Trading dropped on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 76 percent, with 12 percent lower value than on Monday, resulting in 16 securities trading compared with 23 on Monday and ending with prices of just three stocks rising, six declining and seven ending firm.
The market closed with trading of 60,377 shares worth $1,303,992 compared to 246,778 stock units at $1,482,109 on Monday.
An average of 3,774 shares were traded at $81,499 compared with an average of 10,729 stock units at $64,440 on Monday. Trading month to date averages 12,680 shares at $113,450 compared to 13,042 units at $114,748 on the previous day and an average of 14,083 shares worth $118,753 for June.
The Composite Index skidded 3.23 points to conclude trading at 1,012.35, the All T&T Index dipped 4.66 points to close at 1,444.51, the SME Index remained unchanged at 76.48 and the Cross-Listed Index shed 0.24 points to end at 77.04.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and only one with a lower offer.
At the close of on a day of sub-par trading, Agostini ended at $57.45 in switching ownership of 503 stock units, Ansa McAl remained at $46, with 76 shares changing hands, Ansa Merchant Bank remained at $28.35 with a transfer of 74 stocks. CIBC Caribbean Bank dipped 5 cents in closing at $7.55 after an exchange of 26,981 units, First Citizens Group ended at $39.70 with investors swapping 1,654 shares, Guardian Holdings lost 1 cent to finish at $16.40, with 130 units crossing the exchange. Massy Holdings dipped 3 cents and ended at $3.59 after a transfer of 2,989 stocks, National Enterprises ended at $4.70 with investors dealing in 11,115 stock units, National Flour Mills remained at $1.55 after an exchange of 4,487 shares. NCB Financial rose 5 cents to end at $3.25 after just 3 stock units crossed the market, Prestige Holdings shed 31 cents to finish at $12.99 with an exchange of 3 stocks,
Republic Financial declined 15 cents to close at $108.85, with 8,045 units crossing the market. Scotiabank remained at $45.48 after an exchange of 246 shares, Trinidad & Tobago NGL gained 3 cents and ended at $10.28 with investors trading 3,500 stocks, Unilever Caribbean popped 5 cents to close at $14.45 after an exchange of 455 units and West Indian Tobacco fell 2 cents to end at $4.20 in trading 116 stock units.
Closing prices of securities are those of the last transaction.