Trinidad market pops as losers beat winners


Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume traded declining modestly, with the value 14 percent more than on Tuesday resulting from trading in 24 securities trading up from 20 on Tuesday and ending with prices of four rising, nine declining and 11 ending firm.

The market closed with trading of 216,849 shares for $1,665,897 compared to 218,727 stock units at $1,463,082 on Tuesday.
An average of 9,035 shares were traded at $69,412 down from 10,936 stock units at $73,154 on Tuesday, with trading month to date averaging 14,840 shares at $86,138 compared with 16,193 units at $90,041 on the previous day and an average for February of 22,005 shares at $200,032.
The Composite Index increased 0.91 points to finish at 1,066.18, the All T&T Index gained 1.44 points to conclude trading at 1,568.55, the SME Index dropped 12.86 points to settle at 83.50 and the Cross-Listed Index popped 0.05 points to 73.99.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Angostura Holdings remained at $14.30 with 137 stocks changing hands, Ansa McAl ended at $57.99 after an exchange of 162 units, Ansa Merchant Bank gained $1.50 to close at $41.50 with investors trading 200 shares. Calypso Macro Investment Fund ended at $25 after a transfer of 9 stock units, CIBC Caribbean Bank rose 15 cents to end at $8.15 with trading of 1768 shares, Endeavour Holdings lost $2.85 to end at $16.15 in an exchange of 133 stock units. First Citizens Group declined 50 cents to $41.50 and closed with an exchange of 1,873 stock units, GraceKennedy closed at $3.69 with investors trading 37,251 stock units, Guardian Holdings shed 15 cents to finish at $14.85 in an exchange of 16,119 shares. Guardian Media remained at $1.12 after trading of 10 units, JMMB Group ended at $1.10 as investors exchanged 10,892 stocks, Massy Holdings slipped 1 cent in closing at $3.89 after trading 110,507 stock units. National Enterprises ended at $2.65 with 3,033 shares clearing the market, National Flour Mills climbed 4 cents to finish at $1.69 with traders dealing in 5,537 stocks, NCB Financial remained at $2.39 with 50 units crossing the market. One Caribbean Media ended at $2.85 with a transfer of 10 stock units, Point Lisas dropped 11 cents in closing at $3.10 after 588 shares crossed the market, Prestige Holdings remained at $11.30 with an exchange of 45 units. Republic Financial ended at $113.40 after 4,660 stocks passed through the market, Scotiabank popped 80 cents to $56 with investors swapping 401 stocks, Trinidad & Tobago NGL sank 30 cents to close at a 52 weeks’ low of $4.20 after an exchange of 2,448 shares. Trinidad Cement fell 5 cents and ended at $2.35 with 1,660 stocks crossing the exchange, Unilever Caribbean dipped 39 cents to finish at $10.76 in switching ownership of 406 stocks and West Indian Tobacco skidded 8 cents to end at 52 weeks’ low of $5.42 with an exchange of 50 units.

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

Gains for Trinidad & Tobago Exchange


Declining stocks had the upper hand in trading on the Trinidad and Tobago Stock Exchange on Tuesday, following a 333 percent rise in the volume of stocks traded accompanied by a 133 percent jump in value compared to Monday resulting in 20 securities trading down from 21 on Monday and ending with prices of four stocks rising, six declining and 10 ended firm.

