Wednesday was a case of low trading activity on the Jamaican stock market, with only 13 securities trading or about 19 percent of the listings. Thursday, it’s the turn of trading on the Trinidad Stock Exchange, with only 6 securities changing hands out of 36 listings, around 17 percent participation. The two markets reflect what is happening within the wider Caribbean region, with the vast number of territories mired in economic pressures, with low or no growth. Trinidad with its petro industry, has not been spared, with the stock market marking time for several months.
In Thursday’s trading 2 advanced, 1 declined and 3 traded firm with 184,481 units changing hands, with a value of $2,910,205. The Composite Index lost 0.42 points to close at 1,144.14, the All T&T Index fell by 1.01 points to close at and the Cross Listed Index fell / increased by 0.03 points to end at 41.13.
Gains| Stocks increasing in price at the close are, First Citizens Bank contributed 4,831 shares with a value of $176,097 to end a cent higher at $36.46, while Sagicor Financial Corporation added 2,430 shares, gained 4 cents to close at $6.25.
Declines| The stock declining at the end of trading is National Enterprises with only 56 units falling 8 cents, to $17.65.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 35,525 shares valued at $781,561 declined by 1 cent to end at $22, Massy Holdings with 26,589 shares being traded for $1,821,346 to close at $68.50 and National Commercial Bank with 115,050 shares changing hands for a value of $115,050, ended at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator was reflecting 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Caribbean stock markets struggling
TTSE ends Thursday little changed
Trading on the Trinidad Stock Exchange was in 11 securities changing hands of which 2 advanced, 3 declined and 6 traded firm with 220,110 units changing hands, with a value of $4,122,720. The market was closed on Wednesday for Public holiday.
The Composite Index declined 0.10 points to close at 1,146.21, the All T&T Index fell by just 0.87 points to close at 1,978.93 and the Cross Listed Index increased by 0.03 points to end at 41.04.
Gains| Stocks increasing in price at the close are Clico Investment Fund with 32,308 shares valued at $712,391, increased by 5 cents to end at $22.05 and Massy Holdings contributed 7,093 shares with a value of $ to end at $68.52 with a gain of a cent.
Declines| The stocks declining at the end of trading are Ansa McAl traded 12,550 shares valued at $831,284 to close down 2 cents at $66.22, Scotiabank lost 2 cents and closed with 25,042 units for $1,522,553 at $60.78 and Trinidad Cement 2,000 shares traded at $2.36 for a 18 cents decline.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings contributed 5,393 shares at $12.70, Firstcaribbean International Bank with 1,250 shares at $5 First Citizens added 9,397 shares valued at $342,051 and closed at $36.40, Grace Kennedy with 810 shares to end the day at $3.70, National Commercial Bank with 120,100 shares traded at $1, Sagicor Financial Corporation with 4,167 at $6.20
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
5 stocks fell & 1 rose on TTSE
Trading on the Trinidad Stock Exchange saw 9 securities changing hands of which 1 advanced, 4 declined and 4 traded firm. A total of 143,636 units changed hands, with a value of $5,772,838.
The Composite Index lost 0.19 points to close at 1,146.32, the All T&T Index fell by 0.31 points to close at 1,979.88 and the Cross Listed Index fell by a mere 0.01 point to end at 40.94.
Gains| One Caribbean Media gained 34 cents to end the day at $25.35 for a new 52 weeks ‘ high and was the only stock increasing in price at the close.
Declines| The stocks declining at the end of trading are, National Enterprises in trading 62 units at $17.74, with a 1 cent loss, Point Lisas Industrial Port fell 18 cents to close at $4.02 while trading 1,200 shares, Sagicor Financial Corporation with 19,500 shares traded for $121,675, ended down 18 cents at $4.02 and Trinidad Cement fell to $2.54 after it lost 10 cents while trading 400 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 58,749 shares valued at $1,292,478, the price remained at $22, First Citizens Bank contributed 2,092 shares with a value of $75,312, to close at $36 and Massy Holdings with 58,676 shares changing hands for a value of $4,019,963, closed at $68.51 and West Indian Tobacco added 1,957 shares valued at $231,124 to end at $118.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 6 stocks with offers that were lower.
