Trading plunges on the Trinidad Exchange

More stocks declined that gained on the Trinidad and Tobago Stock Exchange on Friday as trading activity fell compared to Thursday, with a 59 percent fall in the volume of stocks changing hands, with an 80 percent lower value, resulting in 18 securities trading compared with 21 on Thursday, with prices of three stocks rising, six declining and nine remaining unchanged.
Investors traded 239,632 shares for $4,387,314. compared to 578,879 stock units at $21,821,167 on Thursday.
Trading averaged 13,313 shares at $243,740 versus 27,566 units at $1,039,103 on Thursday. Trading month to date averages 25,862 shares at $715,691 compared to 31,966 units at $945,289 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index increased 2.41 points to end at 1,324.11, the All T&T Index rallied 3.46 points to 1,980.77, the SME Index remained unchanged at 57.12 and the Cross-Listed Index climbed 0.18 points to end at 86.99.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s remained at $56 after a transfer of 8,481 shares, Angostura Holdings ended at $23.74, with 495 stock units clearing the market, Ansa McAl popped $1.99, ending at $50 after an exchange of 480 units. Calypso Macro Investment Fund remained at $20.25 after 211 stocks were traded, First Citizens Group ended at $50, with 200 stocks crossing the market, FirstCaribbean International Bank gained 4 cents in ending at $6.15 with investors transferring 4,549 units. GraceKennedy ended at $4.75 as 720 shares passed through the market, Guardian Holdings shed 20 cents to end at $25.80 in trading 233 stock units, JMMB Group remained at $1.99 with one stock changing hands. L.J. Williams B share dipped 15 cents to $2.55 in an exchange of 600 units, Massy Holdings remained at $4.49 in switching ownership of 197,706 shares, National Enterprises climbed 39 cents in closing at $3.99 after an exchanging of 1,114 stock units. One Caribbean Media ended at $3.50, with 1,000 stocks crossing the market, Point Lisas ended at $3.55 with a transfer of 545 stock units, Republic Financial fell $3.50 to $134 with an exchange of 20,999 shares. Scotiabank added 1 cent in closing at $77.94 with 523 units changing hands, Trinidad & Tobago NGL dropped 25 cents to $21 in trading 1,600 shares and West Indian Tobacco lost 1 cent to close at $20.50, with 175 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Image Plus surge in profits

Following a big surge in revenues and profit for the year to February 2022, Image Plus Consultants with revenues climbing 27 percent to $777 million and profit surging 298 percent to $94 million after tax, the company is now reporting continuing solid performance for the nine months to November.

Revenues climbed 27 percent in the November quarter to $248 million and 43 percent in the nine months to $803 million while profit rose moderately to $24 million from $22 million in 2021 for the last quarter.  The 2022 quarterly results would be about 50 percent better than the outturn for the 2021 period, being saddled with added costs that were not incurred in 2021, with expected credit loss expense of $6 million with none in 2021 and higher finance cost of $8 million up from $1.8 million. For the nine months, profit nearly tripled that of 2021 to reach $148 million.
It is unclear whether earnings reflect the elevated payment of directors’ fees or not. The change in cost year over year does not suggest that in which case profit for the new period would jump sharply when that cost amounting to some $15 million per quarter falls away. Costs of sales rose 25.5 percent to $82.8 million in the latest quarter, from $66 million in 2021, for the nine months, the increase is 42 percent to $274 million from $192 million, with both the quarterly and nine months cost tracking close to the increased revenues, which is a positive development.
Administrative expenses rose 21.6 percent to $113 million from $93 million for the quarter and 12.7 percent for the nine months to $297 million from $264 million in 2021. Depreciation charges were flat in the quarter at $13 million but up to $32 million from $29 for the nine months.Dr Karlene McDonnough – Chairman of Image Consultants Ltd. The company originally reported incorrect earnings per share for the periods with the use of an incorrect number of shares in the computation but that has since been amended with a new release.  Earnings per share for the quarter is 2.3 cents and 15 cents for the nine months.

Dr Karlene McDonnough – Chairman of Image Consultants Ltd.

