit and Supreme Ventures lost 38 cents to end at $14.52, in trading 16,842 stock units.
At the close of market activities, the Junior Market Index lost 56.8 points after falling nearly 11 points on Tuesday to settle at 2,443.91. Trading ended with 35 securities changing hands compared to 36 on Tuesday, with the prices of 11 stocks rising, 17 declining and seven with prices remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
Knutsford Express shed 59 cents to end at $5.71 with an exchange of 11,623 stock units, Lasco Distributors declined by 9 cents to settle at $3.01 with 54,695 units changing hands, Lasco Financial slipped 2 cents to $2.05 with investors trading 180,442 units. Lasco Manufacturing advanced 3 cents to finish at $3.45 with 6,027 stocks passing through the market, Limners and Bards dropped 17 cents to close at $2.50 with an exchange of 29,545 stock units, Lumber Depot lost 5 cents trading 256,149 shares at $1.03. Main Event shed 74 cents to settle at $3 with 95,310 stocks changing hands, Medical Disposables climbed 25 cents to finish at $4.55 with investors switching ownership of 25,210 units, Stationery and Office Supplies shed 70 cents to close at $4.85 with 18,193 units passing through the market and Tropical Battery gained 6 cents to end at $1.20 with 696,728 stock units crossing the exchange.
Only two securities traded on Wednesday compared to six on Tuesday on the US dollar market of the Jamaica Stock Exchange, with the market index unchanged after there were no price changes at the close.
By comparison, September ended with an average of 84,017 units for US$10,590 .
Trinidad and Tobago NGL closed 5 cents higher at $15 after exchanging 41,771 shares and Unilever Caribbean rose 15 cents to settle at $16.95, with a transfer of just 5 units.
Trading ended with 36 securities changing hands compared to 30 on Friday and closed with the prices of 10 stocks rising, 16 declining and 10 remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and three with lower offers.
Jetcon Corporation rose 9 cents to settle at 89 cents, clearing the market with 35,416 shares, Knutsford Express dipped 45 cents to $6.30, trading 10,004 stock units, Lasco Distributors shed 5 cents to close at $3.10 after crossing the market, with 441,987 shares. Lasco Financial lost 1 cent in closing at $2.07, with 36,683 stock units passing through the market, Lasco Manufacturing slipped 3 cents to $3.42, with 10,900 stock units crossing the exchange, Lumber Depot gained 3 cents in ending at $1.08 and exchanging 370,772 shares. Mailpac Group rose 1 cent to close at $1.99, with a transfer of 422,033 stocks, Main Event rose 49 cents to $3.74 in an exchange of 600 units, Medical Disposables gained 79 cents in closing at $4.30, with 20,154 stock units changing hands. Tropical Battery lost 3 cents to finish at $1.14, in trading 3,944,991 shares and tTech rose 90 cents to settle at $6.40 after exchanging 1,000 units.
Wigton Windfarm with 18.8 percent or 789,387 units and Carreras with 11 percent market share, for 459,648 units.
Eppley Caribbean Property Fund dipped 67 cents to close at $45 while trading 11,529 stock units. First Rock Capital lost 32 cents to finish at $12.18, with investors exchanging 1,500 units, Grace Kennedy settled at $57.34, with a loss of 41 cents after 48,341 shares crossed the exchange, Kingston Wharves climbed $1.15 to $48, in an exchange of 149 units. NCB Financial rose $1 to $138 and cleared the market with 36,414 shares, Palace Amusement gained $339 to $1,489, with only 2 units passing through the market, Proven Investments ended $1.05 higher at $41.25, in exchanging 15,697 stock units. Seprod lost 50 cents after a transfer of 7,249 stock units to end at $58.50 and Sygnus Credit Investments closed at $18.50 after losing 40 cents with 3,393 units crossing the exchange.
At the close of the market, trading ended with six securities changing hands compared to four on Friday and closed with the prices of three stocks rising, one declining and two remaining unchanged.
At the close, First Rock Capital Investment added four-tenths of a cent to close at 8.9 US of cents, with investors swapping 1,204 stock units, Margaritaville gained 1 US cent in closing at 15 US cents, after an exchange of 125 units, Proven Investments was unchanged at 27 US cents trading 9,679 shares and Sygnus Credit Investments lost 1 US cent to end at 13.5 US cents, with a transfer of 1,016 units.
JMMB Group ended 4 cents lower at $1.75 after exchanging 1,190 units and Scotiabank lost 10 cents to finish at $55, in transferring 1,732 shares.
Trading closed with an exchange of 16 percent fewer shares, with the value of stocks changing hands dropping 37 percent compared to Friday. The market ended with twelve securities trading, down from ten on Friday, and closed with four stocks advancing, three declining and five remaining unchanged. Trading resulted in an exchange of 57,704 shares for $1,530,562 compared to 68,422 shares valued $2,428,494 on Friday.
Stocks declining|Trinidad and Tobago NGL shed 5 cents and closed at $14.95, in the trading of 7,353 stock units, Trinidad Cement ended 5 cents lower at $2 in an exchange of 25 units and Unilever Caribbean lost 17 cents to close at $16.80 with 300 shares changing hands.
