Stock prices tumbled on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 19 percent, but valued at 21 percent less than on Wednesday, resulting in 19 securities trading down from 22 on Tuesday, with prices of just one stock rising, six declining and 12 closing firm.
The market closed trading with an exchange of 259,085 shares for $2,567,104 compared to 216,912 stock units at $3,237,041 on Tuesday.
An average of 13,636 shares were traded at $135,111 compared with 9,860 stock units at $147,138 on Tuesday, with trading month to date averaging 17,446 shares at $159,491 compared with 17,846 units at $162,051 on the previous day and an average for April of 17,642 shares at $178,724.
The Composite Index skidded 5.01 points to end the day at 1,149.02, the All T&T Index slipped 4.10 points to 1,739.48, the SME Index popped 0.05 points to end at 78.95 and the Cross-Listed Index dipped 0.84 points to close trading at 72.38.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $68.75 with a transfer of 11,548 stock units, Angostura Holdings ended at $20 after an exchange of 50 shares, Ansa Merchant Bank ended at $45 in switching ownership of 310 stocks. Calypso Macro Investment Fund remained at $23 with traders dealing in 978 units, Endeavour Holdings rose 1 cent to $15.01 in an exchange of 820 stocks, First Citizens Group closed trading with 2,489 stock units at $46.50. FirstCaribbean International Bank remained at $6.93 with investors trading 1,165 shares, Guardian Holdings ended at $17 after an exchange of 9,222 stocks, JMMB Group slipped 5 cents to $1.29 after 26,680 shares crossed the exchange. Massy Holdings ended at $4.19 with investors dealing in 13,204 stock units, National Enterprises finished market activity at $3.65 with 10,801 stocks clearing the market, NCB Financial fell 30 cents to end at $2.60 with an exchange of 151,473 units.
One Caribbean Media ended at $3.70, with just 4 stocks crossing the market, Prestige Holdings dropped 40 cents to $12.60 with investors swapping 18 shares, Republic Financial sank $1 to end at a 52 weeks’ low of $117 after a transfer of 4,760 stock units. Scotiabank dipped 69 cents to $66.31, with 2,353 units crossing the market, Trinidad & Tobago NGL lost 21 cents and ended at a 52 weeks’ low of $7.75 as investors exchanged 11,400 stocks, Unilever Caribbean remained at $11.99 after 1,221 units passed through the market and West Indian Tobacco ended at $9 with investors transferring 10,589 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 379,029 shares for US$8,339 compared to 73,669 units at US$5,026 on Tuesday.
At the close, Margaritaville advanced 1.28 cents to 9.81 US cents with investors swapping 119 shares, Proven Investments rose 0.39 of one cent to finish at 13.89 US cents in switching ownership of just one stock, Sterling Investments fell 0.07 of a cent and ended at 1.53 US cents after 31,198 stock units passed through the market. Sygnus Credit Investments remained at 7.7 US cents after exchanging 9,133 units and Transjamaican Highway rallied 0.09 of a cent in closing at 2.11 US cents with investors dealing in 338,578 shares.
