Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Wednesday, but the market indices jumped as Ansa McAl and CIBC Caribbean Bank rose appreciably, following a 60 percent rise in the volume of stocks traded, with a 66 percent drop in value from that on Tuesday resulting from trading of 16 securities compared with 15 on Tuesday and ending with prices of four rising, seven declining and five ending firm.
The market closed with trading of 384,442 shares valued at $2,240,253 compared with 240,875 stock units at $6,520,236 on Tuesday and ended with an average of 24,028 shares at $140,016 compared with 16,058 units at $434,682 on Tuesday. Trading for the month to date averaged 26,364 shares at $183,054 compared with 26,479 units at $185,173 on the prior day and an average of 39,057 shares at $305,306 for October.
The Composite Index rose 11.20 points to end at 1,054.64, the All T&T Index popped 9.06 points to cease trading at 1,564.58, the SME Index remained unchanged at 88.01 and the Cross-Listed Index gained 1.89 points to close at 71.24.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings skidded 5 cents to finish at $14.95 as investors exchanged 1,456 shares, Ansa McAl gained $3.77 and ended at a 52 weeks’ high of $63.57 after 13,461 stock units passed through the market, CIBC Caribbean Bank popped 40 cents to $7.65 in an exchange of 298 stocks. Endeavour Holdings sank $1 in closing at $17 with investors trading 75 stock units, First Citizens Group slipped 29 cents to close at $40.10 with 490 shares clearing the market, GraceKennedy slipped 1 cent to end at $3.59 with a transfer of 31,000 stock units. L.J. Williams B share shed 2 cents to close at a 52 weeks’ low of 80 cents with 11,000 stocks crossing the exchange, Massy Holdings ended at $3.84 in switching ownership of 68,834 units, National Enterprises lost 7 cents and ended at $2.68, with 105 shares changing hands.
NCB Financial remained at $2.30 after a transfer of 188,500 stocks, Prestige Holdings climbed 29 cents to end at $11.30 with traders dealing in 153 units, Republic Financial dropped $1.50 in closing at $112.50 with 1,807 stocks passing through the market. Scotiabank rose 20 cents to $54.70 with investors trading 65 stock units, Trinidad & Tobago NGL remained at $4.65 with an exchange of 4,965 stocks, Unilever Caribbean ended at $11.15 with investors trading 756 shares and West Indian Tobacco ended at $5.55 with 1,477 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with prices of 11 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 9 rising and 11 declining.
Stocks that could gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 230 percent, the hugely undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.