Trading declined on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded dropping 81 percent, with 48 percent lower value than in market activity on Wednesday resulting in 13 securities trading the same as on Wednesday and ending with prices of six stocks rising, three declining and four ended firm.
The market closed with trading of 51,188 shares for $638,179 compared with 263,810 stock units at $1,218,422 on Wednesday.
An average of 3,938 shares were traded at $49,091 compared to 20,293 stock units at $93,725 on Wednesday. Trading month to date ended with an average of 18,958 shares at $153,480 down from 19,892 stock units at $159,973 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index gained 0.47 points to close at 1,053.96, the All T&T Index declined 0.10 points to 1,578.10, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.15 points to end at 69.01.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s dropped $1 in closing at $64 with 55 shares crossing the exchange, Ansa McAl increased 80 cents to $62.80 in trading 80 stocks, First Citizens Group slipped 1 cent to close at $40.94 after 3,833 shares passed through the market. GraceKennedy climbed by 5 cents to finish at $3.65 with investors trading 857 stock units, JMMB Group popped 5 cents and ended at $1.10 after an exchange of 26,497 shares, Massy Holdings advanced 8 cents to end at $3.60 with investors trading 12,818 units. 
National Enterprises remained at $3.05 after an exchange of 10 stocks, Point Lisas ended at $3.10 with investors dealing in 565 stock units, Prestige Holdings ended at $11 with 371 shares crossing the market. Republic Financial shed 1 cent in closing at $112 as investors exchanged 3,096 units, Scotiabank rose 10 cents to end at $53.65 with a transfer of 496 stocks, Trinidad & Tobago NGL rallied 40 cents to close at $5 with investors trading 1,000 stocks and West Indian Tobacco remained at $7.50 in an exchange of 1,510 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks beat losers on Trinidad Exchange
Slippage in stocks continued in Trinidad
Slippage in the Trinidad and Tobago Stock Exchange continued unabatedly last week with declining stocks outnumbering those rising and providing investors with an increasing array of more attractive investment choices.
During the past week, 8 stocks declined and 4 gained.
Last economic growth is being hobbled by declines in the petroleum sector that are partially countered by growth in the other sectors of the economy. Inflation remains contained at low levels and the monetary policy rate remains at 3.5 percent but net international reserves have declined.
Against the above, several companies are performing credibly, suggesting that the sell-off of stocks is overdone.
Trading dives on the Trinidad Exchange
The Trinidad and Tobago Stock Exchange closed higher on Wednesday, with the volume and value of stocks traded declining from that on Tuesday after a 69 percent plunge in the volume traded valued 76 percent less than on Tuesday, following trading in 13 securities compared with 16 on Tuesday and ending with prices of six stocks rising, four declining and three ended firm.
The market closed with 263,810 shares trading for $1,218,422, compared with 843,671 stock units for $5,077,375 on Tuesday.
An average of 20,293 shares were traded at $93,725 down from 52,729 stock units at $317,336 on Tuesday, with trading month to date averaging 19,892 shares at $159,973 compared to 19,865 stocks at $164,367 on the prior day and an average for August of 21,741 shares at $142,770.
