Trading activities continue to remain soft on the Trinidad and Tobago Stock Exchange resulted in an exchange of 81 percent fewer shares and an 85 percent fall in value on Wednesday compared to Tuesday, with the primary indices declining.
The market closed with 13 securities trading, up from twelve on Tuesday, and closed with one stock advancing, four declining and eight remaining unchanged. Trading ended, with 98,120 shares for $2,086,202 changing hands, compared to 505,169 shares valued $13,850,155 on Tuesday.
The average trade for the day amounted to 7,548 units at $160,477 versus an average of 42,097 units at $1,154,180 for each security on Tuesday. The average trade for October to date is 15,718 shares at $265.026 compared to 16,164 units at $270,737 on Tuesday and is much higher than, September’s average of 12,021 shares for $174,137.
The T&T Composite Index declined by 5.78 points to 1,303.24, to be down 11.2 percent for the year to date. The All T&T Index is down 20 percent for the year to date after dropping 6.94 points on Wednesday to 1,751.77, while the Cross Listed Index shed 0.63 points to close at 115.52.
The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling price and nine with lower offers.
Stocks rising│ Trinidad and Tobago NGL gained 8 cents trading 5,057 shares to settle at $14.83.
Stocks declining│First Citizens Bank fell by $2 to $43, with 6,881 stock units crossing the market, Guardian Holdings lost 5 cents to finish at $19.05, after exchanging 11,305 stock units,
Grace Kennedy slipped 14 cents to $3.56, with a transfer of 334 units and NCB Financial Group closed 5 cents lower at $7.95, in trading 31,000 shares.
Stocks trading firm│ Clico Investments transferred 9,008 stock units at $25.20, JMMB Group held firm at $1.80, with 10,784 stock units crossing the market, Massy Holdings traded 9,463 stock units at $58. National Enterprises exchanged 3,606 units at $3.92, One Caribbean Media closed at $4.80, with a transfer of 2,261 units, Scotiabank ended at $55.45, in exchanging 7,184 units. Trinidad Cement traded 280 units at $2.10 and West Indian Tobacco remained at $33, with 957 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended, with 505,169 shares for $13,850,155 passing through the market, compared to 59,653 shares at $587,579 on Monday from 12 securities changing hands, down from fifteen on Monday, leading to four stocks advancing, two declining and six remaining unchanged.
Stocks declining│ Clico Investments lost 10 cents trading 409,642 shares to end at $25.20 and Massy Holdings fell by $1 to $58, with a transfer of 36,539 shares.
Trading resulted in 59,653 shares for $587,579 compared to 49,373 shares for $239,933 on Friday. The market closed on Monday with 15 securities changing hands compared with just seven on Friday, resulting in four stocks advancing, four declining and only seven remaining unchanged.
Trinidad & Tobago NGL traded 8,134 shares after falling 26 cents to end at $14.75 and West Indian Tobacco lost 44 cents to close at $33 with 1,110 stock units changing hands.
The market closed with 14 securities trading, similar to Wednesday, and closed with five stocks advancing, three declining and six remaining unchanged. Trading resulted in 552,641 shares for $9,388,509 compared to 199,471 shares valued $8,074,531 on Wednesday.
Stocks declining│First Citizens Bank slipped 50 cents to $44.50, after exchanging 799 units, Guardian Holdings lost 9 cents to finish at $19.10, in transferring 296,363 shares, with a value of $5,663,064 and Grace Kennedy ended at $3.55, with a loss of 5 cents trading 30,000 shares.
Trinidad and Tobago NGL closed 5 cents higher at $15 after exchanging 41,771 shares and Unilever Caribbean rose 15 cents to settle at $16.95, with a transfer of just 5 units.
The market closed with 13 securities trading, up from twelve on Monday and closed with one stock advancing, three declining and nine remaining unchanged. Trading resulted in 34,476 shares changing hands for $642,275 compared to 57,704 shares valued $1,530,562 on Monday.
JMMB Group ended 4 cents lower at $1.75 after exchanging 1,190 units and Scotiabank lost 10 cents to finish at $55, in transferring 1,732 shares.
Stocks declining|Trinidad and Tobago NGL shed 5 cents and closed at $14.95, in the trading of 7,353 stock units, Trinidad Cement ended 5 cents lower at $2 in an exchange of 25 units and Unilever Caribbean lost 17 cents to close at $16.80 with 300 shares changing hands.
The market has lost nearly 10 percent in value for October to date, with daily declines except for miniscule rises on October 7th and 13th.
Stocks rising│ Calypso Macro Index Fund, the sole stock to advance, closed at $13.95, with gains of 20 cents trading 1,000 shares.
One Caribbean Media shed 10 cents to finish at 52 weeks’ low of $$4.80, with 4,763 stock units changing hands.
The market closed with 12 securities trading, up from ten on Tuesday, and closed with two stocks advancing, four declining and six remaining unchanged. Trading resulted in 50,648 shares for $1,054,449 compared to 67,001 shares valued $1,193,207 on Tuesday.
National Flour lost 1 cent trading 8,333 stock units to close at $1.90 and West Indian Tobacco finished at $33.50, after losing 27 cents in transferring 644 units.