Trading drops on Trinidad market

Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 43 percent, with 31 percent less value than on Wednesday, resulting from trading in 18 securities up from 10 on Wednesday, with prices of four rising, three declining and 11 remaining unchanged.
A total of 137,453 shares were exchanged for $2,186,097 down from 243,182 shares at $3,177,226 on Wednesday. An average of 7,636 units traded at $121,450 compared to 24,318 shares at $317,723 on Wednesday, with trading month to date averaging 46,718 shares at $472,219 versus 48,630 units at $489,377 on the previous day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index shed 0.79 points to close at 1,340.63, the All T&T Index fell 1.53 points to 2,008.96 and the Cross-Listed Index remained at 87.56.
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 $45 trading 242 shares, Angostura Holdings dipped 5 cents to close at $23 in exchanging 2,475 stock units, Calypso Macro Investment Fund remained at $22 with a transfer of 85 units. Clico Investment Fund rallied 1 cent to $30, with 3,301 stocks clearing the market, First Citizens Group remained at $50 in switching ownership of 205 stock units, FirstCaribbean International Bank ended at $5.10 with investors transferring 5,565 stocks. Guardian Holdings ended at $25.50, with 1,474 shares changing hands, JMMB Group increased 3 cents to $2.30 in trading 10,000 units, L.J. Williams B share fell 15 cents to $2.05 after exchanging 5,000 units. Massy Holdings remained at $4.75 after swapping 67,853 shares, National Enterprises ended at $3.30 with a transfer of 1,600 stocks, Point Lisas remained at $3.11 after trading 160 stock units. Prestige Holdings remained at $6.40 in exchanging 3,528 stock units, Republic Financial Holdings climbed 2 cents to $140.02, with 110 stocks crossing the market, Scotiabank ended at $78.40, with 15,391 units crossing the exchange. Trinidad & Tobago NGL lost 5 cents in closing at $21.45 after trading 2,079 shares, Unilever Caribbean gained 50 cents in ending at $13 after exchanging 12,947 stocks and West Indian Tobacco ended at $22.50, with 5,438 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

7-0 for TTSE on Wednesday

The bearish sentiment in Tuesday’s trading when 40 percent of stocks trading on Trinidad and Tobago Stock Exchange on Tuesday continue on Wednesday, with no stock price rising, seven declining and three remaining unchanged, with 56 percent less volume of stocks trading with 67 percent lower value than on Tuesday, resulting in trading 10 securities, down from 20 on Tuesday.
A total of 243,182 shares were exchanged for $3,177,226, down from 547,703 units at $9,500,672 on Tuesday. An average of 24,318 shares were exchanged at $317,723 compared to 27,385 units at $475,034 on Tuesday, with a month to date average of 4 8,630 units at $489,377 versus 49,309 units at $494,171 on the previous trading day. The average trade for August was40,829 units at $378,385.
The Composite Index fell 1.76 points to 1,341.42, the All T&T Index lost 3.40 points at 2,010.49 and the Cross-Listed Index remained unchanged at 87.56
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $45 in an exchange of 500 shares, Clico Investment Fund fell $1.51 in closing at $29.99 with a transfer of 30,306 stocks, First Citizens Group remained at $50 with the swapping of 4,758 stock units. Guardian Holdings dropped 25 cents to $25.50 in an exchange of 293 units, JMMB Group lost 3 cents to close at $2.27 after trading 82,115 shares, Massy Holdings closed at $4.75, with 69,251 stocks crossing the market. Republic Financial Holdings declined 15 cents to $140 after trading 834 stock units, Scotiabank shed 1 cent to close at $78.40 after finishing trading 2,394 units, Trinidad & Tobago NGL dipped 40 cents in closing at $21.50 after exchanging 3,544 stock units and West Indian Tobacco dropped 35 cents to end at a 52 weeks’ low of $22.50, with 49,187 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Prices fall in Port of Spain

