Trading dives on Trinidad stock market


Following the introduction of an hour extension of trading on the Trinidad and Tobago Stock Exchange on Wednesday, trading dived on Thursday, with the volume of stocks traded declining 56 percent valued 68 percent less than on the previous day, resulting from trading in 23 securities compared with 21 on Wednesday and ending with prices of five rising, nine declining and nine ended firm.

The market closed with trading of just 288,037 shares for $1,742,438 compared to 656,990 stock units at $5,425,096 on Wednesday.
An average of 12,523 shares were traded, valued at $75,758, down from 31,285 units at $258,338 on Wednesday, with trading month to date averaging 33,475 shares at $121,255, compared with 35,458 units at $125,562 on the previous day and an average for January of 19,192 shares at $97,440.
The Composite Index declined by 3.33 points to finish at 943.53, the All T&T Index shed 5.43 points to end at 1,360.89, the SME Index remained at 92.68 and the Cross-Listed Index lost 0.15 points to wrap up trading at 69.53.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini remained at $60 with an exchange of 5 shares, Ansa McAl popped $1.55 to $39 and closed with an exchange of 839 stocks, Ansa Merchant Bank declined by $3.41 to close at a 52 weeks low of $20.59 with investors trading 31 shares. AS Bryden fell 15 cents and ended at $1.50 in an exchange of 5,562 units, CIBC Caribbean Bank ended at $8.30, after trading of 13 stock units, Eric Solis Marketing remained at $3.91 after an exchange of 7 shares. First Citizens Group gained 6 cents to $39.91 with investors swapping 1,146 units, GraceKennedy slipped 1 cent to finish at a 52 weeks low of $3.38 after a transfer of 7,410 stocks, Guardian Media lost 5 cents and ended at 63 cents with investors dealing in only one stock unit. JMMB Group ended at 80 cents as 29,645 shares passed through the market, Massy Holdings fell 4 cents to close at $3.55 in trading 95,031 units, National Enterprises remained at $2.42 with 32,148 stocks crossing the exchange. National Flour Mills rose 5 cents to $1.50 in switching ownership of 33,546 stock units, NCB Financial ended at $1.97, with 20,000 shares clearing the market, One Caribbean Media climbed 3 cents and ended at $1.35 with a transfer of 902 units. Point Lisas ended at $5 after 1,657 stocks crossed the market, Prestige Holdings shed 24 cents in closing at $12.25 after an exchange of 1,158 stock units, Republic Financial increased $1.25 to end at $105.75 with 4,602 shares changing hands. Scotiabank remained at $45.75 in an exchange of 9,028 stock units, Trinidad & Tobago NGL sank 20 cents to finish at $5.50 crossing the market 20,700 stocks, Trinidad Cement ended at $1.94 with investors trading three stock units. Unilever Caribbean skidded 1 cent to end at $15.23 following trading of only two stock units and West Indian Tobacco dipped 1 cent in closing at $2.60 as investors exchanged 24,601 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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