“The rate of revenue growth slowed somewhat since the second quarter as a result of the Ocho Rios relocation exercise (all operations at that branch were closed for four days whilst CT and Xray services were down for an additional seven days when the branch reopened as we awaited relocation of the 3 phase power supply required to operate these units). Management is confident that the move and resulting downtime is an investment that will redound significantly to the benefit of all stakeholders in the months ahead” the chairman and the Managing directors advised shareholders in their commentary accompanying the financials and went on to say.
“Despite this downtime, the company’s case count remains very healthy at 40,949 representing year to date, an increase of over 17 percent compared to the comparative period in the prior year. The number of cases at nine months represents 88.3 percent of the full financial year 21/22 case count.  Expenses grew 12.7 percent over the last financial year driven by higher than normal costs in Q3. In the main, these costs were associated with one off marketing expenditure for the re-printing of all billboards, directional and office signs for the Ocho Rios branch. Traditionally too, Q3 costs are expected to be a little higher as we have expenditure associated with referring physician appreciation and end of year performance incentives for our team members.”
Cash flow generated by operations was $138 million, acquisition of fixed assets amounting to $143 million utilized it all, in addition, $30 million was placed in investments and $30 million was used to pay dividends that were partially funded from net loan proceeds that brought in $51 million.
At the end of November, long term borrowings stood at $118 million and short term at just $4 million. Current assets ended the period at $311 million including trade and other receivables of $242 million, up from $106 million in 2021, while cash funds and investments ended at $49 million. Current liabilities ended the period at $124 million. Net current assets amount to $200 million.
November ended with shareholders’ equity of $415 million but is expected to hit the $900 million mark with the proceeds of the recent public share issue.
The stock that fell to a low of $1.77 last week, traded over $2 since this week.

Stocks mostly gain but Trinidad exchange falters

Rising stocks outpace those declining, two to one on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining slightly compared with Wednesday, with a 66 percent higher value, resulting in 21 securities trading up from 16 on Wednesday, with prices of eight stocks rising, four declining and nine remaining unchanged.
Investors traded 578,879 shares for $21,821,177 versus 603,880 stocks at $13,154,529 on Wednesday.
An average of 27,566 units were traded at $1,039,103 compared to 37,743 shares at $822,158 on Wednesday, with trading month to date averaging 31,966 shares at $945,289 versus 37,743 units at $822,186 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index lost 3.59 points to close at 1,321.70, the All T&T Index fell 4.70 points to 1,977.31, the SME Index remained unchanged at 57.12 and the Cross-Listed Index declined 0.34 points to 86.81.
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 increased $2 to a 52 weeks’ high of $56, with 19 shares crossing the exchange, Angostura Holdings lost 1 cent in closing at $23.74 after switching ownership of 125 stocks, Ansa McAl popped 1 cent to $48.01 as investors exchanged 5,204 stock units. Calypso Macro Investment Fund ended at $20.25 with 600 units clearing the market, First Citizens Group dipped 49 cents in ending at $50 with the swapping of 1,918 units, FirstCaribbean International Bank climbed 1 cent in closing at $6.11 as 2,386 shares passed through the market. GraceKennedy gained 5 cents to $4.75, with 31,155 stocks changing hands, Guardian Holdings remained at $26 after an exchange of 218,509 stock units, JMMB Group ended at $1.99 in exchanging 2,250 stock units. L.J. Williams B share remained at $2.70 with a transfer of 10 stocks, Massy Holdings ended at $4.49 with trading in 25,399 units, National Enterprises declined 11 cents in closing at $3.60 after 115,000 shares changed hands. National Flour Mills advanced 1 cent to close at $1.51, with 10,100 stocks crossing the market, One Caribbean Media rose 39 cents to $3.50 while exchanging 30,000 stock units, Point Lisas rallied 5 cents to end at $3.55 with 459 units changing hands. Prestige Holdings remained at $7 after a transfer of 1,650 shares, Republic Financial remained at $137.50 with an exchange of 98,145 shares, Scotiabank ended at $77.95 in trading 17,649 stock units. Trinidad & Tobago NGL remained at $21.25 as 15,744 units changed hands, Unilever Caribbean increased 30 cents in closing at $13.90 with investors transferring 1,086 stocks and West Indian Tobacco fell 80 cents to end at $20.51 in trading 1,471 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading up on Trinidad Exchange

