Trading plunges on Trinidad Exchange

Trading plunged sharply on the Trinidad and Tobago Stock Exchange on Wednesday, with an 83 percent drop in the volume of stocks traded and a 90 percent fall in the value compared with trading on Tuesday, resulting in 18 securities trading compared with 21 on Tuesday, with prices of eight stocks rising, four declining and six remaining unchanged.
Investors exchanged a mere 38,476 shares for $689,946, down sharply from 222,022 units at $6,727,988 on Tuesday.
An average of 2,138 units were traded at $38,330 compared with 10,572 shares at $320,380 on Tuesday, with trading month to date averaging 8,122 shares at $136,623 compared with 9,199 units at $154,316 on the previous day. The average trade for July amounts to 36,525 shares at $302,493.
The Composite Index popped 0.30 points to  1,257.98, the All T&T Index slipped 0.22 points to 1,912.16, the SME Index remained at 70.47 and the Cross-Listed Index rose 0.12 points to close at 78.08.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
At the close, Agostini’s gained 50 cents in ending at $68.50 after trading 50 shares, Ansa McAl ended at $57.90 and closed with 585 stocks passing through the exchange, First Citizens Group rose 99 cents to $50 after 1,410 units crossed the market, FirstCaribbean International Bank remained at $7.04, following an exchange of 165 stock units. GraceKennedy ended at $3.40 after an exchange of 5,100 shares, Guardian Holdings shed 2 cents to close at $19 after investors finished exchanging 10,000 stocks, JMMB Group popped 4 cents to $1.34 with 1,500 units changing hands, L.J. Williams B share remained at $2.70 with stakeholders exchanging 10 stock units. Massy Holdings rallied 1 cent in closing at $4.85 with a transfer of 11,567 stock units, National Enterprises increased 3 cents to end at $4.02 in trading 1,486 stocks, National Flour Mills lost 7 cents to end at $1.53 with 867 shares clearing the market, Point Lisas ended at $3.70 in an exchange of 10 units. Prestige Holdings fell 14 cents to close at $7.74 with investors transferring 88 stock units, Republic Financial dipped 15 cents and ended at $127 after a transfer of 1,867 stocks, Scotiabank rose 12 cents to $74.62 as investors exchanged 530 units. Trinidad & Tobago NGL climbed 4 cents in closing at $17.65 with shareholders swapping 225 shares, Trinidad Cement popped 40 cents and ended at $3.40 in switching ownership of 1,016 units and Unilever Caribbean ended at $12, with 2,000 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.