An avalanche of falling stocks in Trinidad

Market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 33 percent, with the value down sharply by 81 percent compared to Monday.
As the case on Monday, 22 securities traded on Tuesday, with six rising, 12 declining and four remaining unchanged as two stocks traded at 52 weeks’ lows. The Composite Index fell 7.46 points to 1,419.74, the All T&T Index dipped 10.03 points to 2,050.76 and the Cross-Listed Index lost 0.66 points to settle at 104.24.
A total of 421,104 shares traded for $5,235,115 compared to 623,867 units at $28,183,997 on Monday.
An average of 19,141 units traded at $238,869, down from 28,358 shares at $1,281,091 on Monday, with trading month to date averaging 40,316 units at $471,712 versus 51,687 units at $378,356 on the previous trading day. Trading in April averaged 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings rallied 88 cents to end at $22.89 in trading 358 shares, Ansa McAl declined $1.45 to close at $55.55 after exchanging 500 units, Ansa Merchant Bank ended at $45, with 21 stock units crossing the market. Calypso Macro Investment Fund advanced 2 cents in closing at $18.52 while exchanging ten stocks, Clico Investment Fund dropped 28 cents to $30.48, with an exchange of 3,784 stocks, Endeavour Holdings shed 49 cents to end at a 52 weeks’ low of $7.01 trading 800 stock units. First Citizens Group climbed 6 cents to close at $52.06 after 2,210 shares changed hands, FirstCaribbean International Bank fell 5 cents to $5.40, with 642 units crossing the exchange, GraceKennedy lost 1 cent in closing at $5.98 after trading 284 units. Guardian Holdings declined 50 cents to $27.50 and ended with 210 stock units trading, JMMB Group lost 7 cents to $2.53, with 16,221 stocks clearing the market, Massy Holdings rose 3 cents to $5.19 after 36,344 shares crossed the market. National Enterprises popped 5 cents to close at $3 in an exchange of 195,680 stock units, National Flour Mills fell 20 cents in closing at $1.60 with the swapping of 28,834 units, and NCB Financial Group shed 4 cents to end at a 52 weeks’ low of $6 in exchanging 65,038 shares. Point Lisas dropped 10 cents to $3.05, with 1,984 stocks changing hands, Republic Financial Holdings dipped 1 cent to $140 in switching ownership of 10,277 units, Scotiabank remained at $78 in exchanging 20,761 shares. Trinidad & Tobago NGL gained 54 cents to end at $20.74 with the swapping of 13,400 stocks, Trinidad Cement finished at $3.60, after 3,000 stock units changed hands, Unilever Caribbean shed 5 cents in closing at $16.50, with 15,733 stocks clearing the market and West Indian Tobacco remained at $23.50 after exchanging 5,013 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Prices mostly fall on TTSE on Monday

Stocks mostly tumbled on Monday on the Trinidad and Tobago Stock Exchange as investors pumped 344 percent more funds into the market than on Friday, leading to an 18 percent decline in the volume of stocks >trading and a drop in the majority of stocks prices, with a mere hand full rising.
At the close, 22 securities traded, similar to trading on Friday, with five stocks rising, 13 declining and four remaining unchanged. The Composite Index dropped 4.49 points to 1,427.20, the All T&T Index fell 7.17 points to 2,060.79 and the Cross-Listed Index lost 0.23 points to settle at 104.90.
A total of 623,867 shares traded for $28,183,997 versus 759,312 units at $6,354,523 on Friday. An average of 28,358 units traded at $1,281,091 compared to 34,514 shares at $288,842 on the prior trading day. Trading month to date averages 51,687 units at $378,356 versus 44,350 units at $398,396. The average trade for April amounts to 43,127 units at $458,871.
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 rallied 75 cents to $48 after trading 8,980 shares, Angostura Holdings lost 89 cents in ending at $22.01, with 769 units crossing the market, Ansa McAl fell 60 cents to $57 in an exchange of 391,564 stock units. Calypso Macro Investment Fund shed $1.10 in closing at $18.50, trading 40 stocks, CinemaOne rose 21 cents to close at $2 with 101 units changing hands, Clico Investment Fund advanced 26 cents to end at $30.76 with the swapping of 95,853 stock units. First Citizens Group finished at $52, with 2,251 stocks clearing the market, GraceKennedy slipped 1 cent in closing at $5.99 after exchanging 775 shares, Guardian Holdings climbed $1 to close at $28 in exchanging 125 stock units. Guardian Media declined 5 cents to $3.10 after 3,886 stocks crossed the exchange, Massy Holdings fell 2 cents to $5.16 in an exchange of 16,426 units, National Enterprises dipped 5 cents in ending at $2.95 with an exchange of 50,520 shares. National Flour Mills remained at $1.80, with 46 stock units changing hands,  NCB Financial Group dipped 1 cent in closing at $6.04 while exchanging 200 stocks and One Caribbean Media declined 18 cents to end at $4 after 832 units crossed the market. Point Lisas ended unchanged at $3.15 in switching ownership of 50 shares, Republic Financial Holdings popped 1 cent to close at $140.01 after exchanging 8,498 shares, Scotiabank lost $3 in ending at $78 after exchanging 4,289 stock units. Trinidad & Tobago NGL shed 80 cents in closing at $20.20, with 13,487 units changing hands, Trinidad Cement finished at $3.60, with 8,477 stocks crossing the market, Unilever Caribbean lost $1.84 in closing at $16.55 after exchanging 16,672 stocks and West Indian Tobacco declined 50 cents to end at $23.50, with 26 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

