Trading drops on Trinidad Exchange

Trading dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 24 percent, with a 30 percent lower value than for the outturn on Tuesday, resulting in just 11 securities trading compared with 13 on Tuesday and ending with prices of only one stock rising, six declining and four ended firm.

The market closed with 368,863 shares trading for $1,621,840, compared with 483,026 stock units exchanging for $2,302,345 on Tuesday.

An average of 33,533 shares were traded at $147,440 compared with 37,156 stock units at $177,103 on Tuesday, with trading month to date averaging 47,551 shares at $318,627 compared with 48,422 units at $330,328 on the previous day and an average for September of 19,319 shares at $151,318.

The Composite Index slipped 1.29 points to end at 1,040.44, the All T&T Index declined 1.48 points to 1,557.48, the SME Index remained at 88.01 and the Cross-Listed Index dipped 0.15 points to close trading at 68.18.

Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.

At the close of market activities, Ansa McAl advanced $2.79 to finish at a 52 weeks’ high of $62.79 in trading 13 stock units, CinemaOne remained at $5.50 after 10 shares passed through the market, First Citizens Group fell 1 cent to $40.40 after an exchange of 3,870 stocks. GraceKennedy sank 5 cents in closing at $3.65 after investors ended trading 4,969 units, Massy Holdings ended at $3.55 with 301,168 shares changing hands, National Flour Mills shed 1 cent to close at $1.70 in an exchange of 2,012 units. NCB Financial sank 15 cents to a 52 weeks’ low of $2.15 with investors trading 30,413 stocks, Prestige Holdings remained at $10.50 with a transfer of 77 stock units, Republic Financial dipped 92 cents in closing at a 52 weeks’ low of $111 with 786 shares passing through the exchange. Scotiabank lost 40 cents to finish at $56 with investors trading 987 units and West Indian Tobacco ended at $6.51 after a transfer of 24,558 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.