Trading picks up, Scotia hits a low on TTSE
In trading on the Trinidad Stock Exchange on Friday, the number of securities changing hands surged pass Thursday’s 9, to reach 17. There were 5 advancing stocks, 4 declining and 8 traded firm, with 518,883 units changing hands, carrying a value of $8,173,015. Scotiabank continued its downward drift, closing the day at a new 52 weeks low, with relatively small volume. The market closed with 3 new 52 weeks’ highs and one low.
The Composite Index lost 0.14 points to close at 1,146.48, the All T&T Index lost 2.47 points to close at 1,979.88 and the Cross Listed Index advanced 0.29 points to end at 40.98.
Gains| Stocks increasing in price at the close are, Ansa Mcal Merchant Bank in trading 810 units at a new 52 weeks’ high of $39.30, the price gained 9 cents, National Commercial Bank in contributing 98,400 shares with a value of $98,400, closed at $1, up by 3 cents, One Caribbean Media with 4,176 shares put on a cent to end at $25.01, a new 52 weeks’ high, Scotia Investments enjoyed a gain of 10 cents to end the day at $1.50 (J$26.40, it last traded at $21.50 in Jamaica) while trading only 3,550 shares and Unilever Caribbean traded 494 units at $64.01, up by a cent to a new 52 weeks’ high.
Declines| Stocks declining at the end of trading are, Massy Holdings that put through just 40 units at $68.46 down by 2 cents, Scotiabank suffered a loss, of 57 cents to close at $61.18 while trading 5,761 units, Republic Bank traded 34,327 shares valued at $4,178,626 as the price lost 2 cents to close at $121.73 and Trinidad Cement traded 495 shares at $2.64, after suffering an 8 cents fall.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 117,139 shares valued at $2,577,058 but remained at $22, Firstcaribbean International with 1,000 shares at $5, while First Citizens traded 614 shares at $35.98, Grace Kennedy with 2,915 shares closed at $3.55, Jamaica Money Market Brokers with 106,158 shares changing hands for a value of $47,771, closed at 45 cents, followed by Prestige Holdings that traded just 150 units at $9.50, Sagicor Financial Corporation with 104,354 shares traded for $652,550, ended at $6.25, while National Flour Mills added 38,500 shares valued at $50,050 at $1.30.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than their last selling prices and 1 stock with the offer that is lower.
One Caribbean Media up 84c on TTSE
One Caribbean Media stock jumped 84 cents in trading on the Trinidad Stock Exchange on Wednesday on a day when 15 securities changed hands of which 3 advanced, 4 declined and 8 traded firm, with 205,486 units changing hands, with a value of $2,975,354.
The Composite Index advanced by 0.31 points to close at 1,147.40, the All T&T Index rose by 0.61 points to close at 1,982.35 and the Cross Listed Index remained unchanged at 40.90.
Gains| Stocks increasing in price at the close are, First Citizens that traded 1,400 shares for 2 cents higher at $35.98. One Caribbean Media with 800 shares and the price jumped 84 cents to end the day at $25 and West Indian Tobacco with 44 shares, closed with a gain of 1 cent at $118.03.
Declines| The stocks declining at the end of trading are Guardian Holdings adding 2,239 shares valued at $30,227, to close down a cent at $13.50, Massy Holdings with 200 shares traded to close a cent lower at $68.48, Scotiabank contributed 4,751 shares, with a value of $293,374, while losing 15 cents to close at $61.75, a new 52 weeks low. Trinidad Cement traded 1,575 shares, the price declined by 3 cents, to close at $2.71.
Firm Trades| Stocks closing with prices unchanged, at the end of trading are, Angostura Holdings with 230 shares ending at $12.75, ANSA McAL traded 155 shares at $66.25, Clico Investment Fund with a volume of 100,000 shares valued at $2,200,000 remained unchanged at $22, Firstcaribbean International traded 500 units to close at $5, Jamaica Money Market Brokers with a volume of 40,000 shares, closed at 45 cents, National Enterprises contributed 1,060 shares at $17.75, Praetorian Property with 8,000 units changing hands, closed at $3.40 and Sagicor Financial Corporation with 44,532 shares changing hands for a value of $278,488, closed at $6.26.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 1 stock with the offer lower.
