Eric Solis trades up

Eric Solis Marketing that was listed on the SME market of the Trinidad and Tobago Stock Exchange on Monday had just two shares trading at $4.60, up 60 cents from the IPO price of $4. Trading activity in the overall market resulted in a mild fall in the volume of stocks traded with the value dropping 16 percent from Monday’s trades with 14 securities trading compared with 19 on Monday and ending with prices of four stocks rising, five declining and five ending firm.
The market closed with trading of 117,520 shares valued at $1,266,739 compared to 123,765 stock units at $1,510,113 on Monday.
An average of 8,394 shares were traded at $90,481 compared with 6,514 units at $79,480 on Monday, with trading month to date averaging 14,535 shares at $174,459 compared with 15,330 units at $190,372 on the previous day and for an average for August of 21,741 shares at $142,770.
The Composite Index shed 1.00 points to settle at 1,065.13, the All T&T Index sank 3.41 points to finish at 1,603.25, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.22 points to wrap up trading at 68.48.
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, First Citizens Group skidded 50 cents to finish at $43 after an exchange of 25 shares, FirstCaribbean International Bank ended at $6.90 with a transfer of 41,702 stocks, GraceKennedy fell 24 cents to $3.41 and closed after 3,000 shares changed hands. Guardian Media ended at $1.55 with 14 stock units crossing the market, JMMB Group popped 4 cents in closing at $1.05 after investors ended trading 100 shares, Massy Holdings closed at $3.50 after 29,147 stock units passed through the market. National Enterprises dipped 3 cents to $3.02 with 27,734 units changing hands, NCB Financial lost 2 cents and ended at $2.58 in an exchange of 3,000 stocks, Republic Financial remained at $112 with traders dealing in 1,726 units. Scotiabank slipped 1 cent to close at $53.54 after an exchange of 10,895 shares, Trinidad & Tobago NGL ended at $5 with 35 stocks being traded, Unilever Caribbean climbed 90 cents to end at $11.50 with 101 stock units crossing the market and West Indian Tobacco rose 27 cents to close at $8.31 with investors trading 39 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.