Stock market trading drops in Trinidad

Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 75 percent with the value 44 percent lower than on Wednesday resulting in the trading of 15 securities compared with 18 on Wednesday, with five stocks rising, five declining and five remaining unchanged.
Investors exchanged 121,807 shares for $1,864,928 down from 494,821 units at $3,334,424 on Wednesday.
An average of 8,120 units were traded at $124,329 compared to 27,490 shares at $185,246 on Wednesday, with trading month to date averaging 16,883 shares at $159,946 compared with 18,590 units at $166,885 on the previous day, in comparison the average trade for November amounted to 19,241 shares at $227,402.
The Composite Index slipped 0.46 points to close at 1,177.60, the All T&T Index skidded 1.10 points to finish at 1,771.68, the SME Index remained unchanged at 71.95 and the Cross-Listed Index popped 0.03 points to end at 75.84.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $68.50 after an exchange of 313 stock units, Angostura Holdings dipped 1 cent to $19.99 with a transfer of 1,256 shares, Calypso Macro Investment Fund popped 1 cent to end at $22.76 in trading 501 stocks. First Citizens Group fell 15 cents to end at $49.01 with investors transferring 5,022 units, FirstCaribbean International Bank ended at $7, with 8,450 stocks changing hands, GraceKennedy popped 3 cents to $4.03 after 21,591 shares passed through the market. Massy Holdings shed 1 cent and ended at $4.44 with an exchange of 17,713 units, National Enterprises ended at $3.55 crossing the market with 957 stock units, National Flour Mills remained at $1.72 with traders dealing in 900 shares. Prestige Holdings dropped 10 cents in closing at $9.30 in an exchange of 47,450 stocks, Republic Financial climbed 50 cents to $121 crossing the market 6,724 units, Scotiabank rose 17 cents to close at $69.97 with stakeholders exchanging 30 stock units. Trinidad & Tobago NGL lost 1 cent in closing at $10.50 after an exchange of 4,900 shares, Trinidad Cement gained 5 cents and ended at $2.95, with 5,000 stocks crossing the exchange and Unilever Caribbean remained at $11 with shareholders swapping 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.