Following a two day holiday break, declining stocks dominated trading on the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 22 securities up from 20 on Friday and ending with prices of two stocks rising, 10 declining and 10 ended firm, with minimal effect on the market indices, following a 24 percent decline in the volume of stocks exchanged with a 49 percent decline in value compared to Friday.
The market closed with trading of 621,202 shares worth $3,237,460 compared to 820,603 stock units at $6,335,662 on Friday.
An average of 28,236 shares were traded at $147,157 compared with 41,030 units at $316,783 on Friday, with an average of 16,679 shares at $130,461 for March.
The Composite Index slipped 0.11 points to end trading at 1,049.84, the All T&T Index declined 1.01 points to 1,528.91, the SME Index remained unchanged at 91.85 and the Cross-Listed Index rallied 0.12 points to conclude trading at 75.18.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s dipped 16 cents in closing at $68 with 363 shares crossing the market, Angostura Holdings remained at $14.05 in trading 2 units, Ansa McAl sank $2 to end at $48 with 5,838 shares clearing the market.
Calypso Macro Investment Fund dropped $1.50 to end at $23.50 after an exchange of 80 stocks, CIBC Caribbean Bank ended at $8.19 and closed after the trading of 1,544 stocks, Endeavour Holdings ended at $18 in an exchange of 10 units. First Citizens Group lost 12 cents to close at $42 with 20,417 stocks crossing the market, GraceKennedy remained at $3.69 with investors dealing in 121 shares, Guardian Holdings ended at $14.85 with investors trading 322 stock units. Guardian Media remained at 96 cents in switching ownership of 7 shares, JMMB Group remained at $1.22 with investors swapping 1,755 stock units, Massy Holdings declined 1 cent in closing at $3.89 with a transfer of 38,854 stocks. National Enterprises fell 5 cents to $2.60 as 23,000 units passed through the market, National Flour Mills slipped 8 cents and ended at $1.62 after a transfer of 100,045 stocks, NCB Financial ended at $2.34 with traders dealing in 400,786 shares. One Caribbean Media dropped 27 cents to close at a 52 weeks’ low of $2.70 after an exchange of 5,828 stock units, Prestige Holdings remained at $11.15 with investors trading 366 units, Republic Financial shed $1.09 to finish at a 52 weeks’ low of $112 in an exchange of 3,956 shares. Scotiabank skidded 98 cents to $53.02 with investors trading 2,355 stock units, Trinidad Cement ended at $2.40 after an exchange of 265 stocks, Unilever Caribbean advanced 75 cents and ended at $11.75 with 9,027 units changing hands and West Indian Tobacco popped 1 cent in closing at $5.44 with an exchange of 6,261 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.