Rising stocks jumped sharply in Trinidad

Trading picked up on the Trinidad and Tobago Stock Exchange on Tuesday, with a 227 percent jump in the volume of stocks traded following a 322 percent surge in value compared with Monday and resulted in rising stocks outpacing those that declined, with investors trading in 19 securities, up from just 14 on Monday, with the market ending with prices of 10 stocks rising, two declining and seven remaining unchanged.
Investors exchanged 136,863 shares for $2,907,508 versus 41,915 stock units at $689,675 on Monday.
An average of 7,203 units were traded at $153,027 compared to 2,994 shares at $49,262 on Monday, with trading month to date averaging 17,398 shares at $151,164 compared with 19,279 units at $150,820 on the previous day. The average trade for September amounts to 21,948 shares at $198,506.
The Composite Index advanced 4.24 points to end at 1,213.64, the All T&T Index popped 1.78 points to close at 1,843.08, the SME Index gained 0.24 points to end at 79.99 and the Cross-Listed Index climbed 0.96 points to end at 75.61.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Angostura Holdings remained at $22.98 with a transfer of 1,940 shares, Calypso Macro Investment Fund increased 50 cents to $23 after a transfer of 30 units, Endeavour Holdings rallied 5 cents to $15 in an exchange of 262 stock units, First Citizens Group climbed 5 cents to $49.05, with 8,756 stocks crossing the exchange. FirstCaribbean International Bank rose 2 cents to $7 with traders dealing in 2,540 units, GraceKennedy rose 35 cents to close at $3.75 after an exchange of 140 shares, Guardian Holdings ended at $19 with investors transferring 3,900 stock units, Guardian Media ended at $2.01 with investors dealing in 500 stocks. JMMB Group remained at $1.41 while exchanging 5,000 units, Massy Holdings advanced 3 cents and to $4.88 as investors exchanged 7,711 stocks, National Enterprises ended at $3.55 with investors trading 81,600 shares, National Flour Mills popped 8 cents to end at $1.60 with 2,000 stock units clearing the market. One Caribbean Media dropped 48 cents in closing at $3.30 with shareholders swapping 220 stocks, Prestige Holdings ended at $8.50 in switching ownership of 1,111 shares, Republic Financial dropped 75 cents to a 52 weeks’ low of $119 after an exchange of 14,984 units, Scotiabank ended at $72.50 with 2,053 stock units being traded. Trinidad & Tobago NGL increased 10 cents to end at $13 with 450 shares crossing the market, Unilever Caribbean rose 5 cents in closing at $11.60 in trading 380 stocks and West Indian Tobacco advanced 5 cents and ended at $10.05 in an exchange of 3,286 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.