The US Denominated Equities Index dropped nearly 10 percent after skidding 10.61 points on Tuesday to 232.98 and wiping all the gains recorded for the year to date after trading on the Jamaica Stock Exchange US dollar market ended, with the volume of stocks changing hands plunging 62 percent with the value 29 percent lower than on Friday, resulting in the trading of seven securities, similar to Friday and ended with prices of just two rising, five declining.
A total of 34,722 shares were traded for US$2,213 compared with 91,370 units at US$3,137 on Friday.
Trading averaged 4,960 units at US$316 compared with 13,053 shares at US$448 on Friday, with a month to date average of 46,276 shares at US$1,365 compared with 50,795 units at US$1,480 on the previous trading day, well below trading in September that ended with an average of 73,281 units for US$5,102.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share climbed 0.37 of a cent to close at 4.87 US cents in an exchange of 2,866 shares, Margaritaville lost 1.98 cents to end at 11.02 US cents, with trading of 839 units, 
Productive Business Solutions declined 20 cents in closing at US$1.60 after trading 220 stock units. Proven Investments popped 0.04 of a cent to 14.69 US cents with investors transferring 373 stocks, Sterling Investments dipped 0.29 of a cent to 1.5 US cents after a transfer of 2,000 units and Transjamaican Highway skidded 0.04 of a cent to 1.68 US cents with a transfer of 27,893 shares.
In the preference segment, JMMB Group 5.75% fell 17 cents in closing at US$2 in switching ownership of 531 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market drops 10% on Tuesday
Gains for JSE Main Market
Trading activity picked up on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded rising 34 percent and the value 9 percent more than on Friday, after trading in 58 securities compared with 57 on Friday, with rising and declining stocks numbering 18 each with 22 ending unchanged but resulted in solid gains for Kingston Wharves, GraceKennedy and Seprod that helped keep the market in positive territory at the close. 
A total of 14,138,225 shares were exchanged for $134,834,411 up from 10,576,110 units at $124,236,160 on Friday.
Trading averaged 243,763 shares at $2,324,731 compared to 185,546 units at $2,179,582 on Friday and month to date, an average of 294,826 units at $1,835,269 compared with 300,182 units at $1,783,933 on the previous trading day and above September’s average of 218,512 units at $1,768,691.
Wisynco Group led trading with 5.16 million shares for 36.5 percent of total volume followed by Wigton Windfarm with 3.77 million units for 26.6 percent of the day’s trade, Transjamaican Highway with 1.59 million units for 11.2 percent market share, Carreras with 1.54 million units for 10.9 percent market share and Palace Amusement with 1.01 million units for 7.1 percent of total volume.
The All Jamaican Composite Index gained 1,148.31 points to end at 347,455.34, the JSE Main Index advanced 341.60 points to conclude trading at 315,226.37 and the JSE Financial Index popped 0.04 points to end at 69.31.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dipped 40 cents and ended at $72.50 after an exchange of 8,822 shares, Caribbean Producers shed $1.53 in closing at $9.14 with investors exchanging 35,929 stocks, GraceKennedy rose $2.98 to end at $74.99 after exchanging 1,127 units, 
Jamaica Broilers skidded $1.25 to $32.75 after a transfer of 36,766 stock units, JMMB Group dropped 97 cents to close at $27.50 as investors traded 31,660 units, Kingston Wharves rallied $3.24 to close at $30.75 with an exchange of 53,840 stocks, Pan Jamaica lost $2.22 to $47.98 with traders dealing in 15,171 stock units, Proven Investments increased $2 to end at $24, with 5,956 shares changing hands, Seprod climbed $2.50 and ended at $71.50 in an exchange of 3,891 stocks, Stanley Motta fell 85 cents in closing at $5.20 with investors dealing in 1,049 stock units and Wisynco Group gained 35 cents and ended at $18.46 with a transfer of 5,160,425 shares.
In the preference segment, JMMB Group 7.25% preference share declined 43 cents in closing at $2.05 with investors transferring 4,787 units and 
Productive Business Solutions 9.75% preference share dropped $1 to end at $99 after 729 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market drops
Five stocks declined for every two that rose in trading on the Junior Market of the Jamaica Stock Exchange on Tuesday and resulting in a fall in the market index with 46 securities trading, compared with 43 on Friday and ended with 26 declining, 11 rising and nine closing unchanged as the volume of stocks traded declined 92 percent, with a 92 percent lower value than Friday.
