Trading led to a sharp jump in funds passing through the Trinidad and Tobago Stock Exchange on Wednesday. The volume of stocks traded declined by 18 percent and the value climbed by 98 percent compared with Tuesday. Trading ended with an exchange of 20 securities, up from 18 on Tuesday and ended with prices of four stocks rising, eight declining and eight ending firm.
The market closed with trading of 119,520 shares worth $1,223,637 compared to 146,607 stock units at $618,687 on Tuesday.
An average of 5,976 shares were traded at $61,182 compared with 8,145 units at $34,371 previously. Trading for the month to date averages 9,242 shares at $74,672 after declining from 9,985 units at $77,735 on the previous day and an average of 73,891 shares at $397,305 for September.
The Composite Index popped 0.96 points to end trading at 1,016.07, the All T&T Index advanced 1.79 points to 1,440.23, the SME Index remained at 74.34 and the Cross-Listed Index gained 0.01 points to settle at 78.79.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Ansa McAl remained at $44.50 in an exchange of 133 units, Ansa Merchant Bank declined $2 to $26.50 with a transfer of 25 stocks, AS Bryden climbed 15 cents to close at $1.50 after an exchange of a mere one share.
CIBC Caribbean Bank fell 14 cents to end at $8 with trading of 4,647 stocks, CinemaOne slipped 43 cents and ended at $2.44 with 20 shares changing hands, First Citizens Group settled at $40 with investors swapping 8,998 stocks. GraceKennedy lost 5 cents and finished at $4.15 after an exchange of 974 units, Guardian Holdings dropped 90 cents to $16.60 with trading of 2,324 stock units. JMMB Group ended at 85 cents after an exchange of 6,426 shares. L.J. Williams B share remained at 65 cents with 1,000 stocks crossing the market, Massy Holdings rose 7 cents to finish at $3.37 in an exchange of 43,589 units, National Enterprises stopped at $4.60 with investors trading 17,547 stock units. National Flour Mills remained at $1.65 with 5,260 shares changing hands, One Caribbean Media gained 12 cents to close at $1.67 after a transfer of 1,107 stock units, Republic Financial shed $1.64 and ended at $113.36 with 614 stocks crossing the market.
Scotiabank popped 26 cents to end at $48 with an exchange of 5,184 stock units, Trinidad & Tobago NGL skidded 20 cents to finish at $9.90 with 6,859 shares passing through the market, Trinidad Cement ended at $2 in switching ownership of 5,335 stock units. Unilever Caribbean dipped 90 cents to $15.55 after trading of 8,574 stocks and West Indian Tobacco remained at $4 in an exchange of 903 units.
Prices of securities trading are those of the last transaction.