Declining stocks overwhelmed trading on the Trinidad and Tobago Stock Exchange on Tuesday, following a sharp rise in the value and volume of stocks traded, as investors exchanged 294 percent more shares with a value 105 percent more than on Monday and resulting in trading in 19 securities compared with 18 on Monday, with 12 declining, four gaining and only three remaining unchanged.
Investors exchanged 199,128 shares for $1,237,033 up from 50,591 stock units at $603,565 on Monday.
An average of 10,480 stock units were traded at $65,107 compared to just 2,811 shares at $33,531 on Monday, with trading month to date averaging 16,722 shares at $231,238 compared with 17,250 units at $245,266 on the previous day and contrast with an average trade for October amounting to 15,711 shares at $151,451.
The Composite Index dipped 1.67 points to settle at 1,203.98, the All T&T Index skidded 1.21 points to cease trading at 1,815.23, the SME Index dipped 8.28 points to end the day at 71.71 and the Cross-Listed Index shed 0.30 points to conclude trading at 76.98.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped 5 cents in closing at $68.45 with a transfer of 12 stock units, Angostura Holdings lost 9 cents to end at $22.16 with500 shares, crossing the market, Calypso Macro Investment Fund dropped 75 cents to close at $22.75 in an exchange of 171 stock units. Endeavour Holdings fell $1.74 to end at $13.26 with shareholders dealing in 25 stocks, First Citizens Group shed 1 cent to close at $49.10 after 2,020 shares crossed the exchange, FirstCaribbean International Bank remained at $7 with investors swapping 3,280 units. GraceKennedy declined 10 cents to $3.65 while exchanging 33,156 stocks, L.J. Williams B share skidded 15 cents in closing at $2.25 with an exchange of just one stock unit, Massy Holdings rose 8 cents and ended at $4.40 with an exchange of 3,783 shares. National Enterprises fell 1 cent to end at $3.54, with 55,401 stock units clearing the market, National Flour Mills rallied 7 cents to $1.70 with stakeholders exchanging 36,932 stocks, One Caribbean Media popped 2 cents and ended at $3.52 after 1,000 units passed through the market. Prestige Holdings dipped 1 cent to close at $11.38 after exchanging 7 stocks, Republic Financial lost 8 cents in closing at $122.50 following 317 units crossing the market, Scotiabank gained $1 to end at $71 as investors exchanged 131 shares. Trinidad & Tobago NGL skidded 36 cents in closing at $11 after investors ended trading 334 stock units, Trinidad Cement ended at $2.86 with investors transferring 3,266 shares, Unilever Caribbean remained at $11, with 52,800 stocks changing hands and West Indian Tobacco shed 4 cents and ended at a 52 weeks’ low of $9.55 with traders dealing in 5,992 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.