The Composite Index gained 4.92 points to wrap up trading at 1,053.49, the All T&T Index rose 10.01 points to end at 1,578.20, the SME Index remained at 87.78 and the Cross-Listed Index slipped 0.07 points to 68.86.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $65 in switching ownership of 55 shares, Ansa McAl fell 50 cents to $62 as investors traded 120 stock units, First Citizens Group advanced 95 cents and ended at $40.95 in trading 725 shares. JMMB Group ended at $1.05 after an exchange of 45,130 stock units, Massy Holdings rose 2 cents to close at $3.52 with investors dealing in 141,673 shares, National Enterprises gained 5 cents to finish at $3.05 with 6,463 stocks crossing the market. NCB Financial popped 10 cents to $2.50 with investors trading 59,170 units, Prestige Holdings increased $1 to close at $11 after a transfer of 100 stock units, 
Republic Financial fell 9 cents to end at $112.01 after investors traded 1,604 shares. Scotiabank skidded 95 cents in closing at $53.55 with a transfer of 4,480 stock units, Trinidad & Tobago NGL climbed 5 cents and ended at $4.60 with 2,275 stock units crossing the market, Unilever Caribbean sank $1.15 to finish at a 52 weeks’ low of $10.25 with an exchange of 2,010 stocks and West Indian Tobacco ended at $7.50 after 5 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers batter winners on Trinidad Exchange
Declining stocks ended with the upper hand in trading on the Trinidad and Tobago Stock Exchange on Tuesday, with trading in 16 securities trading up from 15 on Monday and ending with prices of three stocks rising, six declining and seven ending firm, resulting from a 1,288 percent rise in the volume of stocks traded valued 610 percent more than on Monday.
The market closed with trading of 843,671 shares at $5,077,375 up from just 60,781 stock units at $714,952 on Monday.
An average of 52,729 shares were traded at $317,336 compared to 4,052 units at $47,663 on Monday, with trading for the month to date ending with an average of 19,865 shares at $164,367 compared with 16,944 stock units at $150,770 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index shed 11.65 points to end at 1,048.57, the All T&T Index dropped 19.13 points to conclude trading at 1,568.19, the SME Index remained at 87.78 and the Cross-Listed Index dipped 0.51 points to end the day at 68.93.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $65 with 157 stock units crossing the market, Angostura Holdings ended at $17 after a transfer of 35,921 shares, Ansa McAl advanced $1 to end at $62.50 with 20,307 stock units crossing the exchange. Ansa Merchant Bank sank 30 cents in closing at $41.20 with 20 stocks changing hands, First Citizens Group declined $1.85 and ended at $40 with investors trading 400 shares, FirstCaribbean International Bank fell 10 cents to close at $6.90 with 10,008 stocks clearing the market. GraceKennedy sank 5 cents to $3.60 with investors trading 159,000 units, Guardian Holdings remained at $14 after an exchange of 800 stock units, JMMB Group ended at $1.05 after 1,036 shares changed hands. 
Massy Holdings remained at $3.50 with an exchange of 602,357 units, National Enterprises rose 5 cents and ended at $3 with investors trading 7,971 stocks, NCB Financial dipped 10 cents to $2.40 with 1,033 units passing through the market. Prestige Holdings dropped $1.44 to end at $10 after an exchange of 349 shares, Republic Financial gained 10 cents to close at $112.10 in trading 2,781 stock units, Scotiabank ended at $54.50 after 1,500 stocks were traded and Unilever Caribbean remained at $11.40 with investors dealing in 31 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on Trinidad Exchange
Stocks ended trading with those gaining edging out losers on the Trinidad and Tobago Stock Exchange on Monday, following a plunge in trading with the volume of stocks traded declining 89 percent valued at 73 percent below trading on Friday, 
resulting from an exchange of 15 securities versus 17 on Friday and ending with prices of five stocks rising, four declining and six ended firm.
The market closed with trading of 60,781 shares for $714,952 compared to 572,098 stock units at $2,602,545 on Friday.
An average of 4,052 shares were traded at $47,663 down sharply from 33,653 units at $153,091 on Friday, with trading month to date averaging 16,944 shares at $150,770 compared with 18,116 units at $160,143 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index dipped 1.70 points to 1,060.22, the All T&T Index dropped 7.67 points to close at 1,587.32, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.66 points to close at 69.44.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Agostini’s remained at $65 with investors trading 499 stock units, Angostura Holdings declined 50 cents to $17 with an exchange of 1,716 shares, Ansa McAl sank $1.30 to end at $61.50 with 248 units crossing the market. Calypso Macro Investment Fund ended at $23.60 after an exchange of 6,000 stocks, First Citizens Group dipped 14 cents to finish at $41.85 with investors dealing in 29 units, FirstCaribbean International Bank popped 10 cents to close at $7 in an exchange of 2,054 shares. Guardian Holdings remained at $14 with investors trading 976 stock units, Guardian Media ended at $1.55 in switching ownership of 4 stocks, JMMB Group advanced 3 cents to finish at $1.05 after 40,000 units changed hands. 
