Demand for stocks plunged on T&T exchange


Investors’ demand plunged on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 98 percent, with 95 percent lower value than on Tuesday, resulting from trading in 21 securities compared to 20 on Tuesday and ending with prices of five stocks rising, seven declining and nine ending firm, with the market indices ending mostly lower.

The market closed with trading of 181,985 shares worth $2,539,597 after sinking from 11,884,684 stock units at $46,210,950 on Tuesday.
An average of 8,666 shares were traded at $120,933, after plunging from 594,234 units at $2,310,548 on Tuesday. Trading for the month to date averages 90,044 shares at $469,834, down from 94,913 units at $490,708 on the previous day and an average of 16,054 shares at $137,863 for August.
The Composite Index lost 7.37 points to end trading at 1,015.01, the All T&T Index climbed 3.71 points to 1,435.23, the SME Index remained at 74.67 and the Cross-Listed Index skidded 2.75 points to settle at 79.24.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini climbed $2 to $47 in an exchange of 1,775 stock units, Angostura Holdings ended at $10.68 with investors dealing in 52 shares, Ansa McAl remained at $45 with 1,202 units changing hands. CIBC Caribbean Bank lost 15 cents to finish at $8 as investors exchanged 3,805 stocks, CinemaOne settled at $2.87 following an exchange of 9 shares, Endeavour Holdings ends at $13.50 after trading of 10 stocks. First Citizens Group fell 50 cents in closing at $40.25 with 1,356 units crossing the market, GraceKennedy declined 25 cents to $4.15 in an exchange of 75,466 stocks, gaGuardian Holdings ined 25 cents to finish at $16.60 with investors swapping 584 shares. JMMB Group remained at 88 cents with a transfer of 2 stock units, Massy Holdings ended at $3.42 with 11,646 stocks passing through the market, National Enterprises popped 10 cents to close at $4.50 in trading 85 units. National Flour Mills shed 3 cents to $1.61 after a transfer of 2,619 shares, NCB Financial dropped 23 cents in closing at $3 with investors trading 38,976 stocks, One Caribbean Media gained 18 cents and finished at $1.68 with an exchange of a mere one unit. Republic Financial ended at $112 with a transfer of 7,859 stock units, Scotiabank slipped 36 cents and settled at $47.63 with 14,736 shares changing hands, Trinidad & Tobago NGL skidded 45 cents to close at $10 with 16,218 stock units crossing the exchange. Trinidad Cement remained at $1.91 after trading of 145 units, Unilever Caribbean rose 1 cent to close at $15.20 with 5,000 stocks crossing the market and West Indian Tobacco remained at $4.15 after an exchange of 439 units.
Prices of securities trading are those of the last transaction.

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