Investors traded 4,491,437 shares for $10,456,683 compared to 55,529,342 units at $124,157,944 on Friday.
Trading averaged 97,640 shares at $227,319 compared to 1,291,380 shares at $2,887,394 on Friday with the month to date, averaging 284,858 units at $662,589 compared to 305,363 stock units at $710,261 on the previous trading day. September closed with an average of 220,239 units at $459,425.
Image Plus led trading with 995,005 shares for 22.2 percent of total volume following the release of second quarter results that showed a sharp fall in earnings from $64 million before tax in 2022 to just $39 million for the second quarter as revenues declined, due to machine breakdown. ONE on ONE Educational followed with 440,186 units for 9.8 percent of the day’s trade and One Great Studio with 311,171 units for 6.9 percent market share.
At the close, the Junior Market Index fell 29.80 points to 3,885.12, but the Investor’s Choice bid-offer indicator is flashing positive signals for trading on Wednesday.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 10.5, based on the last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
At the close, Access Financial shed 27 cents to close at $29.38 after an exchange of 996 shares, Blue Power skidded 23 cents to end at $2.70, with 1,700 units crossing the market, Caribbean Assurance Brokers declined 47 cents and ended at $2.56 after just 2,500 stock units changed hands, Everything Fresh slipped 18 cents to $1.40 with a transfer of 8,290 stocks. Fontana dropped 20 cents in closing at $11.50 in an exchange of 150,469 stock units, GWest Corporation dipped 8 cents to end at 90 cents with 1,128 stocks clearing the market, 
Honey Bun popped 9 cents to close at $6.69 in trading 32,257 shares, Indies Pharma climbed 15 cents to $3.11 with investors transferring 1,700 units. ISP Finance rallied $2.20 and ended at $32.20 as investors exchanged 675 stock units, Jamaican Teas fell 10 cents in closing at $2.50 with stakeholders trading 23,148 stocks, KLE Group declined 17 cents and ended at $1.50 with investors dealing in 237 units, Knutsford Express shed 19 cents to $12.50 as 2,917 shares passed through the market. Lasco Distributors rose 10 cents to close at $4.26, with 56,524 stocks crossing the market, Main Event increased $1.39 to end at $15.50, with 9,768 units crossing the exchange, MFS Capital Partners fell 12 cents in closing at $1.97 with shareholders swapping 278,236 shares. 
Paramount Trading dipped 26 cents in closing at $1.50 after investors traded 26,454 stock units following the release of first quarter results that show revenues falling and profit declining to $54 million from $84 million in 2022. Stationery and Office Supplies gained 15 cents to close at $1.86 in switching ownership of 303,433 stocks and tTech dropped 51 cents and ended at a 52 weeks’ low of $1.68 in an exchange of 102,487 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE USD stocks, gains for Main Market
Fresh from the close of the Jamaica Stock Exchange on Monday for the celebration of the National Heroes holiday, the JSE USD market plunged nearly 10 percent on Tuesday and the Junior Market pulled back for the 3,900 points level as the Main Markets just held on to record modest gains at the close of trading on Tuesday, with a drop in both volume and value of stocks traded in the overall market.
At close of trading, the JSE Combined Market Index popped 53.40 points to end at 329,669.61, the All Jamaican Composite Index rallied 1,148.31 points to finish at 347,455.34, the JSE Main Index advanced 341.60 points to 315,226.37, as Kingston Wharves, GraceKennedy and Seprod gained over $2. The Junior Market Index shed 29.80 points to end at 3,885.12 and the JSE USD Market Index rdropped 10.61 points to 232.98.
Investors traded 18,664,384 shares in all three markets, down sharply from 66,196,822 stock units on Friday. The value of stocks traded declined on the Junior and Main markets to $145.29 million, down from $248.39 million on Friday. Trading on the JSE USD market ended with investors exchanging 34,722 shares were traded, for US$2,213 compared to 91,370 units at US$3,137 on Friday.
In the preference segment, Productive Business Solutions 9.75% preference share dropped $1 to end at $99.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.1 on 2022-23 earnings and 10.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Jump in trading led to drop in Trinidad market
Trading picked up on the Trinidad and Tobago Stock Exchange on Tuesday, with a 93 percent rise in the volume of stocks traded with a 63 percent greater value than on Monday, resulting in 19 securities trading compared with 15 on Monday, with six stocks rising, five declining and eight remaining unchanged.
On Tuesday 153,665 shares were traded for $1,867,304 versus 79,447 stock units at $1,144,682 on Monday.
