Trading on the Trinidad & Tobago Stock Exchange dropped sharply on Thursday. The market closed with 10 securities trading compared to 14 on Wednesday resulting in 180,027 units valued at $179,861 changing hands in contrast to Wednesday’s 361,588 shares valued at $3,622,735.
At the close 3 stocks advanced, 3 declined and 4 remained unchanged, leading the Composite Index in gaining 0.36 point to 1,206.38 points. The All T & T Index lost 0.10 points to 1,834.42 points with its year to date loss at 5.85 percent and the Cross Listed Index advanced 0.12 points to 77.29 points with year to date gains of 56.11 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 11 with lower offers.
Gains| Clico Investment gained 1 cent, closing at $22.61 with 7,462 shares changing hands, Sagicor Financial closed at a 52 weeks’ high of $7.64 after adding 1 cent with 13,000 shares being exchanged and Scotia Investments advanced 12 cents to close at $1.95 and 150,000 shares changing owners. The investment bank posted an 86 percent fourth quarter growth in net profit, over the similar quarter in 2015 and a strong of 32 percent for the year to October.
Losses| First Citizens Bank closed at $34.92 for a loss of 1 cent with only 32 shares changing hands, Republic Financial Holdings lost 3 cents, closing at $108.46 with 494 shares switching ownership and Trinidad & Tobago NGL was down 1 cent to $21.99 with an exchange of 584 shares.
Firm Trades| Massy Holdings traded firm at $51 with 564 shares changing owners, National Commercial Bank closed at $2.87 with an exchange of 7,000 shares, National Flour Mills, with 807 shares trading, closed at $2.52 and Prestige Holdings remained unchanged at $11 with 84 shares changing hands.
Trading drops sharply on TTSE
No trading in TCL that’s poised to rise
Market activity on the Trinidad & Tobago Stock Exchange on Wednesday resulted in 14 securities trading compared to 13 on Tuesday. Trinidad Cement with a bid by Cemex to acquire majority of shares at $4.50 did not trade and ended with 12,432 units on the bid at $4.07 and 127,363 units being offered at $4.50. Trading ended with 3 stocks advancing, 2 declining and 9 remaining unchanged.
The market closed with 361,588 shares trading with a value of $3,622,735 in contrast to Tuesday’s volume of 197,320 valued at $1,996,726.
The Composite Index declined 0.01 point to 1,206.02 points, the All T&T Index gained 0.14 points to 1,834.52 points, lowering its year to date loss to 5.85 percent. The Cross Listed Index lost 0.02 points to 77.17 points with year to date gains slipping to 55.87 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 7 stocks with bids higher than last selling prices and 10 with lower offers.
Gains| Clico Investment gained 5 cents to close at $22.60 with 75,378 shares changing hands at a value of $1,703,450, National Enterprises closed at $10.66, adding 1 cent with 500 shares trading and Scotia Investments closed at $1.83, a gain of 2 cents with 222 shares changing owners.
Losses| Ansa Merchant Bank closed at $40, a loss of 1 cent with 6,000 shares changing hands and Grace Kennedy was down 1 cent to $2.72 with 610 shares switching owners.
Firm Trades| Angostura Holdings held firm at $15.50 as 75,000 shares changed hands with a value of $1,162,500, First Citizens Bank, with 4,975 shares being exchanged, closed at $34.93, and JMMB Group closed at 90 cents with 191,407 shares changing hands. Massy Holdings remained at $51 with 1,930 shares changing owners, National Commercial Bank closed trading at $2.87 and an exchange of 95 shares, National Flour Mills, with 2,151 shares switching owners, closed at $2.52. Prestige Holdings closed at $11 with an exchange of 181 shares, Sagicor Financial at $7.63 had 775 shares changing hands and Trinidad & Tobacco NGL closed at $22 with 2,364 shares changing owners.
TCL climbs to hit $4
TCL closed closer to offer price of $4.50.
Trading ended with 13 securities changing hands compared to 11 on Monday as 3 stocks advanced, 2 declined and 8 remained unchanged. Volume traded amounted to 197,320 shares were traded with a value of $1,996,726 in contrast to Monday’s volume of 846,000 units valued at $6,385,564.
The Composite Index declined 1.29 points to 1,206.03 points, the All T&T Index gained 3.83 points to 1,834.38 points, reducing its year to date loss to 5.86 percent. The Cross Listed Index lost 0.88 points to 77.19 points with year to date gains falling to 55.91 percent.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 10 with lower offers.
