Investors pulled money away from trading stocks on the Trinidad and Tobago Stock Exchange on Friday, resulting in a steep 82 percent fall in the volume of stocks traded with a 90 percent lower value than on Thursday resulting in 20 securities trading compared with 22 on Thursday and ending with prices of six stocks rising, four declining and 10 ended firm.
The market closed with a mere 72,614 shares being traded for just $484,805, down from 398,160 stock units at $4,658,562 on Thursday. At the close of the market, an average of 3,631 shares were exchanged at $24,240 well below the 18,098 units at $211,753 on Thursday. Trading for the month to date averaged 20,771 shares at $98,722 compared with 25,403 units at $118,857 on Thursday, compared to an average for January of 17,669 shares for $153,409.
The Composite Index declined 3.38 points to settle at 1,063.35, the All T&T Index dropped 1.74 points to end trading at 1,571.75, the SME Index remained unchanged at 96.65 and the Cross-Listed Index declined 0.72 points to settle at 72.68.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.At the close of trading, Agostini’s gained 50 cents to end at $68.50 after a transfer of just 7 stock units, Angostura Holdings rose 50 cents in closing at $14.50 with 136 shares crossing the market, Ansa McAl dropped 30 cents to $59.50 with traders dealing in 111 stock units. Calypso Macro Investment Fund ended at $23.75 after an exchange of 11 units, CIBC Caribbean Bank remained at $7.80 in switching ownership of 917 stocks, CinemaOne ended at $5.50 with investors swapping 5 units. Eric Solis Marketing fell 5 cents to $4.20 in an exchange of a mere 2 shares, First Citizens Group remained at $42.10 with investors trading 2,222 stock units and Guardian Holdings rallied 15 cents to end at $15 after 16 shares passed through the market. Massy Holdings declined 5 cents and ended at $3.90 in an exchange of 60,726 stock units, National Enterprises popped 3 cents to close at $2.72 with investors dealing in 90 stocks, National Flour Mills remained at $1.69 after an exchange of 25 units.
NCB Financial ended at $2.39 in trading 209 shares, One Caribbean Media ended at $2.85 after an exchange of 370 units, Prestige Holdings remained at $10.75 with a transfer of 940 stocks. Republic Financial ended at $113.31 with 746 stocks changing hands, Scotiabank advanced 19 cents to close at $56 with 282 shares crossing the exchange, Trinidad & Tobago NGL remained at $4.65 after trading 5,000 units. Unilever Caribbean shed 39 cents to finish at $10.80 with 122 stocks clearing the market and West Indian Tobacco increased 10 cents to finish at $5.39 with an exchange of 677 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.