Trading plunges on Trinidad Stock Exchange

Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Wednesday, with a 78 percent plunge in the volume of stocks traded with the value declining 86 percent from that on Tuesday, resulting in 12 securities trading down from 19 previously and ending with prices of two stocks rising, four declining and six ending firm.
The market closed with trading of 72,099 shares for $537,446 down from 321,052 stocks at $3,764,788 on Tuesday.
An average of 6,008 shares were traded at $44,787 down from 16,897 units at $198,147 on Tuesday, with trading month to date averaging 39,518 shares at $305,306 compared with 39,057 units at $305,306 on the previous day and an average for September of 19,319 shares at $151,318.
The Composite Index gained 0.14 points to 1,034.61, the All T&T Index dropped 0.75 points to end the day at 1,555.88, the SME Index remained unchanged at 88.01 and the Cross-Listed Index gained 0.15 points to wrap-up trading at 66.74.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the trading, Agostini’s dropped 5 cents and ended at $62.45 with a transfer of 80 shares, Calypso Macro Investment Fund remained at $24 with 12 stocks crossing the market, First Citizens Group shed 54 cents to end at $40.41 after 566 stocks were traded. GraceKennedy ended at $3.60 after an exchange of 3,546 stock units, L.J. Williams B share remained at $1.27 after trading of 1,032 shares, Massy Holdings ended at $3.60 with 22,538 stock units changing hands. NCB Financial remained at $2.15 with investors swapping 34,527 stocks, Point Lisas increased 10 cents to end at $3.20 with 17 units crossing the market, Republic Financial sank 19 cents in closing at a 52 weeks’ low of $111.81 as investors exchanged 1,997 stocks. Scotiabank climbed 61 cents and ended at $56.61 in switching ownership of 1,489 units, Trinidad & Tobago NGL dipped 20 cents to finish at a 52 weeks’ low of $4.50 after exchanging 3,400 shares and West Indian Tobacco ended at $6 with investors dealing in 2,895 stock units.

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