The market closed with trading of 218,727 stock units valued at $1,463,082 up from 50,519 stocks at $627,842 on Monday. An average of 10,936 shares were traded at $73,154 up from 2,406 units at $29,897 on Monday, with trading month to date averaging 16,193 shares at $90,041 compared with 17,459 units at $94,111 on the previous day and an average for February of 22,005 shares at $200,032.
The Composite Index popped 2.25 points higher to close trading at 1,065.27, the All T&T Index increased 5.63 points to 1,567.11, the SME Index remained unchanged at 96.36 and the Cross-Listed Index dipped 0.19 points to conclude trading at 73.94.
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, Agostini’s ended at $68 with investors trading 386 stocks, Angostura Holdings remained at $14.30 with an exchange of 501 shares, Ansa McAl ended trading at $57.99 with 10 units clearing the market. CIBC Caribbean Bank ended at $8 with a transfer of 2,996 stock units, Endeavour Holdings remained at $19 with 520 shares crossing the exchange, First Citizens Group rallied 50 cents to close at $42 with traders dealing in 4,650 units. GraceKennedy ended at $3.69 in an exchange of 70,153 stock units, Guardian Holdings ended at $15 with investors swapping 191 stock units, JMMB Group remained at $1.10 and closed with an exchange of 39,783 shares. Massy Holdings popped 1 cent in closing at $3.90 with 49,340 stocks changing hands, National Enterprises slipped 3 cents to close at $2.65 after an exchange of 11,314 units, National Flour Mills sank 5 cents to end at $1.65 in trading 15,001 stock units. NCB Financial remained at $2.39 after 211 shares passed through the market, Prestige Holdings popped 1 cent to $11.30 in trading 4,768 stocks, Republic Financial declined 10 cents to end at $113.40 as investors exchanged 416 units. Scotiabank sank 28 cents to finish at $55.20 in switching ownership of 8,839 stock units, Trinidad & Tobago NGL rose 25 cents and ended at $4.50 with investors trading 5,688 shares, Trinidad Cement ended at $2.40 in an exchange of 1 stock unit. Unilever Caribbean dropped 4 cents to $11.15, with 1,500 units crossing the market and West Indian Tobacco fell 2 cents to finish at $5.50 after an exchange of 2,459 stocks.

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

Trading drops on Trinidad Stock Exchange


Trading dropped on the Trinidad and Tobago Stock Exchange on Monday, with a 68 percent dive in the volume of stocks traded after a 41 percent decline in the value from that on Friday following activities in 21 securities down from 26 on Friday and ending with prices of eight stocks rising, seven declining and six ending firm.

The market closed with trading of 50,519 shares for $627,842 down from 159,135 units at $1,072,478 on Friday.
An average of 2,406 shares were traded at $29,897 compared with 6,121 units at $41,249 on Friday, with trading for the month to date averaging 17,459 stock units at $94,111 well below the 22,558 units at $115,864 on the previous day and an average for February of 22,005 shares at $200,032.
The Composite Index rallied 1.44 points to settle at 1,063.02, the All T&T Index gained 1.02 points to 1,561.48, the SME Index remained unchanged at 96.36 and the Cross-Listed Index gained 0.26 points to 74.13.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Agostini’s lost 19 cents to finish at $68 crossing the exchange 25 stock units, Angostura Holdings shed 54 cents to $14.30 in switching ownership of 1 share, Ansa Merchant Bank sank $1.25 to close at $40 passed through the market 2,493 stocks. Calypso Macro Investment Fund remained at $25 with investors swapping 19 units, CIBC Caribbean Bank ended at $8 after an exchange of 2,765 stocks, First Citizens Group rose 49 cents and ended at $41.50 after closing with an exchange of 3,669 units. GraceKennedy remained at $3.69 in an exchange of 163 shares, Guardian Holdings gained 10 cents in closing at $15 with investors trading 10,000 stock units, Guardian Media ended at $1.12 after an exchange of a mere 10 shares. JMMB Group popped 2 cents to close at $1.10 with investors dealing in 150 stocks, Massy Holdings dipped 2 cents and ended at $3.89 with 9,146 units crossing the market. National Enterprises remained at $2.68 with traders dealing in 6,902 stock units. National Flour Mills increased 5 cents to $1.70 as investors exchanged 30 shares, NCB Financial fell 1 cent in closing at $2.39 after just 5 units were traded, One Caribbean Media climbed 1 cent to close at $2.85 with an exchange of 5 stocks. Prestige Holdings rallied 14 cents to end at $11.29 with 1,044 stock units changing hands, Republic Financial ended at $113.50 with investors trading 613 shares, Scotiabank advanced $1.33 to finish at $55.48 with 99 stocks clearing the market. Trinidad & Tobago NGL slipped 5 cents to $4.25 with a transfer of 2,000 units, Trinidad Cement sank 10 cents to end at $2.40 with 3,705 stock units crossing the market and West Indian Tobacco popped 2 cents in closing at $5.52 in trading 7,675 shares.