Gains| National Enterprises closed at $10.65 with gains of 5 cents and 1,900 shares changing hands, Sagicor Financial crept up 1 cent, closing at a 52 weeks’ high of $7.63 with 6,000 shares changing hands. Trinidad Cement advanced 13 cents to close at $4.01 as 124,891 shares were exchanged for a value of $499,813.
Losses| National Commercial Bank closed at $2.87, with a loss of 13 cents as 6,817 shares changed hands and Trinidad & Tobago NGL was down 35 cents to $22 with 2,700 shares switching owners.
Firm Trades| Angostura Holdings remained unchanged at $15.50 with 15 shares changing hands, Clico Investment, with 10,252 shares switching owners, closed at $22.55, and FirstCaribbean International Bank held firm at $8.50 with 24,784 shares changing hands. JMMB Group closed with 4,000 shares changing hands at 90 cents, Massy Holdings held at $51 with 3,924 shares changing owners, Prestige Holdings closed at $11 with an exchange of 16 shares, Scotiabank ended at $58.69 had 12,018 changing hands valued at $705,336 and West Indian Tobacco closed at $127 with only 3 shares changing hands.
CEMEX’s Trinidad Cement offer pushes stock
Trinidad Cement shares in play.
Market activity on Monday saw an increase in trading levels with volume and value rising strongly as 11 securities traded compared to 7 on Friday. At the close, 2 stocks advanced, 2 declined and 7 remained unchanged as 846,000 shares were traded with a value of $6,385,564 in contrast to Friday’s volume of 133,162 units valued at $610,132.
The Composite Index advanced 0.67 points to 1,207.32 points, the All T & T Index gained 1.27 points to 1,830.55 points, reducing its year to date loss to 6.05 percent. The Cross Listed Index was up 0.01 points to 78.07 points with year to date gains of 57.69 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Sagicor Financial added 1 cent to close at a 52 weeks’ high of $7.62 with 1,000 shares changing hands while Trinidad Cement closed with gains of 49 cents to close at $3.88 as 608,138 shares changed hands for a value of $2,124,450.
Losses| National Flour Mills lost 4 cents to close at $2.52 with 1,010 shares changing hands and Scotiabank lost 1 cent, closing at $58.69 with 59,715 shares exchanged for a value of $3,504,673.
Firm Trades | Angostura Holdings traded firm at $15.50 with 62 shares changing hands, Ansa McAL closed at $66.50 with 73 shares changing hands, Clico Investment, with 4,187 shares switching owners, closed at $22.55, and FirstCaribbean International Bank held firm at $8.50 with 62,210 shares changing hands with a value of $528,785. JMMB Group closed with 109,385 shares changing hands at 90 cents, Massy Holdings remained unchanged at $51 with 120 shares changing owners and West Indian Tobacco closed at $127 with 100 shares changing hands.
TTSE down with 2 stocks rising
Trinidad Cement climbed 4% on Thursday & follows a $20 settlement agreement with workers to buy TCL shares.
The shares to be acquired would approximate to around 6 million units based on the current stock price.
Trading ended with 12 securities changing hands, the same in number as Wednesday with 2 advancing, 3 declining and 7 remaining unchanged as a mere 25,307 shares changed hands with a value of $525,554, in contrast to Wednesday’s volume of 184,035 valued at $4,500,237.
The Composite Index lost 0.36 points to 1,205.44 points, the All T&T Index was down 0.38 points to 1,827.89 points, down 6.19 percent year to date. The Cross Listed Index eased 0.04 points to 77.93 points with year to date gains of 57.40 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Trinidad Cement gained 14 cents to close at $3.39 with 1,000 shares being exchanged and West Indian Tobacco closed with a gain of 1 cents at $127 while exchanging 1,316 shares.
Losses| First Citizens lost 7 cents to close at $34.93 with 220 shares changing hands, FirstCaribbean International Bank lost 1 cent, closing at $8.49 with 306 shares changing hands and Guardian Holdings was down 34 cents to close at $12.54 while trading 10,378 shares.Firm Trades| Angostura Holdings held firm at $15.50 with 1,000 shares changing hands, Massy Holdings traded 1,498 shares at $51, National Enterprises, with 8,600 shares changing hands, closed at $10.60, Prestige Holdings closed at $11 with 41 shares trading. Republic Financial Holdings traded at $108.49 with 7 shares switching ownership, Scotiabank closed at $58.70 with 251 shares changing hands, Trinidad & Tobago NGL closed at $22.40 with 690 shares being active
Huge price gap in T&T cross listings
JMMB Group price on the TTSE is over 26% more than in Jamaica.
