Trading drops on Trinidad Exchange

Trading activity dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded falling 84 percent and the value sliding 65 percent compared to Tuesday, resulting in the trading of 18 securities compared with 22 on Tuesday, with prices of five stocks rising, two declining and 11 remaining unchanged.
Investors exchanged 92,529 shares for $2,243,065 down from 572,971 stock units at $6,448,918 on Tuesday. An average of 5,141 units were traded at $124.615 compared with 26,044 shares at $293,133 on Tuesday, with trading month to date averaging 16,862 valued at $197,293 compared with 21,885 shares at $228,451 on the previous day compared to the average trade for March of 23,611 shares at $241,670.
The Composite Index dipped 0.01 points to 1,309.83, the All T&T Index slipped 0.02 points to 1,969.32, the SME Index closed at 61.06 and the Cross-Listed Index at 84.55.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Citizens Group closed at $50.01, with 2,599 shares changing hands, FirstCaribbean International Bank traded 275 shares at $7.24, Guardian Holdings close at $25.05 with the swapping of 500 stock units, Guardian Media ended at $2.30 as investors exchanged 100 units, JMMB Group closed at $1.69 after an exchange of 2,047 stocks. L.J. Williams B share ended with an exchange of 3,000 shares at $2.75, Massy Holdings rose 1 cent and ended at $4.56 in switching ownership of 7,982 stock units, National Enterprises ended trading at $3.60 after 17,509 units changed hands. National Flour Mills ended trading of 2,513 stocks at $1.40, One Caribbean Media inched 1 cent higher to $3.83 after trading 5,000 units. Prestige Holdings added 9 cents to end at $7.49 after a transfer of 22,295 shares, Points Lisas ended with an increase of 20 cents to $3.80 after an exchange of 200 shares, Republic Financial remained at $138 in an exchange of 11,399 units, Scotiabank saw an exchange of 245 stocks at $77.85. Trinidad & Tobago NGL closed at $20, with 87 shares clearing the market, Trinidad Cement ended trading at $3.53 while exchanging 5,470 stock units, Unilever Caribbean rallied 99 cents to  $15.79, with 1,435 stocks crossing the market and West Indian Tobacco dropped 30 cents to $16.50 in exchanging 9,873 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.