The Trinidad and Tobago Stock Exchange closed higher on Friday, trading 18 securities up from 14 on Thursday and ending with prices of seven stocks rising, nine declining and two ending firm, following a big jump in Agostini’s share price and 64 percent decline in the volume of stocks traded valued 32 percent less than Thursday.
The market closed with trading of 92,455 shares with valued $603,956 compared to 258,779 stock units at $882,403 on Thursday. At close an average of 5,136 shares were traded at $33,553 compared to 18,484 units at $63,029 on Thursday, with trading month to date, averaging 25,044 shares at $171,335 compared with 26,054 stock units at $178,322 on the previous day and an average for October than ended with 39,057 shares at $305,306.
The Composite Index climbed 6.88 points to 1,059.84, the All T&T Index gained 2.91 points to 1,563.84, the SME Index remained unchanged at 88.01 and the Cross-Listed Index increased 1.56 points to close trading at 72.86.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Agostini’s rose $1.52 in closing at $64 crossing the market 121 shares, Angostura Holdings dipped 10 cents to $14.85 with traders dealing in 325 stocks, Calypso Macro Investment Fund fell 5 cents to end at $23.60 with 1,267 shares changing hands. CIBC Caribbean Bank climbed 25 cents and ended at $7.90 after closing with an exchange of 2,170 stock units, First Citizens Group slipped 10 cents to finish at $40.40 as investors traded 1,537 shares, GraceKennedy popped 11 cents to close at $3.70 after transferring of 14,440 stocks. Guardian Holdings advanced 11 cents to $13.75 after the trading of 5,415 units, JMMB Group lost 3 cents and ended at a 52 weeks’ low of $1.07 with an exchange of 7,110 stock units, L.J. Williams B share shed 1 cent to end at a 52 weeks’ low of 79 cents with 2,067 shares crossing the market. Massy Holdings increased 15 cents in closing at $3.84 with a transfer of 1,907 stock units, National Enterprises rallied 5 cents to finish at $2.80 after an exchange of 1,580 stocks,
Prestige Holdings ended at $11.30 with investors dealing in 2,271 units. Republic Financial declined 51 cents to $112.99 after an exchange of 1,162 stocks, Scotiabank sank 55 cents and ended at $55.95 with investors trading 262 shares, Trinidad & Tobago NGL dropped 5 cents in closing at $4.65 with 6,738 stocks changing hands. Trinidad Cement remained at $2.31 after 38,600 stock units passed through the market, Unilever Caribbean sank 5 cents to $11.20 with 2,433 stocks crossing the exchange and West Indian Tobacco gained 50 cents to end at $5.50 with investors trading 3,050 shares.
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.