Prices climb on Trinidad Exchange

The Composite Index of the Trinidad and Tobago Stock Exchange surged on Thursday as investors pumped more money into the market but purchased fewer shares than on Wednesday. Trading ended 32 percent fewer shares changing hands but the value jumped 94 percent resulting in activity in 19 securities as was the case Wednesday, and ended with prices of nine stocks rising, six declining and four remaining unchanged.
Investors traded 368,174 shares for $4,467,202 compared with 543,121 units at $2,298,447 on Wednesday.
An average of 19,378 shares were traded at $235,116 against 28,585 units at $120,971 on Wednesday. Trading month to date averages 30,559 shares at $242,715 versus 31,307 units at $243,224 on the previous day. The average trade for December amounts to 42,745 shares at $474,822.
The Composite Index lost 20.79 points to close at 1,310.88, the All T&T Index increased 0.86 points to 1,983.60, the SME Index remained unchanged at 57.12 and the Cross-Listed Index shed 6.15 points to settle at 82.74.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings popped 20 cents in closing at $23.70 after exchanging 943 shares, Calypso Macro Investment Fund rose 10 cents to end at $20.25, with 450 stocks changing hands, First Citizens Group rallied 9 cents to $50.10 in trading 1,961 units. FirstCaribbean International Bank dropped 40 cents to close at $5.60 with the swapping of 2,000 stock units, GraceKennedy dipped 5 cents to $4.45 while exchanging 39,423 stock units, Guardian Holding shed $1 to close at $26, with 2,348 shares crossing the market. Guardian Media ended at $2.15 after exchanging 1,191 units, JMMB Group gained 9 cents in closing at $2.24 in an exchange of 24,661 stocks, Massy Holdings remained at $4.49 with a transfer of 80,933 shares. National Enterprises increased 15 cents to $3.70 after an exchange of 14,827 units, National Flour Mills climbed 4 cents to end at $1.55 and closed with an exchange of 102,893 stocks, NCB Financial fell 26 cents in ending at a 52 weeks’ low of $4.30 as 17,300 stock units passed through the market. Point Lisas lost 43 cents at $3.07 with 3,450 stocks clearing the market, Prestige Holdings advanced 25 cents to $7, with 30,121 shares changing hands, Republic Financial climbed 55 cents to close at $138 in switching ownership of 18,697 units. Scotiabank ended at $77.95, with 575 stock units crossing the exchange, Trinidad & Tobago NGL declined 6 cents to end at $21.38 after a transfer of 18,937 units, Unilever Caribbean remained at $13.60 in trading 1,020 stocks and West Indian Tobacco increased 85 cents to close at $21.85 with an exchange of 6,444 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.