Rising and declining stocks shared honours on Friday on the Trinidad and Tobago Stock Exchange after 17 securities were traded compared with 18 on Thursday, with prices of four stocks rising, four declining and nine remaining unchanged resulting in the market indices falling sharply following a 56 percent drop in the volume of stocks traded, with the valued being 97 percent more than Thursday.
The market closed with an exchange of 191,752 shares for $6,015,616 versus 433,286 stock units at $3,060,037 on Thursday.
An average of 11,280 shares were traded on Friday at $353,860 versus 24,071 units at $170,002 on Thursday, with trading month to date averaging 17,858 shares at $259,295 compared with an average for January of 15,998 shares at $167,627.
The Composite Index declined 11.88 points to 1,180.72, the All T&T Index shed 22.64 points to finish at 1,758.38, the SME Index remained unchanged at 78.23 and the Cross-Listed Index slipped 0.05 points to finish at 78.75.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Agostini’s sank 50 cents to end at $68 with investors swapping 50,959 stock units, Ansa McAl ended at $56.80 in an exchange of 148 shares, Ansa Merchant Bank ended at $43.25 with traders dealing in 173 units. First Citizens Group ended at $50.50 in switching ownership of 15,179 stocks, FirstCaribbean International Bank increased 5 cents to close at $7.05 after 559 units passed through the market, GraceKennedy climbed 2 cents to $4.12 with a transfer of 19,158 shares. Guardian Holdings dipped 25 cents in closing at $18 as investors exchanged 27,348 stock units, Massy Holdings remained at $4.40 after a transfer of 28,525 stocks, National Enterprises ended at $3.75 with investors exchanging 9,288 stock units. NCB Financial remained at $3.35 with investors transferring 30,000 stocks, One Caribbean Media ended at $3.45 in an exchange of 370 shares, Prestige Holdings popped 19 cents and ended at a 52 weeks’ high of $10.69, with 50 stock units crossing the market. Republic Financial rallied $1.18 to $120.68 after an exchange of 7,201 shares, Scotiabank ended at $67, with 850 units changing hands, Trinidad & Tobago NGL remained at $10 with an exchange of 457 stocks. Unilever Caribbean fell 1 cent in closing at $11.90, with 510 stock units clearing the market and West Indian Tobacco skidded 25 cents to $8.75 in trading 977 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad & Tobago Stock Exchange drops
Positive start for February by JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 2,471 percent jump in the volume of stocks changing hands after 2,078 percent more US dollars changed hands than on Wednesday, resulting in trading in five securities, compared to three on Wednesday with prices of two rising, one declining and two ending unchanged.
The market closed with an exchange of 393,307 shares for US$18,728 up from 15,298 units at US$860 on Wednesday.
Trading averaged 78,661 stock units on Thursday for US$3,746 compared with 5,099 shares at US$287 on Wednesday, compared to January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index rallied 1.75 points to finish at 251.01.
The PE Ratio that is used in computing appropriate stock values, averages 10.5 for the JSE USD market. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share lost 0.97 of one cent to end at 4.03 US cents with investors swapping 30,000 units, Proven Investments climbed 1.09 cents to end at 13.3 US cents, with 1,193 stock units crossing the exchange, Sygnus Credit Investments popped 0.47 of a cent in closing at 8.97 US cents after trading 160 shares and Transjamaican Highway remained at 2 US cents after an exchange of 351,954 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.03 with investors dealing in 10,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains to start month for Trinidad stocks
The Trinidad and Tobago Stock Exchange started February positively on Thursday, with a 347 percent jump in the volume of stocks traded valued 387 percent more than on Wednesday and resulting in 18 securities trading compared with 16 on Wednesday, with the market activity ending with prices of three stocks rising, six declining and nine left unchanged.
The market closed trading with 433,286 shares for $3,060,037 up from 97,007 stock units at $628,109 on Wednesday.
Trading on Thursday averaged 24,071 shares for $170,002 compared with 6,063 units at $39,257 on Wednesday, up from an average for January of 15,998 shares at $167,627.
The Composite Index gained 0.63 points to close at 1,192.60, the All T&T Index rose 2.49 points to end trading at 1,781.02, the SME Index sat at 78.23 and the Cross-Listed Index fell 0.19 points to 78.80.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $68.50 in switching owners of 11,687 shares, Angostura Holdings fell $2.74 to $18.75 with investor trading 435 shares, Ansa McAl closed at $56.80, after 30 stocks changed hands. Calypso Macro Investment Fund gained 82 cents in closing at $23.50 with investors trading 3 units, First Citizens Group popped 50 cents to $50.50, with 354 shares being traded, FirstCaribbean International Bank slipped 5 cents to $7 after 59,950 units were traded. GraceKennedy ended at $4.10, with 109,114 stocks passing through the market, Guardian Holdings ended at $18.25 with an exchange of 3,237 stock units, Massy Holdings closed at $4.40 after 69,977 shares passed through the market. National Enterprises remained at $3.75 as investors exchanged 131,594 units, National Flour Mills ended at $2 and closed with an exchange of 9,273 stocks, One Caribbean Media remained at $3.45 with investors transferring 24,500 stock units.
Point Lisas climbed 30 cents to end at a 52 weeks’ high of $4 after an exchange of 49 shares, Republic Financial declined 18 cents to close at $119.50 with 2,204 stocks clearing the market, Scotiabank lost $1.50 and ended at $67 after transferring of of 517 units. Trinidad & Tobago NGL remained at $10, with traders dealing in 10,130 stock units, Trinidad Cement dipped 10 cents to end at $3, with 200 shares crossing the exchange and Unilever Caribbean sank 2 cents in closing at $11.91 with investors dealing in 32 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich heading back to market
Junior Market listed FosRich is considering another Public Offer of shares to the market, a release from the company to the Jamaica Stock Exchange indicates and if approved would represent the second public offering of shares in less than a year.
The company offered 55,729,647 shares to the public in July 2023 at $2.50 each which was fully taken up.
According to the Stock Exchange release, the directors will meet on February 6 to consider a recommendation to shareholders at an extraordinary meeting, the issue of the additional ordinary shares, at a time to be determined.
The company’s nine-month results, show revenues of $2.86 billion, up 11 percent from $2.58 billion in 2022 resulting in a profit plunging to just $135 million from $388 million in the prior year with earnings per share of 3 cents compared to 8 cents in 2022 in the prior period. The company reported a loss of $27 million in the third quarter compared to a profit of $90 million in the similar 2022 quarter
Fisrich shares traded 3.2 million shares with a gain of 17 cents yesterday to close at $2.47.
JSE US Market up 8% in January
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 95 percent drop in the volume of stocks that changed hands, with a 97 percent lower value than on Tuesday, resulting in trading in three securities, compared to five on Tuesday with prices of two rising, no declining and one ending unchanged as the market gained nearly 8 percent in January.
The market closed with 15,298 shares trading for a mere US$860 compared with 286,861 units at US$30,962 on Tuesday.
Trading averaged 5,099 units at US$287 compared to 57,372 shares at US$6,192 on Tuesday, with a month to date average of 42,169 shares at US$5,037 compared to 43,045 stock units at US$5,149 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index gained 2.46 points to finish at 249.26, up 7.9 percent for the month.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Productive Business Solutions popped 2 cents to US$1.79 with 29 stocks being traded and Transjamaican Highway advanced 0.01 of a cent to 2 US cents, with 14,769 units changing hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.03 after trading of 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.