72% gains for ICTOP10 winner

Stationery and Office Supplies (SOS) is up 72 percent in 2022 and is heading to more than $20 with projected earnings of $1.25 for the year. SOS made the ICTOP15 list in January at 12 spot to produce a 200 percent gain for the year. It came into TOP10 in the week ending January 21, in the 6th spot and exited the TOP10 on the week ending April 22.

Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Over the past two weeks, company results have been coming out fast and furious, with many posting solid increased profits over the first quarter of 2021, as the economy continues to recover and cost savings also takes hold to help lift profits to record levels in many cases.
One company to benefit from improved results for the first quarter results to March is SOS, with revenues rising 37 percent to $427 million and profits surging 344 percent to $81 million before gains from the sale of a property, investors belated warmed to the stock pushing it to a 52 week’s high of $11.02 and out of ICTOP10. Based on the results, ICInsider.com upgraded earnings from $1.10 to $1.25. Investors in the stock can look for a possible stock split this year if the price rises.
It is well worth noting that the Junior Market peaked at 4,669.78 points at the market opening on May 10 and pulled back to 4,444.25 on Friday as new quarterly results tempered investors in some overvalued stocks that have started to adjust downwards as reality sets in. Among them is Fesco, which was selling at a PE of 50 times the current year’s earnings. There seem to be more painful adjustments to come for investors in this stock. MailPac also suffered a reversal in price after the first quarter results disappointed investors, with lower revenues and earnings.
It is not unusual for investors to take a break after mid-May each year, with most results released and return in late June or early July just ahead of the new earnings season for the half year. Against this background, trading could move sideways for a month or two, but the Lasco companies, Access and Medical Disposables could light up the market when they release results in a few weeks.

Berger Paints annual report had good news for investors to digest.

In the Main Market, Jamaica Stock Exchange was added to the ICTOP10 recently but slipped out last week and reported solid results for the March quarter, with profit jumping 84 percent after revenues rose 37 percent. The projected earnings were downgraded to $1.30 from $3, leaving the stock just about appropriately valued. Berger Paints came out with solid earnings, resulting in our projection being upgraded from $1.70 to $2.35, helped by a sharp cut in other operating expenses from $160 million in 2021 to $117 million and now heads the Main Market TOP10 list.
Elite Diagnostic gained 3 percent for the week at $4, but the promise that the company showed when it was listed has started to show again, with revenues in the third quarter rising 24 percent to $161 million and profit surging to $28 million from $4.4 million in 2021. Based on the results, earnings for the current year ending in June are projected at 24 cents and 55 cents for the 2022/23 fiscal year.
Former ICTOP10 listing, Tropical Battery earnings were downgraded to 18 cents per share for this year, following the release of March half year results.
Access Financial jumped 22 percent last week, and is down 16 percent this past week at $21.50, and attracted more buying interest as the release of year results approaches. tTech tumbled 8 percent during the week and AMG Packaging 7 percent. Caribbean Assurance Brokers was the only stock with any meaningful gain, with a rise of 6 percent.
This week, there was no change to ICInsider.com TOP10 Main Market listings, but the Junior Market has two, with Lasco Distributors just slipping out. Jetcon Corporation suffered a big price decline during the week to close at $1.35 to reenter the list. tTech earnings were revised down to 25 cents after the company posted flat sales in the first quarter and a small loss and fell out of the top listing to be replaced by Dolphin Cove is poised to grow much more this year as improving tourism traffic that April numbers show is virtually back to normal provide a big boost to future earnings.
Investors should be on the lookout for companies with March year end that have not yet reported earnings. Amongst the grouping are the three Lasco companies that could get price moving punch from the results. Watch also Access and Medical Disposables sitting on the TOP of the list, with the company said to be generating profit from the acquisition of Cornwall Enterprises, well ahead of the two year target. ICInsider.com earnings projections of 70 cents per share for the 2022 fiscal year assume that earnings would include profit from the subsidiary and should result in a big jump in the stock toward $14.
The primary mover in the main market was Caribbean Cement that fell 12 percent to $61 as buying interest in the stock remains low, even as the first quarter results suggest the stock is highly undervalued, no other stock had any serious change.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15.3, while the Junior Market PE for the Top 10 sits at 6.3 versus the market at 13.9. The Junior Market TOP10 is projected to gain an average of 226 percent by May 2023 and the Main Market 215 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks 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, based on the possible increase for each company, considering the earnings and PE ratios 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.

