Market activity ended with the market rising on Tuesday after investors traded 28 percent fewer shares but with a 44 percent jump in value than on Monday, resulting in a five to one ratio that falling stocks had over rising ones at the close of trading on the Trinidad and Tobago Stock Exchange.
Guardian Holdings hit a 52 weeks’ high of $30 on Tuesday.
Twelve securities traded compared to 19 on Monday, with one stock rising, five declining and six remaining unchanged. Massy Holdings did not trade on Tuesday but seems the next stock to enjoy a big bounce, with the stock closing with the bid at $68 to buy 7,352 shares compared to the last sale price of $65. the stock is on offer at $74.75 with just 700 units.
The Composite Index climbed 1.52 points to settle at 1,339.89, the All T&T Index advanced 5.25 points to settle at 1,811.72 and The Cross-Listed Index shed 0.35 points to settle at 117.02.
At the close of the market, 222,110 shares traded for $6,574,479 versus 310,179 units at $4,581,004 on Monday.
An average of 18,509 units traded at $547,873 compared to 16,325 at $241,105 on Monday. An average of 13,665 units traded at $290,413 for the month to date versus 13,060 units at $258,230. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa Mcal remained at $56.75 while exchanging 6,108 shares, Clico Investment Fund fell 34 cents to close at $25.15 with an exchange of 220 stock units, First Citizens Bank remained at $46.80 while exchanging 3,970 shares, Grace Kennedy dropped 5 cents to $4.95, with 1,000 shares crossing the exchange.
Guardian Holdings rose $1, ending at a 52 weeks’ high of $30 while exchanging 74,455 units, JMMB Group lost 3 cents to close at $1.78 exchanging 2,400 shares, NCB Financial Group fell 9 cents to end at $8.1 in trading 22,898 stocks. Republic Financial Holdings ended at $132.61, with 148 units crossing the market, Scotiabank settled at $54.70 with the swapping of 181 stock units, Trinidad Cement ended at $3.30 after exchanging 130 stock units. Unilever Caribbean closed at $16.33 in an exchange of 1,100 shares and West Indian Tobacco dipped 47 cents to $32.50 after exchanging 109,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.