Sharp drop in trading on Trinidad Exchange


Trading concluded with a mere 37,270 shares changing hands, down 71 percent from a mere 130,458 stock units on Thursday, with the value 39 percent lower at $499,481, down sharply from $822,616 on Thursday on the Trinidad and Tobago Stock Exchange. Trading ended with activities in 18 securities, down from 21 on Thursday, with prices of nine stocks rising, five declining and four ending firm.

The market closed with an average of just 2,071 shares trading at $27,749, down from a mere 6,212 units at $39,172 on Thursday, with trading month to date averaging 18,380 shares at $124,598, which are in line with 19,501 units at $131,251 on the previous day and an average for March of 16,679 shares at $130,461.
The Composite Index advanced 0.45 points to 1,048.87, the All T&T Index gained 0.87 points to finish at 1,538.52, the SME Index remained at 86.66 and the Cross-Listed Index closed unchanged at 73.46.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $68 with 440 shares changing hands, Angostura Holdings ended at $14.80 after a transfer of 10 stock units, Ansa McAl advanced 90 cents and ended at $50.90 with 25 shares crossing the market. Ansa Merchant Bank ended at $39.50 with investors trading 6 units, Calypso Macro Investment Fund dipped $1.50 to end at $23.45, with 1,000 stocks crossing the market, First Citizens Group rose 4 cents to finish at $41.89 with traders dealing in 2,431 shares. Guardian Holdings sank 25 cents to $16.75, with 120 units clearing the market. JMMB Group ended at $1.10 after an exchange of 712 stocks, Massy Holdings rallied 9 cents to end at $4.05 after 19,451 stock units passed through the market. National Enterprises popped 5 cents in closing at $2.50 in an exchange of 1,394 shares, NCB Financial increased 9 cents to finish at $2.39 with investors dealing in 50 stock units, One Caribbean Media climbed 8 cents to close at $2.69 with an exchange of just 1 stock. Point Lisas dropped 20 cents to $4.25 as investors exchanged 963 units, Prestige Holdings shed 48 cents in closing at a 52 weeks’ low of $10.50 after the trading of 2,425 stocks, Republic Financial lost 40 cents and ended at a 52 weeks‘ low of $110.60 with 1,651 units crossing the exchange. Scotiabank gained 9 cents to finish at $53 with investors swapping 372 shares, Trinidad & Tobago NGL rose 2 cents to close at $3.32 after an exchange of 5,750 stock units and Unilever Caribbean gained 1 cent to end at $12.78 with investors trading 469 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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