Mixed trading results for TTSE

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Market activity ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 80 percent and the value slipping 23 percent lower than on Thursday.
Twenty two securities were traded against 23 on Thursday, with stocks rising and declining, equally matched with six each and ten closed unchanged. The Composite Index fell 4.63 points to 1,431.69, the All T&T Index rallied 2.26 points to close at 2,067.96 and the Cross-Listed Index shed 1.68 points to end at 105.13.
A total of 759,312 shares traded for $6,354,525 versus 422,610 units at $8,223,639 on Thursday. An average of 34,514 units traded at $288,842 compared to 18,374 shares at $360,159 on the prior day, with trading month to date averaging 44,530 units at $398,396 versus 45,989 units at $414,357. The average trade for April amounts to 43,127 units at $458,871.
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, Angostura Holdings finished at $22.90 with an exchange of 128 shares, Ansa McAl remained at $57.60 after trading 2,781 stock units, Ansa Merchant Bank rallied $2.95 to close at $45 in an exchange of one unit. Calypso Macro Investment Fund rose $1.58 to $19.60, trading 1,800 units, CinemaOne shed 31 cents in closing at a 52 weeks’ low of $1.79 with the swapping of one stock unit, Clico Investment Fund ended unchanged at $30.50 while exchanging 4,247 stock units. First Citizens Group fell 20 cents to $52, after trading 8,209 shares, FirstCaribbean International Bank ended at $5.45, with 10,949 stocks changing hands, GraceKennedy popped 1 cent to close at $6 after exchanging 1,156 shares. Guardian Holdings declined $1 to $27 after 51 stock units crossed the market, Guardian Media dropped 5 cents in closing at $3.15, with five stocks changing hands, JMMB Group popped 5 cents to $2.60 in switching ownership of 120,950 units. Massy Holdings lost 3 cents to close at $5.18, with 34,731 shares crossing the exchange, National Enterprises remained at $3 trading 369,845 units, National Flour Mills finished at $1.80 in exchanging 27,800 stock units. NCB Financial Group lost 28 cents in closing at $6.05 after trading 25,384 stocks, Point Lisas ended at $3.15 in trading one share, Republic Financial Holdings remained at $140 with the swapping of 5,082 units. Scotiabank finished at $81, with 45 stocks crossing the market, Trinidad & Tobago NGL finished at $21 after exchanging 34,847 stock units, Unilever Caribbean jumped $2.19 to close at $18.39, with 48,605 shares changing hands and West Indian Tobacco advanced 5 cents to $24 while exchanging 62,694 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

