Trading fell sharply on the Trinidad and Tobago Stock Exchange on Wednesday, with a 75 percent drop in volume traded a 79 percent lower value than Tuesday. A total of 16 securities were traded compared with 17 on Tuesday, ending with the price of only one stock rising, four declining and 11 ending firm.
The market closed with trading of 50,953 shares for $612,875, down from 201,114 stock units changed hands at $2,961,094 on Tuesday.
An average of 3,185 shares were traded at $38,305, in falling from 11,830 stock units at $174,182 on Tuesday. Trading for the month to date averages 12,350 shares at $105,073 after sliding from 12,850 units at $108,719 on the previous day and well below an average of 73,891 shares at $397,305 for September.
The Composite Index climbed 2.08 points to end at 1,002.27, the All T&T Index rose 0.64 points to 1,407.91, the SME Index rallied 0.01 points to close at 73.57 and the Cross-Listed Index gained 0.52 points to end at 79.70.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini remained at $45 with 132 stock units changing hands, AS Bryden ended at $1.10 with investors dealing in 6,798 shares, CIBC Caribbean Bank climbed 14 cents in closing at $8.14 in an exchange of 188 stocks. CinemaOne stayed at $1.96 with 50 units crossing the market, Eric Solis Marketing settled at $4.85 after a transfer of 4,625 stocks, First Citizens Group ended at $37.25 with 3,367 shares crossing the market. GraceKennedy dipped by 5 cents in closing at $3.90 in switching owners of 200 units,
Massy Holdings remained at $3.24 after trading of 2,696 stock units, National Enterprises stopped with an exchange of 8 shares at $5.30. National Flour Mills remained at $1.65 with 60 stock units passing through the market, Point Lisas closed at $7.31 with investors trading 685 stocks, Republic Financial ended unchanged at $114 after an exchange of 1,149 units. Scotiabank shed 1 cent to finish at $48.01 with investors swapping 1,202 shares, Trinidad & Tobago NGL ended at $9.81 after an exchange of 21,733 stock units, Trinidad Cement fell 29 cents to close at $1.70 with 6,755 stocks clearing the market and Unilever Caribbean lost 10 cents and settled at $15.25 as investors exchanged 1,305 units.
Prices of securities trading are those of the last transaction.