An average of 8,088 units were traded at $98,279 compared to 5,296 shares at $76,312 on Monday, with trading month to date averaging 13,273 shares at $120,220 compared with 13,783 units at $122,380 on the previous day. The average trade for September amounts to 21,948 shares at $198,506.
The Composite Index skidded 5.84 points to settle at 1,196.36, the All T&T Index shed 9.73 points to end at 1,818.40, the SME Index gained 8.33 points to conclude trading at 79.99 and the Cross-Listed Index slipped 0.23 points to end at 74.30.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Agostini’s shed 10 cents to close at $67.40 with an exchange of 842 shares, Ansa McAl ended trading of 91 stock units at $57, Calypso Macro Investment Fund climbed 35 cents to end at $23.10 after 50 units were traded, Endeavour Holdings advanced $1.75 and ended at $15 after investors ended trading of 346 stocks. First Citizens Group popped 1 cent to close at $49.01 with a transfer of 1,920 shares, FirstCaribbean International Bank increased 2 cents and ended at $6.99 with investors dealing in 4,791 stocks, GraceKennedy remained at $3.40, with 145 stock units crossing the exchange, Guardian Holdings ended at $19 and closed with 13,256 units changing hands. Shareholders in JMMB Group swapped 6,723 stocks and ended at $1.41, L.J. Williams B share rose 1 cent in closing at $2.10 in switching ownership of 3,000 shares,
Massy Holdings remained at $4.70 with investors transferring 58,726 units, National Enterprises ended at $3.55 after 43,072 stock units passed through the market. NCB Financial declined 4 cents to end at $2.95 while exchanging 5,000 stocks, Prestige Holdings rallied 5 cents to $9.05, with 933 shares changing hands, Republic Financial ended at $118.50 in an exchange of 5,011 units, Scotiabank remained at $72 with 4,214 stock units clearing the market. Trinidad & Tobago NGL skidded 25 cents and ended at a 52 weeks’ low of $12.50, with 4,002 stock units crossing the market, Unilever Caribbean dropped 1 cent to $11.57 as investors exchanged 243 stocks and West Indian Tobacco fell 5 cents in closing at $10, with 1,300 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall in Trinidad Exchange
Trading dropped on the Trinidad and Tobago Stock Exchange on Monday, with trading in only 15 securities compared with 23 on Friday and resulted in the price of one stock rising, seven declining and seven remaining unchanged as the volume of stocks exchanged declined by 57 percent with the value slightly higher than on Friday.
A total of 79,447 shares were traded for $1,144,682 versus 186,266 stock units at $1,092,245 on Friday.
An average of 5,296 units were traded at $76,312 compared to 8,099 shares at $47,489 on Friday, with trading month to date averaging 13,783 shares at $122,380 compared with 14,499 units at $126,263 on the previous trading day. The average trade for September amounts to 21,948 shares at $198,506.
The Composite Index fell 4.71 points to close at 1,202.20, the All T&T Index skidded 9.12 points to conclude trading at 1,828.13, the SME Index remained unchanged at 71.66 and the Cross-Listed Index remained at 74.53.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Agostini’s remained at $67.50 with shareholders swapping 783 shares, Angostura Holdings slipped 3 cents to $22.95 after an exchange of 28,683 units, Ansa McAl ended at $57 after exchanging 57 stocks. Calypso Macro Investment Fund ended at $22.75, with 48 stock units crossing the market, First Citizens Group skidded 10 cents to $49 and closed, with 275 shares changing hands, Guardian Holdings slipped 10 cents to $19 after a transfer of 3,000 stocks. JMMB Group remained at $1.41 in an exchange of 6,723 units, Massy Holdings remained at $4.70 in switching ownership of 18,999 stock units, National Enterprises ended at $3.55 with a transfer of 10,285 stocks.
Prestige Holdings popped 10 cents in closing at $9 in an exchange of 3,851 shares, Republic Financial dipped $1.10 to $118.50 as investors exchanged 720 units, Scotiabank shed 50 cents in closing at $72 in trading 500 stocks. Trinidad & Tobago NGL dropped 14 cents and ended at $12.75 with traders dealing in 3,518 stocks, Unilever Caribbean fell 1 cent to close at $11.58 with an exchange of 1,550 stock units and West Indian Tobacco ended at $10.05 with stakeholders exchanging 455 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Four new ICTOP10 listings
The Junior Market rose modestly during the past week while the Main Market slipped marginally to close out the week, resulting in ICTOP10 stocks delivering mixed results with the Junior Market recording some solid price increases and just three declines while the ICTOP10 Main Market stocks had just one price decline with three stocks recording notable price increases.
