
Massy stock price recovers on Wednesday from Tuesday’s drop.
Only 10 securities traded on the Trinidad & Tobago Stock Exchange on Wednesday, compared to 15 on Tuesday, with 2 advancing, 1 declining and 7 remaining unchanged, leading to a rise in market indices.
The market closed, as 342,323 shares changed hands, at a value of $4,812,950, compared to Tuesday’s trades of 218,112 valued at $3,234,221. At the close, the Composite Index inched up 0.43 points to 1,206.72, the All T&T Index gained just 0.85 points to 1,790.04 and the Cross Listed Index closed at 83.52.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Massy Holdings recovered 49 of the 48 cents it lost on Tuesday to close at $49.99, in exchanging just 20 shares and NCB Financial Group closed at $4.06, rising 1 cent with 24,500 shares trading.
Losses| West Indian Tobacco lost 4 cents to close at a 52 weeks’ low of $125.90, with an exchange of 13,136 units valued at $1,653,788.
Firm Trades| First Caribbean International traded 203,000 shares at $7.60, valued at $1,542,800,
First Citizens exchanged 24,979 shares at $31.64, valued at $790,127, JMMB Group closed at $1.25, with 410 units changing hands. National Enterprises held firm at $10.49, with 2,000 shares, Republic Financial Holdings closed at $101.90 while exchanging 3,152 shares valued at $321,189, Trinidad Cement remained at $4.14 trading 66,136 shares and Trinidad & Tobago NGL closed at $21.90 with 4,990 units switching owners.
Investors’ sentiment in the Trinidad & Tobago Stock Exchange remains weak, with just 2 stocks advancing, 6 falling and 7 remaining unchanged, at the close of trading on Tuesday. The Investor’s Choice bid-offer Indicator confirms the weakness, with just 1 stock with a bid that is higher than the last selling price and 8 with lower offers, at the end of trading.
Enterprises was down 1 cent, closing at $10.49, with 8,000 shares changing hands, Sagicor Financial closed at $8, with a loss of 1 cent trading 85,520 shares valued at $684,246 and Trinidad Cement lost 1 cent to close at $4.14, with an exchange of 11,358 shares.
The Trinidad & Tobago Stock Exchange closed on Monday Market with a negative bias even as the all three market indices rose from a positive advance, decline ratio.
Scotiabank traded 3 cents higher to close at $58.03, with 802 units switching owners.
Losses| Clico Investment lost 1 cent to close at $22.50 exchanging 15,495 shares valued at $348,719, Massy Holdings ended trading at a 52 weeks’ low of $49.98 with 99,818 shares changing hands at a value of $4,988,968, Sagicor Financial closed at $8, losing 48 cents with 35,600 shares traded and Scotiabank was down 3 cents to $58, with 2,475 shares exchanged.
Point Lisas gained 1 cent, to end at $3.88, with trades of 194,319 units valued at $753,958 and Trinidad Cement closed at $4.15, rising by 1 cent in exchanging 24,656 shares.
The Trinidad & Tobago Stock Exchange closed on Wednesday with 8 stock declining with very small changes and none rising. Trading closed with 191,141 securities changing hands at a value of $5,051,742 compared to Tuesday’s trades of 450,749 valued at $7,406,212.
One Caribbean Media closed at a 52 weeks’ low of $15, losing 1 cent with 300 shares trading. Point Lisas traded at $3.87, with a loss of 1 cent and 51,000 shares switching owners, Prestige Holdings closed 4 cents lower to a 52 weeks’ low of $10.70 trading 3,934 shares, Sagicor Financial lost 2 cents to close at $8.48, with an exchange of 5,211 shares and Trinidad & Tobago NGL closed at $21.89 with a loss of 1 cent and an exchange of 12,768 shares.
Falling prices had the upper hand in trading on the Trinidad & Tobago Stock Exchange on Tuesday resulted in 3 stocks advancing, 4 declining and 7 holding firm as 14 securities changed hands, the same as on Monday, leading to a fall in all market indices.
Losses| Clico Investment lost 1 cent to close at $22.50 exchanging 52,200 shares valued at $1,174,548, First Caribbean International traded 10 cents lower to close at $7.60 exchanging 2,500 shares, Guardian Holdings lost 1 cent, to end at $16.09 with 2,159 shares changing hands and Unilever Caribbean closed at a 52 weeks’ low of $51.25, with a loss of 75 cents trading 40,000 shares valued at $2,050,000.
One Caribbean Media dominated market activity Trinidad & Tobago Stock Exchange on Monday with 91 percent of both the 1,204,518 units traded and the value of $18,120,647 traded. Monday’s trading compared to Friday’s 2,080,937 units valued at $4,909,138.
Scotia Investments closed at $2, with gains of 4 cents trading 1,000 units.
Scotia Investments now the subject of a proposed buyout by the Jamaica parent Scotia Group dominated trading on the Trinidad & Tobago Stock Exchange on Friday with 97 percent of the trades. The stock gained 6 cents to close at $1.96, with trading 2,024,656 shares valued at $3,948,159.
Trinidad & Tobago NGL traded 40 cents lower, closing at $21.90 with trades of 1,500 units and Trinidad Cement closed at $4.14, with a loss of 1 cent exchanging 5,000 shares.
West Indian Tobacco lost 6 cents to close at a 52 weeks’ low of $125.94, with 8,950 shares changing hands valued at $1,127,163.