Sharp jump for major stocks on Trinidad Exchange

Trading bounced sharply on Wednesday on the Trinidad and Tobago Stock Exchange, following the closure of the market for the long Christmas break, with a 182 percent rise in the volume of stocks traded as the value surged 255 percent more than on Friday, resulting in the trading of 23 securities up from 16 on Friday, with prices of seven rising, nine declining and seven remaining unchanged, resulting in a big jump in the main indices as prices of Ansa McAl, Republic Financial, Trinidad & Tobago NGL and Clico Investment jumped more than $1.
The Composite Index climbed 20.41 points to 1,351.20, the All T&T Index jumped 38.67 points to 2,039.80 and the Cross-Listed Index popped 0.12 points to settle at 85.99.
Investors traded 740,203 shares for $16,479,131 up from 262,773 units at $4,643,397 on Friday. An average of 32,183 units were traded at $716,484 compared to 16,423 shares at $290,212 on Friday. Trading month to date averages 43,719 shares at $486,944 versus 44,559 units at $470,237 on the previous trading day. The average trade for November amounts to 51,348 at $461,794.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Ansa McAl jumped $7.50 in closing at $59, with 167 shares clearing the market, Ansa Merchant Bank dropped $1 to end at $44 after 529 stocks cleared the market, Calypso Macro Investment Fund fell 35 cents to $21.15 after a transfer of 67 units. CinemaOne remained at $7.25, with 108 stock units changing hands, Clico Investment Fund rose $1.44 in ending at $29, with 341,952 stock units crossing the market, First Citizens Group ended at $52 after an exchange of 3,321 stocks. FirstCaribbean International Bank increased 10 cents to $5.80 in switching ownership of 100 units, GraceKennedy declined 30 cents to $4.20 in an exchange of 383 shares, Guardian Holdings gained 34 cents to end at $27.35 after 172 stock units were traded. JMMB Group dipped 4 cents to $1.91 with 1,050 stocks changing hands, L.J. Williams B share shed 40 cents in ending at $2.35, with 554 units crossing the exchange, Massy Holdings ended at $4.50 with a transfer of 7,798 shares. National Enterprises ended at $3.27 after exchanging 180,000 stock units, National Flour Mills ended at $1.60 with the swapping of 10 shares, NCB Financial slipped 1 cent to close at $4.55 with investors transferring 4,530 units. One Caribbean Media fell 39 cents to a 52 weeks’ low of $3.30 with an exchange of 300 stocks, Point Lisas shed 31 cents in closing at $3.19, with 306 units crossing the market, Prestige Holdings dipped 50 cents in ending at $6.10 after an exchange of 1,510 stocks. Republic Financial popped $2.60 to close at $139 as investors exchanged 203 shares, Scotiabank advanced 20 cents to end at $78.39 in trading 25,884 stock units, Trinidad & Tobago NGL rallied $1.77 to a 52 weeks’ high of $23.97 as 82,590 stock units passed through the market. Unilever Caribbean remained at $12.89 with an exchange of 626 stocks and West Indian Tobacco remained at $22 after 88,043 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.