Sharp drop in money entering Trinidad Exchange

Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 127 percent but with 73 percent lower value than at the close on trading on Tuesday resulting in trading in 20 securities compared with 16 on Tuesday, with prices of six stocks rising, six declining and eight remaining unchanged.
Investors exchanged 252,713 shares at $2,221,539 compared with 111,347 stock units at $8,182,275 on Tuesday.
An average of 12,636 shares were traded at $111,077 compared to 6,959 units at $511,392 on Tuesday, with trading month to date averaging 8,173 shares at $215,804 compared with 5,622 units at $275,651 on the previous day. The average trade for June was 23,515 shares at $224,325.
The Composite Index shed 3.21 points to end at 1,224.54, the All T&T Index fell 6.62 points to 1,866.05, the SME Index closed at 70.13 and the Cross-Listed Index inched 0.06 points higher to end trading at 75.29.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $68.50 with investors trading 57 shares, Angostura Holdings ended at $23 in an exchange of 100 units, Ansa McAl fell 30 cents to $50.70 with an exchange of 970 stock units, First Citizens Group ended at $48 after 19,923 stocks were traded. GraceKennedy climbed 5 cents to $3.45, with 185,590 shares changing hands, Guardian Holdings rose 5 cents to $17.35 with shareholders swapping 584 stocks, Guardian Media remained at $2.30 with investors trading 43 stock units, JMMB Group rose 1 cent in closing at $1.36 with 2,700 units crossing the market. L.J. Williams B share lost 1 cent to close at $2.79 with investors exchanging 10 units, Massy Holdings shed 15 cents to end at $4.70 while 19,232 stocks passed through the market, National Enterprises ended at $3.85 with a transfer of 5,180 stock units, NCB Financial remained at $3.10 after an exchange of 1,151 shares. One Caribbean Media popped 5 cents in closing at $3.65 with 28 units changing hands, Prestige Holdings ended at $8 after a swapping of 5,284 stocks, Republic Financial declined 53 cents to close at $127.47 as investors exchanged 371 stock units, Scotiabank remained at $75.40, with 3,190 shares crossing the market. Trinidad & Tobago NGL rallied 5 cents to end at $18.05 with investors trading 2,557 shares, Trinidad Cement dipped 14 cents to close at $2.51 after a transfer of 179 stock units, Unilever Caribbean gained 2 cents to close at $12.04 in switching ownership of 491 stock units and West Indian Tobacco dropped $1 to end at 52 weeks’ low of $11 after 5,073 units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.