National Enterprises fell 5 cents and ended at $2.95 with an exchange of 1,000 stocks, Prestige Holdings ended at $11.44 with 126 shares passing through the market, Republic Financial remained at $112 in an exchange of 2,036 stock units. Scotiabank rose 94 cents in closing at $54.50 with 3,248 shares clearing the market, Trinidad & Tobago NGL rallied 5 cents to $4.55 after an exchange of 500 units and West Indian Tobacco increased 50 cents and ended at $7.50 with a transfer of 2,345 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No Gains just losses on Trinidad Exchange
The price movement of stocks ended with just losses on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 17 securities up from 13 on Thursday and ending with prices of six declining and 11 ending firm, following a 53 percent rise in the volume of stocks traded, valued 206 percent more than on Thursday.
Trinidad & Tobago Stock Exchange Head Quarters
The market closed with trading of 572,098 shares for $2,602,545 compared to 372,868 stock units at $851,740 on Thursday.
An average of 33,653 shares were traded at $153,091 compared with 28,682 units at $65,518 on Thursday, with trading month to date averaging 18,116 shares at $160,143 compared with 16,331 stocks at $160,953 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index dropped 3.88 points to settle at 1,061.92, the All T&T Index fell 2.31 points to 1,594.99, the SME Index remained at 87.78 and the Cross-Listed Index lost 0.78 points to close at 68.78.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $65 after trading of 10 stocks, 
First Citizens Group slipped 1 cent to $41.99 with an exchange of 1,039 units, FirstCaribbean International Bank remained at $6.90 after closing with an exchange of 288 shares. Guardian Holdings ended at $14 with investors dealing in 7,206 stock units, Guardian Media closed trading at $1.55 after an exchange of 3,593 shares, JMMB Group lost 2 cents to end at $1.02 with investors trading 16,000 units. Massy Holdings declined 15 cents in closing at $3.50 with 457,671 stocks crossing the exchange, National Enterprises ended at $3 with a transfer of 6,302 stock units, National Flour Mills remained at $1.80 after 46,210 shares crossed the market. 
NCB Financial fell 8 cents to end at $2.50 in an exchange of 20,500 stock units, Point Lisas ended at $3.10 with 4,000 stocks changing hands, Prestige Holdings ended at $11.44 in trading 73 stock units. Republic Financial remained at $112 with 4,793 stocks clearing the market, Scotiabank dropped $1.44 to finish at $53.56 with investors trading 1,177 units, Trinidad & Tobago NGL shed 50 cents and ended at a 52 weeks’ low of $4.50 after a transfer of 1,000 shares. Trinidad Cement ended at $2.50 with traders dealing in 236 stock units and West Indian Tobacco remained at $7 as investors exchanged 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading declined on Trinidad Exchange
The Trinidad and Tobago Stock Exchange lost ground at the close of the market on Thursday, with the volume of stocks traded rising 9 percent and valued 59 percent less than on Wednesday resulting from trading in 13 securities compared with 18 on Wednesday and ending with prices of five stocks rising, five declining and three ended firm.
The market closed with trading of 372,868 shares valued at $851,740 compared to 343,559 stock units at $2,089,584 on Wednesday.
An average of 28,682 shares were traded at $65,518 compared with 19,087 stock units at $116,088 on Wednesday, with trading month to date, averaging 16,331 shares at $160,953 compared with 15,142 units at $170,143 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index dipped 2.29 points to 1,065.80, the All T&T Index declined 4.43 points to settle at 1,597.30, the SME Index ended unchanged at 87.78 and the Cross-Listed Index remained at 69.56.
