Rising stocks push up Trinidad & Tobago Market


Trading dived on the Trinidad and Tobago Stock Exchange on Tuesday, with a 63 percent decline in the volume of stocks traded, valued 59 percent lower than on Monday, resulting in trading of 19 securities, down from 23 on Monday and ending with prices of eight stocks rising, four declining and seven ending firm.

The market closed with trading of 380,573 shares for $1,284,498, down from 1,036,925 stock units at $3,156,108 on Monday.
At the close of the market, an average of 20,030 shares were traded at $67,605 compared with 45,084 units at $137,222 on Monday, with trading month to date averaging 41,855 shares at $323,545 compared with 43,908 units at $347,619 on the previous day and an average for August of 59,000 shares at $327,034.
The Composite Index gained 2.17 points to wrap up trading at 990.75, the All T&T Index rose 5.42 points to 1,423.77, the SME Index remained unchanged at 100.65 and the Cross-Listed Index slipped 0.19 points to end at 73.86.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Agostini skidded 80 cents to end trading at $68 as investors traded 180 shares, Ansa McAl advanced $3.75 to $43.75 after  75 units were exchanged, Ansa Merchant Bank jumped $3.38 and ended at $36.50 after an exchange of 37 shares. AS Bryden climbed 20 cents to end trading at a record close of $1.52 with investors trading 850 stock units, Calypso Macro Fund ended at $23.10 with 397 stocks crossing the exchange, CIBC Caribbean Bank remained at $8.86 with investors trading 279 units. First Citizens Group sank 10 cents to a 52 weeks low of $37.90 after an exchange of 852 stocks, GraceKennedy ended at $3.65, with 21 shares changing hands, Guardian Holdings remained at $15.48 and closed with an exchange of 254 stock units. Guardian Media remained at 66 cents in trading 26,820 shares, JMMB Group ended at $1 with investors swapping 11 stocks, Massy Holdings shed 1 cent in closing at $3.89 after an exchange of 20,379 units. Medcorp increased $2.50 to $52 after 50 stock units passed through the market, National Enterprises slipped 2 cents in closing at $2.11, with investors dealing in 5,190 shares, NCB Financial ended at $1.93, with 320,000 units crossing the market. Republic Financial rose 1 cent to close at $108 with 4,514 stocks changing hands, Trinidad & Tobago NGL gained 17 cents to finish at $2.99 after a transfer of 50 stock units, Unilever Caribbean rallied 5 cents to end at $13.75 in trading 159 shares and West Indian Tobacco popped 3 cents to $4, with 455 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com