TTSE ekes out meagre gains

Market activity ended on Thursday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining by 77 percent with a 44 percent lower value than on Wednesday, after 23 securities were exchanged, up from 19 on Wednesday, with seven rising, four declining and 12 unchanged. 
The Composite Index slipped 0.11 points to 1,436.32, the All T&T Index shed 1.21 points to end at 2,065.70 and the Cross-Listed Index popped 0.15 points to 106.81.
A total of 422,610 shares traded for $8,283,659, down from 1,828,172 units at $14,783,127 on Wednesday. An average of 18,374 units traded at $360,159 versus 96,220 shares at $778,107 on Wednesday, with trading month to date averaging 45,989 units at $414,357 versus 53,192 units at $460,151. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s ended unchanged at $47.25 after trading 11,163 shares, Angostura Holdings remained at $22.90 with one share crossing the market, Ansa McAl finished at $57.60, with 57 stock units changing hands. Ansa Merchant Bank fell $2.95 in closing at $42.05 with the swapping of 2,528 units, Clico Investment Fund climbed 50 cents to close at $30.50 after clearing the market with 97,891 stock units, Endeavour Holdings rose 50 cents to $7.50 after an exchange of 8,100 units. First Citizens Group advanced 20 cents to end at $52.20 in trading 638 stocks, FirstCaribbean International Bank remained at $5.45 after exchanging 40,261 shares, GraceKennedy finished at $5.99 in exchanging 5,000 stocks. JMMB Group popped 5 cents in closing at $2.55 in an exchange of 23,170 stock units, L.J. Williams B share ended unchanged at $1.70 while exchanging 4,046 units, Massy Holdings climbed 21 cents to $5.21 in switching ownership of 16,962 shares. National Enterprises ended at $3 with an exchange of 12,200 units, National Flour Mills ended unchanged at $1.80 in trading 10 stocks, One Caribbean Media finished at $4.18 after 1,000 stock units crossed the market. Point Lisas dropped 33 cents to end at $3.15 in trading 49 shares, Prestige Holdings declined 30 cents in closing at $6.70 after exchanging 365 units, Republic Financial Holdings shed 1 cent to close at $140, with 955 shares crossing the market. Scotiabank ended unchanged at $81 in switching ownership of 2,926 stocks, Trinidad & Tobago NGL rallied 35 cents to $21 with the swapping of 92,954 stock units, Trinidad Cement gained 10 cents to end at $3.60, with 1,902 stocks changing hands. Unilever Caribbean remained at $16.20 after an exchange of 72,555 units and West Indian Tobacco finished at $23.95 after trading 27,877 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Bounce for Trinidad stocks

Market activity ended on Tuesday, with the volume of stocks traded rising by 168 percent while the value was 137 percent more than Monday’s, at the close of the Trinidad and Tobago Stock Exchange and ended with rising stocks outnumbering those declining.

Trinidad & Tobago Stock Exchange Head Quarters

A total of 19 securities traded up from 13 on Monday, with nine rising, four declining and six remaining unchanged. The Composite Index climbed 5.62 points to 1,427.44, the All T&T Index advanced 7.93 points to end at 2,062.55 and the Cross-Listed Index increased 0.44 points to 104.71.
A total of 1,897,307 shares traded for $12,592,066 compared to 706,824 units at $5,302,591 on Monday. An average of 99,858 units traded at $662,740 versus 54,371 shares at $407,929 on Monday, with trading month to date averaging 43,060 units at $362,388 versus 31,069 units at $298,980. The average trade for April amounts to 43,127 units at $458,871.
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, Agostini’s fell 26 cents to close at $47.25 with the swapping of 1,125 shares, Angostura Holdings finished at $22.90, trading 2,056 units, Ansa McAl remained at $57.60 after exchanging 20 stock units. Ansa Merchant Bank ended at $45 in trading 526 stocks, Clico Investment Fund traded 101,612 stock units at $29.75, First Citizens Group rallied 20 cents in closing at $52.20, with 21 shares clearing the market. FirstCaribbean International Bank lost 5 cents in ending at a 52 weeks’ low of $5.45 after 2,576 stocks crossed the exchange, GraceKennedy shed 12 cents to $6 in trading 149,500 units, Guardian Holdings remained at $28 after exchanging 70 units. JMMB Group gained 15 cents to close at $2.50 in an exchange of 1,227,985 stock units, Massy Holdings rose 15 cents to close at $5 after 215,572 shares crossed the market, National Flour Mills finished at $1.80 in trading 2,100 stocks. NCB Financial Group advanced 1 cent to $6.06 while exchanging 21,778 stocks, Prestige Holdings dropped 5 cents after ending at $7, with 3,635 units changing hands, Republic Financial Holdings increased 1 cent to end at $140.01, trading 798 shares. Scotiabank popped $3.80 to end at $81, with 14,987 stock units crossing the market, Trinidad & Tobago NGL climbed 14 cents in closing at $20.65 in switching ownership of 106,438 stock units, Unilever Caribbean popped 5 cents to $16.20 after trading 46,158 stocks and West Indian Tobacco rallied 45 cents to $23.95 after 350 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trinidad stocks slip with one winner

