The volume of stocks trading on the Trinidad and Tobago Exchange plunged on Thursday by 71 percent compared to Wednesday as the number of securities trading fell by nearly a half leading to a 56 percent decline in the value changing hands.
The market closed with nine securities trading, down from sixteen on Wednesday, and ended with two stocks advancing, three declining and four remaining unchanged. Trading resulted in 129,140 shares for $2,841,182 compared to 444,318 shares valued $6,527,739 on Wednesday.
The average trade amounts to 14,349 units at $315,687 versus an average of 27,770 units at $407,984 for each security on Wednesday. Month to date averaged 16,334 shares at $305,410 compared to 16,972 units at $302,107 on Wednesday. November closed with an average of 12,529 shares for $181,770.
The T&T Composite Index lost 031 points to close at 1,296.30, the All T&T Index shed 0.62 points to 1,728.39, while the Cross Listed Index remained unchanged at 116.85.
Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and five with lower offers.
Stocks rising│ Guardian Holdings rose 60 cents to close at $21, exchanging 36,448 shares and West Indian Tobacco gained 28 cents to end at $33.50, after trading 52,205 shares.
Stocks declining│Calypso Macro Index Fund lost 5 cents exchanging 500 units to settle at $14, National Enterprises finished 20 cents lower at a 52 weeks’ low of $3, in trading 7,000 stock units and Republic Financial Holdings was down 2 cents in closing at $133.01, after transferring 265 units.
Stocks trading firm│ Clico Investment Fund traded 8,170 stock units at $25.50, JMMB Group held firm at $1.80, with 8,224 stock units crossing the market, L.J. Williams B share closed at $1.39 trading 5,000 stock units and One Caribbean Media exchanged 11,328 shares at $4.80.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Scotiabank fell $1 to 54, in exchange for 436 units and Trinidad and Tobago NGL declined by $1.63 to close at a 52 weeks’ low of $14.25, in transferring 476 units.
Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
Trinidad and Tobago NGL closed at a 52 weeks’ lows of $14.50, after losing 10 cents trading 10,145 stock units and Unilever Caribbean lost 9 cents to finish at a 52 weeks’ low of $16.70, with 299 units changing hands.
Stocks declining│ Prestige Holdings shed 25 cents to $7.25, with an exchange of 25 units and Republic Financial Holdings slipped 1 cent trading 22 units to finish at $135.99.
The market closed with 14 securities trading, up from twelve on Friday, and ended with four stocks advancing, six declining and four remaining unchanged. Trading resulted in 382,748 shares for $1,536,872.54 compared to 172,050 shares valued $3,148,874 on Friday.
First Citizens Bank fell 25 cents to $43.25, trading 2,694 stock units. JMMB Group lost 3 cents to close at $1.72, with an exchange of 340,668 shares, National Enterprises lost 1 cent to finish at $3.39 and exchanging 1,000 units and Unilever Caribbean ended at $16.79, after losing 1 cent trading 100 shares.
Stocks declining│Ansa McAL lost 2 cents exchanging 25,200 shares to end at $48.48, Clico Investments closed 5 cents lower at $25 trading 46,827 shares, Republic Financial Holdings declined by $6.24, with 1,642 units changing hands, to close at $132.76 and Scotiabank shed 25 cents to end at $54.10, with 525 units crossing the market.
Stocks declining│First Citizens Bank finished at $43.39, with a loss of 11 cents trading 65 units, L.J. Williams B share shed 17 cents exchanging 500 units to settle at $1.23 and Prestige Holdings closed at $7.40, after losing 10 cents, with 586 units changing hands.
The market closed with 15 securities trading, up from sixteen on Monday, and ended with four stocks advancing, four declining and seven remaining unchanged. Trading resulted in 287,597 shares for $3,642,409 compared to 171,072 shares valued $3,576,359 on Monday.
Stocks declining│ Angostura Holdings shed 30 cents trading 120 units to close at $16, Grace Kennedy ended at $3.60, with a loss of 5 cents transferring 72,309 shares, Point Lisas slipped 15 cents to $3, with 25,000 shares changing hands and Trinidad and Tobago NGL lost 35 cents to close at $14.65, after exchanging 1,136 stock units.
Stocks declining│ Ansa McAL shed 50 cents to close at $48.50, trading 2,021 units, Massy Holdings dropped 37 cents to $57, after exchanging 55 units, NCB Financial Group lost 9 cents trading 450 units to finish at $7.90. National Enterprises declined 45 cents to a 52 weeks’ low of $3.40, in trading 100 units, Republic Financial Holdings dropped $1 to end at $139, with 370 units changing hands and Trinidad Cement closed 10 cents lower at $2.10, in trading 2,862 units.