Falling stocks overwhelmed winners on the Trinidad and Tobago Stock Exchange on Wednesday, severely denting the market indices, resulting from trading in 22 securities compared with 18 on Tuesday, with prices of just three stocks rising, 11 declining and eight ending firm. At the close, the volume of stocks traded just inched higher, with a 236 percent jump in value over Tuesday.
The market closed with the trading of 943,806 shares for $24,776,351, up from 940,574 stock units at $7,366,374 on Tuesday.
An average of 42,900 shares were traded at $1,126,198 compared with 52,254 stock units at $409,243 on Tuesday, with trading for the month to date averaging 25,048 shares at $283,702 compared with 22,004 units at $140,025 on the previous day and an average for May of 24,702 shares at $146,628.
The Composite Index fell 10.95 points to 1,021.10, the All T&T Index lost 13.17 points to finish at 1,502.81, the SME Index remained unchanged at 91.81 and the Cross-Listed Index dipped 1.20 points to cease trading at 70.78.
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’s sank $2 and ended at $63 after a transfer of 249 shares, Ansa McAl skidded 78 cents to a 52 week low of $43 in trading 214 stocks, Ansa Merchant Bank ended at $39.49 after an exchange of a mere 3 units. Calypso Macro Investment Fund fell 20 cents to $23 with a transfer of 89 shares, CIBC Caribbean Bank advanced 30 cents to end at $8.55 after trading of 264,124 stock units, Eric Solis Marketing declined 5 cents to finish at $4.15 in an exchange of 2 shares. First Citizens Group sank 50 cents to $43.50 with investors trading 499,739 stocks, Guardian Holdings popped $1 in closing at $18 with 5 units crossing the market, JMMB Group remained at $1.07 with an exchange of 3 stock units. Massy Holdings dipped 5 cents and ended at $3.95, with 72,613 shares crossing the market, National Enterprises shed 2 cents to finish at $2.42, with investors dealing in 80,668 units, National Flour Mills ended at $1.63 after 3,573 stocks passed through the market. NCB Financial lost 18 cents to close at a 52 week low of $1.80, with 1,600 stock units crossing the exchange,
One Caribbean Media remained at $2.70 with 73 shares changing hands, Point Lisas dipped 9 cents in closing at $4.15 after an exchange of 47 stock units. Prestige Holdings gained 30 cents and ended at a 52 week high of $10.91, with 3,902 stock units clearing the market, Republic Financial slipped 2 cents to $112.20 as investors exchanged 736 stocks, Scotiabank sank $1.54 to end at a 52 week low of $52.46 in switching ownership of 2,809 units. Trinidad & Tobago NGL remained at $3.74 after it closed with 10,715 stocks changing hands, Trinidad Cement ended at $2.15 after an exchange of 312 shares, Unilever Caribbean closed at $14 with investors trading 1,030 stock units and West Indian Tobacco remained at $4.95 with traders dealing in 1,300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.