Stock prices plunged on Tuesday on the Trinidad and Tobago Stock Exchange, with 20 securities traded the same as on Monday, with the price of just one rising, eight declining and 11 remaining unchanged following an 82 percent fall in the volume of stocks traded declining, with a 39 percent lower value than on Monday. 
A total of 547,703 shares were exchanged for $9,500,672 compared to 3,073,793 units at $15,569,343 on Monday. An average of 27,385 shares were traded at $475,034 compared to 153,690 units at $778,467 on Monday, with trading month to date averaging 49,309 units at $494,171 versus 50,606 units at $495,304 on the previous day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index shed 13.48 points to 1,343.18, the All T&T Index fell 9.64 points to 2,013.89 and the Cross-Listed Index dipped 2.46 points to settle at 87.56.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and three with lower offers.
At the close, Agostini’s ended at $45, with 1,129 shares crossing the exchange, Angostura Holdings dipped $1.95 to $23.05 after exchanging 268,800 stocks, investors traded 322 stock units of Ansa McAl at $56.50. Clico Investment Fund closed trading of 5 units at $31.50, First Citizens Group lost 1 cent to end at $50 as 2,500 stocks were exchanged, FirstCaribbean International Bank ended at $5.10 with 315 units crossing the market. GraceKennedy fell 30 cents to close at $5 in exchanging 2,099 stock units, Guardian Holdings had an exchange of 8,702 shares at $25.75, Guardian Media popped 1 cent to end at $3.10 with investors transferring 10 stocks. JMMB Group ended at $2.30 with an exchange of 91 shares, Massy Holdings ended at $4.75, with 152,671 stock units clearing the market, National Enterprises exchanged 6,068 units in ending at $3.30. NCB Financial Group dropped 30 cents in closing at a 52 weeks’ low of $4.50 while switching ownership of 16,287 units, Prestige Holdings ended at $6.40 with an exchange of 154 stocks, Republic Financial Holdings shed 35 cents to end at $140.15 with a transfer of 2,602 stock units. Scotiabank declined 59 cents to close at $78.41 in trading 16,418 shares, Trinidad & Tobago NGL remained at $21.90 while exchanging 8,104 stocks, Trinidad Cement ended at $3.55 with the swapping of 61,000 shares. Unilever Caribbean lost 65 cents in closing at $12.50, with 200 stock units changing hands and West Indian Tobacco declined 5 cents to $22.85 after a transfer of 226 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on Trinidad Exchange

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Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 171 percent and the value rising 113 percent more than on Friday and resulting in 20 securities traded compared to 16 on Friday, with prices of four rising, five declining and 11 remaining unchanged.
A total of 3,073,793 shares were exchanged for $15,569,343 versus 1,134,926 units at $7,308,478 on Friday. An average of 153,690 units were traded at $778,467 compared to 70,933 shares at $456,780 on Friday, with trading month to date averaging 50,606 units at $495,304 versus 44,123 units at $477,495 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index declined 2.25 points to 1,356.66, the All T&T Index popped 2.03 points to 2,023.53 and the Cross-Listed Index fell 0.96 points to 90.02.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and three with lower offers.
At the close, Agostini’s dropped 65 cents in closing at $45 after trading 81 shares, Angostura Holdings ended at $25 in an exchange of 12 units, Clico Investment Fund declined 40 cents to $31.50 with  14,889 stock units changing hands. Endeavour Holdings remained at $7 with investors transferring 500 stocks, First Citizens Group gained 1 cent to close at $50.01 after trading 1,085 stocks, FirstCaribbean International Bank rallied 2 cents to $5.10 as investors exchanged 3,040 units. GraceKennedy remained at $5.30 in switching ownership of 388 stock units, Guardian Holdings ended at $25.75, with 404 shares crossing the market, JMMB Group ended at $2.30 while exchanging 10,904 stock units. Massy Holdings advanced 10 cents to end at $4.75 in an exchange of 861,014 stocks, National Enterprises lost 5 cents to end at $3.30 after trading 19,546 shares, NCB Financial Group dipped 5 cents to $4.80 with the swapping of 2,147,031 units. Point Lisas ended at $3.11, with 1,500 stock units clearing the market, Prestige Holdings remained at $6.40 after exchanging 5 shares, Republic Financial Holdings ended at $140.50 with 2,067 stock units passing through the exchange. Scotiabank popped 33 cents in closing at $79, with 62 units crossing the market, Trinidad & Tobago NGL fell 20 cents to $21.90 after a transfer of 650 stocks, Trinidad Cement remained at $3.55, with 100 units changing hands. Unilever Caribbean ended at $13.15 after 8 stock units crossed the exchange and West Indian Tobacco remained at $22.90 after exchanging 10,507 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

