Trading plunges on the Trinidad Exchange

Trading plunged on Friday with a 78 percent drop in the volume of stocks traded, valued 80 percent less than Thursday’s trade on the Trinidad and Tobago Stock Exchange, with an exchange of just 65,236 shares for $876,597, down from 301,395 stock units at $4,488,620, from trading in 19 securities as was the case on Thursday.
The market closed with seven stocks rising, four declining and eight ending unchanged.
An average of 3,433 shares were traded at $46,137 compared with 15,863 units at $236,243 on Thursday, with trading month to date averaging 11,412 shares at $147,381 compared with 12,958 units at $167,009 on the previous day. The average trade for August ended at 14,526 shares at $195,195.
The Composite Index fell 2.18 points to 1,197.87, the All T&T Index dropped 3.73 points to 1,827.22, the SME Index ended at 66.38 and the Cross-Listed Index slipped 0.07 points to close at 73.40.
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 ended at $67 in trading 50 shares, Angostura Holdings ended trading of 8,000 units at $20, Ansa Merchant Bank declined $2.30 in closing at $42.20 after exchanging 1,028 stock units, First Citizens Group popped 6 cents and ended at $49.06 with traders dealing in 180 stocks. FirstCaribbean International Bank popped 1 cent to close at $7 with 3,202 units being traded, Guardian Holdings ended trading at $19, with 7,180 stocks crossing the market, Guardian Media ended at $2 in an exchange of 500 stock units, JMMB Group rose 1 cent to $1.26 with investors dealing in 1,500 shares. L.J. Williams B share ended at $2.56, with 1,760 shares crossing the market, Massy Holdings advanced 1 cent to end at $4.63 after an exchange of 5,709 units, National Enterprises gained 20 cents to close at $3.73 with shareholders swapping 4,952 stock units, National Flour Mills fell 11 cents to $1.53, with 1,168 stocks crossing the exchange. Point Lisas rallied 15 cents and ended at $3.40 with a transfer of 7 shares, Prestige Holdings remained at $7.93 in an exchange of 192 units, Republic Financial ended with a transfer of 443 stocks at $125, Scotiabank dipped 6 cents in closing at $73.19 while exchanging 261 stock units. Trinidad & Tobago NGL ended at $13, with 26,159 stocks changing hands, Unilever Caribbean rose 30 cents to $11.90 with investors trading 1,063 stock units and West Indian Tobacco lost 5 cents to end at a 52 weeks’ low of $10.50 as investors exchanged 1,882 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.