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

Appealing buys on Trinidad Stock Exchange


Winning and losing stocks switched turns this week with more decliners than winners following last week when winners outnumbered losers by 12 to 7 on the Trinidad and Tobago Stock Exchange and closed this past week with losers having upper hand, with a 3 to 2 ratio with 9 falling and 6 rising, in a week when the All Trinidad and Tobago and the Combined Indices slipped by less than 0.5 percent.

The average PE ratio of the market closed at 8 based on 2023 earnings and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In a week that ended with some stocks posting solid gains, Ansa Merchant Bank gained $1.19 to close at $41.25. Angostura Holdings popped 34 cents to $14.84 and Calypso Micro Index Fund climbed $1.40 to a 52 weeks’ high of $25.
Stocks with notable declines include First Citizens Bank with a fall of 49 cents to close at $41.01 and Endeavour Holdings with a drop of $1 to $19,
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 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 300 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 270 percent.

Light trading persists on Trinidad Exchange


Winning stocks edged out losers on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 26 securities up from 19 on Thursday and ending with prices of 10 stocks rising, seven declining and nine ending firm, following the volume of stocks traded rising 258 percent with a 6 percent greater value than on Thursday.

The market closed with trading of 159,135 shares for $1,072,478 up from 44,488 stock units at $1,014,698 on Thursday. At the close, an average of 6,121 shares were traded at $41,249 compared with 2,341 units at $53,405 on Thursday, with trading month to date averaging 22,558 shares at $115,864 down from 34,430 stock units at $169,771 on the previous day compared to an average for February of 22,005 shares at $200,032.
The Composite Index dipped 3.30 points to close trading at 1,061.58, the All T&T Index fell 6.90 points to wrap up trading at 1,560.46, the SME Index skidded 0.29 points to 96.36 and the Cross-Listed Index advanced 0.08 points to conclude trading at 73.87.
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 of a day of increased number of stocks trading, Agostini’s rose 19 cents to end at $68.19 with investors trading 20 stock units, Angostura Holdings advanced 4 cents in closing at $14.84 with 165 shares changing hands, Ansa McAl ended at $57.99 with investors swapping 78 stocks. Ansa Merchant Bank popped $1.19 and ended at $41.25 in an exchange of 28 units, Calypso Macro Investment Fund gained $1 to finish at a 52 weeks’ high of $25 after 50 shares passed through the market, CIBC Caribbean Bank remained at $8 with a transfer of 2,650 stock units. Eric Solis Marketing dipped 20 cents to $4 as investors exchanged 300 stocks, First Citizens Group popped 1 cent and ended at $41.01 in switching ownership of 4,379 units, GraceKennedy remained at $3.69 with investors trading 3,690 stocks. Guardian Holdings ended at $14.90 with 580 units clearing the market, Guardian Media remained at $1.12 with investors trading 1,100 shares, JMMB Group increased 1 cent to end at $1.08 after a transfer of 6,442 stock units. L.J. Williams B share ended at 81 cents with 3,500 shares crossing the exchange, Massy Holdings lost 4 cents to end at $3.91 with investors dealing in 55,048 stocks, National Enterprises declined 1 cent to close at $2.68 after an exchange of 3,050 units. National Flour Mills shed 5 cents to end at $1.65 after the trading of 2,852 stock units, NCB Financial rallied 1 cent to finish at $2.40 in an exchange of 47,183 shares, One Caribbean Media dipped 1 cent to $2.84 with traders dealing in 1,925 stocks.  Point Lisas rose 1 cent to $3.21 with 1,200 units changing hands, Prestige Holdings ended at $11.15 after an exchange of 20 stock units, Republic Financial remained at $113.50 with 2,147 shares crossing the market, Scotiabank fell 1 cent to finish at $54.15 with an exchange of 2,942 stock units, Trinidad & Tobago NGL rallied 5 cents and ended at a 52 weeks’ low of $4.30 with 6,905 units crossing the market, Trinidad Cement increased 1 cent to close at $2.50 with investors dealing in 9,450 stocks. Unilever Caribbean ended trading at $11.19 and closed with an exchange of 132 units and West Indian Tobacco slipped 2 cents and ended at $5.50 with 3,299 changing hands.

