The Trinidad and Tobago Stock Exchange All Trinidad Index fell 12.49 points to close at 1,673.86 for the week ending on Friday, even as Ansa McCal jumped $4.48 to close the week at $63 but Scotiabank drop $1 during the week to be the stock with the biggest decline.
The market closed with eight stocks declining and six rising with Ansa McCal being by far the biggest price mover in a week that saw Republic Financial, Guardian Holdings and JMMB Group closing at 52 weeks’ low and Endeavor closing at a 52 weeks’ high of $17.
The market continues to decline for 2024 to date. This comes with tightness in the financial market in the country. The latest move by the central bank flowing from an unscheduled monetary policy meeting was the lowering of reserves of banks held at the central banks, from 14 percent to 10 percent of prescribed liabilities with effect from the reserve week beginning July 24, 2024. While the central bank kept their repo rate at 3.5 percent they indicate the Treasury bill rates have steadily declined by 27 basis points since February. At the last auction in July the average rates came out at 1.40 percent.
“Production indicators monitored by the Central Bank during the fourth quarter of 2023 and into the first three months of 2024, such as local sale of cement and new motor vehicle sales, point to vibrancy in some non-energy sectors. Meanwhile, data from the Ministry of Energy and Energy Industries indicate that output of crude oil and natural gas from the mature fields continued to slip over this period.”
PE ratios still show several stocks listed on the Trinidad and Tobago to be undervalued.
Economic uncertainty hitting Trinidad stocks
Heavy stock losses on Trinidad Exchange
Winning stocks were absent from the Trinidad and Tobago Stock Exchange on Friday, except for one as declining stocks continue to dominate market that has been in continuous decline for years that closed with a 52 percent drop in the volume of stocks traded, with a 33 percent lower value than on Thursday, resulting in 16 securities trading, down from 20 on Thursday and ending with prices of one stock rising, eight declining and seven ended firm.
The market closed with trading of 356,474 shares for $2,045,458 compared to 738,069 stock units at $3,061,906 on Thursday.
An average of 22,280 shares were traded at $127,841 compared with 36,903 units at $153,095 on Thursday, with trading month to date averaging 11,550 shares at $144,483 compared with 11,026 units at $145,296 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index slipped 2.26 points to 1,118.49, the All T&T Index dropped 3.18 points to wrap up trading at 1,673.86, the SME Index remained unchanged at 78.26 and the Cross-Listed Index dipped 0.18 points to close at 73.37.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa McAl remained at $63 after an exchange of 45 stocks, Calypso Macro Investment Fund ended at $24.25, with 1,569 units crossing the market, investors traded 540 shares of First Citizens Group at $44.05 each. FirstCaribbean International Bank ended at $6.86 with an exchange of 10,005 stock units, Guardian Holdings fell 10 cents in closing at a 52 weeks’ low of $15.45 with 100 shares clearing the market, JMMB Group ended at $1.10 with a transfer of 2,095 units. Massy Holdings gained 2 cents in closing at $3.60 following the trading of 318,218 stocks, National Enterprises remained at $3.19 after an exchange of 1,560 stock units, National Flour Mills dipped 3 cents to finish at $2 with investors trading 89 shares. 
One Caribbean Media sank 52 cents and ended at $3.14 in switching ownership of 75 units, Prestige Holdings fell 40 cents to end at $11.50 with traders dealing in 1,743 stocks, Republic Financial shed 10 cents to close at a 52 weeks’ low of $115 in an exchange of 4,285 stock units. Scotiabank declined $1 to $63 after 3,250 shares crossed the market, Trinidad Cement lost 13 cents to finish at $2.51 after a transfer of 10,000 stocks, Unilever Caribbean skidded 24 cents and ended at $10.75 as investors exchanged 1,080 units and West Indian Tobacco remained at $8.50 after it closed with 1,820 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on Trinidad Exchange
Stocks ended with mostly gains on the Trinidad and Tobago Stock Exchange on Thursday, but the market major market indices slipped as the volume of stocks traded jumped by 469 percent valued 231 percent more than on Wednesday and resulted in trading of 20 securities up from 17 on Wednesday and ending with prices of seven rising, five declining and eight ended firm.
The market closed with trading of 738,069 shares for $3,061,906 up from 129,803 stock units at $924,862 on Wednesday.