Market activity resulted in three new additions to the Junior Market ICTOP10 and one in the Main Market. Returning to the Junior Market TOP10 are Consolidated Bakeries, Dolphin Cove and Lasco Distributors replacing Image Plus, Lasco Financial Services and Paramount Trading with the latter reporting lower profits and revenues in the first quarter ended August and Image Plus reporting sharply lower second quarter and half year results that pushed projected earnings for the year to 27 cents per share. In the Main Market, Caribbean Producers dropped out of the ICTOP10 and is replaced by Caribbean Cement.
The Main Market closed the week with Key Insurance jumping 16 percent to $2.68, Scotia Group rising 5 percent to $33.60 and Caribbean Producers popping 4 percent to close at $10.67.
The Junior Market produced gains of 17 percent for Paramount Trading which closed up $1.76 and 16 percent of four Caribbean Cream at $4.65 followed by Lasco Financial Services up 7 percent to $2.06, declining was Elite Diagnostic down 15 percent to $1.57 and five percent for Caribbean Assurance Brokers to close at $3.03.
The average PE for the JSE Main Market TOP 10 stands at 5.1, well below the market average of 12.2. The Main Market TOP10 is projected to gain an average of 328 percent, by May 2024, based on 2023 forecasted earnings.
A total of 14 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 108, with an average of 30 and 20 excluding the highest PE ratios, and a PE of 22 for the top half and 16 excluding the stocks with overweight valuations.
The PE of the Junior Market TOP10 sits at 5.7, half of the market at 10.8. There are 11 stocks or 23 percent of the market, with PEs from 15 to 25, averaging 19 that are well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently, with the market projected to rise by 261 percent by May 2024.
The divergence between the average PE of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Profit drops at Pulse
A near $300 million drop in the surplus on revaluation of investment properties in the 2023 fiscal year pushed profits down by $200 million for Pulse Investments to $1.57 billion from $1.77 billion in 2022 but the company generated positive cash flows from operations of $145 million compared to $170 million in the previous year.
The company expended $489 million on investment property and $169 million on development expenditure during the year, reducing the overall cash on hand to just $90 dollars compared to $217 million in the prior year. According to the audit report, three apartment units were contracted for sale which should result in a loss of $32 million and realise $117 million in total cash, data from the audited statement suggests.
Revenues as reported by the audited financial statements are $949 million, up marginally from $931 million in 2022 and reflect amounts due on barter agreements of $741 versus $743 million in 2022. Model agency generated income of $63 million versus $56 million in the previous year and rental income brought in $154 million versus $132 million in the prior year. Unrealised fair value adjustment on investment Properties amounts to $972 million down from $1.26 billion in 2022.
Pulse incurred Administrative and other expenses of $321 million during the year and $271 million in 2022, with impairment on receivables jumping from $39 million to $53 million, insurance moving from $5 million to $13 million and legal and professional fees up from $11 million in 2022 to $16 million in the latest financial year. Finance cost ended at just $13 million during the latest financial year, down from $45 million in 2022 while taxation dropped sharply from $97 million in 2022 to just $18 million in the latest financial year.
Kingsley Cooper Chairman of Pulse Investments.
Shareholders’ equity climbed to $9 billion in 2023, up from $7.44 billion in the previous year. The current year’s results pushed net asset value (NAV) to $1.39 per share, with the stock price trading at a premium to NAV. Borrowings ended the year at just over $719 million versus $632 million in the previous year. Amounts due to related parties rose to $1.3 billion from just over $1 billion in 2022. Current assets stand at $255 million versus $265 million in 2022 and Current liabilities amount to $135 million at the end of June this year, up from $112 million at the end of June 2022.
At the end of the June 2023 financial year, advertising entitlements amounted to $2.3 billion versus $1.8 billion in 2022 and investment property amounts to $7.77 billion at the end of June this year versus $6.4 billion at the end of the previous year.
Q3 profit drops at Main Event
Revenues at Main Event Entertainment rose 45 percent to $1.59 billion for the nine months to July from $1.09 billion in 2022 but took a 29 percent hit in the third quarter to $428 million from $602 million in 2022 with profit reflecting the same pattern with $216 million for the nine months up 208 percent from $104 million and fell 85 percent from $124 million in 2022 down to a paltry $23 million.
