Trading on the Trinidad & Tobago Stock Exchange ended on Friday with more stocks falling than rising and leaving the market indices with losses for a second day after Republic Holdings and Guardian Holdings traded at 52 weeks’ highs.
The T&T Composite Index slipped 2.16 points to 1,501.13. The All T&T Index shed 3.49 points to end at 1,915.36, while the Cross Listed Index closed with a decline of 0.11 points at 147.23.
The market closed with five stocks rising, six declining while five remained unchanged as the number of securities changing hands remained constant over the past three days, at 16. The volume of stocks passing through the market fell to 383,853 shares valued $7,140,746, compared to 638,454 shares for $7,493,916 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and three with lower offers.
Gainers| CinemaOne exchanged 1,375 shares and rose 22 cents to close at $5.97, Guardian Holdings added 1 cent in exchanging 76,290 stock units to end at a 52 weeks’ high of $23. Massy Holdings gained 1 cent to close at a 52 weeks’ high of $63 with 5,430 shares changing hands, Prestige Holdings added 25 cents in transferring 106 stock units at $9.25 and Republic Financial Holdings traded 67 shares and gained 40 cents to close at a 52 weeks’ high of $145.40
Losers| Angostura Holdings exchanged 65 shares and fell 15 cents to end at $16.20, First Citizens Bank dropped $1.35 as 17,947 stock units changed hands to settle at $46.80, JMMB Group shed 1 cent to end at $2.48, with 600 stock units crossing the market. Trinidad & Tobago NGL transferred 105,933 shares and fell 10 cents to close at a 52 weeks’ low of $20, Unilever Caribbean traded 36 stock units and slipped 50 cents to a 52 weeks’ low of $20.50 and West Indian Tobacco lost $1 to close at $38 while trading 69 stock units.
Firm Trades| Calypso Micro Index Fund traded 60 shares at $16, Clico Investment closed trading of 18,926 units at $28.61. First Caribbean International Bank saw 600 changing hands, to close at $7.89, National Flour ended with 1,700 units crossing the market at $1.45 and NCB Financial traded 171,000 shares at $11.35.
Prices of securities trading are those at which the last trade took place.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Supreme Ventures lost $1 to end at $20, with 73,161 shares changing hands, Sygnus Credit Investments closed at $20.50, with a loss of $3.30 swapping 124,690 shares. Victoria Mutual Investments lost 50 cents to end at $7.50, in trading 295,373 shares, Wisynco Group lost $2.45 in transferring 495,518 shares at $20, and in the preference section, Productivity Business Solution closed with 5,000 units crossing the exchange and rose $5 to $105.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was negative with a reading of two stocks ending with bids higher than their last selling prices and eight with lower offers.
Lasco Distributors traded 100,800 shares to close at $2.90 after falling 8 cents. Limners and Bards ended trading of 237,677 units and gained 8 cents to end at $2.59, Lumber Depot closed with a loss of 2 cents at $1.38, after swapping 83,259 shares, Mailpac Group declined 5 cents in trading of 1,645,068 units at $1.75. Main Event ended with a loss of 1 cent at $5.61 with 10,463 stock units changing hands, Medical Disposables closed trading of 5,500 units and gained 83 cents to end at $6.98, Paramount Trading finished the day at $1.92 after rising 2 cents with 20,000 shares traded. Stationery and Office Supplies lost 75 cents after 78,692 stock units changed hands, to close at $8.50 and tTech declined 31 cents to close at a 52 weeks’ low of $3.87 with 11,194 units crossing the exchange.
The T&T Composite Index slipped 6.72 points to close at 1,503.29. The All T&T Index shed 9.37 points to end at 1,918.85, while the Cross Listed Index closed with a decline of 0.55 points to end at 147.34.
Trinidad & Tobago NGL transferred 11,677 shares and fell 15 cents to close at a 52 weeks’ low of $20.10. Trinidad Cement lost 4 cents and closed trading of 36,438 units at a 52 weeks’ low of $1.81 and West Indian Tobacco lost 25 cents to close at $39 while trading 17,465 stock units.
The JSE All Jamaican Composite Index declined by 5,335.20 points to close at 505,830.27, the JSE Market Index dropped 4,832.90 points to 460,484.22 and the JSE Financial Index lost 1.47 points to 124.12.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Sagicor Group dropped $3.90 to end at $61.10, with an exchange of 1,136,646 shares, Salada Foods closed at $34, with a loss of $1 trading 1,592 shares. Scotia Group ended at $52.50, after losing $1.51 transferring 179,479 shares, Seprod declined by $4.34 after exchanging 24,220 units and closed at $47.07, Supreme Ventures lost $1.35 to end at $21, in swapping 58,263 shares. Sygnus Credit Investments closed at $23.80, with a loss of 70 cents trading 43,363 stock units, Victoria Mutual Investments lost 50 cents to end at $8, with 669,559 shares changing hands and Wisynco Group shed 45 cents to settle at $22.45, in transferring 2,114,845 shares.
Wednesday decline takes the market back to January 2017 levels as investors push the prices of some stocks well below average market value on relatively small volumes.
