Trading remained light on the Trinidad and Tobago Stock Exchange on Thursday, with a 43 percent fall in the volume of stocks traded accompanied by a 57 percent lower value than on Wednesday and resulting in just 10 securities trading, down from 19 on Wednesday and ending with three stocks rising, two declining and five remaining unchanged.
Investors exchanged 246,775 shares for $1,839,912 compared to 431,015 stock units at $4,256,102 on Wednesday.
An average of 24,678 shares were traded at $183,991 compared to 22,685 units at $224,005 on Wednesday, with trading month to date averaging 16,903 units at $184,750 compared with 16,614 units at $184,775 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index advanced 3.88 points to close at 1,212.02, the All T&T Index climbed 6.72 points to finish at 1,853.46, the SME Index remained unchanged at 70.47 and the Cross-Listed Index rose 0.12 points to 73.58.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa McAl ended at $57, with 2,052 shares changing hands, First Citizens Group closed at $49.10 with 4,496 stocks being traded, FirstCaribbean International Bank ended at $7 after an exchange of 22,726 units. Guardian Holdings remained at $19.10 in trading 370 stock units,
JMMB Group popped 2 cents in closing at $1.40 with an exchange of 189,286 stocks, Massy Holdings advanced 9 cents to $4.84 with a transfer of 9,394 stock units. Republic Financial skidded $1.50 and ended at $121.50 with investors transferring 906 shares, Scotiabank climbed $1.25 to close at $72.75 in switching ownership of 11,445 units. Trinidad & Tobago NGL ended at $12.95, with 5,900 stocks crossing the market and West Indian Tobacco slipped 1 cent in closing at $10.20 with traders dealing in 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad Stock Exchange
Trading down, prices up on Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded dropping 53 percent with the value moderately lower than on Tuesday, resulting in 19 securities trading up from 17 on Tuesday and ended with prices of 10 stocks rising, four declining and five remaining unchanged.
Investors exchanged 431,015 shares for $4,256,102 down from 914,841 stock units at $4,448,880 on Tuesday.
An average of 22,685 units were traded at $224,005 compared to 53,814 shares at $261,699 on Tuesday, with trading month to date averaging 16,614 shares at $184,775 compared with 16,153 units at $181,798 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index advanced 5.05 points to finish at 1,208.14, the All T&T Index rallied 8.29 points to end at 1,846.74, the SME Index remained unchanged at 70.47 and the Cross-Listed Index rallied 0.22 points to settle at 73.46.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $67, with 8,428 shares clearing the market, Angostura Holdings gained 3 cents to end at $22.99, with 12,500 stocks changing hands, Ansa McAl rose 10 cents to close at $57 after 867 units passed through the market. Ansa Merchant Bank climbed 30 cents and ended at $42.50 with 2,152 stock units crossing the exchange, Calypso Macro Investment Fund advanced $2.55 to $25.05 with a transfer of 95 shares, Endeavour Holdings ended at $13 in an exchange of 489 stocks. First Citizens Group gained 10 cents and ended at $49.10, with 7,237 units crossing the market, FirstCaribbean International Bank ended at $7 with an exchange of 11,207 stock units, GraceKennedy lost 1 cent in closing at $3.29 after 600 stock units changed hands, Guardian Holdings rallied 10 cents to end at $19.10 with stakeholders exchanging 5,309 stocks, 
JMMB Group popped 3 cents to $1.38 and closed after 9 units were traded, Massy Holdings dipped 10 cents to $4.75 while exchanging 257,792 shares, National Enterprises closed trading at $3.55 with investors swapping 99,245 units, NCB Financial inched 1 cent higher in closing at $2.90 in an exchange of 12,054 shares, Prestige Holdings ended at $7.95 after investors ended trading of just 62 stock units, Republic Financial rallied $3 to $123 after an exchange of 4,587 stocks, Scotiabank shed 50 cents to close at $71.50 with investors dealing in 6,860 shares, Trinidad & Tobago NGL fell 4 cents to $12.95 as investors exchanged 820 units and West Indian Tobacco popped 1 cent to $10.21 after a transfer of 702 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Republic sinks Trinidad exchange
Republic Financial dropped $5, to close at a new 52 weeks’ low in trading on the Trinidad and Tobago Stock Exchange on Tuesday, and was the major factor pulling the overall market down following a 1,001 percent surge in the volume of stocks traded, with the value jumping 205 percent over Monday and resulting in 17 securities trading down from 21 on Monday, with prices of five rising, seven declining and five remaining unchanged.
Investors exchanged 914,841 shares for $4,448,880 up from 83,098 stock units at $1,457,421 on Monday.
