Stocks rise in Trinidad on low trading

Investors’ interest remained low keyed in trading on the Trinidad and Tobago Stock Exchange on Friday, even as the volume of stocks traded rose 194 percent with an 11 percent increased value compared to Thursday resulting in 19 securities trading up from 15 on Thursday and ending with prices of seven stocks rising, five declining and seven remaining unchanged.
The market closed with an exchange of 255,819 shares for $838,815 up from 86,938 stock units at $752,643 on Thursday.
An average of 13,464 shares were traded at $44,148 compared to 5,796 units at $50,176 on Thursday, with trading the month to date averaging 17,024 shares at $157,041 compared with 17,574 units at $174,482 on the previous day and an average for April of 17,642 shares at $178,724.
The Composite Index rose 2.56 points to close at 1,163.43, the All T&T Index gained 6.34 points to 1,761.38, the SME Index remained at 78.90 and the Cross-Listed Index shed 0.21 points to 73.28.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s sank 28 cents to end at $68.75 with an exchange of 879 shares, Angostura Holdings ended at $20 and closed with an exchange of 12 stocks, Ansa McAl advanced $2 to close at $59 with traders dealing in just 4 units. Ansa Merchant Bank remained at $45 in an exchange of 1,690 stock units, First Citizens Group shed 10 cents in closing at $47.40 with investors trading 1,254 shares, FirstCaribbean International Bank rose 3 cents to finish at $6.93, with 435 stock units crossing the market. GraceKennedy ended at $3.90 with investors dealing in 10,325 stocks, Guardian Holdings lost 1 cent to end at $17.50 with a transfer of 1,165 units, JMMB Group slipped 5 cents to end at $1.35 after an exchange of 170,749 stocks. Massy Holdings climbed 5 cents in closing at $4.24 in trading 7,811 shares, National Enterprises remained at $3.70 after a transfer of 1,366 stock units, National Flour Mills increased 6 cents to finish at $2 with investors swapping 1,301 units. NCB Financial ended at $2.70 with 50,988 shares clearing the market, One Caribbean Media popped 20 cents to $3.70 as investors exchanged 2,700 stock units, Prestige Holdings rallied $1.68 in closing at a 52 weeks’ high of $12.91 after trading 770 stocks. Republic Financial remained at $117.97, with 865 units changing hands, Scotiabank gained $1.25 to close at $67.50, with 300 shares passing through the exchange, Trinidad & Tobago NGL ended at $7.95 with investors trading 2,405 stock units and West Indian Tobacco fell 1 cent to $9.99 after an exchange of 800 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.