Rising stocks dominate Trinidad market

Rising stocks distanced themselves from those declining on a 4 to 1 ratio at the end of trading on the Trinidad and Tobago Stock Exchange on Thursday, following a drop in the number of companies with activity in their shares and resulting in the trading of 13 securities down from 18 on Wednesday and ending with prices of eight rising, just two declining and three ending firm.
The market closed with trading of 391,431 shares valued $1,734,804 versus 382,651 stocks with the value falling 76 percent from $7,262,693 on Wednesday.
An average of 30,110 shares were traded at $133,446 compared with 21,258 stock units at $403,483 on Wednesday, with trading month to date averaging 15,399 shares at $240,918 compared with 11,649 units at $268,304 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index lost 0.33 points to close at 1,061.33, the All T&T Index fell 1.11 points to finish at 1,590.30, the SME Index remained at 78.26 and the Cross-Listed Index edged 0.07 points higher to 69.32.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Ansa McAl increased 7 cents in closing at a 52 weeks’ high of $63.57 with investors trading 515 shares, Ansa Merchant Bank ended at $41.50 after an exchange of 223 stocks, First Citizens Group climbed $3.50 to end at $44 with investors trading 1,473 stock units. FirstCaribbean International Bank slipped 2 cents and ended at $6.80 with 5,975 stocks crossing the exchange, GraceKennedy rose 30 cents to finish at $3.65 with traders dealing in 10 shares, JMMB Group ended at $1.05 after a transfer of 32,277 stocks. Massy Holdings advanced 5 cents to $3.50 with investors trading 347,524 stock units, National Enterprises popped 5 cents to finish at $3.07 in an exchange of a mere one unit, Republic Financial gained $2 and ended at $112 and closed with an exchange of 2,962 shares. Scotiabank rallied $1 to end at $53 in trading 50 units, Trinidad & Tobago NGL remained at $5.10 with 260 stocks crossing the market, Unilever Caribbean fell 73 cents to close at $10.60 with a transfer of 100 stock units and West Indian Tobacco popped 90 cents to $7.40 with 61 shares clearing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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