On Monday, market activity ended on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded rising 139 percent more than on Friday after the value surged 88 percent and landed with prices mostly falling than rising, leading to a faltering market at the close.  
A total of 13 securities traded down from 17 on Friday, with one stock rising, five declining and seven remaining unchanged and resulted in the Composite Index slipping 2.93 points to 1,421.82. The All T&T Index fell 5.67 points to 2,054.62 and the Cross-Listed Index remained unchanged at 104.27.
A total of 706,824 shares traded for $5,303,083 compared to 295,784 units at $2,828,989 on Friday.
An average of 54,371 units traded at $407,929, up from 17,399 shares at $166,411 on Friday, with trading month to date averaging 31,069 units at $298,980 versus 27,135 units at $280,586. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings popped 90 cents to end at $22.90 after trading 7,310 shares, Ansa McAl remained at $57.60 with an exchange of 52 stock units, CinemaOne fell 43 cents to a 52 weeks’ low of $2.46, with 200 units crossing the exchange. First Citizens Group dropped $2.50 in closing at $52 with 2,200 stocks changing hands, GraceKennedy ended at $6.12 in switching ownership of 100 shares, JMMB Group finished at $2.35 in exchanging 10,000 stocks. Massy Holdings lost 14 cents ending at $5 with the swapping of 559,691 units, NCB Financial Group remained at $6.05 in trading 2,000 stock units, Republic Financial Holdings closed at $140 after trading 419 stock units. Scotiabank shed 30 cents to close at $77.20, as 1,351 stocks changed hands, Trinidad & Tobago NGL declined 14 cents in closing at $20.51 after exchanging 1,278 units, Unilever Caribbean finished at $16.15, trading 120,991 shares and West Indian Tobacco ended with an exchange of 1,232 stocks at $23.50.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

RJR back in 3rd spot as Access jumps 22%

There is only one change to ICInsider.com TOP10 listings this week, with Radio Jamaica coming back in the Main Market list at position 3. Following an earnings upgrade for the 2023 fiscal year, it replaces Jamaica Stock Exchange that ICInsider.com projects to have explosive results for the first quarter.

Radio Jamaica

In the wider market, Junior Market stocks keep on piling the pressure on the main market with the former closing the week at a record high, with year to date gains of 32.8 percent and is well on the way to ICInsider.com forecast of 60 percent for the year.
Thanks to a takeover announcement of AS Bryden, a Trinidad based company by Seprod, the Main Market moved higher for the week, with the All Jamaica Index just under 460,000 points, still well below 2020 high.
TOP10, Access Financial shares moved higher this past week as selling seems to have dried up and led the stock to a 22 percent rise during the week, to be the best performing stock in the TOP10. Access Financial has been beaten up for more than two years but is now worth watching. On Friday, well ahead of the close of the market, a buy order for 100,000 Access Financial shares was placed at $25.60, but only18,000 units were filled up to the close. There were no stocks on offer with any sizable quantity close to the bid price just before close, indicating that the price is heading higher.
Elite Diagnostic gained 8 percent to close the week at $3.90, but Caribbean Assurance Brokers that reported a profit for the first quarter versus a loss in 2021, fell by 6 percent and so did General Accident that is said to be having a good 2022, with Trinidad and Barbados expected to deliver positive results versus a loss of around $200 million in 2021. Movement of main market stocks was more subdued than their junior counterpart, with the Jamaica Stock Exchange rising a mere 4 percent and selling at 8 times this year’s earnings, with a blowout first quarter results due shortly. Caribbean Cement, surprisingly, fell 8 percent as buying interest in the stock is low, even as the first quarter results suggest the stock is highly undervalued.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15.5, while the Junior Market PE for the TOP10, sits at 6.2 versus the market at 13.8. The Junior Market TOP10 is projected to gain an average of 230 percent to May 2023 and the Main Market 201 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks 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, based on the possible increase for each company, considering the earnings and PE ratios 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.

