Declining stocks dominated trading on the Trinidad and Tobago Stock Exchange on Thursday, with nearly four stocks falling for each rising. Trading ended with a 69 percent drop in the number of shares traded, with the value slipping 9 percent compared to trading on Wednesday. Trading ended with an exchange of 19 securities compared with 18 on Wednesday and ended with prices of four stocks rising, 11 declining and four ending firm.
The market closed with 216,476 shares worth $2,781,016 trading, following a decline from 696,713 stocks at $3,068,787 on the prior day.
Trading closed with an average of 11,393 shares were traded at $146,369, in falling from 38,706 units at $170,488 on the prior day. Trading for the month to date averages 17,382 shares at $123,092 compared to 19,132 stock units at $116,289 on the previous day and an average of 12,077 shares at $98,177 for October.
The Composite Index slipped 1.90 points to 1,001.64, the All T&T Index advanced 7.51 points to close at 1,415.82, the SME Index dipped by 2.38 points to conclude trading at 71.12 and the Cross-Listed Index skidded 1.72 points to finish at 78.29.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of today’s trading session, Agostini advanced $4.99 to $44.99 with 14,671 stock units crossing the market, Ansa McAl rose $3 to finish at $45 after an exchange of 14,586 shares, AS Bryden shed 10 cents to close at $1.05 with investors swapping 9,111 stocks.
CIBC Caribbean Bank declined by 15 cents to $8 after an exchange of 12,625 units, Endeavour Holdings rallied 75 cents in closing at $13.50 with 209 stocks passing through the market, First Citizens Group fell by 50 cents to $37 after a transfer of 3,371 units. GraceKennedy dipped 50 cents to $3.20 after swapping of 17,500 shares, JMMB Group shed 2 cents to finish at 85 cents in an exchange of 30 stock units, Massy Holdings fell 1 cent to $3.27 after trading of 6,891 shares. Medcorp ended at $40 in an exchange of 2,173 stock units, National Enterprises dipped 1 cent to end at $5.40 with 103,497 stocks passing through the market, National Flour Mills remained at $1.60 after investors exchanged 17,378 units. NCB Financial ended at $3.25 after trading of 10 shares, Point Lisas slipped 6 cents to finish at $7.25 following an exchange of 1,091 stock units,
Prestige Holdings fell 5 cents and settled at $11 with 157 stocks clearing the market. Republic Financial skidded by 10 cents to finish at $113.90 with investors dealing in 3,817 units, Scotiabank increased 63 cents to $48.80 in switching ownership of 25 stocks, Trinidad Cement dropped 30 cents and ended at $1.70 with
trading of 1,266 shares and West Indian Tobacco remained at $3.85 with 8,068 stock units crossing the exchange.
Prices of securities trading are those of the last transaction.