Trading on the Trinidad & Tobago Stock Exchange resulted in declines in activity on Friday with a mere 6 securities changing hands compared to 10 on Thursday. Trading ended with 1 stock rising, 3 falling and 2 trading with the price unchanged.
By the close only 129,133 units valued at $660,796 traded, in contrast to Thursday’s 180,027 shares valued at a just $179,861.
The Composite Index lost 0.94 points to 1,205.44, the All T&T Index fell 1.22 points to 1,833.20 with its year to date loss at 5.92 percent. The Cross Listed Index was down 0.10 points to 77.19 with year to date gain of 55.91 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Praetorian Property Mutual Fund closed at $2.76, having gained 6 cents with 43,328 shares changing ownership.
Losses| Guardian Holdings closed at $12.70 for a loss of 20 cents with 29,117 shares changing hands, valued at $369,786, JMMB Group lost 2 cents, closing at 88 cents with 33,423 shares being exchanged and National Enterprises was down 1 cent to $10.65 with an exchange of 681 stock units.
Firm Trades | Clico Investment traded firm at $22.61 with 3,541 shares changing owners and National Commercial Bank closed at $2.87 with an exchange of 19,043 shares.
TTSE trading sinks on Friday
Trading drops sharply on TTSE
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.
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.
Trading picks up on Trinidad Exchange
Market activity on the Trinidad & Tobago Stock Exchange on Friday picked up marginally as the Composite and All T&T Indices recorded positive gains. Trading levels remained low with only 7 securities changing hands compared to 12 on Thursday.
At the close 3 stock advanced, 2 declined and 3 remained unchanged as 133,162 shares traded with a value of $610,132, in contrast to Thursday’s volume of only 25,307 units, valued at $525,554.
The Composite Index advanced 1.21 points to 1,206.65 points, the All T & T Index gained 1.39 points to 1,829.28 points, reducing its year to date loss to 6.12 percent. The Cross Listed Index was up 0.13 points to 78.06 points with year to date gains of 57.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| FirstCaribbean International Bank gained 1 cent to close at $8.50 with 3,554 shares 
changing hands, Guardian Holdings rebounded with gains of 36 cents, closing at $12.90 with 8,683 shares trading and Sagicor Financial added 11 cents to close at 52 weeks’ high of $7.61 as 32,363 shares switched owners.
Losses| Clico Investment slid 5 cents to close at $22.55 while 1,769 shares traded and Trinidad & Tobago NGL lost 5 cents, closing at $22.35 with 3,273 shares changing hands.
Firm Trades| JMMB Group closed with the price unchanged at 90 cents with 66,132 shares switching owners and National Commercial Bank traded at $3 with 16,388 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.
Investors pay up for Massy shares
Investors paid a slightly higher price on Tuesday, to acquire a relatively large block of Massy Holdings’ shares, worth $14.8 million. The block accounted for 84 percent of all stocks traded on the Trinidad & Tobago Stock Exchange.
Trading ended with just 9 securities changing hands compared to 10 on Monday with 3 advancing, 2 declining and 4 remaining unchanged. Market activity closed with 345,479 shares changing hands with a value of $16,556,172, in contrast to Monday’s volume of only 75,910 with a value of $5,054,214.
The Composite Index climbed higher by 1.21 points to 1,194.38 points, the All T & T Index advanced 2.40 points to 1,812.13 points, down 7 percent year to date. The Cross Listed Index remained firm at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Angostura Holdings gained 50 cents to close at $16 with 2,400 shares changing hands, First Citizens closed at $35, up 10 cents, with 8,050 shares changing hands after it traded at a low for the day of $33.26 and the volume leader. 
Massy Holdings, closed at $50.99, a gain of 2 cents after trading at $51 with 291,086 shares changing hands valued at $14,844,290.
Losses|Grace Kennedy lost one cent to close at $2.73 with 1,500 shares changing hands and Republic Financial Holdings lost 51 cents to close at $108.49 with 91 shares changing hands.
Firm Trades | JMMB Group closed at 90 cents with 8,300 shares changing hands, National Commercial Bank closed at $2.87 with 12,362 shares changing hands, National Enterprises traded firm at $10.60 with 540 shares changing hands while Scotiabank closed at $58.50 with 23,400 shares changing hands with a value of $1,368,700.
First Citizens jumps 90c on Monday
Market activity on the Trinidad & Tobago Stock Exchange declined on Monday compared to Friday’s trading levels but the market ended with a 52 cents jump in the price of First Citizens Bank shares. At the close, 10 securities traded compared to 14 on Friday, with 2 advancing, 4 falling and 4 remaining unchanged.
Trading activity closed with 75,910 shares changing hands with a value of $5,054,214 in contrast to Friday’s volume of 383,440 with a value of $8,737,234.
The Composite Index added 2.44 points to 1,193.17 points, the All T & T Index closed 4.86 points higher to 1,809.73 points, down 7.12 percent year to date. The Cross Listed Index remained unchanged at 77.07 points with year to date gains of 55.67 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 4 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| First Citizens jumped 90 cents to close at $34.90 while trading 16,336 shares with a value of $563,885 and Republic Financial Holdings gained 50 cents to close at $109 with 29,164 shares having by bought by new owners, valued at $3,164,142.
Losses| Massy Holdings lost 2 cents and closed at $50.97, with 38 shares changing hands, Scotiabank closed at $58.50, down 19 cents with 385 shares changing ownership. Investors picked up just 1,970 shares of Trinidad & Tobago NGL at $22.46 after slipping by 3 cents and West Indian Tobacco closed with the loss of 1 cent at $126.99 with 1,000 shares changing hands.
Firm Trades| Stock trading with price unchanged at the close, are Ansa McAL with 17,307 shares at $61.94, Clico Investment having 1,135 shares changing hands at $22.60, JMMB Group closed at 90 cents with 4,721 shares switching owners and Sagicor Financial closed at $7.50 with 3,854 shares trading.