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 of the market, Angostura Holdings rallied 38 cents in closing at $17.50 after an exchange of 15 shares, Calypso Macro Investment Fund fell 62 cents to $23.60 with a transfer of 58 stocks, newly SME-listed Eric Solis Marketing traded just two shares at $4 each, First Citizens Group lost 95 cents to finish at $42 in trading 77 shares. JMMB Group slipped 1 cent and ended at $1.04 in an exchange of 317,600 stock units, Massy Holdings popped 5 cents to end at $3.65 after closing with 33,350 shares changing hands, National Enterprises dipped 1 cent to close at $3 in trading 10,852 units. 
One Caribbean Media increased 2 cents to $3.03 with 1,955 stocks changing hands, Republic Financial remained at $112 with an exchange of 782 stock units, Scotiabank climbed $1.45 in closing at $55 with 4,534 shares crossing the market. Trinidad & Tobago NGL rose 25 cents and ended at $5 in switching ownership of 629 stocks, Unilever Caribbean ended at $11.40 with investors dealing in 14 units and West Indian Tobacco fell $1.31 to finish at $7 after an exchange of 3,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed day of trading on Trinidad Exchange
Stocks ended with mixed trading on the Trinidad and Tobago Stock Exchange on Wednesday, following a 192 percent rise in the volume of stocks traded with a 65 percent higher value than on Tuesday resulting in activity in 17 securities up from 13 on Tuesday and ending with prices of four stocks rising, six declining and seven ended firm.
The market closed with trading of 343,559 shares valued $2,089,584 compared to 117,520 stock units at $1,266,739 on Tuesday.
An average of 19,087 shares were traded at $116,088 compared with 9,394 units at $90,481 on Tuesday, with trading month to date averaging 15,142 shares at $170,143 compared with 14,535 units at $178,459 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index rose 2.96 points to conclude trading at 1,068.09, the All T&T Index slipped 1.52 points to end at 1,601.73, the SME Index remained at 87.78 and the Cross-Listed Index popped 1.08 points to 69.56.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $65 as investors traded just 1 stock, Angostura Holdings fell 38 cents to $17.12 after 248 shares passed through the market, Ansa McAl remained at $62.80 with investors swapping 270 units. Ansa Merchant Bank ended at $41.50 after a transfer of 240 stocks, First Citizens Group slipped 5 cents to $42.95 with investors trading 80 units, FirstCaribbean International Bank remained at $6.90 with 156 shares crossing the exchange. GraceKennedy climbed 24 cents to $3.65 with investors dealing in 3,090 stock units, Guardian Holdings remained at $14 with 388 stocks changing hands, Massy Holdings popped 10 cents in closing at $3.60 with traders dealing in 310,877 shares. National Enterprises fell 1 cent to finish at $3.01 in an exchange of 11 stocks, 
National Flour Mills gained 1 cent and ended at $1.80 with an exchange of 7,300 units, Prestige Holdings dipped 6 cents to close at $11.44 with an exchange of just one stock unit. Republic Financial ended at $112 with 3,506 shares crossing the market, Scotiabank rose 1 cent to end at $53.55 after an exchange of 8,935 stock units, Trinidad & Tobago NGL shed 25 cents to clos at ae 52 weeks’ low of $4.75 with investors trading 1,942 stock units. Trinidad Cement ended trading at $2.50 in switching ownership of 5,499 stocks and Unilever Caribbean lost 10 cents and ended at $11.40 with 1,000 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profit more than doubled at Caribbean Cream
Revenues jumped an impressive 26 percent to $764 million at Caribbean Cream, for the first quarter to May this year, from a year ago when there was no growth in revenues. The latest figures are in line with revenues for the fourth quarter of the just concluded fiscal year to February.