An average of 53,814 shares were traded at $261,699 compared to a mere 3,957 units at $69,401 on Monday, with trading month to date averaging 16,153 shares at $181,798 compared with 13,405 units at $175,958 on the previous day. The average trade for August was 4,526 shares at $195,195.
The Composite Index shed 6.92 points to end at 1,203.09, the All T&T Index dived 16.42 points to 1,838.45, the SME Index popped 4.09 points to close at 70.47 and the Cross-Listed Index popped 0.46 points to concluded trading at 73.24.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, 
Agostini’s ended at $67 after 3,212 shares passed through the market, Angostura Holdings lost 3 cents in closing at $22.96 while exchanging 139 stocks, Ansa McAl dipped 10 cents to $56.90 in switching ownership of 17 units, Ansa Merchant Bank slipped 1 cent to $42.20, with 528 stocks changing hands. Endeavour Holdings gained $1 to close at $13, with 51 stock units crossing the market, First Citizens Group closed at $49 with trading in 2,420 units, FirstCaribbean International Bank ended at $7 with an exchange of 31,454 stocks, GraceKennedy rose 13 cents to $3.30 after 419,248 shares crossed the exchange. JMMB Group declined 4 cents in closing at $1.35 with shareholders swapping 63 stocks, 
Massy Holdings shed 12 cents to close at $4.85 in an exchange of 42,164 stock units, National Enterprises rallied 5 cents to close at $3.55 after an exchange of 376,154 units, NCB Financial climbed 4 cents and ended at $2.89 after an exchanging of 16,925 shares. Prestige Holdings ended at $7.95, with 8,591 units crossing the market, Republic Financial skidded $5 to close at a 52 weeks’ low of $120 with 536 shares clearing the market, Scotiabank popped 10 cents to end at $72 with a transfer of 10,107 stock units, Trinidad & Tobago NGL remained at $12.99 with an exchange of 1,000 stocks and West Indian Tobacco dipped 11 cents and ended at $10.20 after a transfer of 2,232 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for TTSE but dark clouds are visible
Winning and losing stocks shared honours at the end of trading on the Trinidad and Tobago Stock Exchange on Friday, but dark clouds are visible with a negative Investor’s Choice bid-offer indicator reading after trading took place with 21 securities, up from 13 on Thursday, with prices of eight rising, eight declining and five remaining unchanged as the volume of stocks traded rose marginally over that on Thursday accompanied by a 66 percent lower value.
Investors exchanged 516,842 shares for $3,479,185 compared to 514,144 stocks at $10,312,415 on Thursday.
An average of 24,612 shares were traded at $165,675 compared with 39,550 units at $793,263 on Thursday. For the month to date, the average trade was 14,341 shares at $186,512 compared to 13,211 units at 188,806, the previous day. The average trade for August was 14,526 shares at $195,195.
The Composite Index increased 2.82 points to 1,208.04, the All T&T Index rallied 6.25 points to finish at 1,851.53, the SME Index remained at 66.38 and the Cross-Listed Index shed 0.12 points to 72.71.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
In closing, Angostura Holdings rallied 4 cents to $22.99 with a transfer of 20 shares, Ansa McAl advanced $2.95 to $57 with shareholders swapping 529 stocks, Ansa Merchant Bank popped 1 cent to end at $42.21 with investors trading 100 stocks, Calypso Macro Investment Fund closed at $22.50 in trading 1,013 units. First Citizens shed 1 cent to close at $49, in trading 539 shares, FirstCaribbean International Bank ended at $7 with 15,800 stocks changing hands, GraceKennedy rose 2 cents to $3.17 with investors trading in 81,000 stock units, Guardian Holdings lost 50 cents to close at $19 after 1,582 shares were traded. JMMB Group skidded 3 cents to close at $1.32 with an exchange of 1,000 stocks, L.J. Williams B share fell 6 cents and ended at $2.49 after the swapping of 10 stock units, Massy Holdings climbed 12 cents and ended at $5 after 308,464 units passed through the market, National Enterprises declined 7 cents to close at $3.58 after 52,961 shares crossed the market. 
