Sharp bounce in trading on Trinidad Exchange

Trading jumped sharply on the Trinidad and Tobago Stock Exchange on Friday, but prices mostly fell, resulting in the volume of stocks traded rising 333 percent and the value surging 1,244 percent more than in Thursday’s trading and resulted in 16 securities switching owners, up from 12 on Thursday and ended with the price of one stock rising, seven declining and eight remaining unchanged.
Investors exchanged 939,230 shares for $12,336,459, up from 216,737 stock units at $917,842 on Thursday.
An average of 58,702 shares were traded at $771,029 compared with 18,061 stocks at $76,487 on Thursday and trading for the month to date averaging 18,505 shares at $263,678 compared to 15,138 units at $221,192 on the previous day and an average trade for October of 15,711 shares for $151,451.
The Composite Index fell 2.45 points to finish at 1,206.74, the All T&T Index dipped 8.15 points to end at 1,820.57, the SME Index remained unchanged at 79.99 and the Cross-Listed Index gained 0.51 points to close at 76.98.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $68.50, with 93,680 shares crossing the exchange, Ansa McAl ended at $57, with 200 units changing hands, First Citizens Group dipped 15 cents and ended at $49.10 after 912 shares passed through the market. FirstCaribbean International Bank remained at $7 with investors trading 31 stocks, GraceKennedy rose 10 cents to $3.65, with an exchange of 62,226 shares, Guardian Holdings ended at $18.65 in an exchange of 8,041 stocks. JMMB Group closed at $1.41 with investors trading 4,752 units, Massy Holdings lost 10 cents to close at $4.25 after an exchange of 698,988 stocks, National Enterprises ended at $3.55 in switching ownership of 19,526 shares. Prestige Holdings declined 5 cents to end at $11.40 after a transfer of 22 units, Republic Financial fell 59 cents to $123.41, with 16,262 stocks clearing the market, Scotiabank skidded 75 cents to close at $72 as investors traded 1,084 stock units. Trinidad & Tobago NGL shed $1.65 to end at a 52 weeks’ low of $10.65 after investors ended up trading 3,617 shares, Trinidad Cement closed at $2.86 after 2,489 units crossed the market, Unilever Caribbean ended at $11 after an exchange of 26,900 stocks and West Indian Tobacco dipped 1 cent to close at a 52 weeks’ low of $9.59 in trading 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.