Surge in trading on Trinidad Exchange

Trading jumped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with a 1,097 percent rise in the volume of stocks traded after a 960 percent jump in the funds chasing stocks more than on Wednesday, resulting in 19 securities trading down from 22 on Wednesday, with prices of four stocks rising, six declining and nine remaining unchanged.
Investors traded 10,104,029 shares at $50,843,921 in comparison to 844,243 stocks at $4,798,090 on Wednesday.
An average of 531,791 shares were exchanged for $2,675,996, compared with 38,375 stock units at $218,095 on Wednesday. Trading month to date averaged 50,156 shares at $368,675 up from 14,128 units at $196,076 on the previous day. The average trade for June amounts to 23,515 shares at $224,325.
The Composite Index rose 5.62 points to 1,243.67, the All T&T Index rallied 10.68 points to 1,901.21, the SME Index remained at 70.30 and the Cross-Listed Index inched 0.03 points higher to 75.58.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68.50 following an exchange of 1,344 shares, Angostura Holdings lost 30 cents in ending at $23.20 while exchanging 7 units, Ansa McAl advanced 50 cents in closing at $52.50 with stakeholders trading 1,606 stocks. Ansa Merchant Bank remained at $47, 8 stock units with crossing the exchange, Calypso Macro Investment Fund fell 30 cents to close at $21.50 with investors trading 398 units, First Citizens Group ended at $49 in an exchange of 4,989 stock units. GraceKennedy remained at $3.43, with 211,287 stocks clearing the market, Guardian Holdings popped 64 cents to $18.65, with 15,538 shares changing hands, JMMB Group remained at $1.35 as investors exchanged 506,000 units. Massy Holdings ended at $4.98 and closed after 8,848,507 stock units passed through the market, National Enterprises dipped 1 cent to $4.14 with a transfer of 10,000 shares, One Caribbean Media popped 1 cent in closing at $3.83 in switching ownership of 400,741 stocks. Point Lisas dipped 5 cents to $3.30 in trading 30,500 units, Prestige Holdings ended at $7.97 as 32,529 shares passed through the market, Republic Financial increased $1.16 to close at $129 after an exchange of 12,865 stocks. Scotiabank shed 10 cents in ending at $75.50 after exchanging 6,645 stock units, Trinidad & Tobago NGL declined 10 cents to end at $17.90 with investors trading 20,938 shares, Unilever Caribbean remained at $12.19 in an exchange of 27 stock units and West Indian Tobacco ended at $11.50, with 100 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.