Agostini, Ansa McAl and Medicorp suffered a big price decline on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 20 securities compared with 19 on Tuesday and ending with prices of only one stock rising, 10 declining and nine ending firm. At the close, the volume of stocks traded rose 4 percent, valued at 1,367 percent more than on Tuesday. At the close, five stocks continue to record new one year lows as the market drift lower.
The market closed with trading of 179,637 shares for $11,074,615, up from 171,916 stock units at $754,999 on Tuesday.
An average of 8,982 shares were traded at $553,731 compared with 9,048 units at $39,737 on Tuesday, with trading month to date averaging 13,035 shares at $237,495 compared with 15,061 units at $79,377 on the previous day and an average for October of 34,584 shares at $266,203.
The Composite Index slipped 1.89 points to 952.67, the All T&T Index rose 0.86 points to finish at 1,379.68, the SME Index declined 2.10 points to close at 95.60 and the Cross-Listed Index fell 0.69 points to wrap-up trading at 69.35.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini dropped $3 to end at $63.50, with 113 shares passing through the market, Angostura Holdings sank 10 cents to $13, with 291 units crossing the exchange, Ansa McAl declined $1.24 to finish at a 52 weeks low of $42.50 in trading 97 shares. AS Bryden ended at $1.99, with 2,228 stock units clearing the market, CIBC Caribbean Bank remained at $8.35 with an exchange of 3,972 stocks, First Citizens Group ended at $34 and closed with an exchange of 2,898 shares. GraceKennedy fell 15 cents to a 52 weeks low of $3.30 in trading 195 stock units, Guardian Holdings ended at $14.02 with traders dealing in 626 stocks, JMMB Group skidded 3 cents to close at a 52 weeks low of 85 cents in switching ownership of 344 units. Massy Holdings remained at $3.50 with investors dealing in 12,044 stocks, Medcorp lost $1 and ended at $49 after an exchange of 114 shares, National Enterprises declined 25 cents to finish at a 52 weeks low of $1.80 with the trading of 33,760 stock units. National Flour Mills ended at $1.61, with 1,462 units crossing the market,
NCB Financial shed 3 cents to end at $1.90 as investors exchanged 55 stocks, Point Lisas remained at $4.10 with a transfer of 580 units. Republic Financial ended at $103 in trading 101,730 shares, Scotiabank ended at $47.90 in an exchange of 90 stock units, Trinidad & Tobago NGL dropped 20 cents to finish at $2.75 with investors trading 7,227 shares. Trinidad Cement fell 10 cents to a 52 weeks low of $1.85 after 5,000 stock units passed through the market and West Indian Tobacco advanced 4 cents to finish at $3.62 with investors swapping 6,811 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.