Stocks ended with mixed results on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 92 percent with the value 35 percent lower than on Friday, resulting in 18 securities trading compared with 20 on Friday and ending with prices of seven stocks rising, seven declining and four ended firm.
The market closed with trading of a mere 75,943 shares with a value of $3,380,447, compared with 992,658 stocks at $5,202,86 on Friday. At the close, an average of 4,219 shares were traded at $187,803 compared with 49,633 stock units at $260,143 on Friday, with trading month to date averaging 26,984 shares at $173,098 compared with 28,387 units at $172,193 on the prior trading day and an average for October that finished with 39,057 shares at $305,306.
The Composite Index skidded 3.97 points to 1,050.09, the All T&T Index slipped 0.30 points to end at 1,569.57, the SME Index remained at 88.01 and the Cross-Listed Index dipped 1.11 points to settle at 69.17.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Ansa McAl declined 17 cents to finish at $59.83 in an exchange of 2,595 shares, Ansa Merchant Bank remained at $40 with investors swapping 100 stocks, Calypso Macro Investment Fund lost 7 cents to end at $23.60 after a transfer of 1,000 shares. CIBC Caribbean Bank fell 25 cents in closing at $7.25 with traders dealing in 175 stock units, First Citizens Group popped 1 cent to end at $40.41 after 660 shares passed through the market, GraceKennedy added 1 cent to close at $3.60 after an exchange of 300 units. Massy Holdings dropped 7 cents to $3.93 with 29,385 stocks crossing the market, National Enterprises ended at $2.75 with an exchange of 117 stock units, NCB Financial gained 5 cents and ended at $2.30 with 185 shares changing hands. One Caribbean Media shed 18 cents to close at $2.81 with investors trading 125 stocks, Point Lisas rose 5 cents to end at $3.20 after an exchange of 10 units, Prestige Holdings remained at $11.30 with a transfer of 515 stock units.
Republic Financial advanced $3 to $115 in the trading of 25,386 shares, Scotiabank sank 40 cents in closing at $56.35 in switching ownership of 995 stock units, Trinidad & Tobago NGL skidded 5 cents to end at $4.65 with investors trading 12,305 units. Trinidad Cement rallied 1 cent to finish at $2.31 with 50 stocks clearing the market, Unilever Caribbean climbed 15 cents and ended at $11.15 in trading 1,000 units and West Indian Tobacco ended at $5.55 after an exchange of 1,040 stocks.
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.
In the preference segment, Eppley 7.75% preference share shed $2.57 to finish at $20.20 with 221 stocks clearing the market.
In the preference segment, Eppley 7.75% preference share advanced $5.60 to end at $22.77 with a transfer of 87 stocks, Jamaica Public Service 9.5% gained $204.99 to end at $2,889.99 in an exchange of just 3 units and 138 Student Living preference share popped 42 cents to finish at $236.42 with traders dealing in 50 stock units.