Slippage in Trinidad Stock Exchange

The Trinidad and Tobago Stock Exchange lost ground on Wednesday, with the volume of stocks traded declining 48 percent and the value of trading dropping 59 percent from Tuesday’s level and resulting in 16 securities trading compared with 18 on Tuesday, with prices of three stocks rising, five declining and eight remaining unchanged.
The market closed trading with an exchange of 97,007 shares for $628,109 compared to 186,017 stock units at $1,532,419 on Tuesday.
An average of 6,063 shares were traded at $39,257 compared to 10,334 units at $85,134 on Tuesday, with trading month to date averaging 15,998 shares at $167,627 compared with 16,482 units at $173,889 on the previous day and an average for December of 17,065 shares at $239,371.
The Composite Index dipped 2.59 points to lock up trading at 1,191.97, the All T&T Index skidded 4.00 points to settle at 1,778.53, the SME Index remained unchanged at 78.23 and the Cross-Listed Index sank 0.15 points to finish at 78.99.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, Calypso Macro Investment Fund declined 47 cents and ended at $22.68 in switching ownership of 63 stocks, Endeavour Holdings remained at $14.75 and closed with an exchange of 8 units, First Citizens Group ended at $50 after a transfer of 541 shares. FirstCaribbean International Bank remained at $7.05 with 1,726 stocks clearing the market, GraceKennedy slipped 5 cents to close at $4.10 in an exchange of 4,110 shares, Massy Holdings dipped 5 cents to $4.40 after 18,181 stocks passed through the market. National Enterprises ended at $3.75 after an exchange of 50,530 units, National Flour Mills remained at $2 after 100 stock units crossed the market, One Caribbean Media ended at $3.45 while exchanging 420 shares. Prestige Holdings rallied $1.20 to close at a 52 weeks’ high of $10.50 after trading of 90 units, Republic Financial increased 68 cents to $119.68, with 729 stock units changing hands, Scotiabank fell 50 cents to close at $68.50 in trading 117 stock units. Trinidad & Tobago NGL ended at $10 after 20,031 shares passed through the market, Trinidad Cement dropped 15 cents to end at $3.10 with investors dealing in 100 stock units, Unilever Caribbean remained at $11.93, with 41 units crossing the exchange and West Indian Tobacco popped 25 cents to $9 with traders dealing in 220 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.