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

Trading dived on T&T Stock Exchange


At the close of trading on the Trinidad and Tobago Stock Exchange on Thursday, winning and losing stocks were equal in numbers following trading in 19 securities compared with 17 on Wednesday and ending with prices of seven rising, seven declining, including 3 that closed at 52 weeks’ low and five ending firm, resulting in the volume of stocks traded declining 96 percent valued 80 percent less than on Wednesday.

The market closed with trading of 44,488 shares for $1,014,698, drastically down from 1,194,994 stock units for $5,097,202 on Wednesday.
An average of 2,341 shares were exchanged at $53,405 well below 70,294 units at $299,835 on Wednesday. Trading month to date averages 34,430 shares at $169,771 versus an average of 22,005 shares at $200,032 in February.
The Composite Index fell 0.69 points to settle at 1,064.88, the All T&T Index dropped 1.33 points to close at 1,567.36, the SME Index remained at 96.65 and the Cross-Listed Index was unchanged at 73.79.
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 a shortened week for trading, Agostini’s remained at $68 after an exchange of 9,998 stocks, Angostura Holdings rose 30 cents to $14.80 with investors trading 25 stock units, Ansa McAl closed at $57.99 after a transfer of 17 shares. Endeavour Holdings declined $1 in closing at $19 after an exchange of 75 stock units, First Citizens Group sank $1.12 to end at $41 with 3,231 shares being traded, GraceKennedy rose 1 cent to finish at $3.69 with investors dealing in 90 stock units. Guardian Holdings ended at $14.90 with 900 units crossing the exchange, JMMB Group dropped 1 cent to finish at a 52 weeks’ low of $1.07 with investors trading 47 stocks, Massy Holdings sank 1 cent in closing at $3.95 with an exchange of 2,960 shares. National Enterprises gained 8 cents to finish at $2.69 with 105 units clearing the market, National Flour Mills remained at $1.70 with traders dealing in 20 stocks, One Caribbean Media popped 13 cents to close at $2.85 after an exchange of 4,413 stock units. Prestige Holdings remained at $11.15 with a transfer of 50 shares, Republic Financial dipped 2 cents in closing at $113.50 with investors swapping 513 units, Scotiabank increased 6 cents and ended at $54.16 in an exchange of 86 stocks. Trinidad & Tobago NGL fell 5 cents to close at a 52 weeks’ low of $4.25 with 12,163 stock units changing hands, Trinidad Cement rallied 4 cents to finish at $2.49 in trading 3,900 shares, Unilever Caribbean advanced 34 cents to end at $11.19 with 569 stocks crossing the market and West Indian Tobacco slipped 3 cents to a 52 weeks’ low of $5.52 as investors exchanged 5,326 units.

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

No TTSE trading on Monday & Tuesday


There is no trading on the Trinidad and Tobago Stock Exchange is Monday March 3 and on the following day as the country celebrates with Carnival activities on both days.

After a two days break, trading resumes on  Ash Wednesday which is not a public holiday in the country, with the All Trinidad & Tobago Index at 1566.83 and the Composite index at 1,064.71 following the close of the market last Friday.

Trinidad stocks end with weekly gains


Stocks fueled gains in the Trinidad and Tobago Stock Exchange at the close of the week resulting in the All Trinidad and Tobago and the Combined Indices rising between 0.3 and 0.5 percent with the gap between winning and losing stocks narrowing sharply from 7 stocks gaining and 11 declining last week to compared with 7 rising and 8 this week.

Angostura Holdings aged rum.

The average PE ratio of the market, closed at 8.32 based on 2023 earnings compared to 7.7 last week and 5.75 based on estimates of the 2024 earnings. The difference graphically illustrates the market’s current undervalued level and the potential gains ahead.
In another week of mostly moderate price movements, Angostura Holdings popped 50 cents to $14.50 and Unilever Caribbean recovered the 38 cents lost last week in closing at $11.19. CinemaOne is the only stock that fell with a notable loss, with the price dropping 72 cents to close at $4.68.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the severely undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 135 percent, First Citizens Bank 100 percent, Massy Holdings 50 percent, Trinidad Cement with 325 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 250 percent.

