Stocks mostly gained at the close of the Trinidad and Tobago Stock Exchange on Thursday, after a 33 percent fall in the volume of stocks traded with a 61 percent lower value Wednesday resulting in 14 securities trading, down from a paltry 16 on Wednesday and ending with prices of nine stocks rising, three declining and two ending firm.
The market closed with trading of 258,779 shares valued at $882,403 compared to 384,442 stock units at $2,240,253 on Wednesday. An average of 18,484 shares were traded at $63,029 compared with 24,028 stock units at $140,016 on Wednesday, with trading month to date averaging 26,054 shares at $178,322 compared with 26,364 units at $183,054 on the previous day and an average for October of 39,057 shares at $305,306.
The Composite Index fell 1.68 points to end at 1,052.96, the All T&T Index slipped 3.65 points to close at 1,560.93, the SME Index remained at 88.01 and the Cross-Listed Index advanced 0.06 points to finish at 71.30.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At close of the penultimate trading day for November, Agostini’s rallied 3 cents and ended at $62.48 with investors swapping 107 stocks, Ansa McAl increased $3.43 to close at a 52 weeks’ high of $67 after an exchange of 14 stock units, Calypso Macro Investment Fund dipped 2 cents to end at $23.65 with investors dealing in 33 shares. First Citizens Group climbed 40 cents in closing at $40.50 after a transfer of 1,838 stock units, JMMB Group popped 1 cent to close at $1.10 as investors exchanged 43,923 shares, Massy Holdings sank 15 cents to finish at $3.69 in trading 151,760 units. National Enterprises gained 7 cents and ended at $2.75 after closing with 24,881 stocks changing hands, NCB Financial ended at $2.30 in an exchange of 30,000 stock units, Republic Financial rose $1 to end at $113.50 with trading of 147 shares. Scotiabank advanced $1.80 in closing at $56.50 with a transfer of 43 stock units, Trinidad & Tobago NGL popped 5 cents to close at $4.70 after an exchange of 350 units, Trinidad Cement remained at $2.31 with 2,250 stock units crossing the market. Unilever Caribbean rallied 10 cents to $11.25 in an exchange of 100 shares and West Indian Tobacco skidded 55 cents to close at a 52 weeks’ low of $5 with 3,333 units clearing the market.
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.