An average of 36,903 shares were traded at $153,095 in contrast to 7,635 units at $54,404 on Wednesday, with trading month to date averaging 11,026 shares at $145,296 compared to 9,346 stock units at $144,793 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dipped 2.92 points to 1,120.75, the All T&T Index dropped 5.65 points to settle at 1,677.04, the SME Index remained at 78.26 and the Cross-Listed Index was unchanged at 73.55.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of trading, Agostini’s ended at $68.78 with a transfer of 579 stock units, Angostura Holdings popped 50 cents in closing at $17.75 as investors exchanged 25 shares, Calypso Macro Investment Fund ended at $24.25 and closed with an exchange of 431 units. 
Endeavour Holdings advanced $2 and ended at a 52 weeks’ high of $17 after investors traded 72 stocks, First Citizens remained at $44.05 with investors trading 800 units, FirstCaribbean International ended at $6.86 after 30 stock units were traded. GraceKennedy remained at $3.79 in the trading of 10 shares, Guardian Holdings slipped 5 cents to end at a 52 weeks’ low of $15.55 after an exchange of 422 stock units, JMMB Group fell 3 cents in closing at $1.10 with investors trading 20 shares. Massy Holdings slipped 2 cents to finish at $3.58 in switching ownership of 673,271 units, National Enterprises lost 1 cent and ended at $3.19 with traders dealing in 47,005 stocks, National Flour Mills ended at $2.03 in an exchange of 2,730 stock units. 
Investors in NCB Financial shares traded 569 shares at $3, One Caribbean Media dipped 1 cent to $3.66 with an exchange of 100 units, Point Lisas rose 5 cents to $3.15 with 1,250 stock units changing hands. Prestige Holdings gained 29 cents to end at $11.90 after a transfer of 8 stock units, Republic Financial rallied $1.10 to $115.10 with investors trading 1,565 shares, Scotiabank popped 1 cent higher to $64 in an exchange of 2,910 stocks. Trinidad Cement climbed 13 cents to $2.64 after 3,772 units were traded and West Indian Tobacco remained at $8.50 with 2,500 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Few shares rise on Trinidad Exchange
Stocks continued with the negative bias for the year at the close of the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 17 securities trading up from 14 on Tuesday and ending with prices of just two stocks rising, eight declining and seven ending firm with the volume of stocks traded, declining by 48 percent valued 41 percent lower than on Tuesday.
The market closed with 129,803 shares trading valued at $924,862 compared to 247,600 stock units at $1,557,890 on Tuesday.
An average of 7,635 shares were traded at $54,404 compared with 17,686 units at $111,278 on Tuesday, with trading month to date averaging 9,346 shares at $144,793 compared with 9,446 units at $150,075 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index popped 4.49 points higher to 1,123.67, the All T&T Index slipped 2.47 points to 1,682.69, the SME Index sank 9.52 points to 78.26 and the Cross-Listed Index rallied 1.67 points to 73.55.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Calypso Macro Investment Fund remained at $24.25 in switching ownership of 90 stock units, Endeavour Holdings shed $2 to $15, with 240 shares changing hands, First Citizens ended at $44.05 after trading 3,747 units. FirstCaribbean International Bank ended trading at $6.86 after an exchange of 7,992 stocks, GraceKennedy slipped 10 cents to finish at $3.79 with a transfer of 3,390 units, JMMB Group gained 10 cents to end at $1.13 as investors exchanged 1,120 shares. Massy Holdings skidded 5 cents to $3.60 with 98,074 stocks passing through the market, National Enterprises ended at $3.20 with an exchange of 2,520 stock units, National Flour Mills fell 2 cents to end at $2.03 with 270 shares crossing the market. 
NCB Financial popped 20 cents in closing at $3 after a transfer of 431 units, Prestige Holdings lost 29 cents and ended at $11.61 with investors exchanging 828 stocks, Republic Financial dropped $1.10 to finish at $114 after an exchange of 2,059 stock units. Scotiabank ended at $63.99 with investors trading 63 shares, Trinidad & Tobago NGL remained at $7 with 65 stock units clearing the market, Trinidad Cement fell 5 cents to $2.51 with traders dealing in 1,135 units. Unilever Caribbean slipped 1 cent to $10.99, with 118 stocks crossing the market and West Indian Tobacco ended at $8.50 in trading 7,661 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Ansa $4.48 jump pushes Trinidad market up
Ansa McAl jumped $4.48 at the close of trading on the Trinidad and Tobago Stock Exchange on Tuesday and was the main factor in a modest rise in the major market indices, following a 599 percent surge in the volume of stocks traded with the value climbing 238 percent over trading on Monday, resulting in 14 securities trading as was the case previously and ending with prices of two stocks rising, nine declining and three ended firm.
