Trading declined on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded dropping 81 percent, with 48 percent lower value than in market activity on Wednesday resulting in 13 securities trading the same as on Wednesday and ending with prices of six stocks rising, three declining and four ended firm.
The market closed with trading of 51,188 shares for $638,179 compared with 263,810 stock units at $1,218,422 on Wednesday.
An average of 3,938 shares were traded at $49,091 compared to 20,293 stock units at $93,725 on Wednesday. Trading month to date ended with an average of 18,958 shares at $153,480 down from 19,892 stock units at $159,973 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index gained 0.47 points to close at 1,053.96, the All T&T Index declined 0.10 points to 1,578.10, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.15 points to end at 69.01.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s dropped $1 in closing at $64 with 55 shares crossing the exchange, Ansa McAl increased 80 cents to $62.80 in trading 80 stocks, First Citizens Group slipped 1 cent to close at $40.94 after 3,833 shares passed through the market. GraceKennedy climbed by 5 cents to finish at $3.65 with investors trading 857 stock units, JMMB Group popped 5 cents and ended at $1.10 after an exchange of 26,497 shares, Massy Holdings advanced 8 cents to end at $3.60 with investors trading 12,818 units. National Enterprises remained at $3.05 after an exchange of 10 stocks, Point Lisas ended at $3.10 with investors dealing in 565 stock units, Prestige Holdings ended at $11 with 371 shares crossing the market. Republic Financial shed 1 cent in closing at $112 as investors exchanged 3,096 units, Scotiabank rose 10 cents to end at $53.65 with a transfer of 496 stocks, Trinidad & Tobago NGL rallied 40 cents to close at $5 with investors trading 1,000 stocks and West Indian Tobacco remained at $7.50 in an exchange of 1,510 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks beat losers on Trinidad Exchange
Slippage in stocks continued in Trinidad
Slippage in the Trinidad and Tobago Stock Exchange continued unabatedly last week with declining stocks outnumbering those rising and providing investors with an increasing array of more attractive investment choices.
During the past week, 8 stocks declined and 4 gained.
Last economic growth is being hobbled by declines in the petroleum sector that are partially countered by growth in the other sectors of the economy. Inflation remains contained at low levels and the monetary policy rate remains at 3.5 percent but net international reserves have declined.
Against the above, several companies are performing credibly, suggesting that the sell-off of stocks is overdone.
Trading dives on the Trinidad Exchange
The Trinidad and Tobago Stock Exchange closed higher on Wednesday, with the volume and value of stocks traded declining from that on Tuesday after a 69 percent plunge in the volume traded valued 76 percent less than on Tuesday, following trading in 13 securities compared with 16 on Tuesday and ending with prices of six stocks rising, four declining and three ended firm.
The market closed with 263,810 shares trading for $1,218,422, compared with 843,671 stock units for $5,077,375 on Tuesday.
An average of 20,293 shares were traded at $93,725 down from 52,729 stock units at $317,336 on Tuesday, with trading month to date averaging 19,892 shares at $159,973 compared to 19,865 stocks at $164,367 on the prior day and an average for August of 21,741 shares at $142,770.
The Composite Index gained 4.92 points to wrap up trading at 1,053.49, the All T&T Index rose 10.01 points to end at 1,578.20, the SME Index remained at 87.78 and the Cross-Listed Index slipped 0.07 points to 68.86.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $65 in switching ownership of 55 shares, Ansa McAl fell 50 cents to $62 as investors traded 120 stock units, First Citizens Group advanced 95 cents and ended at $40.95 in trading 725 shares. JMMB Group ended at $1.05 after an exchange of 45,130 stock units, Massy Holdings rose 2 cents to close at $3.52 with investors dealing in 141,673 shares, National Enterprises gained 5 cents to finish at $3.05 with 6,463 stocks crossing the market. NCB Financial popped 10 cents to $2.50 with investors trading 59,170 units, Prestige Holdings increased $1 to close at $11 after a transfer of 100 stock units, Republic Financial fell 9 cents to end at $112.01 after investors traded 1,604 shares. Scotiabank skidded 95 cents in closing at $53.55 with a transfer of 4,480 stock units, Trinidad & Tobago NGL climbed 5 cents and ended at $4.60 with 2,275 stock units crossing the market, Unilever Caribbean sank $1.15 to finish at a 52 weeks’ low of $10.25 with an exchange of 2,010 stocks and West Indian Tobacco ended at $7.50 after 5 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers batter winners on Trinidad Exchange
Declining stocks ended with the upper hand in trading on the Trinidad and Tobago Stock Exchange on Tuesday, with trading in 16 securities trading up from 15 on Monday and ending with prices of three stocks rising, six declining and seven ending firm, resulting from a 1,288 percent rise in the volume of stocks traded valued 610 percent more than on Monday.
The market closed with trading of 843,671 shares at $5,077,375 up from just 60,781 stock units at $714,952 on Monday.
An average of 52,729 shares were traded at $317,336 compared to 4,052 units at $47,663 on Monday, with trading for the month to date ending with an average of 19,865 shares at $164,367 compared with 16,944 stock units at $150,770 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index shed 11.65 points to end at 1,048.57, the All T&T Index dropped 19.13 points to conclude trading at 1,568.19, the SME Index remained at 87.78 and the Cross-Listed Index dipped 0.51 points to end the day at 68.93.
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, Agostini’s remained at $65 with 157 stock units crossing the market, Angostura Holdings ended at $17 after a transfer of 35,921 shares, Ansa McAl advanced $1 to end at $62.50 with 20,307 stock units crossing the exchange. Ansa Merchant Bank sank 30 cents in closing at $41.20 with 20 stocks changing hands, First Citizens Group declined $1.85 and ended at $40 with investors trading 400 shares, FirstCaribbean International Bank fell 10 cents to close at $6.90 with 10,008 stocks clearing the market. GraceKennedy sank 5 cents to $3.60 with investors trading 159,000 units, Guardian Holdings remained at $14 after an exchange of 800 stock units, JMMB Group ended at $1.05 after 1,036 shares changed hands. Massy Holdings remained at $3.50 with an exchange of 602,357 units, National Enterprises rose 5 cents and ended at $3 with investors trading 7,971 stocks, NCB Financial dipped 10 cents to $2.40 with 1,033 units passing through the market. Prestige Holdings dropped $1.44 to end at $10 after an exchange of 349 shares, Republic Financial gained 10 cents to close at $112.10 in trading 2,781 stock units, Scotiabank ended at $54.50 after 1,500 stocks were traded and Unilever Caribbean remained at $11.40 with investors dealing in 31 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.