Sharp trading dip on T&T Stock Exchange


Trading slowed on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 76 percent and the value 91 percent lower than on Tuesday and concluded with 21 securities changing hands, up from 19 on Tuesday and ending with prices of seven stocks rising, 10 declining and four closing firm and sending the market lower at the close.

The market closed with trading of 117,913 shares, with a value of $1,147,211, after it tumbled from 489,297 stock units worth $12,532,154 on Tuesday.
An average of 5,615 shares was exchanged at $54,629, a big fall from 25,752 units at $659,587 on Tuesday. Trading month to date averages 29,539 shares at $573,424, down from 36,927 units at $733,643 on the previous day and an average for April of 16,463 shares at $259,049.
The Composite Index sank 8.75 points to finish at 968.39, the All T&T Index shed 16.34 points to finish at 1,396.16, the SME Index fell 0.16 points to 89.69 and the Cross-Listed Index skidded 0.08 points to 71.47.
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 of trading, Agostini ended at $60 with 110 shares passing through the market, Angostura Holdings sank 5 cents to finish at $10.70 in an exchange of 10 stocks, Ansa McAl declined $5 and ended at $40 with 200 shares crossing the market. Ansa Merchant Bank remained at $25 with investors dealing in 107 stock units, CIBC Caribbean Bank advanced 14 cents in closing at $8.29 with 519 units crossing the market, CinemaOne remained at $3.98 after a transfer of 50 stocks. Eric Solis Marketing shed 21 cents to end at $3.70 after traders exchanged 375 shares, First Citizens Group lost 2 cents in closing at $36 in, switching ownership of 3,033 stock units, GraceKennedy slipped 22 cents to end at $3.36 with traders dealing in 3,971 units. Guardian Holdings rose 4 cents to finish at $15.29 in an exchange of 1,662 shares, JMMB Group gained 1 cent and ended at 85 cents with 895 stock units changing hands, Massy Holdings sank 2 cents to $3.47 as investors exchanged 26,843 stocks. National Enterprises popped 22 cents to $5.22 with a transfer of 24,949 units, National Flour Mills skidded 1 cent in closing at $1.44, following trading of 8,454 stocks, Point Lisas fell 50 cents to finish at $6.50 after an exchange of 2,000 shares. Republic Financial dipped 29 cents and ended at $106.96 with investors trading 1,518 units, Scotiabank ended at $45.50 after an exchange of 2,500 stock units, Trinidad & Tobago NGL climbed 15 cents to close at $11.15 after trading of 40,542 shares. Trinidad Cement increased 3 cents to $1.69 with 100 units clearing the market, Unilever Caribbean dropped 29 cents and ended at $14.30 with investors swapping 21 stocks and West Indian Tobacco rallied 9 cents to $2.89 with an exchange of 54 stock units.
Prices of securities are those for the last transaction of each stock unless otherwise stated.

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