Stocks failed to hang onto the post-election bounce on Tuesday and ended on Wednesday with mostly losses on the Trinidad and Tobago Stock Exchange, resulting in 21 securities trading compared with 19 on Tuesday and ending with prices of four stocks rising, seven declining and 10 ended firm, with the volume of stocks traded rising 33 percent with a 33 percent lower value than on Tuesday.
The market closed with trading of 219,490 shares worth $1,128,137 compared to 164,429 stock units at $1,673,089 on Tuesday.
An average of 10,452 shares were traded at $53,721 compared with 8,654 units at $88,057 on Tuesday, with trading for the month to date ending with an average of 16,843 shares at $114,481 that is well aligned with the 17,269 units at $118,531 on the previous day and an average for March of 16,679 shares at $130,461.
The Composite Index dipped 0.04 points to finish at 1,049.02, the All T&T Index fell 0.85 points to end at 1,538.04, the SME Index remained at 86.66 and the Cross-Listed Index rose 0.11 points to 73.57.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
At the close, Angostura Holdings ended at $14.80 and closed with an exchange of 580 shares, Ansa Merchant Bank remained at $39.50 with investors swapping 2 stock units, CIBC Caribbean Bank popped 1 cent and ended at $8.11 with 473 shares clearing the market.
Endeavour Holdings remained at $18 with investors trading 5 stocks, First Citizens Group climbed 4 cents to close at $41.94 with 969 units crossing the market, GraceKennedy ended at $3.87 with a transfer of 198 shares. Guardian Media rose 4 cents to $1 after an exchange of 35 stock units, JMMB Group ended at $1.10 with 49 stocks passing through the market, Massy Holdings declined 3 cents and ended at $4 after a transfer of 168,548 units. National Enterprises sank 7 cents to end at a 52 weeks’ low of $2.43 with investors trading 19,599 shares, National Flour Mills remained at $1.60 after an exchange of 5,215 stock units, NCB Financial lost 19 cents to close at a 52 weeks’ low of $2.20 after the trading of 291 stocks. One Caribbean Media remained at $2.69 in an exchange of 5 units, Point Lisas advanced 20 cents and ended at $4.45 with 2,105 stocks changing hands, Prestige Holdings sank 3 cents to finish at $10.60 as investors exchanged 1,427 shares. Republic Financial skidded 1 cent to close at $110.98 in trading 1,915 stock units, Scotiabank fell 44 cents to end at a 52 weeks’ low of $52.56 after an exchange of 558 units, Trinidad & Tobago NGL ended at $3.20 with investors dealing in 6,402 shares. Trinidad Cement finished trading at $2.15 with 1,475 stocks switching owners, Unilever Caribbean dipped 2 cents to end at $12.70 with 98 units crossing the exchange and West Indian Tobacco remained at $5.44 with traders dealing in 9,541 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.