Big jump in money chased Trinidad stocks

Investors pumped three times the amount of money into the Trinidad and Tobago Stock Exchange to start off trading in June compared to the last day of May and resulting in 202 percent more funds passing through the market on Thursday, with 33 percent fewer stocks traded compared with Wednesday and resulting with trading in 18 securities compared with 19 on Wednesday, with prices of four stocks rising, six declining and eight remaining unchanged.
Investors exchanged 268,376 shares for $6,907,243 compared to 401,593 stocks at $2,290,438 on Wednesday.
An average of 14,910 shares were traded at $383,736 compared with 21,136 units at $120,549 previously, with trading month to date averaging 14,910 shares at $383,744 versus 22,730 units at $209,384 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index fell 3.72 points to close at 1,255.10, the All T&T Index declined 6.87 points to 1,911.23, the SME Index remained at 69.27 and the Cross-Listed Index slipped 0.05 points to close at 77.38.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa McAl ended at $51, with 100,010 shares changing hands, Calypso Macro Investment Fund closed at $21.99 as 21 units were traded, First Citizens Group ended at $49 after an exchange of 2,721 stocks. FirstCaribbean International Bank dipped 1 cent in closing at $7 as investors exchanged 50,420 stock units, Guardian Holdings declined 55 cents to end at $20 with 8,746 stocks clearing the market, JMMB Group popped 1 cent in ending at $1.38 with investors transferring 1,282 shares. Massy Holdings ended at $4.99 in an exchange of 26,845 stock units, National Enterprises remained at $3.55 after 16,618 units were traded, National Flour Mills ended at $1.50, with 875 stock units crossing the exchange. One Caribbean Media lost 1 cent to close at $3.81 while investors exchanged 2 units, Point Lisas shed 49 cents and ended at $3.01 as shareholders traded 7,000 stocks, Prestige Holdings ended at $8 after a transfer of 115 shares. Republic Financial fell 51 cents to end at $128.99, with 312 shares passing through the market, Scotiabank rallied 43 cents to close at $77 after an exchange of 1,675 stocks, Trinidad & Tobago NGL dipped 25 cents to $18.25 with shareholders swapping 518 units. Trinidad Cement rose 8 cents to $2.78 and closed, with 2,400 stock units changing hands, Unilever Caribbean climbed 2 cents in closing at $15.44 with an exchange of 44,953 stocks and West Indian Tobacco remained at $13 with 3,863 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.