Grace Kennedy is trading at a 24 percent premium compared to the price in Jamaica, the premium for JMMB Group is over 26 percent, National Commercial Bank trades above the Jamaica listed price, by 14 percent and Scotia Investments by 22 percent. Tightness in the foreign exchange market may be causing the huge gap in prices.
Grace Kennedy trades at a 24% premium on the TTSE to the price on the JSE.
Trading ended with 12 securities changing hands compared to 9 on Tuesday with 3 advancing, 3 declining and 6 remaining unchanged, with 184,035 shares changing hands with a value of $4,500,237. Trading on Tuesday resulted in 345,479 changing hands with a value of $16,556,172.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Ansa McAL closed at $66.50 with the highest gains on the market of $4.56 and with 4,183 shares changing hands, Massy Holdings gained 1 cent to close at $51 with 3,998 shares changing hands. National Commercial Bank closed at 52 weeks’ high of $3, up 13 cents with 44,900 shares changing hands and Scotiabank closed 20 cents higher at $58.70 with 38,415 shares changing hands valued at $2,253,392.
Losses| Angostura Holdings lost 50 cents to close at $15.50 with 2,000 shares changing hands, Guardian Holdings dropped 2 cents
to close at $12.88 with 13,523 shares changing hands and Trinidad & Tobago NGL closed at $22.40 and lost 6 cents with 7,000 shares changing hands.Firm Trades | Clico Investment remained unchanged at $22.60 with 17,294 shares changing hands, valued at $390,844, First Citizens closed at $35 with 23,133 shares changing hands with a value of $808,078, Grace Kennedy, with 800 shares changing hands, closed at $2.73. JMMB Group closed at 90 cents with 11,111 shares changing hands and Trinidad Cement closed at $3.25 with 17,678 shares changing hands.
Witco pulls in $7.5m on TTSE
Witco had the largest dollar trade on the TTSE on Tuesday.
Trading activity closed with 1,012,187 shares changing hands with a value of $20,846,037, in contrast to Monday’s volume of 453,888 with a value of $6,111,495.
The Composite Index gained 0.44 points to 1,190.82 points, the All T & T Index closed 0.87 points higher to 1,804.52 points, but down 7.39 percent year to date and the Cross Listed Index closed unchanged at 77.15 points and remained with the year to date gains of 55.83 percent.
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| Guardian Holdings gained 44 cents to close at $13 with 742,704 shares changing hands valued at $9,655,042.
< Strong> Losses|Massy Holdings lost 1 cent with 5,843 shares changing hands to close at $58.43, Trinidad & Tobago NGL closed at $22.54, a loss of 7 cents with 13,202 shares changing hands and Trinidad Cement lost 15 cents to close at $3.25, with 4,500 shares changing hands.
Firm Trades | Angostura Holdings with 150,473 shares changing hands, closed at $15.50 with a value of $2,332,332, Clico Investment Fund closed at $22.60 with 20,800 shares changing hands, First Citizens closed at $33.01 with 605 shares changing hands, First Caribbean International Bank closed at $8.50 with 1,155 shares changing hands. Guardian Media closed at $19 with 6,443 shares changing hands, National Enterprises closed at $10.55 with 6,000 shares changing hands, Prestige Holdings, with 602 shares changing hands, closed at $11. Scotiabank closed at $58.72 with 500 shares changing hands and Witco closed at $126.80 with 59,360 shares changing hands valued at $7,526,848, Witco will make a dividend payout of $1.44 per share on November 24.
First Citizens trades $6.7M on TTSE
First Citizens had the largest value traded on TTSE on Friday.
Trading activity closed with 510,441 shares changing hands with a value of $$8,337,500, in contrast to Thursday’s volume of 168,658 units valued at $4,011,086.
The Composite Index advanced 1.01 points to 1,182.43 points, the All T & T Index gained 2.12 points to close at 1,804.61 points to be down 7.38 percent year to date and the Cross Listed Index dipped 0.01 points to close at 74.84 points and is up 51.16 percent for 2016.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 3 stocks with bid higher than their last selling prices and 7 with lower offers.
Gains| Angostura Holdings gained 1 cent to close at a 52 weeks’ high of $16.01 with 2,000 shares changing hands and Guardian Holdings gained 45 cents to close at $13 with 3,994 shares changing hands.
