Rising prices had the upper hand at the close of trading closed on the Trinidad and Tobago Exchange on Thursday with double-digit gains in the two main market indices after an exchange of 11 times the number of shares crossing through the Wednesday with the value climbing 150 percent.
The market closed with 10 securities changing hands, the same as on Wednesday, and ended with five stocks advancing, four declining and one remaining unchanged. Trading resulted in 389,550 shares for $3,244,441 compared to 33,817 shares valued $1,298,830 on Wednesday.
The average trade amounts to 38,955 units at $324,444 versus an average of 3,382 units at $129,883 on Wednesday. Month to date averages 15,950 shares at $253,720 compared to 14,556 units at $249,434 on Wednesday. November averaged 18,691 shares for $276,188.
The T&T Composite Index jumped 17.54 points to 1,318.59, the All T&T Index climbed 10.74 points to 1,743.15, while the Cross Listed Index advanced by 3.33 points to close at 120.92.
Investor’s Choice bid-offer indicator ended with bids of four stocks higher than their last selling prices and four with lower offers.
Stocks rising│ First Citizens Bank climbed $3 to $44, in exchanging 4,502 shares, JMMB Group gained 15 cents to end at $2, after trading 142,000 units, NCB Financial Group closed 40 cents higher at $8.50, with 70,000 shares crossing the market.
National Enterprises picked up 5 cents, transferring 117,000 stock units to finish at $3.05 and Trinidad and Tobago NGL rose $1.89 to $16.50, with 11,550 units changing hands.
Stocks declining│ Clico Investment Fund slipped 25 cents to $25, after trading 24,855 shares, Massy Holdings, declined by $1.98 to $58, in transferring 120 units, Republic Financial Holdings lost 35 cents to close at $133.50, after exchanging 1,115 shares and Scotiabank fell by $1.65 to $54.35, with 13,408 stock units crossing the market.
Stocks trading firm|Agostini’s, the sole stock trading unchanged, ended at $24 after a transfer of 5,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with three stocks advancing, one declining and six remaining unchanged. Trading resulted in just 33,817 shares for $1,298,830 compared to 205,282 shares valued $6,797,836 on Tuesday.
Stocks declining│Trinidad and Tobago NGL, the sole stock declining, with a loss of 2 cents in ending at $14.61 after an exchange of 750 units.
JMMB Group lost 5 cents to finish at $1.85 after 39,200 shares changed hands and Republic Financial Holdings lost 1 cent to settle at $133.85, trading 13,654 stock units.
The market closed with 18 securities trading, up from eleven on Tuesday, and ended with five stocks advancing, two declining and eleven remaining unchanged. Trading resulted in an exchange of 57 percent fewer shares at 42 percent less value compared to Tuesday as 234,857 shares traded at $3,362,566 compared to 541,911 shares valued at $5,823,399 on Tuesday.
Stocks declining│First Citizens Bank lost 10 cents trading 239 units at $43.90 and JMMB Group ended 2 cents lower at $1.83, with 15,400 stock units crossing the market.
Stocks declining│Grace Kennedy, the sole stock to decline, with a loss of 4 cents to end at $3.65 with 6,523 stock units crossing the market.
Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
Ansa Merchant Bank jumped $3.11 on the news of its intention to acquire all the shares in Bank of Baroda (Trinidad and Tobago).
Stocks declining│ Guardian Holdings shed 10 cents to finish at $20.40, in transferring 1,000 shares, One Caribbean Media lost 2 cents trading 4,651 stock units at $4.80 and Republic Financial Holdings declined by $3 to $133, with an exchange of 950 units.
One Caribbean Media lost 3 cents trading 2,000 units to close at $4.82, Republic Financial Holdings declined by $2.50 to settle at $136, in transferring 1,390 units. Scotiabank slipped 25 cents to $54, in exchanging 10,000 stock units, Trinidad and Tobago NGL lost 50 cents to a 52 weeks’ low of $14.50 trading 3,310 units and West Indian Tobacco fell 94 cents to $32.50, with 3,959 units changing hands.
First Citizens Bank fell 25 cents to $43.25, trading 2,694 stock units. JMMB Group lost 3 cents to close at $1.72, with an exchange of 340,668 shares, National Enterprises lost 1 cent to finish at $3.39 and exchanging 1,000 units and Unilever Caribbean ended at $16.79, after losing 1 cent trading 100 shares.
Massy Holdings declined by $1.13 to close at $57.37, with an exchange of a mere 17 units, Scotiabank ended at 52 weeks’ low of $54, after losing 35 cents transferring 225 units and Trinidad and Tobago NGL lost 10 cents trading 9,804 shares to settle at $14.65.