Trading dives in Trinidad

Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with a 70 percent decline in the volume of stocks traded following an 81 percent drop in value compared to Tuesday and resulting in trading in 20 securities similar to Tuesday and ended with the prices of three stocks rising, nine declining and eight remaining unchanged.
Investors exchanged 104,956 shares for $1,041,674 compared to 346,444 stock units at $5,524,348 on Tuesday.
An average of 5,248 shares were traded at $52,084 compared to 17,322 units at $276,217 on Tuesday. Trading for the month to date averages 12,260 stock units at $150,359 compared with 14,637 units at $183,676 on the previous day. The average trade for August ended at 14,526 shares at $195,195.
The Composite Index fell 6.26 points to 1,206.17, the All T&T Index shed 7.48 points to end at 1,845.03, the SME Index lost 3.57 points to close at 66.38 and the Cross-Listed Index dipped 0.69 points to 73.13.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $67 with traders dealing in 30 shares, Ansa Merchant Bank ended at $44.50 in swapping 33 stocks, Calypso Macro Investment Fund ended at $22.50 with investors exchanging 3 stock units, Endeavour Holdings fell $1 to close at $12 with an exchange of 600 units. First Citizens Group rallied 24 cents to $49.24 after 953 shares were traded, FirstCaribbean International Bank fell 2 cents to $6.97 with 1,001 units being traded, GraceKennedy slipped 10 cents and ended at $3.20 with 15,000 stocks clearing the market, Guardian Holdings shed 50 cents in closing at $19 with 1,000 stock units being traded. JMMB Group ended at $1.32 with shareholders swapping 873 stocks, Massy Holdings dropped 3 cents to end at $4.56, with 35,013 shares crossing the market, National Enterprises remained at $3.73 in an exchange of 524 units, National Flour Mills lost 1 cent to close at $1.63, with 4,609 stock units crossing the market. One Caribbean Media slipped 1 cent to end at $3.82 after a transfer of 576 stock units, Point Lisas shed 15 cents to close at $3.25 as investors exchanged 2,386 stocks, Prestige Holdings ended at $7.93 with investors dealing in 684 units, Republic Financial rose $1 to $126 while investors exchanged 342 shares. Scotiabank shed $1.20 and ended at $73.25 with a transfer of 2,549 shares, Trinidad & Tobago NGL rose 98 cents to $13.98 with an exchange of 30,564 units, Unilever Caribbean ended at $11.60 with 1,298 stocks being traded and West Indian Tobacco ended at $10.55 with 6,918 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.