Trading plunged sharply on the Trinidad and Tobago Stock Exchange on Thursday, with a 97 percent drop in the volume of stocks traded, and a 92 percent lower value than on Wednesday. Market activity resulted in 21 securities trading compared with 17 on Wednesday and ended with prices of five rising, seven declining and nine ending firm.
The market closed with trading of only 52,919 shares for $497,504 compared to 1,518,030 stock units at $5,894,761 on Wednesday.
An average of 2,520 shares were traded at $23,691 each, compared to 89,296 stock units at $346,751 on Wednesday, with trading month to date averaging 41,341 shares at $168,058, down from an average for June of 14,083 shares at $118,753.
The Composite Index increased 0.05 points to end at 991.43, the All T&T Index dipped 0.68 points to 1,434.95, the SME Index lost 7.64 points to finish at 79.28 and the Cross-Listed Index climbed 0.12 points to close at 72.31.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Agostini remained at $58.45 after a transfer of a mere two stock units, Angostura Holdings advanced 21 cents to $10.40, 43 shares crossing the market, Ansa McAl ended at $47.20 with investors swapping 13 units.
AS Bryden popped 10 cents in closing at $1.50, with 220 stocks crossing the exchange, CIBC Caribbean Bank ended trading 248 shares in closing at $7.65, Endeavour Holdings skidded 99 cents to close at $15, with 250 stocks crossing the market. First Citizens Group remained at $38.45 after trading of 3,164 units, GraceKennedy climbed 2 cents to finish at $3.60 with 20 stock units clearing the market, Guardian Holdings remained at $16.30 in switching ownership of 33 shares. Guardian Media ended at 81 cents, with 250 stocks changing hands, JMMB Group rose 3 cents to end at 80 cents as investors exchanged 400 units, Massy Holdings fell 12 cents in closing at $3.50 after trading of 33,850 stock units. Medcorp dipped 25 cents to $43.50 in an exchange of 4 shares, National Enterprises lost 5 cents and ended at $4.85 with investors trading 3,002 units, One Caribbean Media rallied 21 cents to finish at a 52 weeks high of $2.20, after 98 stocks passed through the market.
Point Lisas remained at $7 with investors dealing in 10 stock units, Republic Financial slipped 1 cent and ended at $108, with 25 702 shares changing hands, Scotiabank ended at $45.50 after an exchange of 1,241 units. Trinidad & Tobago NGL declined 6 cents to $10.69 with investors trading 9,157 stocks, Trinidad Cement ended at $1.80 with an exchange of 60 stock units and Unilever Caribbean shed 25 cents in closing at $15.60, resulting from an exchange of 152 shares.
Closing prices of stocks trading are those of the last transaction.