Trading drops on Trinidad Stock Exchange

Investors seem exhausted from the long festivities of the carnival season, well that seems like the message for trading on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 39 percent with the value down 75 percent from Wednesday outturn, resulting in 20 securities trading compared with 18 on Wednesday, with just three stocks rising, eight declining and nine remaining unchanged.
Investors exchanged 73,286 shares for $718,570, down from a depressed 120,475 stock units at $2,896,613 on Wednesday.
An average of 3,664 shares were traded at $35,928 down from 6,693 shares at $160,923 on Wednesday, with trading month to date averaging 53,713 shares at $485,273 compared to 57,462 units at $518,933 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index shed 3.69 points to end at 1,328.29, the All T&T Index lost 3.23 points to close at 1,990.13, the SME Index remained at 61.52 and the Cross-Listed Index lost 0.58 points to close at 86.80.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $58.01 with just three shares clearing the market, Angostura Holdings climbed 22 cents to $23.74 with an exchange of 2,236 units, Ansa Merchant Bank ended at $45, with 250 stocks changing hands. Calypso Macro Investment Fund shed $1 to close at $20.50 after trading 440 stock units, First Citizens Group fell 55 cents to $50.10 with a transfer of 205 stocks, FirstCaribbean International Bank ended at $6.55 in an exchange of 2,692 units. GraceKennedy ended at $4.45 after 1,210 shares passed through the market, Guardian Holdings remained at $26 after finishing trading of 2,027 stocks, JMMB Group dipped 1 cent to close at $1.89, with an exchange of 59 shares. L.J. Williams B share rallied 2 cents to $2.72 in exchanging 1,005 stocks, Massy Holdings ended at $4.65 after a transfer of 50,054 units, National Enterprises ended at $3.89 after 500 stock units crossed the market. National Flour Mills slipped 3 cents to $1.50 as 1,841 stock units passed through the market, NCB Financial lost 8 cents in closing at $4.11 as investors exchanged 5,300 units, Prestige Holdings dipped 2 cents to close at $6.98 while exchanging 2,796 shares. Republic Financial gained 50 cents to close at $138.50 after 1,645 stocks changed hands, Scotiabank shed 20 cents in ending at $78 with the swapping of 570 stock units, Trinidad & Tobago NGL dipped 5 cents to end at $21 with investors transferring 250 units. Unilever Caribbean remained at $13.90 in switching ownership of 3 shares and West Indian Tobacco ended at $19.90 after exchanging 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.