Market activity ended on Wednesday with the market declining after trading 86 percent fewer shares carrying with 89 percent less value than on Tuesday, resulting in slightly more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Only 13 securities traded compared to 15 on Tuesday, with two rising, three declining and eight closing unchanged. The Composite Index shed 4.21 points to end at 1,387.25, the All T&T Index lost 6.77 points to end at 1,901.37 and the Cross-Listed Index slipped 0.21 points to 117.31.
At the close, 104,572 shares traded for $1,158,094 compared to 722,513 units at $10,661,059 on Tuesday.
An average of 8,044 units traded at $89,084 compared to 48,168 at $710,737 on Tuesday. The average trade for the month to date amounts to 44,739 units at $630,540 versus 46,455 units at $655,860. The average trade for May ended at 25,935 units at $406,593.
The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, 1,125 shares of Agostini’s were exchanged at $24.50, Clico Investment Fund rallied 50 cents to $26.50 with the swapping of 4,669 stocks, Grace Kennedy ended at $5.25 after trading 16,700 stocks, in sympathy with developments in Jamaica, with the price pulling back, Guardian Holdings dropped $1.64 to close at $33.06 in an exchange of 4,084 units.
JMMB Group settled at $1.86 with 55,714 shares hanging hands, Massy Holdings closed at $80 with the swapping of 1,909 stocks, National Enterprises slipped 1 cent to $2.80 after 2,000 units crossed the exchange. NCB Financial Group ended at $7.99 with a transfer of 1,536 shares, One Caribbean Media dipped 14 cents to $4.51 in trading 820 stock units, Republic Financial Holdings remained at $135 with 455 units changing hands. Scotiabank closed at $57 with the swapping of 4,110 shares, Trinidad & Tobago NGL ended at $18.50 after exchanging 11,400 stock units and Unilever Caribbean gained 3 cents to close at $16.25 in switching ownership of 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.