The market closed with 247,600 shares changing hands for $1,557,890 up from 35,422 stocks at $461,124 on Monday.
An average of 17,686 shares were traded at $111,278 up from 2,530 units at $32,937 on Monday, with trading month to date averaging 9,446 shares at $150,075 compared with 9,030 units at $152,034 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index rose 0.75 points to 1,119.18, the All T&T Index gained 3.43 points to finish at 1,685.16, the SME Index remained unchanged at 87.78 and the Cross-Listed Index slipped 0.30 points to conclude trading at 71.88.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, Agostini’s lost 72 cents to close at $68.78 after trading of 50 stock units, Ansa McAl rose $4.48 to $63 as investors exchanged 14 shares, Ansa Merchant Bank ended at $42.50 with an exchange of 375 stock units. First Citizens Group dipped 1 cent to close at $44.05 after 8,599 stocks changed hands, FirstCaribbean International ended at $6.86 in trading 70 shares, JMMB Group fell 7 cents to finish at a 52 weeks’ low of $1.03, with 80,576 stocks crossing the market. Massy Holdings skidded 5 cents to $3.65 with an exchange of 139,153 stock units, National Enterprises dipped 1 cent in closing at $3.20 after 612 stocks passed through the market, National Flour Mills shed 5 cents and ended at $2.05 with investors dealing in 3,117 stock units. 
Prestige Holdings dropped 10 cents to close at $11.90 following a 52 weeks’ closing high on Monday, with an exchange of 5,000 stocks on Tuesday, Republic Financial gained 10 cents to finish at $115.10 with investors trading 3,867 shares, Scotiabank fell 1 cent to close trading at $63.99, with 25 stocks crossing the exchange. Trinidad Cement slipped 4 cents to close at $2.56 with a transfer of 1,122 shares and West Indian Tobacco remained at $8.50 with investors swapping 5,020 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for Trinidad Exchange
Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Monday, but that did not prevent the two major market indices from falling following an 18 percent decline in the volume of stocks traded with a 10 percent greater value than on Friday and resulting in the trading of 14 securities down from 17 on Friday and ending with prices of seven stocks rising, three declining and four ended firm.
The market closed with trading of 35,422 shares for $461,124 compared to 43,150 stock units at $420,035 on Friday.
An average of 2,530 shares were traded at $32,937 compared with 2,538 units at $24,708 on Friday, with trading month to date averaging 9,030 shares at $152,034 compared with 9,376 units at $158,374 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dipped 2.39 points to close at 1,118.43, the All T&T Index dropped 4.62 points to finish at 1,681.73, the SME Index closed unchanged at 87.78 and the Cross-Listed Index remained at 72.18.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Angostura Holdings lost 81 cents to finish at $17.25 with a transfer of 8 shares, First Citizens Group popped 1 cent to $44.06 with an exchange of 484 stock units, FirstCaribbean International Bank ended at $6.86 with an exchange of 151 shares. Guardian Holdings dipped 15 cents in closing at a 52 weeks’ low of $15.60 with investors trading 150 stock units, JMMB Group remained at $1.10 after an exchange of 140 shares, Massy Holdings popped 10 cents to close at $3.70 with investors trading 11,760 stocks. National Enterprises ended at $3.21 after a transfer of 3,570 units, Prestige Holdings rallied 50 cents to close at $12 in switching ownership of 1,149 stock units, 
Republic Financial rose 25 cents tot $115 after an exchange of 2,855 shares. Scotiabank remained at $64 in trading just 1 stock unit, Trinidad & Tobago NGL climbed 25 cents to end at $7, with 92 stocks crossing the exchange, Trinidad Cement sank 5 cents to finish at $2.60, with 15,000 stock units being traded. Unilever Caribbean increased 40 cents and ended at $11 in an exchange of 12 shares and West Indian Tobacco advanced 5 cents to $8.50, with 50 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks dominate Trinidad Exchange
Falling stocks outdistanced those gaining on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 17 securities compared with 15 on Thursday and ending with prices of five stocks rising, nine declining and three ending unchanged with two declining stocks traded at 52 weeks’ low.