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Trading picked up sharply on the Trinidad and Tobago Stock Exchange to start off the new months on Wednesday on a positive note, with the volume of stocks traded rising 61 percent with a 372 percent greater value than on Tuesday resulting in 16 securities trading compared with 18 on Tuesday, with four stocks rising, five declining and seven remaining unchanged.
Trading jumped with 603,880 shares changing hands for $13,154,529 compared with 376,062 stock units at $2,789,039 on Tuesday. An average of 37,743 units were traded at $822,158 versus 20,892 shares at $154,947 on Tuesday. January ended with an average of 28,440 shares at $235,404.
The Composite Index rose 1.92 points to close at 1,325.29, the All T&T Index rose 0.20 points to 1,982.01, the SME Index remained unchanged at 57.12 and the Cross-Listed Index climbed 0.53 points to settle at 87.15.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings shed 15 cents in closing at $23.75 after an exchange of 42 shares, Ansa McAl dropped $2.90 to close at $48 with 5,000 stock units changing hands, Calypso Macro Investment Fund ended at $20.25, with 30 units crossing the market. First Citizens Group rallied 39 cents to end at $50.49 after 177 stocks were traded, GraceKennedy popped 20 cents in ending at $4.70 with an exchange of 552 stock units, Guardian Holdings remained at $26 after exchanging 287,982 stocks. JMMB Group dipped 5 cents in ending at $1.99 and closed with 28,206 units passing through the market, Massy Holdings remained at $4.49 in switching ownership of 175,954 shares, National Enterprises added 11 cents to close at $3.71, with 65,330 stock units crossing the exchange. NCB Financial ended at $4.20 with investors trading 1,059 shares, One Caribbean Media remained at $3.11 with the swapping of 4,737 stocks, Republic Financial increased 12 cents to $137.50 after trading 30,200 units. Scotiabank ended at $77.95 in an exchange of 1,108 shares, Trinidad & Tobago NGL declined 5 cents in closing at $21.25 in 2,334 stock units changing hands, Unilever Caribbean remained at $13.60 while exchanging 993 stocks and West Indian Tobacco fell 1 cent to end at $21.31 after a transfer of 176 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage for Trinidad and Tobago exchange

The Trinidad and Tobago Stock Exchange closed on Tuesday, with the major market indices falling after slightly more stock prices rose that declined following a 95 percent increase in the volume of stocks traded, with the value dropping 52 percent lower than on Monday and resulting in 18 securities changing hands compared with 17 on Monday and ending with prices of three stocks rising, five declining and ten remaining unchanged.
Investors traded 376,062 shares for $2,789,039 versus 193,164 stock units at $5,765,140 on Monday.
Trading averaged 20,892 units at $154,947 compared with 11,363 shares at $339,126 on Monday, with trading month to date averaging 28,440 shares at $235,410 versus 28,840 units at $239,683 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index dropped 4.19 points to 1,323.37, the All T&T Index shed 8.79 points to end at 1,981.81, the SME Index remained unchanged at 57.12 and the Cross-Listed Index popped 0.10 points to close at 86.62.
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 of trading, Agostini’s remained at $54 after 6,504 shares crossed the market, Ansa McAl rallied 40 cents to end at $50.90 in trading 1,155 stocks, Calypso Macro Investment Fund ended at $20.25 with an exchange of 127 units. First Citizens Group gained 10 cents in closing at $50.10, with 4,163 stock units crossing the market, FirstCaribbean International Bank remained at $6.10 as investors exchanged 17,982 stocks, GraceKennedy ended at $4.50, with 44 stock units crossing the exchange. Guardian Holdings remained at $26 in an exchange of 5,044 units, JMMB Group dipped 3 cents to $2.04 as 148,777 shares were traded, Massy Holdings ended at $4.49 after an exchange of 57,288 shares. National Enterprises lost 10 cents to close at $3.60 with investors transferring 110,000 stock units, National Flour Mills ended at $1.50 trading 1,477 stocks, NCB Financial dropped 10 cents in closing at a 52 weeks’ low of $4.20 after an exchange of 3,915 units. Prestige Holdings remained at $7 after trading 35 stock units, Republic Financial dipped 62 cents to close at $137.38 after 4,975 shares changed hands, Scotiabank remained at $77.95, with 1,213 units clearing the market. Trinidad & Tobago NGL popped 5 cents to end at $21.30 as 345 stocks passed through the market, Unilever Caribbean ended at $13.60 with the swapping of 12,776 stocks and West Indian Tobacco fell 63 cents to close at $21.32 while exchanging 242 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Moderate changes for Trinidad Exchange

