Trading plunges on T&T Stock Exchange


Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Monday, with a 94 percent drop in volume of stocks traded, with the value declining by 84 percent from that on Friday, resulting in 17 securities changing hands compared with 24 on Friday and ending with prices of eight stocks rising, five declining and four ended firm.

The market closed with trading of 350,589 shares for $3,388,974, down from 5,524,703 stock units at $21,827,103 on Friday.
An average of 20,623 shares was traded at $199,351 compared to 230,196 stock units at $909,463 on Friday, with trading for the month to date averaging 69,043 shares at $360,570, from 71,724 units at $369,499 on the previous day and an average for July of 11,986 shares at $187,557.
The Composite Index rose 0.96 points to settle at 1,007.44, the All T&T Index gained 1.86 points to end at 1,459.60, the SME Index remained at 96.40 and the Cross-Listed Index closed unchanged at 73.32.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of trading, Agostini rallied 95 cents to $68, with 1,056 shares crossing the exchange, Angostura Holdings ended at $13 with investors dealing in 4,000 units, CIBC Caribbean Bank rose 15 cents in closing at a 52 week high of $9 with a transfer of 27 shares. Endeavour Holdings gained $1 to end at a 52 week high of $20, with 28 stock units changing hands, First Citizens Group popped 36 cents and ended at $40.76, with investors trading 5,401 stocks, GraceKennedy slipped 5 cents to finish at $3.65 after an exchange of 2,030 units. Guardian Media remained at 75 cents in the trading of just one stock, JMMB Group declined 1 cent to $1.06 after a transfer of 660 shares, L.J. Williams B share lost 5 cents to finish at $1.15 as investors exchanged 885 stock units. Massy Holdings increased 5 cents to end at $3.95 in switching ownership of 247,798 shares, National Enterprises ended at $2.20, with 4,638 units clearing the market,  One Caribbean Media remained at $2.25 in an exchange of 35 stocks. Republic Financial climbed $1.40 to $110.40 with traders dealing in 12,275 stock units, Scotiabank skidded 9 cents in closing at a 52 week low of $49.90, after an exchange of 9,752 shares, Trinidad & Tobago NGL advanced 5 cents to end at $3.65 with investors trading 1,798 units. Trinidad Cement rose 5 cents and ended at $2 after an exchange of 12,213 stocks and West Indian Tobacco fell 6 cents to close at a 52 week low of $4.14, with investors swapping 47,992 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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