Big trading drop on Trinidad Stock Exchange


Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with a 46 percent drop in the volume of stocks traded, accompanied by a 88 percent dive in value from Wednesday, following trading in only 15 securities down from 20 on Wednesday and ending with prices of four stocks rising, four declining and seven ending firm.

The market closed with trading in 170,647 shares valued at $1,302,338 down from 318,786 stock units at $11,193,162 on Wednesday.
An average of 11,376 shares were traded at $86,823, well below the 15,939 stock units at $559,658 on Wednesday. Trading for the month to date ends with an average of 17,895 shares at $154,151, compared with 18,556 units at $160,979 on the previous day and compares well with an average of 17,669 shares for $153,409 in January.
The Composite Index increased 1.28 points to end at 1,069.54, the All T&T Index rallied 2.08 points to close trading at 1,576.95, the SME Index remained unchanged at 96.65 and the Cross-Listed Index gained 0.06 points to conclude trading at 73.70.
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 market close on Thursday, CIBC Caribbean Bank ended at $8 with 163 stocks passing through the market, First Citizens Group fell 14 cents in closing at $42.01 with investors dealing in 2,473 stocks, GraceKennedy increased 3 cents to $3.73 with 1,000 shares clearing the market. Guardian Holdings remained at $14.97 with investors swapping 100 stock units, JMMB Group ended at $1.04 after an exchange of just one share, Massy Holdings remained at $3.90 in trading 139,397 units. National Flour Mills sank 3 cents to $1.67 after an exchange of 1,009 stocks, NCB Financial popped 3 cents to end at $2.39 with 872 stock units changing hands, One Caribbean Media skidded 9 cents in closing at $2.71 as investors exchanged 4,893 shares. Republic Financial gained 54 cents and ended at $113.85 with 4,391 stocks switching owners, Scotiabank ended at $56 after a transfer of 1,000 units, Trinidad & Tobago NGL slipped 1 cent to finish at a 52 weeks’ low of $4.68 with 9,475 stocks passing through the market. Trinidad Cement remained at $2.30 in an exchange of 1,148 shares, Unilever Caribbean ended at $11.19 with 45 stocks crossing the market and West Indian Tobacco rose 12 cents and ended at $5.52 in an exchange of 4,680 units.

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

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