Scotiabank up $1.63 lifts Trinidad Exchange


Scotiabank jumped $1.63 to lead stocks higher on the Trinidad and Tobago Stock Exchange on Thursday, with winning stock overwhelmed losers following a 65 percent drop in the volume of stocks traded with the value declining by 78 percent compared to trading on Wednesday resulting in trading of 15 securities up from 13 on Wednesday and ending with prices of seven rising, two declining and six ending firm.

The market closed with trading of 86,769 shares for $684,762 well off from the 244,787 stock units trading at $3,084,120 on Wednesday.
The market closed with an average of 5,785 shares were traded at $45,651 down from 18,830 units at $237,240 on Wednesday. Trading for the month to date averaged 22,530 shares at $206,864 to be in line with 23,310 units at $214,373 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index increased 3.69 points to conclude trading at 1,064.41, the All T&T Index rose 7.14 points to 1,567.04, the SME Index remained unchanged at 96.65 and the Cross-Listed Index ended at 73.70.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
Fresh from reduced trading activity, Agostini’s ended at $68 in an exchange of 304 shares, Ansa McAl slipped 1 cent to $57.99 with 11 stocks clearing the market, Calypso Macro Investment Fund rose 40 cents to end at 52 weeks’ high of $24 after investors exchanged just 4 shares. First Citizens Group remained at $41 with a transfer of 3,891 stock units, L.J. Williams B share ended at 75 cents with 48,173 shares crossing the exchange, Massy Holdings remained at $3.89 in trading 346 units. National Enterprises climbed 7 cents to $2.72 after 6,484 stocks passed through the market, NCB Financial ended at $2.39 after an exchange of 2,100 stock units, Prestige Holdings sank 15 cents to finish at $11.15 in trading 1,386 shares. Republic Financial rose 2 cents in closing at $113.52 with an exchange of 2,550 stock units, Scotiabank rallied $1.63 to close at $55.65 with 427 stocks changing hands, Trinidad & Tobago NGL remained at $4.65 after a transfer of 4,000 stock units. Trinidad Cement popped 10 cents to  end at $2.45 with 100 shares crossing the market, Unilever Caribbean gained 38 cents to end at $11.19 after an exchange of 20 stock units and West Indian Tobacco advanced 2 cents in closing at $5.55 with 16,973 units changing hands.

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

Trading plunges on the Trinidad Exchange


At the close of trading on Wednesday just 13 securities were traded down from 16 on Tuesday and ended with prices of seven rising, four declining and two ending firm on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 92 percent and the value 85 percent lower than on Tuesday.

The market closed with trading of 244,787 shares valued $3,084,120 down sharply from 3,034,785 stock units at $21,161,813 on Tuesday.
Trading closed with an average of 18,830 shares for $237,240 well below 189,674 units at $1,322,613 on Tuesday, with trading month to date averaging 23,310 shares at $214,373 in line with 23,499 units at $213,412 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index shed 0.57 points to finish at 1,060.72, the All T&T Index fell 1.60 points to settle at 1,559.90, the SME Index remained unchanged at 96.65 and the Cross-Listed Index gained 0.07 points to end at 73.70.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of a light trading day, Agostini’s skidded 19 cents and ended at $68 with investors trading 8,000 stocks, First Citizens Group sank 50 cents to $41 with 8,491 units traded, Guardian Holdings rallied 5 cents to end at $14.90 in trading 4,283 shares. JMMB Group rose 2 cents in closing at $1.08 with 10,490 stock units clearing the market, Massy Holdings gained 1 cent to finish at $3.89 with investors trading 168,929 shares, National Enterprises popped 1 cent to close at $2.65 with 2,786 units crossing the market. National Flour Mills declined 2 cents to $1.68 with investors trading 90 stocks, NCB Financial remained at $2.39 with 5,000 stock units crossing the exchange, Republic Financial advanced 1 cent in closing at $113.50 with investors swapping 10,923 shares. Scotiabank sank 4 cents to close at a 52 weeks’ low of $54.02 after a transfer of 1,556 stock units, Trinidad & Tobago NGL increased 1 cent to finish at $4.65 after closing with an exchange of 18,435 stocks, Trinidad Cement climbed 5 cents and ended at $2.35 after 860 units passed through the market and West Indian Tobacco ended at $5.53 in switching ownership of 4,944 stocks.

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