Investors pumped vastly more funds into trading on the Trinidad and Tobago Stock Exchange on Monday, but the volume of stocks traded declined 40 percent with the value jumping 196 percent over trades on Friday, resulting in the trading of 17 securities down from 19 on Friday, with prices of four stocks rising, one declining and 12 remaining unchanged.
Investors traded 193,164 shares for $5,765,140 compared with 324,227 stock units at $1,944,573 on Friday.
An average of 11,363 units were traded at $339,126 compared with 17,065 shares at $102,346 on Friday, with trading month to date averaging 28,840 shares at $239,683 versus 29,763 units at $234,433 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index lost 0.63 points to 1,327.56, the All T&T Index increased 0.77 points to 1,990.60, the SME Index remained unchanged at 57.12 and the Cross-Listed Index fell 0.30 points to 86.52.
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, Angostura Holdings remained at $23.90 after 240 shares were traded, Calypso Macro Investment Fund ended at $20.25 with 321 units changing hands, First Citizens Group ended at $50 in switching ownership of 3,855 stock units. GraceKennedy remained at $4.50 after an exchange of 500 stocks, 989 shares of Guardian Holdings were exchanged at $26 each, JMMB Group ended at $2.07 after 39,230 shares changed hands. Massy Holdings ended at $4.49 as investors traded 44,064 units, National Enterprises popped 1 cent in closing at $3.70 with investors transferring 12,976 stock units, National Flour Mills ended at $1.50 as 8,000 stock units passed through the market. NCB Financial ended at $4.30 in trading 16,050 units, One Caribbean Media gained 1 cent to $3.11, with 2,220 stocks crossing the exchange, Point Lisas popped 43 cents to close at $3.50 while exchanging 295 shares. Prestige Holdings remained at $7, with 5,000 stocks clearing the market, Republic Financial rallied 75 cents to end at $138 after a transfer of 32,417 stock units, Scotiabank remained at $77.95, with 994 units crossing the market. Trinidad & Tobago NGL shed 5 cents in closing at $21.25 in an exchange of 8,176 shares and West Indian Tobacco ended at $21.95 after investors traded 17,837 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Why accountants cant compute earnings per share?

The latest company to get the computation of earnings per share wrong is the last to list on the Jamaica Stock Exchange, but it is not the only one that has accountants and auditors that cannot compute earnings per share properly. The other most recent listing got it terribly wrong, not only did this happen for the interim accounts, most likely produced internally but the audited report had the wrong computation as well.

Dr. Karlene McDonnough – Chairman of Image Consultants Ltd.

The correct computation of earnings per share is so critical, with investors using it to value shares of companies. A wrong calculation can result in distorted valuation by investors placed on a stock and it only needs to be in the marketplace for a few days for enormous potential damage to be done.
The Jamaica Stock Exchange in publishing reports with woefully inaccurate earnings per share figures should place a bold note with the release of the results that there is an error in the EPS so that all investors can be aware of it upfront. This approach is recommended rather than waiting for the company to re-compute it as the release of profits is also of much import to the market. this will require a different approach by the JSE than the current practice.
Image Plus Consultants which was listed just over a week ago reported a strong increase in revenues and profits but spoilt it by reporting excessively overstated earnings per share as they used the incorrect number of shares in the computation. Rather than 29 cents per share for the quarter and $1.84, it reported the computation is 2.3 cents and 15 cents for the nine months. One on One Education did the same thing for both their audited accounts and the first quarter results, both of which were corrected this past week after it was in the public domain for several days before the revision. This publication has been critical of the boards of both companies. The latest error shows the lack of experience on behalf of the board members as well as their accountant and the stock exchange must share the blame as well.

