Trading plunged on the Trinidad and Tobago Stock Exchange on Thursday, as the market maintains low trading levels for the month to date. Trading ended with an exchange of 16 securities compared with 20 on Wednesday and ending with prices of four stocks rising, six declining and six ended firm and ended with the volume of stocks traded declining 44 percent valued 41 percent lower than on Wednesday.
The market closed with trading of a mere 44,987 shares with a value of just $339,856, and close to the month to date average but well below the 80,635 stock units that traded with a value of a mere $573,342 on Wednesday.
An average of 2,812 shares were traded at $21,241 compared with 4,032 stock units at $28,667 on Wednesday, with trading month to date averaging 47,175 shares at $364,100 compared with 50,288 units at $388,161 on the previous day and an average for September of 37,104 shares at $224,976.
The Composite Index skidded 7.92 points to close at 982.67, the All T&T Index fell 16.39 points to end at 1,423.84, the SME Index remained unchanged at 99.17 and the Cross-Listed Index rallied 0.18 points to end at 71.45.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Angostura Holdings dipped 10 cents to close at $13 after just 9 shares passed through the market , Ansa McAl remained at $42.50 after an exchange of 68 stocks, Ansa Merchant Bank ended at $31.45 with investors swapping 518 units. AS Bryden lost 4 cents in closing at $2.29, with 17,248 shares clearing the market, First Citizens Group sank 1 cent and ended at $36.79 with a transfer of 1,752 stock units, GraceKennedy remained at $3.49, with 1,051 shares crossing the market. Guardian Holdings gained 3 cents and ended at $14.03 in an exchange of 5,217 units, JMMB Group popped 4 cents to 99 cents, with 3,200 stocks crossing the market, Massy Holdings fell 1 cent in closing at a 52 weeks low of $3.64 in an exchange of 7,718 stock units. National Enterprises dipped 2 cents to close at $2.08 with traders dealing in 1,915 shares,
National Flour Mills rose 1 cent to end at $1.61, with 1,098 stock units crossing the exchange, NCB Financial ended at $1.93 with the trading of 2,000 stocks. Republic Financial ended at $107 after swapping 207 units, Scotiabank dropped 10 cents to $48.70 with investors trading 1,356 stocks, Trinidad & Tobago NGL remained at $3 with an exchange of 1,130 stock units and Unilever Caribbean rose 4 cents in closing at $13.79 after an exchange of 500 shares.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.