Quiet bullishness overhangs Trinidad Stock Exchange

A quiet bullishness appears around the Trinidad and Tobago Stock Exchange since late 2021 and continues into the new year with prices of selected stocks hitting 52 weeks’ high on a frequent basis, with market activity on Wednesday ending with two stocks trading at 52 weeks’ high and resulted in more stocks rising than falling at the close after trading 63 percent more shares, with 251 percent higher value than Tuesday.
As was the case on Tuesday, 17 securities changed hands, with eight rising, two declining and seven remaining unchanged. The Composite Index increased 2.29 points to close at 1,523.87, the All T&T Index climbed 3.42 points to 2,135.00 and, the Cross-Listed Index advanced 0.15 points to settle at 121.92.
A total of 227,809 shares traded, for $3,415,464 compared to 139,988 units at $972,176 on Tuesday. An average of 13,401 units traded at $200,910 compared to 8,235 at $57,187 on Tuesday and trading month to date averaging 35,384 units at $230,963 versus 38,423 units at $235,117. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s jumped $1.50 to close at a 52 weeks’ high of $37.50 with the swapping of 18 shares, Ansa McAl remained at $59.50 after trading 2,048 stock units, Clico Investment Fund ended unchanged at $30 after an exchange of 400 units. Endeavour Holdings ended at $7.99, with 2,000 shares changing hands, First Citizens Group increased 1 cent in closing at $66.99, with an exchange of 1,512 stock units, FirstCaribbean International Bank rose 1 cent to close at $6.15 after a transfer of 5,500 shares. GraceKennedy popped 5 cents to $6.20 after exchanging 10,065 stocks, Guardian Holdings remained at $30 while exchanging 10,592 units, Guardian Media gained 10 cents in ending at $3.15, with 300 shares traded. Massy Holdings declined 24 cents to end at $106.25, with 3,511 stock units crossing the market, National Enterprises fell 25 cents ending at $3.50 in an exchange of 13,495 units, National Flour Mills ended at $1.95 after exchanging 23,032 stocks. NCB Financial Group finished trading 137,101 shares at $8, Republic Financial Holdings climbed 3 cents to close at $140.25, with 6,000 stocks clearing the market, Scotiabank advanced $4.95 in closing at a 52 weeks’ high of $74.95 after 1,976 stock units crossed the exchange. Trinidad & Tobago NGL rallied 3 cents to close at $18.81 after exchanging 10,054 units and West Indian Tobacco ended at $28.38 in switching ownership of 205 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.