Drop no gains on Trinidad Stock Exchange

Stocks lost ground in trading on Friday after no stocks gained at the close of Trinidad and Tobago Stock Exchange, as 17 securities changed hands down from 20 on Thursday, ending with seven declining and 10 unchanged. The volume of stocks traded declined 50 percent, with a 41 percent lower value than Thursday.
The Composite Index fell 16.92 points to 1,424.75, the All T&T Index lost 11.33 points to end at 2,060.29 and the Cross-Listed Index shed 3.21 points to settle at 104.27.
Overall, 295,784 shares traded for $2,828,989 compared to 590,683 units at $4,768,005 on Thursday. An average of 17,399 units traded at $166,411 versus 29,534 shares at $238,400 on Thursday, with trading month to date averaging 27,135 units at $280,586 versus 29,894 units at $312,936. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s finished at $47.51 after trading 80 shares, Ansa Merchant Bank remained at $45 while exchanging 250 stock units, CinemaOne ended unchanged at $2.89 in switching ownership of 399 stocks. Clico Investment Fund finished at $29.75 in an exchange of 9,475 units, Eppley Caribbean Property Fund increased 68 cents in closing at 68 cents in trading one unit, Eppley Caribbean Property Fund closed at $1.70, with one share clearing the market. FirstCaribbean International Bank dropped 12 cents to close at $5.50 with an exchange of 4,930 stock units, Guardian Holdings lost 3 cents in closing at $28, with 104 stocks crossing the market, JMMB Group fell 20 cents to end at $2.35, after 40,425 stock units changed hands. Massy Holdings shed 1 cent to $5.14 in exchanging 66,883 stocks, National Enterprises ended unchanged at $3 after trading 300 units, National Flour Mills remained at $1.80 with the swapping of 3,000 shares. NCB Financial Group declined 20 cents after ending at $6.05, with 83,004 stocks changing hands, Scotiabank declined $3.50 to close at $77.50, with 325 units crossing the exchange, Trinidad & Tobago NGL finished at $20.65 in exchanging 24,498 stock units. Unilever Caribbean ended at $16.15, trading 59,409 shares and West Indian Tobacco dropped 50 cents to end at $23.50 after trading 2,700 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Decline in Trinidad market

Market activity ended on Thursday, with the volume of stocks traded rising 40 percent with 13 percent lower value than on Wednesday on the Trinidad and Tobago Stock Exchange, with declining stocks edging out those that gained.
A total of 20 securities traded compared to 22 on Wednesday, with five stocks rising, six declining and nine remained unchanged. The Composite Index fell 9.64 points to 1,441.67, the All T&T Index lost 6.93 points to end at 2,071.62 and the Cross-Listed Index shed 1.76 points to settle at 107.48.
Overall, 590,683 shares traded for $4,768,005 compared to 421,219 units at $5,465,108 on Wednesday. An average of 29,534 units traded at $238,400 compared to 19,146 shares at $248,414 on Wednesday, with trading month to date averaging 29,894 units at $312,936 versus 30,074 units at $350,203. The average trade for April amounts to 43,127 units at $458,871.
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, Agostini’s shed 99 cents in closing at $47.51 after exchanging 310 shares, Angostura Holdings dropped 90 cents in ending at $22, trading 1,500 stock units, Ansa McAl finished at $57.60, with 217 stocks crossing the exchange. Clico Investment Fund ended unchanged at $29.75 with an exchange of 27,123 units, First Citizens Group rallied $2.30 to close at $54.50 after 3,594 units changed hands, FirstCaribbean International Bank remained at $5.62, with 200 stock units clearing the market. Guardian Holdings ended unchanged at $28.03 in trading 2,392 shares, JMMB Group climbed 3 cents in closing at $2.55 after exchanging 228,737 stocks, L.J. Williams B share finished at $1.70 in an exchange of 6,800 stock units. Massy Holdings rallied 3 cents to $5.15 in switching ownership of 94,271 units, National Enterprises remained at $3, with 105,625 shares changing hands, National Flour Mills popped 2 cents to $1.80 in exchanging 1,552 stocks NCB Financial Group fell 25 cents in closing at $6.25 while trading 75 shares, Point Lisas rose 3 cents to close at $3.48 after 2,500 units crossed the market, Prestige Holdings declined 5 cents to $7.05 in trading 267 stocks. Republic Financial Holdings lost $1 to close at $140 after 445 stock units crossed the market, Trinidad & Tobago NGL finished at $20.65 with the swapping of 62,521 stocks, Trinidad Cement fell 38 cents to $3.50 with an exchange of 248 shares. Unilever Caribbean remained at $16.15 in an exchange of 45,965 units and West Indian Tobacco ended unchanged at $24, with 6,341 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.