The Trinidad and Tobago Stock Exchange suffered a sharp reversal in the value and volume of stocks traded on Thursday, with the number of stocks traded declining by 81 percent with a 78 percent lower value than on the previous day resulting from trading in 21 securities compared with 20 on Wednesday and ending with prices of six rising, eight declining and seven ended firm.
The market closed with trading of 924,439 shares worth $6,935,695, down sharply 4,842,914 stock units at $31,641,002 on Wednesday.
An average of 44,021 shares were traded at $330,271 compared with 242,146 units valued $1,582,050 on Wednesday, with trading for the month to date averaging 47,045 shares at $405,037 compared with 47,499 units at $416,251 on the previous day and an average for August of 59,000 shares at $327,034.
The Composite Index declined 8.25 points to conclude trading at 984.69, the All T&T Index dipped 4.64 points to 1,423.64, the SME Index climbed 1.47 points to 100.67 and the Cross-Listed Index slipped 1.72 points to settle at 72.09.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of a subdued trading session, Agostini rose $1.75 in closing at $68.75, with just 5 shares crossing the market, Ansa McAl remained at $43 after an exchange of a mere one stock unit, CIBC Caribbean Bank declined 35 cents to end at $8.50 with 67,166 shares clearing the market . Endeavour Holdings rose 50 cents to close at $19.50 after a transfer of 200 stocks, Eric Solis Marketing ended at $4 with investors trading 12 stock units, First Citizens Group fell $1 to finish at $39, with market 3,113 shares crossing the exchange. GraceKennedy slipped 3 cents to a 52 week low of $3.60 as investors exchanged 20,000 units, Guardian Holdings remained at $15.48 after closing with 2,548 stocks being traded, JMMB Group popped 4 cents in closing at $1.04 with an exchange of just one stock unit. L.J. Williams B share ended at $1.15 after the trading of 1,964 shares, Massy Holdings remained at $3.90, with 435,536 units crossing the exchange, Medcorp sank $2.50 to close at $49.50 with investors trading 20 stocks. National Enterprises rallied 4 cents to $2.16 in an exchange of 31,910 stock units,
National Flour Mills ended at $1.61 with investors swapping 5,003 shares, NCB Financial shed 3 cents to end at a 52 week low of $1.90 in switching ownership of 286,000 units. Republic Financial ended at $107 with investors dealing in 33,335 stocks, Scotiabank sank 25 cents to close at $48.75 in an exchange of 1,325 stock units, Trinidad & Tobago NGL skidded 1 cent to finish at a 52 week low of $2.99, 18,361 shares changing hands. Trinidad Cement lost 10 cents to end a 52 week low of $1.90 in trading 310 units, Unilever Caribbean increased 40 cents to close at $14.40 after an exchange of 4,000 stocks and West Indian Tobacco climbed 4 cents to end at $4 with a transfer of 13,629 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.