Profit after tax more than doubled to $15 million from just $7 million last year and almost tripled before tax to $20.4 million. The first quarter net profit represents 43 percent of 2024 full year earnings of $37 million, this points to the potential for increased profits for the current year. Also of import, is data showing, the second and fourth quarters account for 7 percent and 11 percent more sales revenues than the immediately preceding quarters, resulting in around $55 million and $85 million in sales, respectively.
Other income moved from just over $1 million in 2023 to a loss of $3 million this year.
Gross profit margin in the first quarter rose to 35 percent from 30.7 percent in 2023 as input cost climbed vastly slower than sales growth, at 19 percent to $97 million from $418 million in 2023. The effect, operating profit surged 43.5 percent in the quarter to $267 million from $186 million.
Administrative expenses jumped 34.4 percent to $198 million in the quarter from $148 million in 2023. Sales and distribution expenses surged 58 percent to $22 million from $14 million in the prior year. Finance costs increased to $23 million in the quarter from $18 million in 2023. Taxation climbed from $956,677 to $5.11 million.
Current assets ended the period at $485 billion including trade and other receivables of $184 million, cash and bank balances of $97 million. Current liabilities ended the period at $331 million. Net current assets ended the period at $154 million.
At the end of May, shareholders’ equity amounts to $878 million with long term borrowings at $1.1 billion and short term at $108 million. The increased borrowing was used in financing the increased fixed asset that now is on the books at $1.74 billion and is up from $825 million at the end of February 2021.
Earnings per share for the quarter was 4 cents. IC Insider.com computation projects earnings of 70 cents per share for the fiscal year ending February 2025, with a PE of 5 times the current year’s earnings based on the price of $3.45 the stock traded at on the Jamaica Stock Exchange Junior Market. Net asset value ended the period at $2.32 with the stock selling at 1.50 time book value.
Eric Solis trades up
Eric Solis Marketing that was listed on the SME market of the Trinidad and Tobago Stock Exchange on Monday had just two shares trading at $4.60, up 60 cents from the IPO price of $4. Trading activity in the overall market resulted in a mild fall in the volume of stocks traded with the value dropping 16 percent from Monday’s trades with 14 securities trading compared with 19 on Monday and ending with prices of four stocks rising, five declining and five ending firm.
The market closed with trading of 117,520 shares valued at $1,266,739 compared to 123,765 stock units at $1,510,113 on Monday.
An average of 8,394 shares were traded at $90,481 compared with 6,514 units at $79,480 on Monday, with trading month to date averaging 14,535 shares at $174,459 compared with 15,330 units at $190,372 on the previous day and for an average for August of 21,741 shares at $142,770.
The Composite Index shed 1.00 points to settle at 1,065.13, the All T&T Index sank 3.41 points to finish at 1,603.25, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.22 points to wrap up trading at 68.48.
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, First Citizens Group skidded 50 cents to finish at $43 after an exchange of 25 shares, FirstCaribbean International Bank ended at $6.90 with a transfer of 41,702 stocks, GraceKennedy fell 24 cents to $3.41 and closed after 3,000 shares changed hands. Guardian Media ended at $1.55 with 14 stock units crossing the market, JMMB Group popped 4 cents in closing at $1.05 after investors ended trading 100 shares, Massy Holdings closed at $3.50 after 29,147 stock units passed through the market. 
National Enterprises dipped 3 cents to $3.02 with 27,734 units changing hands, NCB Financial lost 2 cents and ended at $2.58 in an exchange of 3,000 stocks, Republic Financial remained at $112 with traders dealing in 1,726 units. Scotiabank slipped 1 cent to close at $53.54 after an exchange of 10,895 shares, Trinidad & Tobago NGL ended at $5 with 35 stocks being traded, Unilever Caribbean climbed 90 cents to end at $11.50 with 101 stock units crossing the market and West Indian Tobacco rose 27 cents to close at $8.31 with investors trading 39 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