CAC 2000 ICTOP10 top performer

Junior Market IC TOP10 stocks had some strong gains in the past week and losses that were lower than the gains, but Main Market stocks were more stable, with minor price changes while Lasco Financial in the Junior Market replaced Iron Rock Insurance.

CAC 2000 was the star performer in the Junior Market during the week, jumping 20 percent to $8.30, after dropping 14 percent in the previous week to $6.90. Caribbean Assurance Brokers declined 15 percent last week to $2.30, rebounded 13 percent to $2.60 and Access Financial recovered from a 9 percent decline last week, gaining 12 percent to $22.30. Elite Diagnostic climbed 8 percent to $5.84 last week, but fell 8 percent to $3.31, Lasco Distributors gained 5 percent last week to $3.10 but could not hold on and slipped 8 percent to $2.84 and Caribbean Cream jumped 18 percent last week to $4.70, fell 5 percent to close at $4.47.
In the Main Market Guardian Holdings rose 5 percent to $520, Berger Paints gained 4 percent to percent but Key Insurance fell 7 percent to $3.36 and Sygnus Credit Investments declined 5 percent to $13.08.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8, important indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 245 percent and the Main Market TOP10 s projected to gain an average of 239 percent, to May 2023.
The Junior Market currently sells at an average PE of around 12.8 but already there are 15 stocks or a third of the market, with PEs from 16 to 33, averaging 21. The top half of the market has an average PE of 18. This data shows how much potential gains are in the top 10. The situation in the main market is similar, with the 15 highest valued stocks priced at a PE of 15 to 84, averaging 25 and 21 excluding the highest valued one.
Currently, the Junior Market is slightly negative but is poised to move higher in the weeks ahead but the main market is under negative clouds that could send the market index lower as NCB Financial and other financial companies continue to trade with inadequate support.
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 2023 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.

Consolidated Bakeries hits new high

Consolidated Bakeries ended at a fresh multiyear closing high of $2.50 on Friday, with more than a million shares trading. Investors can expect more gains from this one as the company enjoyed strong first half year results that are expected to carry over to the second half and with the pe ratio now at 10 times this year’s earnings.

Consolidated Bakeries (Purity) traded at a 52 weeks’ closing high on Friday.

Key Insurance is added to the watch list with the price down to $3.36. After releasing full year results last week, Express Catering released first quarter results to August. Based on those numbers, ICInsider.com revised earnings per share to 40 Jamaica cents for the current fiscal year, with the PE now at 13.
ICInsider.com watch list comprises Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, NCB Financial, Stationery and Office Supplies, Paramount Trading and Scotia Group.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated from last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.

Persons who compiled this report may have an interest in securities commented on.

