Rising stocks dominate Trinidad Exchange

Trading picked up on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 48 percent with the value 15 percent more than on Tuesday, resulting in 17 securities trading compared with 16 on Tuesday, with seven stocks rising, two declining and eight remaining unchanged with trading showing improved results over Tuesday when declining stocks overpowered those rising.
Investors exchanged 162,542 shares for $3,226,702 versus 110,164 stock units at $2,810,683 on Tuesday.
An average of 9,561 units were traded at $189,806 compared to 6,885 shares at $175,668 on Tuesday, with trading month to date averaging 13,201 shares at $162,932 compared with 13,634 units at $159,738 on the previous day. November closed with an average of to 19,241 shares for $227,402.
The Composite Index rallied 7.05 points to 1,181.34, the All T&T Index gained 14.25 points to settle at 1,780.33, the SME Index remained unchanged at 71.95 and the Cross-Listed Index fell 0.09 points to lock up trading at 75.63.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped 30 cents to end at $68.20 after an exchange of 40 stocks, Angostura Holdings popped $1.50 to $18.50 in switching ownership of 15 units, Ansa McAl rallied 10 cents and ended at $55.60 after a transfer of 1,267 shares. Calypso Macro Investment Fund increased 64 cents to close at $23.40 with shareholders swapping 15 stock units, First Citizens Group ended at $49 after investors traded 920 shares, FirstCaribbean International Bank remained at $7 with an exchange of 39,450 stock units. GraceKennedy climbed 12 cents to close at $3.98 with 19,608 units changing hands, Guardian Holdings shed 74 cents in closing at $17.26 with investors transferring 1,000 stocks, JMMB Group remained at $1.29 after an exchange of 200 units. Massy Holdings ended at $4.40 with investors transferring 58,845 stocks, National Enterprises ended at $3.55 after an exchange of 31 shares, National Flour Mills rose 2 cents to end at $1.80 with traders dealing in 150 stock units. Republic Financial rallied $1 to $124 after 16,240 shares crossed the exchange, Scotiabank advanced 17 cents and ended at $69.97, with 3,422 units changing hands, Trinidad & Tobago NGL ended at $10.50 with investors exchanging 20,864 stocks. Trinidad Cement ended at $2.95 with 100 stock units clearing the market and West Indian Tobacco remained at $9.07 in an exchange of 375 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.