The volume of stocks traded declined by 67 percent with a 60 percent lower value than on Thursday, with trading of 43,150 shares for $420,035 compared to 129,847 stock units at $1,051,586 on Thursday.
An average of 2,538 shares were traded at $24,708 compared with 8,656 units at $70,106 on Thursday, with trading month to date averaging 9,376 shares at $158,374 compared with 9,848 stock units at $167,611 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index rallied 0.08 points to wrap up trading at 1,120.82, the All T&T Index popped 3.02 points to close at 1,686.35, the SME Index remained unchanged at 87.78 and the Cross-Listed Index declined 0.43 points to end the day at 72.18.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Angostura Holdings increased 6 cents to end at $18.06 with investors swapping 1,000 stock units, Ansa McAl dropped $4.98 in closing at $58.52 after just one share passed through the market, Calypso Macro Investment Fund climbed 55 cents to $24.25 with investors dealing in 800 units. First Citizens Group remained at $44.05 after an exchange of 2,905 stock units, FirstCaribbean International ended at $6.86 with investors trading 647 shares, Guardian Holdings rose 15 cents to $15.75 with an exchange of 1,000 stock units. JMMB Group sank 4 cents to a 52 weeks’ low of $1.10 with 908 units changing hands, Massy Holdings skidded 10 cents in closing at $3.60 with traders dealing in 12,935 stocks, National Enterprises remained at $3.21 after an exchange of 11,045 units. 
National Flour Mills fell 2 cents to close at $2.10 with investors trading 5,015 stocks, Point Lisas declined 18 cents to end at $3.10 in an exchange of 100 shares, Prestige Holdings shed $1.20 to finish at $11.50 after trading of 1,777 stock units. Republic Financial sank 25 cents to $114.75 as investors exchanged 353 shares, Scotiabank advanced 1 cent to end at $64 with a transfer of 610 stocks, Trinidad & Tobago NGL slipped 25 cents in closing at a 52 weeks’ low of $6.75, with 100 stock units crossing the exchange. Unilever Caribbean lost 40 cents and ended at $10.60 in switching ownership of 1,584 stock units and West Indian Tobacco popped 15 cents to finish at $8.45 crossing the market 2,370 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weakness of Trinidad Exchange continues
JMMB ended trading at 52 weeks’ low and West Indian Tobacco at a multi-year low on Thursday, on the Trinidad and Tobago Stock Exchange, with trading in 15 securities, down from 18 on Wednesday and ending with prices of three stocks rising, eight declining and four ended firm following a 32 percent decline in the volume of stocks traded with a 15 percent lower value than on Wednesday.
A total of 129,847 shares were traded for $1,051,586, from 191,862 stocks at $1,239,785 on Wednesday.
An average of 8,656 stock units were exchanged at $70,106 compared with 10,659 shares at $68,877 at the close on Wednesday, with trading for the month to date averaging 9,848 shares at $167,611 down from 9,925 units at $173,941 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index climbed 2.60 points to end the day at 1,120.74, the All T&T Index rose 5.42 points to 1,683.33, the SME Index remained at 87.78 and the Cross-Listed Index dropped 0.06 points to conclude trading at 72.61.
The market continues its weak tone as reflected in the Investor’s Choice bid-offer indicator showing three stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s dipped 50 cents and ended at $69.50 after a transfer of 443 shares, Angostura Holdings slipped 6 cents to $18 with investors trading 1,029 stocks, Calypso Macro Investment Fund declined 30 cents to close at $23.70 after an exchange of 12,050 units. Endeavour Holdings ended at $17 with trading of 10 stocks, First Citizens Group added 5 cents to close at $44.05 with investors exchanging 382 shares, FirstCaribbean International Bank fell 4 cents to $6.86, with 53,358 stock units changing hands. JMMB Group shed 1 cent to close at a 52 weeks’ low of $1.14 with traders dealing in 700 units, Massy Holdings popped 20 cents to close at $3.70 after an exchange of 11,884 stocks, National Enterprises ended at $3.21 after 25,101 units passed through the exchange. 