Ricardo Allen CEO of One to One

It is one thing for a company to get the computation wrong, it is an entirely different issue for auditors to do the same. The problem is that on too many occasions this error is cropping up and the situation seems to get worse as the Junior Market listings grow.
Stock splits or stock bonuses do not result in averaging shares issued. All that is needed in such cases is to use the new number of shares in computing EPS and all past periods are to be adjusted likewise. Only when new shares are issued for a consideration of value that the time weighted average number of shares would be used.
We have written on more than one occasion that investors in Jamaica are not properly protected, the above errors are just some of the matters that need to be addressed, but like the Stocks and Securities issue and others similar, those in authority fail to move with alacrity in correcting the fault.

Trinidad Exchange bounces

Rising stocks pushed the Trinidad and Tobago Stock Exchange higher on Friday, but the volume of stocks traded declined 12 percent with the value being 56 percent lower than on Thursday resulting in 19 securities trading compared with 19 on Thursday and ended with five stocks rising, seven declining and seven remaining unchanged.
Investors traded 324,227 shares for $1,944,573 compared to 368,174 stock units at $4,467,202 on Thursday.
An average of 17,065 units were traded at $102,346 compared with 19,378 shares at $235,116 on Thursday, with trading month to date averaging 29,763 shares at $234,433 compared with 30,559 units at $242,715 on the previous day. The average trade for December ended at 42,745 for $474,822.
The Composite Index gained 17.31 points to 1,328.19, the All & Index popped 6.23 points to 1,989.83, the SME Index closed unchanged at 57.12 and the Cross-Listed Index popped 4.08 points to settle at 86.82.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Angostura Holdings rose 20 cents to $23.90, with 625 shares crossing the exchange, Ansa McAl climbed $1 to end at $50.50 after 1,250 stocks changed hands, Calypso Macro Investment Fund remained at $20.25 after a transfer of 112 units. First Citizens Group dipped 10 cents to $50 as investors exchanged 3,293 stock units, FirstCaribbean International Bank gained 50 cents to close at $6.10, with 25,722 units changing hands, GraceKennedy rallied 5 cents to $4.50, with 1,174 stocks crossing the market. Guardian Holdings ended at $26 with an exchange of 16,606 stock units, JMMB Group lost 17 cents in closing at $2.07, with 67,687 shares clearing the market, L.J. Williams B share ended at $2.70 after an exchange of 100 units. Massy Holdings remained at $4.49 in trading 35,129 stocks, National Enterprises slipped 1 cent in closing at $3.69 with an exchange of 74,750 shares, National Flour Mills declined 5 cents to $1.50 and closed with 30,000 stock units passing through the exchange. NCB Financial remained at $4.30 with investors trading 33,398 stock units, One Caribbean Media dropped 1 cent to close at $3.10 after a transfer of 25,290 shares, Republic Financial fell 75 cents to end at $137.25 in trading 211 stocks  Scotiabank ended at $77.95 after an exchange of 1,249 units, Trinidad & Tobago NGL dropped 8 cents in ending at $21.30 after switching ownership of 2,115 stocks, Trinidad Cement remained at $3.60 with the swapping of 993 units and West Indian Tobacco advanced 10 cents to $21.95 in finishing trading of 4,523 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Prices climb on Trinidad Exchange