< Strong> Losses| Grace Kennedy traded 192,759 shares valued at $491,577 but lost 2 cents in closing at $2.55 and Trinidad & Tobago NGL slipped 1 cent to close at $22.70 with 500 shares trading.
Firm Trades | Ansa McAl closed at $62 with 2,000 shares changing hands, Ansa Merchant Bank ended with 46 shares changing hands at $40.01, Clico Investment Fund closed at $22.60 with just 45 shares changing hands with a value of $896,994, First Citizens traded 201,792 shares valued at $6,659,136 to close at $33. First Caribbean International Bank closed at $8.50 with 95,736 shares with a value of $813,754 changing hands, JMMB Group closed at 91 cents with 1,841 shares changing hands, Massy Holdings closed at $50.99 with 1,310 shares trading, Sagicor Financial Corporation closed at $7.20 with 7,995 shares changing hands and Scotiabank closed at $58.74 with 423 shares changing hands.
Sharp fall for TTSE stocks on Tuesday
Trading on the Trinidad and Tobago Exchange closed on Tuesday with big declines in a number of stocks, which pulled the main indices down relatively sharply. At the close of trading, 10 securities changed hands, up from 8 traded on Monday. One security advanced, 4 declined and 5 traded firm. Two stocks closed at 52-week highs’ low
Trading activity closed with 1,848,342 shares changing hands with a value of $27,261,839 in contrast to Monday’s volume of 293,440 shares with value of $3,299,850.
The Composite Index declined 4.57 points to 1,173.23 points, the All T & T Index dropped 8.06 points to close at 1,798.91 points, for a decline of 7.68 percent for the year to date, while the Cross Listed Index lost 0.14 points to close at 73.11 points, up 47.67 percent year to date.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bid higher than their last selling prices and 6 with lower offers.
Gains| National Enterprises gained 1 cent to $10.51 with 1,000 shares changing hands.
< Strong> Losses| Clico Investment Fund lost 1 cent to close at $22.60 with 502,979 shares valued at $11,367,329, Guardian Holdings lost 45 cents to close at a 52-weeks’ low of $12.50 with 1,175,542 shares for a value of $14,710,884 changing hands. 
National Commercial Bank lost 2 cents to close at $2.66 with 100,460 shares changing hands and Republic Financial Holdings lost $1.78 to close at to close at a 52-weeks’ low of $107 with 5,270 shares trading valued at $563,890.
Firm Trades | First Citizens Bank with 1,961 shares closed trading at $33, Grace Kennedy with 1,000 changing hands closed at $2.57, JMMB Group traded 50,380 shares to close at 90 cents, Massy Holdings closed with 250 shares trading at $51.00 and Trinidad & Tobago NGL ended with 9,500 shares trading at $22.75.
Trading activity drops on Friday
Trading on Trinidad and Tobago Stock Exchange closed on Friday with less activity than on Thursday, as 10 securities changed hands, down from the 15 traded on Thursday. The market closed with 134,140 shares changing hands valued at $475,187 compared to Thursday’s volume of 219,147 shares valued at $2,777,660.
At the end of trading just 1 security advanced, 4 declined, while 5 traded firm. The market closed with the Composite Index declining 0.77 points to end at 1,178.00 points. The All T & T Index lost 1.73 points to close at 1,807.57 points, down 7.23 percent for the year to date while the Cross Listed Index advanced 0.03 points to close at 73.22 points with a gain of 47.89 percent year to date.
IC bid-offer Indicator | The Investor’s Choice bid-offer indicator ended with 4 stocks with bids higher than their last selling prices and 6 with lower offers.
Gains| Grace Kennedy gained 1 cent to end with 16,997 shares and closed at $2.56.
< Strong> Losses| National Flour Mills lost 2 cents to close with 387 shares to end with $2.56, Republic Financial Holdings lost 20 cents to end with 10 shares trading and closed at $108.79. Trinidad & Tobago NGL lost 1 cent to end with 10,658 shares trading at $22.99 and Trinidad Cement lost 5 cents with 3,800 shares changing hands to end at $3.40.
Firm Trades | First Citizens Bank traded 1,195 shares to close at $33, JMMB Group with 100,363 shares to close at 90 cents, Massy Holdings with 210 shares changing hands closed at $51, Scotiabank traded 510 shares to close at $58.74 and West Indian Tobacco traded 10 shares to close $127.