Spike in trading activity pushes Trinidad stocks to record high

Trading took a big leap forward on Thursday as the volume of stocks exchanged surged 2,530 percent above the 227,809 units at $3,415,464 on Wednesday to 5,990,305 shares valued 423 percent more at $17,772,507 at the close of the Trinidad and Tobago Stock Exchange.
At the close of the market, 19 securities traded compared to 17 on Wednesday, with four rising, eight declining and seven remaining unchanged. The Composite Index popped 1.51 points to a record close of 1,525.38, the All T&T Index popped 2.81 points to end at a record high of 2,137.81 and the Cross-Listed Index inched 0.02 points higher to 121.94.
An average of 315,279 units traded at $935,395 compared to 13,401 at $200,910 on Wednesday, with trading month to date averaging 68,831 units at $315,141 versus 35,384 units at $230,963. The average trade for December amounts to 21,703 units at $306,768.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Agostini’s rallied $1 in closing at a 52 weeks’ high of $38.50 after trading 5,868 shares, Angostura Holdings remained at $20, with an exchange of 31,966 stocks, Ansa McAl rose 49 cents to close at $59.99, with 820 units crossing the exchange. Ansa Merchant Bank popped 40 cents to end at a 52 weeks’ high of $43.50, with 1,180 stock units clearing the market, Clico Investment Fund finished unchanged at $30 in trading 10,377 shares, First Citizens Group declined 24 cents to $66.75 in exchange of 58 units. FirstCaribbean International Bank ended at $6.1 after 31,662 stock units crossed the market, GraceKennedy shed 4 cents to close at $6.16 in exchanging 102,614 stocks, Guardian Media finished unchanged at $3.15 while trading 100,000 shares. JMMB Group ended at $2.30 in switching ownership of 4,783,185 stock units, Massy Holdings lost 25 cents to close at $106 with an exchange of 1,431 units, National Flour Mills remained at $1.95, with 5,768 stocks changing hands. NCB Financial Group finished trading 99,013 stock units at $8, One Caribbean Media dropped 24 cents in ending at $4.20 after 4,968 units changed hands, Point Lisas fell 37 cents to $3.25 after exchanging 770,759 shares. Scotiabank dropped $4.70 to close at $70.25 with the swapping of 567 stocks, Trinidad & Tobago NGL advanced 79 cents in closing at $19.60 in an exchange of 11,097 stocks, Unilever Caribbean lost 15 cents to end at $16 after exchanging 19,017 stock units and West Indian Tobacco fell 27 cents ending at a 52 weeks’ low of $28.11 trading 9,955 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.