Trading plunges on Trinidad Stock Exchange


Stocks ended with losers edging out winners on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 18 securities similar to trading on Tuesday and ending with prices of four stocks rising, five declining and nine ending firm resulting in an 87 percent drop in the volume of stocks traded with a 78 percent lower value than on Tuesday.

The market closed with trading of 64,916 shares worth $470,799 well below the 518,812 stock units at $2,126,960 on Tuesday.
An average of 3,606 shares were traded at $26,156 down from 28,823 units at $118,164 on Tuesday, with trading month to date averaging 16,493 shares at $97,415 in line with 17,630 units at $103,704 on the previous day and an average for February of 22,005 shares at $200,032.
The Composite Index rose 3.48 points to 1,062.57, the All T&T Index increased 6.72 points to 1,560.67, the SME Index remained at 83.50 and the Cross-Listed Index ended unchanged at 74.12.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini’s ended at $68 after an exchange of 40 stocks, Angostura Holdings rose 25 cents to $14.25 in trading 1,063 shares, Ansa McAl ended at $57 with 14 stock units crossing the market. Ansa Merchant Bank skidded 50 cents to close at $39.50 with investors trading 50 stocks, Calypso Macro Investment Fund ended at $25 in an exchange of 50 shares, CIBC Caribbean Bank ended at $8.10 after the trading of 4,200 units. First Citizens Group remained at $41.39 with 2,071 stocks crossing the market, GraceKennedy sank 9 cents to $3.60 with investors trading 80 stock units, Guardian Holdings gained 1 cent to end at $14.86 with 700 shares changing hands. JMMB Group ended at $1.11 with traders dealing in 38,169 stocks, Massy Holdings popped 3 cents to close at $3.93 after an exchange of 261 units, National Enterprises ended trading at $2.66 with a transfer of 7,029 stock units. Prestige Holdings remained at $11.30 after closing with an exchange of 1,374 shares, Republic Financial climbed 3 cents in closing at $113.03 after a transfer of 1,097 stock units, Scotiabank remained at $55.50 with investors swapping 1,466 stocks. Trinidad & Tobago NGL shed 48 cents and ended at $4.02 in an exchange of 2,461 units, Trinidad Cement declined 5 cents to close at $2.35 after 10 stocks passed through the market and West Indian Tobacco lost 6 cents to end at $5.44 in switching ownership of 4,781 units.

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

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