Wednesday, 29th May 2013 | With a mere 217,710 units trading on the Trinidad & Tobago stock market, today marked another lackluster day of trading continuing the low levels of trades seen since last week. There was trading in 13 securities of which 2 advanced, 3 declined and 8 traded firm.

Only $981,839 was invested in shares on the market as Trinidad Cement dominated trading with 103,048 shares changing hands valued at $97,896. Sagicor Financial Corporation traded 66,132 shares for $417,371. There was minimal trading in the rest of the market with very moderate price changes.

The market is still characterized by the stocks that are in demand but there seems to be very little interest in selling. That is not surprising with interest rates so low in the twin island state. Government of Trinidad & Tobago Treasury bill rates are under 1 percent currently and long term rates less than 2 percent.

Tuesday, 28th May 2013 | Market activity continues to be subdued in today’s trading on the T&T Stock Exchange with 14 securities trading with 2 advancing, 4 declining and 8 traded firm.

A volume of 460,713 shares crossed the floor of the exchange with a value of $9,072,623. Sagicor Financial Corporation traded 171,175 shares for a value of $1,079,945. There was trading in 146,740 Trinidad Cement valued at $140,420. ANSA McAL traded 100,000 shares with a value of $6,722,000.

All price movements were moderate, more importantly, the number of socks closing with bids above last selling price climbed to 9 from 5 on Monday. Two stocks that closed with higher bids than last sale are Scotia Bank and West Indian Tobacco, two stocks that having been rising for a few weeks.

Monday, 27 May, 2013 | Trading activity on the Trinidad & Tobago stock exchange picked up today with trading in 19 securities of which 7 advanced, 5 declined and 7 traded firm. The level of trading was also up on Friday’s trades as 267,068 shares crossed the floor of the Exchange valued at $815,557 in the main market, while Clico Investment Fund traded 9,161 shares valued at $192,839 in the mutual funds section.

Trinidad Cement traded 152,627 shares valued at $144,996, National Commercial Bank Jamaica saw trading in 77,176 shares valued at $92,611. Grace Kennedy slipped 10 cents to $3.80 while trading 10,000 shares with a value of $38,000, while Sagicor Financial Corporation saw 8,700 shares switching ownership valued at $55,245, but the stock fell $0.44 to close at $6.35. Scotiabank Trinidad & Tobago traded just 1,180 shares while increasing $0.11 to end the day at $69.60. The stock closed with the bid on the last selling price but there was no stock on offer at the close, which means that the price could be moving higher.

There were 5 stocks closing with bids above the last selling price while there were 4 with offers below the last selling price.

Friday, 24th May 2013 | Trading on the Trinidad & Tobago Stock Exchange on Friday was even sparser than the day before as a mere 29,245 shares crossed the floor of the Exchange valued at $342,771 and in the mutual fund section just 699 units traded for $14,714. Trading took place in 12 securities of which 3 advanced, 3 declined and 6 traded firm.

Grace Kennedy stock which closed at $3.90 rose 17 cents and 10,000 shares changed hands valued $39,000, followed by National Enterprises, volume of 7,347 shares traded for $115,495. Guardian Holdings contributed 6,050 of the total volume carrying a value of $102,851, while loosing 50 cents to close at $17.

West Indian Tobacco and National Enterprise traded at 52 weeks high.

Trading was very light on the Trinidad & Tobago Stock Exchange today, with just 5 securities trading of which 2 advanced, 1 declined and 2 traded firm.

Activity on a very lackluster market resulted in 150,034 shares trading on the main market valued at $330,999. Trinidad Cement was the volume leader with 126,800 shares changing hands for a value of $122,524, followed by Angostura Holdings with 15,900 shares worth $143,100. Prestige Holdings accounted for 6,765 shares with a value of $63,253.

Clico Investment Fund traded 46,300 shares valued at $974,779. All shares price changes were modest ranging from minus 1 cent to a gain of 3 cents.

5 stocks were being offered at prices below their last selling price and 3 stocks had bids above their last selling price.

No aggression in trades | Market activity continues to meander along as traders nibble away at prices with very little changing from day to day. Wednesday’s trading session was no exception as price changes on the Trinidad & Tobago Stock Exchange were again moderate with the highest gain being 12 cents for Scotia Bank and the highest loss was 5 cents for Point Lisa Industrial Port Development.

There was trading in 16 securities of which 7 advanced, 4 declined and 5 traded firm. Main market volume was 665,031 shares valued at $6,596,902.44. Point Lisas Industrial Port Development Corporation traded 349,209 shares for a value of $1,239,942, followed by Angostura Holdings with a volume of 207,100 shares traded for $1,863,900, while ANSA McAL added 30,446 shares valued at $2,046,580. Clico Investment Fund traded 6,860 shares for a value of $109,332.

An indication of market sentiment is to be found in the both the advance/decline ratio which has been positive for several trading days as well as in the number of stocks closing with bids above last selling price or the offer below the last selling price. At today’s close there were 5 stocks with bids higher than the last selling price and 4 with offers below. One stock traded at a new 52 weeks high.

Trading on the T&T Stock Exchange continues with a number of stocks recording moderate activity and price changes as has been the case for a number of trading days from last week. At the end of trading, 12 securities changed hands of which 3 advanced, 4 declined and 5 traded firm on a day when the volume of trading was low at 364,642 units.

The main market saw a volume of just 332,774 shares trading, valued at $10,791,913. Prestige Holdings had 147,500 shares changing hands for a value of $1,379,125, followed by ANSA Mcal with 111,500 shares traded for $7,495,030. Angostura Holdings contributed 23,100 shares with a value of $207,900, while 17,000 shares for National Flour Mills traded valued at $13,700. Clico Investment Fund traded 31,868 shares valued at $670,276 as the price advanced $0.02 to end at $21.03.

Lackluster trading | And so it was on a day when a mere 8 securities changed hands with 1 advancing, 2 declined and 5 traded firm accounting for just 140,368 units at a value of TT$3.4 million. The market continues to reflect a scenario of stocks in demand but there are no visible sellers and on the other hand there are some stocks that investors want sold but the buyers are not in any haste to buy them at the prices they were last sold at.

Scotia Investments Jamaica was the volume leader with 11,250 shares changing hands for a value of $19,125. Conglomerate ANSA Mcal chipped in with 8,300 shares worth $557,926. Sagicor Financial Corporation contributed 1,980 shares with a value of $13,622, while West Indian Tobacco Company saw 1,972 shares changing hands for a value of $217,019.

Clico Investment Fund suffered the day’s greatest loss, falling $0.06 to close at $21.01 as it traded 123,661 shares valued at $2,597,636.