At the close of the market, AMG Packaging lost 10 cents in trading of 14,576 units at $1.80, Blue Power gained 6 cents exchanging 21,873 shares at $4.56, Caribbean Cream settled at $3.30 after dropping 7 cents trading of 478,546 units. Caribbean Producers dipped 65 cents in the swapping of 150,530 units at $4, Derrimon Trading fell 2 cents with 33,836 units crossing the exchange at $1.96, Dolphin Cove ended market activity exchanging 1,350 shares at $11 after falling 25 cents. Elite Diagnostic shed 30 cents to close at $4.10 with 21,336 shares changing hands, Everything Fresh lost 10 cents in trading 125,575 shares to close at 85 cents, Express Catering finished with a loss of 15 cents at a 52 weeks’ low of $4.85, in swapping 47,640 shares. Fontana fell 30 cents in trading of 177,543 units at $5.80, Fosrich closed with a loss of 6 cents at $3.34, swapping 37,378 shares, General Accident ended market activity exchanging 44,529 shares at $6.05 after falling 34 cents. Honey Bun added 50 cents to close at $6.50, with 8,523 stock units trading, iCreate dropped 5 cents in the exchange of 34,369 units at 64 cents, Indies Pharma declined by 17 cents to settle at a 52 weeks’ low of $2.38 with 88,260 units crossing the market. Jamaican Teas ended with a loss of 1 cent at $6.29 with 21,534 stock units changing hands, Jetcon Corporation closed trading of 161,335 units and gained 7 cents to end at $1.25, Knutsford Express lost 35 cents to settle at $10.85 with 917 stock units traded. 
Lasco Distributors ended market activity exchanging 8,230 shares to close at $2.98 after falling 2 cents, Lasco Financial finished 20 cents higher at $3.20 with 75,804 stock units trading, after the price hit a 52 weeks’ low of $2.80, Lasco Manufacturing closed with 163,856 shares changing hands at $3.30 after falling 35 cents. Limners and Bards shed 11 cents in trading 86,934 units at $2.51, Main Event ended with 21,779 units crossing the exchange and gained 2 cents to close at $5.62, Medical Disposables exchanged 8,816 shares to close at $6.15 after falling 15 cents. Stationery and Office Supplies lost 70 cents in trading 1,100 stock units to close at $9.25, SSL Venture shed 5 cents in after transferring ownership of 20,696 units at $1.23. tTech closed 18 cents higher at $4.18, with 7,000 stock units crossing the exchange and CAC 2000 preference shares rose 20 cents to $1 after 11,547 units changed hands.
The T&T Composite Index slipped 0.13 points to close at 1,510.01. The All T&T Index added 1.72 points to end at 1,928.22, while the Cross Listed Index closed with a decline of 0.27 points to end at 147.48.
Trinidad & Tobago NGL transferred 38,051 shares and fell 15 cents to close at a 52 weeks’ low of $20.25.
The T&T Composite Index slipped 3.32 points to close at 1,510.14. The All T&T Index dropped 9.81 points to end at 1,926.50, while the Cross Listed Index closed with a rise of 0.44 points to end at 148.16.
Calypso Micro Index Fund traded 1,840 shares at $16, Clico Investment closed trading with 228,730 units at $28.60, Grace Kennedy traded 1,000 units to close at $3.85. Guardian Holdings traded 18,187 shares to end at $22.25, National Enterprises traded 765 shares to end at $5.51.,NCB Financial traded 5,081 shares at $11.35, Point Lisas traded 194,126 shares at $3.75. Prestige Holdings exchanged 275 at $8.99, Scotiabank traded 10,180 units to end at $62.50, One Caribbean Media close at $7.75 while exchanging 1,100 shares and West Indian Tobacco closed at $39 while trading 300 stock units.
At the close, the JSE All Jamaican Composite Index plunged 14,424.69 points to close at 511,165.47. The previous biggest fall in the JSE Composite index was 12,616.74 points on October 18, 2018. The JSE Market Index nose-dived 13,201.50 points to 465,317.12 and the JSE Financial Index dropped 3.55 points to 125.59.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and five closing with lower offers. The PE ratio of the market ended at 18.1, while the Main Market ended at 17.4 times the 2019 earnings.
Scotia Group ended at $54.01, after losing 49 cents and transferring 92,235 shares, Sterling Investments ended at $3, with a loss of 60 cents as 71,000 shares crossed the exchange. Supreme Ventures climbed $1.35 to settle at $22.35, in swapping 153,799 shares, Sygnus Credit Investments lost 50 cents to finish at $24.50, after trading 30,562 units and Victoria Mutual Investments gained 45 cents to end the day’s trade a $8.50, with 188,051 shares changing hands.
A significant drop of $7.08 in the price of Access Financial, 68 cents fall in Honey Bun and a 90 cents decline for Medical Disposables were stocks that had a major impact on the sharp decline of the market index on the second trading day in March.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than the last selling price and five with lower offers.
Jamaican Teas jumped 50 cents in trading 189,940 shares to settle at $6.30, Jetcon Corporation lost 13 cents in trading 161,616 shares to close at 52 weeks’ low of $1.18, Key Insurance lost 15 cents and ended market activity exchanging 30,820 shares to close at $3. Knutsford Express closed trading of 300 units and gained 20 cents to end at $11.20, Lasco Distributors swapped 13,185 shares, after rising 30 cents to end at $3, Lasco Manufacturing added 5 cents and exchanged 63,222 shares at $3.65. Limners and Bards ended market activity exchanging 75,712 shares to close at $2.62 after falling 28 cents, Lumber Depot lost 3 cents in trading 105,531 shares to close at $1.40, Main Event fell 19 cents to close at $5.60 with 176,837 shares traded. Medical Disposables declined 90 cents in swapping 21,619 units at $6.30, Paramount Trading dipped 9 cents in trading of 651,246 units at $1.90, Stationery and Office Supplies climbed to $9.95 after rising $1.09 with 3,401 shares changing hands and tTech declined by 27 cents to settle at a 52 weeks’ low of $4 with 6,806 units crossing the exchange.