Trading surged on Trinidad Stock Exchange

Trading surged on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded jumping 1,940 percent, with the value up 255 percent more than on Thursday, resulting in activities in just 16 securities compared to 21 on Thursday, with prices of five stocks rising, three declining and eight remaining unchanged.
A total of 1,134,926 shares were exchanged for $7,308,478, up from a mere 55,627 units at $2,061,311 on Thursday. An average of 70,933 units traded at $456,780 compared to 2,649 shares at $98,158 on Thursday, with trading month to date averaging 44,123 shares at $477,495 versus 42,703 units at $478,592 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index lost 1.08 points to end at 1,358.91, the All T&T Index fell 1.69 points to 2,021.50 and the Cross-Listed Index dipped 0.06 points to settle at 90.98.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $25 after trading 7,850 shares, Ansa McAl shed 25 cents in closing at $56.50 in switching ownership of 500 units, Clico Investment Fund ended at $31.90 after exchanging 6,509 stock units. First Citizens Group ended at $50 trading 2,900 stocks, FirstCaribbean International Bank remained at $5.08, with 1,930 shares crossing the market, Guardian Holdings climbed 25 cents in closing at $25.75 as investors exchanged 1,012 stocks. JMMB Group slipped 1 cent to close at $2.30 with 62,976 units crossing the exchange, Massy Holdings dipped 14 cents after ending at $4.65 and closed with 971,595 stock units changing hands, National Enterprises popped 2 cents to end at $3.35 while exchanging 24,076 stocks. Prestige Holdings remained at $6.40 with 15,825 shares crossing the market, Republic Financial Holdings ended at $140.50 after trading 8,529 units, Scotiabank advanced 27 cents to end at $78.67 with a transfer of 81 stock units. Trinidad & Tobago NGL rallied 11 cents in closing at $22.10 with investors transferring 29,581 shares, Trinidad Cement remained at $3.55 in an exchange of 1,000 units, Unilever Caribbean increased 15 cents to $13.15 in trading 500 stock units and West Indian Tobacco ended at $22.90 in exchanging 62 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on Trinidad and Tobago Exchange

Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded, declining 89 percent and the value 78 percent lower than in Wednesday’s activity, resulting in an exchange of 21 securities compared to 22 on Wednesday, with prices of eight stocks rising, four declining and nine remaining unchanged.
A total of 55,627 shares were exchanged for $2,061,311 versus 513,673 units at $9,545,912 on Wednesday.
An average of 2,649 units were traded at $98,158 compared to 23,349 shares at $433,905 on Wednesday, with trading month to date averaging 42,703 units at $478,592 versus 45,696 units at $507,023 previously. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index rallied 1.99 points to end at 1,359.99, the All T&T Index advanced 3.46 points to 2,023.19 and the Cross-Listed Index popped 0.06 points to close at 91.04.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $45.65 in trading 50 shares, Angostura Holdings ended at $25 after concluding trading of 40 stocks, Ansa McAl popped 25 cents in ending at $56.75, with  2,843 stock units crossing the market. Calypso Macro Investment Fund remained at $22, with 12 units clearing the market, Clico Investment Fund rose $1.80 in closing at $31.90 in an exchange of 12,331 shares, First Citizens Group slipped 1 cent in closing at $50 in switching ownership of 180 stocks. FirstCaribbean International Bank ended at $5.08 with a transfer of 875 units, Guardian Holdings shed 50 cents to $25.50 after 20,978 stock units changed hands, JMMB Group gained 1 cent to end at $2.31 with an exchange of 2,140 shares. L.J. Williams B share ended at $2.20 while exchanging 745 units, Massy Holdings advanced 11 cents to $4.79 after a transfer of 992 stock units, National Enterprises increased 3 cents in closing at $3.33 after swapping 5,000 stocks. National Flour Mills rallied 18 cents to end at $1.58 after trading five stock units, One Caribbean Media remained at $3.99 after an exchange of 100 stocks, Point Lisas rose 2 cents to $3.11 with investors transferring four units. Prestige Holdings ended at $6.40 after 156 shares crossed the exchange, Republic Financial Holdings gained 50 cents to close at $140.50, with 6,324 stocks crossing the market, Trinidad & Tobago NGL dipped 1 cent in ending at $21.99 after trading 200 units. Trinidad Cement remained at $3.55 as investors exchanged 281 stock units, Unilever Caribbean fell 15 cents to $13 with 321 shares changing hands and West Indian Tobacco remained at $22.90 in exchanging 2,050 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Declining stocks pressure Trinidad market