National Commercial Bank dominates TTSE
Trading on the Trinidad Stock Exchange saw a jump in the volume, but that included a block of 2.54 million units of Jamaica’s National Commercial Bank shares. A total of 12 securities changed hands, with 3 advancing, 4 declining and 5 traded firm, as 2,782,898 units traded, valued at $10,516,225.
The Composite Index lost 1.42 points to close at 1,149.78, the All T&T Index fell by just 0.17 points to close at 1,987.11 and the Cross Listed Index fell by 0.35 points to close at 40.90.
Gains| Stocks increasing in price at the close are, One Caribbean Media that gained 5 cents to end the day at $24.16 while trading 425 shares and Unilever Caribbean with 300 shares, closed with a gain of 3 cents to end at $63.16, for a new 52 weeks high.
Declines| Stocks declining at the end of trading are, National Commercial Bank with 2,542,147 shares changing hands, for a value of $2,550,109 and lost 5 cents to end at $1, Republic Bank traded only 4 units at $121.82 after losing 2 cents, Sagicor Financial Corporation added 45,303 shares, valued at $283,300 and lost a cent at $6.25 and Trinidad Cement pulled back some more from its recent 52 weeks high, to end the day 2 cents lower, at $2.78 while trading 6,500 shares.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 50 units closed at $66.25, Clico Investment Fund with 19,623 shares, valued at $431,706, the price remained at $22, First Citizens Bank closed at $35.95 in trading 1,083 shares, Massy Holdings with 101,963 shares, traded for $6,985,466 and closed at $68.50, National Enterprises closed at $17.75 with 5.500 units trading and National Flour Mills contributed 60,000 shares with a value of $78,000, to close at $1.30.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and 3 stocks with offers that were lower.
Only 9 securities trade as OCM gains 70c
Trading on the Trinidad Stock Exchange saw 9 securities changing hands of which 1 advanced, 3 declined and 5 traded firm as 1,104,010 stocks changed hands with a value of $9,172,331.
The Composite Index lost 0.06 points to close at 1,152.27, the All T&T Index rose by just 1.21 points to close at 1,989.42 and the Cross Listed Index fell by 0.18 points to end at41.25.
Gains| The only stock increasing in price at the close, is One Caribbean Media that gained 70 cents to end the day at $24 while trading 912 shares.
Declines| The stocks declining at the end of trading are, Clico Investment Fund with 160,029 shares, valued at $3,520,548 and fell a cent to $22, National Enterprises contributed 23,238 shares with a value of $412,939 to close at $17.77, after dropping a cent and Sagicor Financial Corporation with 600,305 shares changing hands for a value of $3,756,889, closed with a 21 cents fall to $6.26, a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens trading 3,534 units to close at $35.95, Massy Holdings with 5,449 shares closed at $68.60, while Point Lisas Industrial Port Development Corporation added 7,000 shares valued at $29,050 to close at $4.15, Prestige Holdings traded only 300 units to close at $9.40 and Trinidad Cement with a volume of 303,243 shares traded for $927,894, closed at $3, after reaching a new 52 weeks intraday high of $3.06
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids higher than their last selling prices and no stocks with the offer lower.
3 stocks up 2 down on TTSE
Trading on the Trinidad Stock Exchange on Monday was moderate with 13 securities changing hands of which 3 advanced, 2 declined and 8 traded firm with 223,763 units, with a value of $1,814,887.
The Composite Index gained 0.17 points to close at 1,152.33, the All T&T Index rose 0.35 points to close at 1,988.21 and the Cross Listed Index remained at 41.43 points.
Gains| Stocks increasing in price at the close are, ANSA McAL that declined by 1 cent to end at $66.29 while trading 205 shares, Clico Investment Fund with 47,064 shares valued at $1,035,527, gained a cent to $22.01 and National Flour Mills with 25,000 shares traded for $30,000, increasing by 4 cents to $1.20.