National Flour Mills ended at $1.53 in switching ownership of 2,500 stock units, Point Lisas dipped 5 cents to $3.55 in an exchange of 193 shares, Prestige Holdings rallied 9 cents to end at $7.95 with traders dealing in 10,000 stocks, Republic Financial gained 99 cents in closing at $124.99, with 1,227 units clearing the market. Scotiabank ended at $72 in an exchange of 9,587 stocks, Trinidad & Tobago NGL dipped 15 cents to close at $12.85 after 3,990 units were traded, Trinidad Cement slipped 3 cents to $3.15 while exchanging 10 stock units, Unilever Caribbean rallied 1 cent to $12 as investors traded 10,574 shares and West Indian Tobacco remained at $10.31 in trading 15,743 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Guardian climbs TT$1, Scotia 99 cents
Guardian Holdings rallied $1 followed by Scotiabank with a 99 cents rise in trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, a day when the volume of stocks traded climbed 128 percent, with the value 136 percent more than on Tuesday and resulting in 23 securities trading compared with 17 on Tuesday, with prices of five stocks rising, six declining and 12 ending unchanged.
Investors traded 336,364 shares for $4,389,046 compared to 147,835 stock units at $1,859,999 on Tuesday.
An average of 14,625 units were traded at $190,828 compared to 8,696 shares at $109,412 on Tuesday, with trading month to date averaging 11,288 shares at $144,664, up from 10,793 units at $137,814 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index dipped 0.90 points to 1,203.28, the All T&T Index shed 1.75 points to 1,834.30, the SME Index remained at 66.38 and the Cross-Listed Index closed firm at 73.91.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $67 after investors ended trading 95 shares, Angostura Holdings ended at $20.05 after an exchange of 290 units, Ansa McAl remained at $54.05, with 194 stocks crossing the market, Ansa Merchant Bank ended at $42.20 as investors exchanged 49,822 stock units. First Citizens closed at $49.01 with stakeholders trading 846 shares, FirstCaribbean International Bank ended at $7 with 20,000 stock units being traded, 
GraceKennedy closd at $3.27 in an exchange of 1,600 units, Guardian Holdings rallied $1 to close at $20 with 12 stocks changing hands. Guardian Media ended at $2 in switching owners of 127 stocks, JMMB Group popped 1 cent in closing at $1.35 after 193,158 stock units passed through the market, L.J. Williams B share gained 5 cents and ended at $2.55 with traders dealing in 10 stock units, Massy Holdings remained at $4.79 after 7,623 shares changed hands. National Enterprises skidded 14 cents to close at $3.59 after a transfer of 500 stocks, National Flour Mills ended at $1.53 with a transfer of 230 units, NCB Financial closed at $3 with shareholders swapping 15,871 shares, One Caribbean Media dipped 15 cents to $3.60 while exchanging 4,410 stock units. 
Point Lisas fell 33 cents to $3.07 with investors trading 1,085 stock units, Prestige Holdings fell 12 cents to end at $7.86 after 1,391 stocks changed hands, Republic Financial shed 25 cents to end at $125, with 8,835 shares changing hands, Scotiabank climbed 99 cents in closing at $73, with 3,370 units crossing the market. Trinidad & Tobago NGL popped 50 cents and ended at $13.50 after 26,580 units passed through the exchange, Unilever Caribbean remained at $11.99 after exchanging 20 stock units and West Indian Tobacco dipped 19 cents to $10.31 with investors dealing in 295 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks edged out decliners on TTSE
Rising stocks beetle decline in stocks 4 to 3 at the end of trading on the Trinidad and Tobago Stock Exchange on Monday, the market indices moved moderately at the close despite a rise of 191 percent in the volume of stocks traded with the value 158 percent more than on Friday and resulted in 21 securities trading up from 19 on Friday and ended with prices of four stocks rising, three declining and 14 remaining unchanged.
Investors exchanged 189,857 shares for $2,257,685, up sharply from 65,236 stock units at $876,597 on Friday.
An average of 9,041 units were traded at $107,509 compared with 3,433 shares at $46,137 on Friday. Trading for the month to date averaged 11,051 shares at $141,315 compared to 11,412 stock units at $147,381 on the previous trading day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index climbed 0.86 points to settle at 1,198.73, while the All T&T Index slipped 0.34 points to 1,826.88, the SME Index remained at 66.38 and the Cross-Listed Index popped 0.30 points higher to end at 73.70.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $67 in switching ownership of 59 shares, Angostura Holdings advanced 5 cents in closing at $20.05 after 170 stocks passed through the market, Ansa McAl ended at $53 with 576 units being traded, Ansa Merchant Bank ended at $42.20 with investors transferring 120 stock units. First Citizens Group fell 6 cents to $49, with an exchange of 1,413 stocks, FirstCaribbean International Bank remained at $7 with 11,360 shares crossing the market, GraceKennedy ended at $3.30 after 102,782 stock units were traded, Guardian Holdings ended at $19 with investors dealing in 3,627 units. Guardian Media remained at $2 after an exchange of 591 shares, JMMB Group rallied 2 cents to end at $1.28 in an exchange of 15,250 stock units, L.J. Williams B share ended at $2.56 with 10 stocks being traded, Massy Holdings rose 2 cents to close at $4.65 with traders dealing in 8,591 units. 