Declining stocks dominated market activity on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 22 securities compared to 16 on Tuesday, with prices of only three rising, while 10 fell and nine remained unchanged as 56 percent more shares were traded than on Tuesday, with the value jumping 136 percent higher, with an exchange of 513,673 shares for $9,545,912 versus 328,773 units at $4,051,342 on Tuesday. 
An average of 23,349 units were traded at $433,905 compared to 20,548 shares at $253,209 on Tuesday, with trading month to date averaging 45,696 units at $507,023 down from 47,594 units at $513,271 on the previous day. The average trade for August was 40,829 units at $378,385.
The Composite Index shed 2.96 points to end at 1,358.00, the All T&T Index fell 5.49 points to 2,019.73 and the Cross-Listed Index dipped 0.03 points to close at 90.98.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Ansa McAl shed 50 cents to close at $56.50 in switching ownership of 710 shares, Ansa Merchant Bank remained at $42.15 after trading 6,003 units, Calypso Macro Investment Fund popped $1.50 to $22 in an exchange of 1,434 stocks. CinemaOne dipped 82 cents in closing at $5.98, with 150 stock units crossing the market, Clico Investment Fund gained 60 cents to end at $30.10 with an exchange of 6,282 shares, First Citizens Group lost 49 cents to close at $50.01 with 57 stocks switching owners. FirstCaribbean International Bank ended at $5.08 with the swapping of 175 stock units, GraceKennedy ended at $5.30, with 100,220 units changing hands, Guardian Holdings advanced 50 cents to $26 with investors transferring 22 shares. JMMB Group dipped 3 cents to $2.30 after 205,804 units crossed the exchange, L.J. Williams B share remained at $2.20 with 20 stocks clearing the market, Massy Holdings declined 11 cents to $4.68 as investors exchanged 74,788 stock units. National Enterprises fell 5 cents to end at $3.30 in trading 3,000 stock units, National Flour Mills ended at $1.40 and closed with 4,000 units changing hands, One Caribbean Media remained at $3.99 with a transfer of 30 shares. Point Lisas lost 2 cents in closing at $3.09 after a transfer of 575 stocks, Prestige Holdings ended at $3.09 after exchanging 3,707 units, Republic Financial Holdings dipped 50 cents to $140 after exchanging 35,760 shares. Scotiabank declined 60 cents to $78.40 in an exchange of 19,581 stocks, Trinidad & Tobago NGL remained at $22 trading 39,507 stock units, Unilever Caribbean fell 20 cents to end at $13.15 while exchanging 210 shares and West Indian Tobacco remained at $22.90 after a transfer of 11,638 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid gains for TTSE

Market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded diving 88 percent with the value 80 percent lower than on Monday, resulting in an exchange of 16 securities compared to 20 on Monday, with the prices of nine rising, four declining and three remaining unchanged.
A total of 328,773 shares were exchanged for $4,051,342 versus 2,857,109 units at $19,829,091 on Monday.
An average of 20,548 units were traded at $253,209 compared to 142,855 shares at $991,455 on Monday, and month to date an average of 47,594 units at $513,234 versus 49,375 units at $530,355 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index popped 8.18 points to 1,360.96, the All T&T Index increased 14.63 points to 2,025.22 and the Cross-Listed Index climbed 0.18 points to 91.01.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s increased $1.65 in closing at $45.65 after trading 1,854 shares, Angostura Holdings rallied 50 cents to $25 with investors transferring 9,584 stocks, Ansa McAl ended at $57 while exchanging 10 stock units. Calypso Macro Investment Fund popped $1.24 to $20.50 with a transfer of 120 units, Clico Investment Fund lost 40 cents to end at $29.50 after exchanging 14,289 shares, First Citizens Group dropped 11 cents in closing at $50.50 in trading 23,056 stocks. FirstCaribbean International Bank advanced 3 cents to end at $5.08 as investors exchanged 2,420 units, GraceKennedy remained at $5.30, with 300 stock units changing hands, Guardian Holdings dipped 1 cent in ending at $25.50 switching ownership of 7,693 shares. JMMB Group rose 3 cents to $2.33 after 10 units crossed the market, Massy Holdings ended at $4.79 after an exchange of 253,632 stocks, National Enterprises popped 9 cents to $3.35 in an exchange of 489 stock units. One Caribbean Media gained 9 cents to close at $3.99, with 7 units crossing the exchange, Republic Financial Holdings increased 49 cents to end at $140.50 after 2,669 stocks changed hands, Scotiabank gained 60 cents in ending at $79after trading 1,390 shares and Trinidad & Tobago NGL dipped 10 cents to $22 after a transfer of 11,250 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.