Rising prices dominate trading in Trinidad

Trading levels remained relatively steady on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 19 percent and the value moderately more than on Monday, resulting in 19 securities trading compared with 19 on Monday, with 11 stocks rising three declining and five remaining unchanged, but resulted in a fall in the leading market indices as Angostura Holdings declined $1.89 and overwhelmed price gains elsewhere.
The Composite Index dropped 4.72 points to 1,324.80, the All T&T Index fell 11.34 points to 1,984.40, the SME Index remained at 61.52 and the Cross-Listed Index rallied 0.33 points to settle at 86.64.
Investors exchanged 702,526 shares for $5,994,421 versus 870,339 stock units at $5,806,444 on Monday. An average of 36,975 units were traded at $315,496 compared to 45,807 shares at $305,602 on Monday, with trading month to date averaging 43,248 shares at $265,454 compared with 44,738 units at $253,573 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s rallied 49 cents ending at $59.99 after a transfer of 172 shares, Angostura Holdings declined $1.89 to $23.11 after finishing trading with a transfer of 750 units, Ansa McAl increased 20 cents to end at $51 as 984 stocks passed through the market. Calypso Macro Investment Fund gained 15 cents to close at $20.75, with 650 stock units crossing the market, First Citizens Group climbed 39 cents to $50.50 in trading 4,799 stock units, FirstCaribbean International Bank remained at $6.60 and closed with 313 shares changing hands. GraceKennedy rose 10 cents to $4.60 in an exchange of 41,383 units, Guardian Holdings popped $1.59 to $27 with investors exchanging 18,562 stocks, JMMB Group ended at $1.75 in switching ownership of 6,500 stock units. Massy Holdings dipped 14 cents to $4.50 with a transfer of 109,510 units, National Enterprises advanced 1 cent to $3.74 while exchanging 488,341 shares, National Flour Mills ended at $1.59 with 740 stocks clearing the market. NCB Financial gained 5 cents to close at $4.10, 500 units changing hands, Prestige Holdings rallied 30 cents to end at $7.50 in exchanging 1,123 stocks, Republic Financial closed at $138 with investors transferring 15,021 shares. Scotiabank ended at $78.20 with 5,715 stock units crossing the exchange, Trinidad & Tobago NGL rose 5 cents in closing at $20.90 as investors exchanged 1,412 stock units, Unilever Caribbean popped 35 cents to close at $14.50 with the swapping of 136 stocks and West Indian Tobacco shed 1 cent to end at $18.49 trading after 5,915 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.