Direct Expenses fell 33 percent in the July quarter to $204 million from $304 million in 2022 and rose 28 percent from $583 million to $748 million in 2023. Gross profit slipped 25 percent to $224 million from $298 million in the quarter and jumped 64 percent to $839 million from $511 million for the nine months.
Administrative and general expenses climbed 34 percent to $162 million in the quarter from $121 million in 2022 and from $284 million to $495 million. Depreciation charges remained fairly constant at just over $29 million versus just under $29 million in 2022 and for the nine months $81 million compared with $86 million in 2022.
Accordingly, ICInsider.com forecast is for earnings of 90 cents per share for the current year ending October, compared with 72 cents per share for the nine months to July this year and 8 cents per share for the July quarter. The stock traded at $14.11, on Friday with a PE ratio of 17.2 times ICInsider.com’s latest projected earnings of 90 cents per share. The earnings value the stock at the higher end of the Junior Market average PE of 11 times current years’ earnings.
Main Event
The company generated gross cash flows of $340 million and after purchasing of fixed assets and loan repayment net cash amounts to $62 million and ended the period with cash and cash equivalent of $190 million.
The company’s finances remain b with current assets of $799 million and current liabilities of $330 million with net working capital of $469 million. Funds borrowed to help finance operations totalled $100 million and shareholders’ equity stood at $857 million.
In February 2017, the company’s shares were listed on the Junior Market of the Jamaica Stock Exchange and entitled them to a reduction of income tax for ten years with 100 percent tax free up to January 2022 and 50 percent to January 2027.
Winning stocks beat losers on Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising moderately higher with the value 26 percent lower than on Thursday, resulting in the trading of 23 securities compared with 17 on Thursday and ended with nine stocks rising, seven declining and seven remaining unchanged.
Investors exchanged 186,266 shares for $1,092,245 versus 181,247 stock units at $1,483,387 on Thursday.
An average of 8,099 units were traded at $47,489 compared to 10,662 shares at $87,258 on Thursday, with trading month to date averaging 14,499 shares at $126,263 compared with 15,448 units at $137,952 on the previous day and an average for September of 21,948 shares at $198,506.
The Composite Index fell 2.98 points to settle at 1,206.91, the All T&T Index fell 2.18 points to 1,837.25, the SME Index declined 4.90 points to finish at 71.66 and the Cross-Listed Index dipped 0.54 points to 74.53.
Investor’s Choice bid-offer indicator shows no stocks ended with a bid higher than the last selling price and five with lower offers.
At the close, Agostini’s dipped 50 cents to $67.50 in an exchange of 4 shares, Ansa McAl ended at $57 with 1,700 stocks crossing the market, Calypso Macro Investment Fund declined 25 cents to close at $22.75 after a transfer of 50 units, Endeavour Holdings remained at $13.25 in switching ownership of 1,507 stock units. 
First Citizens Group ended at $49.10 after 62 shares passed through the market FirstCaribbean International Bank advanced 22 cents in closing at $6.97 with investors trading 2,851 stocks, GraceKennedy lost 35 cents to end at $3.40 with shareholders swapping 75,001 units, Guardian Holdings popped 10 cents to close at $19.10 with traders dealing in 2,533 stock units. Guardian Media increased 29 cents to end at $2.30 as investors exchanged 1 share, JMMB Group gained 1 cent and ended at $1.41 with a transfer of 3,273 stocks, L.J. Williams B share skidded 31 cents and ended at $2.09 in an exchange of 15 stock units, Massy Holdings fell 10 cents to end at $4.70 with 58,102 units clearing the market. National Enterprises climbed 1 cent in closing at $3.55 while exchanging 3,353 stocks, National Flour Mills rallied 3 cents to $1.63 after just 1 share was traded, NCB Financial remained at $2.99, with 346 units crossing the market, One Caribbean Media ended at $3.30 after 18,500 stock units passed through the exchange. 
Prestige Holdings rose 15 cents to close at $8.90 in trading 182 stocks, Republic Financial rose 10 cents and ended at $119.60 after closing with an exchange of 430 shares, Scotiabank remained at $72.50 after an exchange of 109 units, Trinidad & Tobago NGL shed 6 cents in closing at $12.89 with stakeholders exchanging 16,033 stock units. Trinidad Cement dropped 14 cents to close at $2.99 after exchanging 11 stock units, Unilever Caribbean ended at $11.59 with an exchange of 574 shares and West Indian Tobacco rallied 5 cents to end at $10.05, with 1,628 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