National Enterprises remained at $3.73 in an exchange of 10,015 stocks, National Flour Mills ended at $1.53 with investors trading 7,135 units, One Caribbean Media closed at $3.82 with 400 shares changing hands, Point Lisas ended the trading of 1,050 units at $3.40, Republic Financial popped 25 cents to $125.25 after a transfer of 3,036 shares. Scotiabank skidded 69 cents in closing at $72.50, with 14,379 stocks clearing the market, Trinidad & Tobago NGL remained at $13 with a transfer of 6,414 units, Unilever Caribbean ended at $11.90 after exchanging 2,750 stock units and West Indian Tobacco fell 40 cents and ended at a 52 weeks’ low of $10.10 with an exchange of 129 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the Trinidad Exchange
Trading plunged on Friday with a 78 percent drop in the volume of stocks traded, valued 80 percent less than Thursday’s trade on the Trinidad and Tobago Stock Exchange, with an exchange of just 65,236 shares for $876,597, down from 301,395 stock units at $4,488,620, from trading in 19 securities as was the case on Thursday.
The market closed with seven stocks rising, four declining and eight ending unchanged.
An average of 3,433 shares were traded at $46,137 compared with 15,863 units at $236,243 on Thursday, with trading month to date averaging 11,412 shares at $147,381 compared with 12,958 units at $167,009 on the previous day. The average trade for August ended at 14,526 shares at $195,195.
The Composite Index fell 2.18 points to 1,197.87, the All T&T Index dropped 3.73 points to 1,827.22, the SME Index ended at 66.38 and the Cross-Listed Index slipped 0.07 points to close at 73.40.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $67 in trading 50 shares, Angostura Holdings ended trading of 8,000 units at $20, Ansa Merchant Bank declined $2.30 in closing at $42.20 after exchanging 1,028 stock units, First Citizens Group popped 6 cents and ended at $49.06 with traders dealing in 180 stocks. FirstCaribbean International Bank popped 1 cent to close at $7 with 3,202 units being traded, Guardian Holdings ended trading at $19, with 7,180 stocks crossing the market, Guardian Media ended at $2 in an exchange of 500 stock units, JMMB Group rose 1 cent to $1.26 with investors dealing in 1,500 shares. L.J. Williams B share ended at $2.56, with 1,760 shares crossing the market, Massy Holdings advanced 1 cent to end at $4.63 after an exchange of 5,709 units, National Enterprises gained 20 cents to close at $3.73 with shareholders swapping 4,952 stock units, 
National Flour Mills fell 11 cents to $1.53, with 1,168 stocks crossing the exchange. Point Lisas rallied 15 cents and ended at $3.40 with a transfer of 7 shares, Prestige Holdings remained at $7.93 in an exchange of 192 units, Republic Financial ended with a transfer of 443 stocks at $125, Scotiabank dipped 6 cents in closing at $73.19 while exchanging 261 stock units. Trinidad & Tobago NGL ended at $13, with 26,159 stocks changing hands, Unilever Caribbean rose 30 cents to $11.90 with investors trading 1,063 stock units and West Indian Tobacco lost 5 cents to end at a 52 weeks’ low of $10.50 as investors exchanged 1,882 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More fall for Trinidad Exchange
Trading picked up on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising 187 percent and the value 331 percent more than on Wednesday resulting in 19 securities trading compared with 20 on Wednesday, with four stocks rising, eight declining and seven remaining unchanged, leading to a continuing fall in the market indices, for the month.
Investors exchanged 301,395 shares for $4,488,620 versus 104,956 stock units at $1,041,674 on Wednesday.
An average of 15,863 shares were traded at $236,243 compared with 5,248 units at $52,084 on Wednesday, with trading month to date averaging 12,958 shares at $167,009 compared to 12,260 units at $150,359 on the previous day. The average trade in August amounts to 14,526 shares at $195,195.
