Rising stocks fueled gains on the Trinidad and Tobago Stock Exchange on Monday, with falling stocks outnumbering those rising, following a $1.05 jump in shares of First Citizens Group, resulting in the level of price gains overpowering those declining. Trading ended with activity in 14 securities, down from 18 on Friday and ending with prices of three stocks rising, five declining and six ending firm.
The market closed with trading of 70,903 shares for an 83 percent decline from 424,021 stocks with the value plunging 78 percent to $304,551 from $1,358,516 on the prior trading day.
An average of 5,065 shares were traded at $21,754 after sliding from 23,557 units at $75,473 on Friday. Trading for the month to date averages 18,340 shares at $91,621, down from 19,127 units at $95,766 on the previous day and an average for December of 43,880 shares at $314,506.
The Composite Index rallied 5.43 points to finish at 961.95, the All T&T Index climbed 12.96 points to conclude trading at 1,399.33, the SME Index remained unchanged at 92.68 and the Cross-Listed Index fell 0.39 points to finish at 69.08.
Investor’s Choice bid-offer indicator shows only two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Angostura Holdings ended at $12.75 with 100 shares passing through the market, while First Citizens Group popped $1.05 in closing at $39 after investors exchanged just 2,063 stocks, GraceKennedy ended at $3.37 in trading 110 units. Guardian Holdings skidded 5 cents and ended at $15.24 with 89 shares clearing the market, Guardian Media remained at 62 cents after investors swapped 400 stock units, JMMB Group fell 4 cents to close at 80 cents with 8,239 shares crossing the exchange. Massy Holdings ended at $3.56 after trading of 13,195 stocks, National Enterprises ended at $2.15 in an exchange of 70 units, National Flour Mills gained 1 cent to end at $1.62 with investors dealing in 13,114 stock units.
NCB Financial dipped 2 cents in closing at $1.91 with 31,206 shares crossing the market, Point Lisas rose 5 cents to finish at $5.20 with a transfer of 425 stocks, Republic Financial remained at $106 with investors swapping 681 units. Scotiabank lost 1 cent to end at $48 with 181 stock units changing hands and Trinidad Cement slipped 21 cents to finish at $1.73 with investors trading 1,030 shares.
Prices of securities are those for the last transaction of each stock unless otherwise stated.