Declines| The stocks declining at the end of trading are, First Citizens Bank trading 6,781 shares valued at $243,777 to close at $35.95, down by 5 cents and Massy Holdings trading 948 shares, fell a cent to $68.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with 523 shares traded to close at $12.75, Grace Kennedy trading 114 shares at $3.55, Guardian Holdings with 200 units closed at $13.75, Jamaica Money Market Brokers had just 354 units changing hands at 45 cents, National Commercial Bank contributed 10,753 shares with a value of $11,291 to end at $1.05, Point Lisas Industrial Port Development 500 shares closed at $4.15, Sagicor Financial Corporation with 3,300 shares ended at $6.47 and Trinidad Cement with 128,021 shares changing hands for a value of $382,353, closed at $3.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than their last selling prices and none with an offer lower.
Moderate trading but TCL climbs again
Trading on the Trinidad Stock Exchange on Thursday was again moderate, with 11 securities changing hands of which 3 advanced, 3 declined and 5 traded firm, with 177,879 stocks changing hands, with a value of $3,864,481.
The Composite Index rose 0.78 points to close at 1,150.53, the All T&T Index gained 1.43 points to close at 1,985.25 and the Cross Listed Index increased by a mere 0.02 points, to end at 41.35.
Gains| Stocks increasing in price at the close are, First Citizens with 1,047 shares traded to close with a cent gain, at $35.54, Sagicor Financial gained 2 cents while trading 3,443 shares at $6.47 and Trinidad Cement gained 26 cents to end the day at $2.85 while trading 5,000 shares and is now a shade away for its 52 weeks high of $2.94 reached on August 30, last year.
Declines| The stocks declining at the end of trading are, Massy Holdings, contributing 27,118 shares with a value of $1,857,799 while losing 3 cents at $68.50, National Enterprises lost a cent, in trading 205 shares, to end at $17.78, Scotiabank traded only 15 shares and lost 10 cents, to close at $63.30, for another 52 weeks low. The stock remains weak at the end of trading, and seems likely to head lower, with little demand at current prices.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings with a volume of 32,541 shares traded for $414,898, to close at $12.75, Clico Investment Fund with 26,824 shares valued at $590,128 at $22, Firstcaribbean International traded 5,500 shares at $5, Guardian Holdings with 63,892 shares changing hands, for a value of $878,613 to close at $13.75, while Scotia Investments added 12,294 shares, valued at $17,217 and closed at $1.40.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and one stock with the offer that is lower.
Trading picks up & TCL up 33c on TTSE
Trading on the Trinidad Stock Exchange picked up somewhat on Wednesday with 17 securities changing hands, of which 5 advanced, 5 declined and 7 traded firm, with 326,210 units changing hands, with a value of $5,424,483.
The Composite Index gained 1.33 points to close at 1,149.75, the All T&T Index rose 1.62 points to close at 1,983.82 and the Cross Listed Index increased by a mere 0.14 points to end at 41.33.
Gains| Stocks increasing in price at the close are, First Citizens trading 1,460 shares to gain a cent at $35.53, Guardian Holdings traded 4,278 shares valued at $58,823 to close with a gain of 25 cents to $13.75, Jamaica Money Market Brokers with 68,624 shares changing hands for a value of $30,807, closed at 45 cents, Massy Holdings with 3,115 units closed with a 2 cents gain, at $68.53 and Trinidad Cement with 32,500 shares for a value of $80,575, gained 33 cents to end the day at $2.59.
Declines| The stocks declining at the end of trading are, National Enterprises with 5,060 shares as it lost a cent in ending at $17.79, Praetorian Property Mutual Fund declined by 15 cents to end at $3.40 while it traded 4,000 units, Republic Bank exchanged 3,031 shares for 5 cents lower, to end at $121.85, Sagicor Financial Corporation contributed 15,383 shares with a value of $99,220 to close at $6.45 down by 5 cents, while Scotiabank with 5,100 shares traded down 9 cent to $63.40 for a new 52 weeks low, and remains weak at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Agostini’s trading just 50 units at $17.37, Angostura Holdings added 7,000 shares, valued at $89,250 at $12.75, ANSA McAL with 3,110 shares closed at $66.30, Clico Investment Fund traded 172,000 shares valued at $3,787,401 to end at $22, Prestige Holdings traded 433 shares at $9.40, Scotia Investments with 1,000 shares closed at $1.40 and Unilever Caribbean closed at $63.13 while trading 66 units
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and there was no stock with an offer lower.