The Composite Index of the Trinidad and Tobago Stock Exchange surged on Thursday as investors pumped more money into the market but purchased fewer shares than on Wednesday. Trading ended 32 percent fewer shares changing hands but the value jumped 94 percent resulting in activity in 19 securities as was the case Wednesday, and ended with prices of nine stocks rising, six declining and four remaining unchanged.
Investors traded 368,174 shares for $4,467,202 compared with 543,121 units at $2,298,447 on Wednesday.
An average of 19,378 shares were traded at $235,116 against 28,585 units at $120,971 on Wednesday. Trading month to date averages 30,559 shares at $242,715 versus 31,307 units at $243,224 on the previous day. The average trade for December amounts to 42,745 shares at $474,822.
The Composite Index lost 20.79 points to close at 1,310.88, the All T&T Index increased 0.86 points to 1,983.60, the SME Index remained unchanged at 57.12 and the Cross-Listed Index shed 6.15 points to settle at 82.74.
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, Angostura Holdings popped 20 cents in closing at $23.70 after exchanging 943 shares, Calypso Macro Investment Fund rose 10 cents to end at $20.25, with 450 stocks changing hands, First Citizens Group rallied 9 cents to $50.10 in trading 1,961 units. FirstCaribbean International Bank dropped 40 cents to close at $5.60 with the swapping of 2,000 stock units, GraceKennedy dipped 5 cents to $4.45 while exchanging 39,423 stock units, Guardian Holding shed $1 to close at $26, with 2,348 shares crossing the market. Guardian Media ended at $2.15 after exchanging 1,191 units, JMMB Group gained 9 cents in closing at $2.24 in an exchange of 24,661 stocks, Massy Holdings remained at $4.49 with a transfer of 80,933 shares. National Enterprises increased 15 cents to $3.70 after an exchange of 14,827 units, National Flour Mills climbed 4 cents to end at $1.55 and closed with an exchange of 102,893 stocks, NCB Financial fell 26 cents in ending at a 52 weeks’ low of $4.30 as 17,300 stock units passed through the market. Point Lisas lost 43 cents at $3.07 with 3,450 stocks clearing the market, Prestige Holdings advanced 25 cents to $7, with 30,121 shares changing hands, Republic Financial climbed 55 cents to close at $138 in switching ownership of 18,697 units. Scotiabank ended at $77.95, with 575 stock units crossing the exchange, Trinidad & Tobago NGL declined 6 cents to end at $21.38 after a transfer of 18,937 units, Unilever Caribbean remained at $13.60 in trading 1,020 stocks and West Indian Tobacco increased 85 cents to close at $21.85 with an exchange of 6,444 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mixed trading for Trinidad Exchange

The Trinidad and Tobago Stock Exchange closed with mixed results on Wednesday, with the volume of stocks traded rising 212 percent, with the value 44 percent lower than on Tuesday, resulting in 19 securities trading down from 22 on Tuesday, with the prices of five stocks rising, three declining and 11 remaining unchanged.
Investors exchanged 543,121 shares for $2,298,447 versus 174,158 stock units at $4,105,077 on Tuesday.
An average of 28,585 shares were traded at $120,971 compared with 7,916 shares at $186,594 on Tuesday. Trading month to date averages 31,307 shares at $243,224 versus 31,503 units at $251,989 on the previous day. The average trade for December ended with 42,745 shares at $474,822.
The Composite Index rallied 2.83 points to 1,331.67, the All T&T Index shed 4.71 points to 1,982.74, the SME Index ended unchanged at 57.12 and the Cross-Listed Index popped 1.53 points to settle at 88.89.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $54 and closed with an exchange of 2,452 shares, Angostura Holdings gained 35 cents in closing at $23.50 after an exchange of 83 stock units, Ansa Merchant Bank remained at $45 with 2,300 stocks changing hands. First Citizens Group ended at $50.01 as investors exchanged 1,729 units, FirstCaribbean International Bank climbed 20 cents to end at $6 with 250 stocks clearing the market, GraceKennedy increased 5 cents to close at $4.50 in an exchange of 500 shares. Guardian Holdings shed 25 cents ending at $27 with a transfer of 30 stock units, Guardian Media remained at $2.15 trading nine units, JMMB Group rose 15 cents to $2.15 after trading 59,815 units. L.J. Williams B share remained at $2.70 with an exchange of 730 shares, Massy Holdings dipped 1 cent to close at $4.49 as 11,683 stocks passed through the market, National Enterprises ended at $3.55 while trading 449,777 stock units. National Flour Mills ended at $1.51 with ten stocks crossing the market, Prestige Holdings remained at $6.75 after trading 1,545 shares, Republic Financial fell 55 cents to $137.45 after a transfer of 67 stock units. Scotiabank ended at $77.95 in switching ownership of 95 units, Trinidad & Tobago NGL advanced 19 cents in ending at $21.44 after 5,800 units crossed the exchange, Trinidad Cement remained at $3.60 in exchanging 1,386 stocks and West Indian Tobacco remained at $21 after 4,860 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.