TTSE still no aggression | Buyers want stocks to buy in the Trinidad market and some sellers want to sell but there appears to be a standoff with sellers not wanting to part with some of the stocks that are not in great demand at much lower prices that they are offering to sell for. The same seems true for buyers, as there are clearly a shortage of some stocks on the market. The result of this standoff is limited trading and small price changes.

Trading on the main market | 13 securities trading with 5 advancing, none declined and 8 traded firm with a volume of 462,965 shares valued at $10,535,326.98. Conglomerate Ansa Mcal traded 125,000 shares for $8,402,500; Angostura Holdings traded 109,500 shares with a value of $985,479, while First Caribbean International Bank moved 50,000 shares valued at $400,000.

Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 7,447 shares valued at $156,827.

Slow day in T&T

Stocks were not actively traded today on the Trinidad & Tobago Stock Exchange. Only 13 securities traded with 1 advancing and 1 declining. The number of securities that traded speaks to the sluggishness of trading. The main market registered a volume of 551,546 shares valued at $6,304,909 while two mutual fund traded with 147,371 shares changing hands valued at $2,959,830.19.

Trinidad Cement traded 376,710 shares valued at $359,696, Guardian Media traded 116,100 shares for $2,292,969.00, ANSA Mcal saw 37,000 shares trading with a value of $2,487,140, while Republic Bank added 8,952 shares valued at $984,720.

Price changes were moderate resulting in virtual no movement in the indices.

Moderate Price movements

Trading volume in the main market was 1,231,545 shares valued at $7,881,995.28. Trinidad Cement traded 1,036,555 shares for a value of $984,727, followed by Scotiabank Trinidad & Tobago with a volume of 85,000 shares for $5,894,750. Angostura Holdings accounted for 55,125 shares with a value of $496,136.  14 securities of which 5 advanced, 4 declined and 5 traded firm.

Scotia Investments was the day’s largest gainer, increasing $0.15 to end the day at $1.70. Conversely, Clico Investment Fund suffered the day’s greatest loss, falling $0.05 to close at $21.04 while trading a volume of 66,564 shares valued at $1,400,198.

3 stocks traded at 52 weeks high on Tuesday while there were 5 stocks with bids above last selling price and 5 with offers below the last selling price.

Moderate Monday

Trading on the Trinidad & Tobago stock exchange was moderate with a volume of 219,942 shares crossing the floor of the Exchange valued at $2,641,580.

Angostura Holdings was the volume leader with 104,400 shares changing hands for a value of $939,600.00, followed by Point Lisas Industrial Port Development Corporation with 74,000 shares being traded for $266,400. Investors bought 9,174 Republic Bank shares with a value of $1,009,135. National Flour Mills enjoyed the day’s largest gain, increasing $0.05 to end the day at $0.86 as 15 securities traded of which 5 advanced and 10 traded firm. There were no stocks recording price declines. While there are signs of further price gains for some stocks, there are some that indicate they are likely to suffer a price decline as there are sellers who have not been able to find buyers for some time with the price they are offered at either being at the last selling price or below.

Five stocks closed with bids over the last selling price.

Stocks to watch this week | Investors should keep a close eye on the following stocks as they have the potential to record price gains. These are Ansa MaCal, One Caribbean media, Republic Bank, Scotia Bank and West Indian Tobacco.

TCL dominates, Grace gains

Trinidad Cement (TCL) traded 1,297,434 shares and the price was down 2 cents to 95 cents at the end of trade. Grace Kennedy traded 35,400 units and gained 27 cents to close at $3.60 in the process. There was still unfilled demand at the end of trade at $3.61 but there were no stocks on offer. Angostura Holdings traded 44,800 units at the same price as prior to today. Grace released their first quarter result yesterday and this may have contributed to the price changes.

Trading accounted for 1.4 million units, valued at $2.33 million as two stocks registered price gains and one fell. Ten securities traded for the day.