Investors retreated from trading on the Trinidad and Tobago Stock Exchange on Thursday, sending the volume of stocks tumbling downhill, with an 82 percent drop and the value 73 percent lower than Wednesday. Similar to Wednesday, trading ended with an exchange of 22 securities, with prices of three rising, seven declining and 12 ending firm.
The market closed with trading of 95,806 shares for $1,207,999 after plunging from 521,846 stock units at $4,471,077 on Wednesday.
An average of 4,355 shares were traded at $54,909, after decreasing from 23,720 units at $203,231 on Wednesday. Trading for the month to date averages 16,494 shares at $136,467 compared to 17,166 units at $140,987 on the previous day and an average for July of 11,573 shares at $105,485.
The Composite Index advanced 0.87 points to 1,016.85, the All T&T Index rallied 1.66 points to 1,440.86, the SME Index stayed at 66.71 and the Cross-Listed Index was unchanged at 78.94.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Angostura Holdings dropped 50 cents to $10.30 with investors trading 182 stock units, Ansa McAl remained at $46.95 in switching ownership of a mere one share, Ansa Merchant Bank ended at $28.30 with one stock crossing the exchange.
AS Bryden settled at $1.50 after the trading of 85 units, CIBC Caribbean Bank remained at $7.55 following the exchange of 1,481 stocks, Eric Solis Marketing ended at $4.17 with 5 units changing hands. First Citizens Group rose 7 cents to $39.55 in an exchange of 6,018 shares, GraceKennedy shed 15 cents and ended at $4.15 with the trading of 4,780 stocks, Guardian Holdings finished at $16.35 with an exchange of 82 shares. Guardian Media remained at 80 cents with a transfer of a mere 2 stocks, JMMB Group fell 1 cent to 87 cents in an exchange of 526 units, L.J. Williams B share ended at 80 cents with 10 stock units crossing the market. Massy Holdings slipped 3 cents and ended at $3.36 with 23,947 shares changing hands, National Enterprises ended at $4.64 after trading of 35 stock units, National Flour Mills advanced 1 cent to $1.54 with 1,488 stocks crossing the market. NCB Financial lost 19 cents to finish at $3.30 with a transfer of 25,205 units,
Republic Financial remained at $110.25 with 5,201 stocks passing through the market, Scotiabank popped $1 to $48 after an exchange of 517 shares. Trinidad & Tobago NGL remained at $10.52 with investors dealing in 12,433 stock units, Unilever Caribbean skidded 10 cents to $16 with 6 units clearing the market, West Indian Tobacco closed at $4.20 after a transfer of 6,500 shares and West Indian Traders dipped 2 cents to $2.13 after swapping of 7,301 stock units.
Prices of securities trading are those of the last transaction.