Stocks continue to rise on the Trinidad and Tobago Stock Exchange on Wednesday, pushing the market indices higher and stretching gains enjoyed over the previous two days for a third day as rising stocks beat decliners 5 to 2, with the number of active securities climbing to 18 from 11 on Tuesday, with reduced value and volume than Tuesday’s levels.
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.
The average trade amounts to 13,048 units at $186,809 versus an average of 49,264 units at $529,400 on Tuesday. Month to date averaged 21,235 shares at $304,882 compared to 23,254 units at $333,996 on Tuesday. November closed with an average of 12,529 shares for $181,770.
The T&T Composite Index advanced by 3.48 points to 1,296.05, the All T&T Index climbed 6.51 points to 1,731.60, while the Cross Listed Index added 0.06 points to close at 116.58.
Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and five with lower offers.
Stocks rising│ Grace Kennedy gained 5 cents to close at $3.70after trading 65,996 shares, Point Lisas settled at $3.14, after gaining 2 cents transferring 3,000 units. Trinidad Cement rose 24 cents to end at $2.35, with 13,000 stock units changing hands, Trinidad and Tobago NGL finished 50 cents higher at $15, in trading 47,626 shares and West Indian Tobacco added 40 cents after exchanging 34,570 shares to close at $35.40.
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 trading firm│ Agostini’s closed at $24.49, in exchanging 20 units, Ansa McAL traded 17 shares at $52, Clico Investment Fund exchanged 19,284 stock units at $25.25, First Caribbean International Bank held at $7.05, with 1,510 units changing hands. Massy Holdings saw a transfer of 2,027 units at $57, One Caribbean Media traded 20,900 stock units at $4.80, NCB Financial Group closed at $8.05 in exchanging 6,150 shares. National Enterprises closed at $3, with a transfer of 61 stocks, Republic Financial Holdings ended at $133.05, with a transfer of 1,159 units, Scotiabank exchanged 3,795 shares at $55.49 and Unilever Caribbean ended at $16.70 trading 103 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 11 securities trading, the same as on Monday and resulted in 541,911 shares trading for $5,823,399 compared to 296,689 shares valued at $1,223,272 on Monday.
Stocks declining│Clico Investment Fund, the sole stock to decline, shed 25 cents exchanging 2,452 units to settle at $25.25.
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.
Trinidad and Tobago NGL closed at a 52 weeks’ lows of $14.50, after losing 10 cents trading 10,145 stock units and Unilever Caribbean lost 9 cents to finish at a 52 weeks’ low of $16.70, with 299 units changing hands.
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.
With the sharp fall in the price of Republic, the T&T Composite Index declined 8.19 points to 1,281.45, the All T&T Index dived 16.26 points to 1,710.45, while the Cross Listed Index remained unchanged at 115.25.
Stocks declining│Ansa McAL lost 2 cents exchanging 25,200 shares to end at $48.48, Clico Investments closed 5 cents lower at $25 trading 46,827 shares, Republic Financial Holdings declined by $6.24, with 1,642 units changing hands, to close at $132.76 and Scotiabank shed 25 cents to end at $54.10, with 525 units crossing the market.
Stocks declining│ Ansa McAL shed 50 cents to close at $48.50, trading 2,021 units, Massy Holdings dropped 37 cents to $57, after exchanging 55 units, NCB Financial Group lost 9 cents trading 450 units to finish at $7.90. National Enterprises declined 45 cents to a 52 weeks’ low of $3.40, in trading 100 units, Republic Financial Holdings dropped $1 to end at $139, with 370 units changing hands and Trinidad Cement closed 10 cents lower at $2.10, in trading 2,862 units.
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.
Stocks trading firm│CinemaOne exchanged 150 units at $4, Clico Investments closed at $25, in transferring 836 units, First Caribbean International Bank traded 20 units at $7.04. First Citizens Bank ended at $43.50, with an exchange of 2,990 stock units, Grace Kennedy closed at $3.65, with 57,006 shares crossing the market, Guardian Media traded 200 units at $4.25. One Caribbean Media held firm at $4.85, with a transfer of 90 units, Prestige Holdings exchanged 20 units at $7.25, Scotiabank held firm at $54.35, with 277 units changing hands. Trinidad Cement ended at $2.06, transferring 4,063 stock units and Unilever Caribbean closed at 16.80, with an exchange of 100 units.