Trading closed with an exchange of 12,161,308 shares for $176,680,058 compared to 31,493,482 stock units at $262,090,658 on Tuesday.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
Margaritaville climbed 92 cents and ended at $15 with investors trading just one share, Massy Holdings popped $1.89 to $89.89 in an exchange of a mere one stock unit, Mayberry Group lost 50 cents to close at $7.50, with 294 units crossing the market. NCB Financial gained $2.49 to finish at $63.99 in an exchange of 1,624,909 stock units, Pan Jamaica rallied $2.19 to $47.50, with 2,456 shares changing hands, Proven Investments advanced 43 cents in closing at $21.43 with 3,766 units crossing the exchange. Sagicor Group gained 55 cents to $40.55 in trading 9,907 stocks, Scotia Group slipped $1.20 to close at $42, with 161,192 stock units crossing the market, Seprod popped $1.01 in closing at $80 as investors exchanged 9,844 shares and Wisynco Group advanced $1 and ended at $21 after a transfer of 120,383 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 50,366,450 shares for $107,450,383 compared with 4,554,464 units at $9,496,646 on Tuesday.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
Fontana rose 10 cents in closing at $8.50 following an exchange of 27,038 stock units, Honey Bun dipped 59 cents to end at $7.26 with 3,827 stocks crossing the market, Indies Pharma skidded 33 cents to close at $2.37 as investors exchanged 155,065 units. Jetcon Corporation rallied 12 cents to end at 99 cents after 1,967 stocks passed through the market, JFP Ltd slipped 10 cents to close at 52 weeks’ low of $1.02 after an exchange of 109,949 units, Limners and Bards increased 27 cents in closing at $1.52 with investors trading 25,580 shares. Mailpac Group gained 7 cents to end at $2.08 in an exchange of 87,964 stock units, Medical Disposables sank 28 cents and ended at $2 with investors swapping 14,098 shares, MFS Capital Partners rose 28 cents to finish at $1.39 with a transfer of 10,636 stock units. Paramount Trading dipped 32 cents and ended at a 52 weeks’ low of $1.17 with 5,097 units crossing the exchange, Regency Petroleum climbed 12 cents to $2.18 in trading 124,961 stocks and Stationery and Office Supplies lost 9 cents to end at $1.64 after an exchange of 751 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the end of the auction total CDs that will be outstanding for 30 days amount to $128.5 billion this is down from under $160 billion dollars in late March when the average rate was 11.13 percent.
Markets closed with the number and the value of stocks changing hands jumping over the previous day, resulting in prices of 38 shares rising and 39 declining.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2023-24 earnings and 12.8 times those for 2024-25 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.
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 2024 calendar year inflation is now negative 1.9 percent and seems set to push inflation to zero by the end of summer after the months when inflation tends to rise above norms.
The market closed with 31,493,482 shares being traded for $262,090,658 down sharply from 176,820,638 units at $563,186,691 on Monday.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and five with lower offers.
Lasco Distributors gained 36 cents to end at $5.45 with a transfer of 15,214 shares, Margaritaville dipped 92 cents to end at $14.08 after 13,196 stock units passed through the market, NCB Financial slipped $3 in closing at $61.50, with 154,649 stocks changing hands. Pan Jamaica lost $1.69 and ended at $45.31 after a transfer of 1,000 units, Proven Investments advanced $1 to finish at $21 in trading 473 shares, Sagicor Group dipped 90 cents to close at $40 in an exchange of 78,504 stocks. Seprod rose $2.97 to $78.99 with investors trading 284,751 units, Stanley Motta gained 68 cents to finish at $7.26 after an exchange of one stock unit and Sygnus Credit Investments sank 30 cents and ended at $10.50 with investors transferring 117,075 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of just 4,554,464 shares for only $9,496,646 compared with 118,786,848 units at $248,220,254 on Monday.
The Junior Market ended trading with an average PE Ratio of 11.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Fosrich slipped 7 cents to $2.06 with a transfer of 1,161,056 shares, Honey Bun increased 24 cents and ended at $7.85 after an exchange of 7,414 stock units, Indies Pharma climbed 18 cents to close at $2.70 with 303 shares clearing the market. Jamaican Teas rose 20 cents in closing at $2.25 in an exchange of 134,960 units, Jetcon Corporation dipped 12 cents to end at 87 cents after closing with an exchange of 556 stocks, Medical Disposables rallied 43 cents to finish at $2.28 with investors trading 436 stock units. MFS Capital Partners lost 15 cents and ended at $1.11, with 274,374 shares crossing the market and Tropical Battery advanced 13 cents to $2.25 after a transfer of 38,098 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index dropped 2,991.49 points to 328,761.07, the All Jamaican Composite Index sank 3,652.53 points to wrap up trading at 352,843.23, the JSE Main Index shed 3,035.29 points to close at 316,244.88. The Junior Market Index dipped 11.73 points to end at 3,673.59 and the JSE USD Market Index popped 0.23 points to 233.95.
In the preference segment, Jamaica Public Service 7% shed $5.40 to close at $42.60.
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.
