Trading plunges on Tobago Stock Exchange 


Stocks ended on the Trinidad and Tobago Stock Exchange Monday, with trading in 13 securities down from 19 on Friday and ended with prices of four rising, five declining and four ended firm following a 70 percent plunge in the volume traded valued 71 percent less than on Friday resulting in gains for the main market indices.

The market closed with trading of 137,750 shares priced at $656,605 compared to 454,784 stock units at $2,276,245 on Friday.

An average of 10,596 shares were traded at $50,508 compared with 23,936 units at $119,802 on Friday, with trading month to date averaging 49,315 stocks down from $342,474 compared with 52,648 stock units at $367,610 on the previous day and an average for September of 19,319 shares at $151,318.

The Composite Index rose 1.93 points to settle at 1,041.15, the All T&T Index gained 5.35 points to wrap up trading at 1,557.84, the SME Index remained at 88.01 and the Cross-Listed Index slipped 0.24 points to settle at 68.33.

 Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.

At the close of market activities, Agostini’s fell 50 cents to $62 as investors exchanged 25 stock units, Angostura Holdings declined 50 cents to close at $16 after a transfer of 437 shares, Ansa Merchant Bank remained at $41.19 in switching ownership of 20 stocks. First Citizens Group lost 4 cents and ended at $40.43 after an exchange of 205 units, Guardian Holdings ended at $13 with 1,450 stocks crossing the market, JMMB Group slipped 2 cents in closing at a 52 weeks’ low of $1.03 in an exchange of 101,000 units. Massy Holdings gained 8 cents to close at $3.58 with investors swapping 9,583 shares, National Enterprises ended at $2.95 after an exchange of 9,599 stock units, NCB Financial sank 8 cents to finish at a 52 weeks’ low of $2.30 with investors trading 10,072 shares. Point Lisas popped 8 cents to end at $3.20 with an exchange of 400 units, Republic Financial rallied 42 cents in closing at $111.91 with 3,536 stocks crossing the market, Scotiabank increased 40 cents to close at $56.40 with investors dealing in 518 stock units and Trinidad & Tobago NGL remained at $4.75 after 905 shares passed through the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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