Trading plunged on the Trinidad and Tobago Stock Exchange on Thursday, with an 83 percent fall in the volume of stocks traded and a 65 percent drop in value compared with Wednesday, following trading in 24 securities up from 19 on Wednesday, with prices of seven stocks rising, eight declining and nine ending firm.
The market closed with trading of just 79,844 shares for $1,019,294, after falling from 471,595 stocks at $2,920,326 on Wednesday.
An average of just 3,327 shares were exchanged for $42,471, after declining from 24,821 stock units at $153,701 on Wednesday.
Trading month to date averages 73,862 shares at $426,841 down from 80,275 units at $461,784 on the previous day, well above the average during August of 16,054 shares at $137,863.
The Composite Index declined 1.12 points to end at 1,024.01, the All T&T Index popped 6.39 points to 1,444.75, the SME Index fell 0.69 points to 74.22 and the Cross-Listed Index skidded 1.32 points to 80.44.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of trading, Agostini ended at $49 with 210 stock units crossing the market, Angostura Holdings increased 1 cent to $10.68 with investors swapping 640 shares, Ansa McAl declined 1 cent to $45 with 4,301 stocks passing through the market.
AS Bryden ended at $1.50 after an exchange 230 stocks, CIBC Caribbean Bank shed 30 cents to settle at $8 with a transfer of 1,002 shares, Endeavour Holdings fell by 75 cents to finish at $12.75 with investors dealing in 2,000 units. First Citizens Group closed at $40 with 1,278 stocks crossing the exchange, GraceKennedy skidded 19 cents in closing at $4.15 following trading in 22,000 stock units, Guardian Holdings popped 30 cents to end at $16.20 in an exchange of 5,043 shares. JMMB Group remained at 84 cents after trading of 5,001 units, Massy Holdings rallied 8 cents to finish at $3.48 in an exchange of 2,910 stocks, Medcorp fell 1 cent to close at $43.74 with a transfer of 3 stock units. National Enterprises dropped 20 cents to $4.36 in trading 11,752 shares, National Flour Mills dipped 4 cents to $1.52 after an exchange of 5,553 stock units, NCB Financial rose 21 cents in closing at $3.23 with 200 units changing hands. One Caribbean Media slipped 18 cents and ended at $1.50 after trading of 1,111 shares, Point Lisas remained at $7.25 with 26 shares clearing the market, Prestige Holdings ended at $12 in switching ownership of 1 stock unit.
Republic Financial gained 3 cents to close at $112.03 with investors trading 295 stocks, Scotiabank remained at $48 with an exchange of 8,054 units, Trinidad & Tobago NGL ended at $10.25 with 4,494 stocks crossing the market. Trinidad Cement advanced 30 cents to $2 after a transfer of 3,349 units, West Indian Tobacco climbed 8 cents to finish at $4.15 with investors trading just one share and West Indian Traders ended at $2.12 in an exchange of 390 stock units.
Prices of securities trading are those of the last transaction.A