The Composite Index shed 6.12 points to end at 1,200.05, the All T&T Index fell 14.08 points to 1,830.95, the SME Index remained at 66.38 and the Cross-Listed Index added 0.34 points to finish at 73.47.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $67 after an exchange of 36 shares, Angostura Holdings dipped $2.95 in closing at $20 in trading 1,642 stock units, Ansa McAl fell $1.05 and ended at $53 with investors exchanging 650 stocks, Calypso Macro Investment Fund ended at $22.50 with 206 units changing hands. First Citizens Group shed 24 cents to end at $49, with trading of 5,234 units, FirstCaribbean International Bank increased 2 cents to close at $6.99, with 1,000 stocks clearing the market, GraceKennedy gained 10 cents to end at $3.30 with an exchange of 8,828 shares, Guardian Holdings ended at $19, with 147,011 stocks crossing the market. JMMB Group declined 7 cents and ended at a 52 weeks’ low of $1.25 after trading 8,864 stocks, Massy Holdings advanced 6 cents in closing at $4.62 in trading of 107,817 units, 
National Enterprises lost 20 cents and ended at $3.53 after 34 shares passed through the market, National Flour Mills popped 1 cent higher in closing at $1.64 with traders dealing in 240 stock units. NCB Financial remained at $3 after an exchange of 4,634 units, Point Lisas ended at $3.25 with an exchange of 5 stocks, Prestige Holdings ended at $7.93 with 1,000 shares being traded, Republic Financial skidded $1 to end at $125 in an exchange of 2,950 stock units. Scotiabank remained at $73.25 and closed with an exchange of 4,691 units, Trinidad & Tobago NGL dropped 98 cents to close at $13 with investors transferring 6,543 shares and Trinidad Cement skidded 2 cents to close at $3.18 with a transfer of 10 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives in Trinidad
Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with a 70 percent decline in the volume of stocks traded following an 81 percent drop in value compared to Tuesday and resulting in trading in 20 securities similar to Tuesday and ended with the prices of three stocks rising, nine declining and eight remaining unchanged.
Investors exchanged 104,956 shares for $1,041,674 compared to 346,444 stock units at $5,524,348 on Tuesday.
An average of 5,248 shares were traded at $52,084 compared to 17,322 units at $276,217 on Tuesday. Trading for the month to date averages 12,260 stock units at $150,359 compared with 14,637 units at $183,676 on the previous day. The average trade for August ended at 14,526 shares at $195,195.
The Composite Index fell 6.26 points to 1,206.17, the All T&T Index shed 7.48 points to end at 1,845.03, the SME Index lost 3.57 points to close at 66.38 and the Cross-Listed Index dipped 0.69 points to 73.13.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $67 with traders dealing in 30 shares, Ansa Merchant Bank ended at $44.50 in swapping 33 stocks, Calypso Macro Investment Fund ended at $22.50 with investors exchanging 3 stock units, Endeavour Holdings fell $1 to close at $12 with an exchange of 600 units. First Citizens Group rallied 24 cents to $49.24 after 953 shares were traded, FirstCaribbean International Bank fell 2 cents to $6.97 with 1,001 units being traded, GraceKennedy slipped 10 cents and ended at $3.20 with 15,000 stocks clearing the market, Guardian Holdings shed 50 cents in closing at $19 with 1,000 stock units being traded. JMMB Group ended at $1.32 with shareholders swapping 873 stocks, Massy Holdings dropped 3 cents to end at $4.56, with 35,013 shares crossing the market, National Enterprises remained at $3.73 in an exchange of 524 units, National Flour Mills lost 1 cent to close at $1.63, with 4,609 stock units crossing the market. One Caribbean Media slipped 1 cent to end at $3.82 after a transfer of 576 stock units, 
Point Lisas shed 15 cents to close at $3.25 as investors exchanged 2,386 stocks, Prestige Holdings ended at $7.93 with investors dealing in 684 units, Republic Financial rose $1 to $126 while investors exchanged 342 shares. Scotiabank shed $1.20 and ended at $73.25 with a transfer of 2,549 shares, Trinidad & Tobago NGL rose 98 cents to $13.98 with an exchange of 30,564 units, Unilever Caribbean ended at $11.60 with 1,298 stocks being traded and West Indian Tobacco ended at $10.55 with 6,918 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
One great Studio IPO allocations
Allocation of ordinary shares in the public offer of 338,627,439 shares in One Great Studio Company Limited that was oversubscribed, has been determined.
According to Barita Investments, brokers for the issue, all applicants in the One Great Studio Team Members and Key Strategic Partners will get full the amounts applied for and General Public the first 20,000 shares applied for and approximately 34.09 percent of the balance.
Applications that were only accepted in part will be refunded the balance of their subscription monies as per the Prospectus, the release stated. The release states that they will now proceed to apply for a listing of its Ordinary Shares on the Junior Market of the Jamaica Stock Exchange, that will bring the total listings on the market to 49.
The level of oversubscription was not stated, but the level of allocation suggests that it was not one of the hot issues as a result, there is unlikely to be any sort term bounce of note, in the early days after the shares are listed.