Prestige Holdings dipped 8 cents to $12.70 with a transfer of 620 stocks, Republic Financial remained at $115 with 636 shares crossing the exchange, Scotiabank advanced 99 cents and ended at $63.99 in switching ownership of 200 stock units. Trinidad & Tobago NGL ended at $7 with 11,820 shares clearing the market, Trinidad Cement sank 30 cents in closing at $2.65 in an exchange of 11,564 stocks and West Indian Tobacco skidded 20 cents and ended at a 52 multi-year low of $8.30 with investors dealing in 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More fall out for Trinidad Exchange
Stocks ended lower at the close of the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 18 securities up from 13 on Tuesday and ending with prices of three stocks rising, four declining and 11 ending firm, resulting from a 19 percent fall in the volume of stocks traded with valued 9 percent decline in value compared with market activity on Tuesday.
The market closed with trading of 191,862 shares for $1,239,785 down from 236,530 stocks at $1,357,640 on Tuesday.
An average of 10,659 shares were traded at $68,877 compared with 18,195 units at $104,434 on Tuesday, with trading month to date averaging 9,925 shares at $173,941 compared with 9,863 units at $182,820 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dropped 3.92 points to conclude trading at 1,118.14, the All T&T Index dipped 7.59 points to 1,677.91, the SME Index remained at 87.78 and the Cross-Listed Index ended unchanged at 72.67.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of market activities, Agostini’s ended at $70 after an exchange of 208 stocks, Angostura Holdings popped 1 cent higher to close at $18.06 with investors trading 1,005 stock units, Calypso Macro Investment Fund ended at $24 after a transfer of 5 shares. Endeavour Holdings remained at $17 with 30 stocks clearing the market, First Citizens ended at $44 after an exchange of 5,317 shares, FirstCaribbean International Bank closed at $6.90, with 35,600 stocks changing hands. GraceKennedy ended at $3.89 after 35 stocks passed through the market, Guardian Holdings rose 60 cents in closing at $15.60 in trading 2,310 units, JMMB Group remained at $1.15, with 3,018 shares crossing the exchange. Massy Holdings sank 30 cents to end at $3.50 with a transfer of 110,030 stock units, 
National Enterprises ended at $3.21 with investors swapping 3,670 stocks, Point Lisas rallied 18 cents to $3.28 with an exchange of 3,031 units. Prestige Holdings ended at $12.78, with 453 shares crossing the market, Republic Financial declined 50 cents to close at $115 in an exchange of 372 units, Scotiabank lost $1 in closing at $63 with investors trading 603 stocks. Trinidad & Tobago NGL remained at $7 in an exchange of 18,797 stock units, Trinidad Cement dipped 2 cents and ended at $2.95 with traders dealing in 21 shares and West Indian Tobacco ended at $8.50 after an exchange of 7,357 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More decline for Trinidad stocks
Rising stocks shared the honours in trading on Tuesday with those declining on the Trinidad and Tobago Stock Exchange, resulting from an exchange of 13 securities down from 17 on Monday and ending with prices of two stocks rising, two declining and nine ending firm, with the market suffering another body blow with the main indices declining after the volume of stocks traded rose 5 percent and valued 81 percent less than on Monday.
The market ended trading of 236,530 shares at $1,357,640 versus 225,863 stock units at $7,248,630 on Monday.
An average of 18,195 shares were traded for $104,434 compared with 13,286 units at $426,390 on Monday, with trading month to date averaging 9,863 shares at $182,820 compared to 9,322 units at $187,914 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dipped 4.45 points to lock up trading at 1,122.06, the All T&T Index sank 6.62 points to 1,685.50, the SME Index remained unchanged at 87.78 and the Cross-Listed Index lost 0.30 points to culminate at 72.67.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Calypso Macro Investment Fund ended at $24 with investors dealing in 66 shares, First Citizens Group ended with an exchange of 205 stock units at $44, FirstCaribbean International Bank ended at $6.90 with investors exchanging 464 units. GraceKennedy closed at $3.89 after 166,221 stocks crossed the exchange, Guardian Holdings shed 60 cents to close at $15 in switching ownership of 11,164 shares, JMMB Group dipped 5 cents to finish at a 52 weeks’ low of $1.15 with 2,500 units clearing the market.
Massy Holdings ended at $3.80 with an exchange of 41,119 stocks, National Enterprises advanced 11 cents in closing at $3.21, with 355 stock units crossing the market, National Flour Mills remained at $2.12 after an exchange of 45 shares. Republic Financial popped $1.50 to end at $115.50 with a transfer of 2,371 stock units, Scotiabank ended at $64, with 23 units changing hands, Unilever Caribbean closed at $11 with an exchange of 140 stocks and West Indian Tobacco ended at $8.50 after 11,857 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
