Trading plunges on Trinidad Exchange

Winning and losing stocks shared the spotlight equally at the close of trading on the Trinidad and Tobago Stock Exchange on Wednesday, following an 83 percent fall in volume with the value diving 69 percent lower than on Tuesday resulting in the trading of 20 securities compared with 17 on Tuesday and ending with prices of seven rising, seven declining and six ended firm, with one stock closing at a 52 weeks’ high and two at 52 weeks’ lows.
Trading ended with an exchange of 85,398 shares valued at $703,528, down from 491,397 stock units at $2,301,373 on Tuesday.
An average of a mere 4,270 shares were traded at $35,176 from 28,906 units at $135,375 on Tuesday, with trading month to date averaging 10,008 shares at $57,881 compared with 12,133 units at $66,292 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index slipped 7.19 points to conclude trading at 1,095.12, the All T&T Index dropped 13.91 points to end at 1,634.09, the SME Index remained at 78.26 and the Cross-Listed Index at 72.56.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Agostini’s skidded 22 cents and ended at $68.78 as investors exchanged 40 stock units, Angostura Holdings remained at $18.06 after 16 shares were traded, Ansa McAl jumped $3 to end at a 52 weeks’ high of $63 after an exchange of 700 stocks. Calypso Macro Investment Fund ended at $24.22 with investors trading 11 units, First Citizens Bank closed at $43 with trading of 1,547 stocks, FirstCaribbean International Bank popped 4 cents to finish at $6.85, with 59 units crossing the market. GraceKennedy ended at $3.80 with an exchange of 60 shares, Guardian Holdings fell $1.25 to 52 weeks’ low of $14 with 558 stock units clearing the market, JMMB Group ended at $1.10 in switching ownership of 248 shares. Massy Holdings ended at $3.50 after an exchange of 29,077 stock units, National Enterprises advanced 3 cents in closing at $3.18 with investors trading 500 units, National Flour Mills dipped 1 cent to end at $2.04, with just 1 stock crossing the exchange. Point Lisas rose 5 cents in closing at $3.15 in trading 26 shares, Prestige Holdings sank 25 cents to $11.25 after a transfer of 58 stock units, Republic Financial rallied $1 to finish at $114 with investors dealing in 717 units. Scotiabank shed 2 cents and ended at $59.98 with a transfer of 165 stocks, Trinidad & Tobago NGL gained 35 cents to close at $6.75 with 730 stock units changing hands, Trinidad Cement popped 5 cents to end at $2.96 with traders dealing in 3,293 stocks. Unilever Caribbean slipped 1 cent in closing at $10.60 with 4,882 shares crossing the market and West Indian Tobacco declined 83 cents to close at a 52 weeks’ low of $7.15 with investors swapping 42,710 stock units.

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

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