Trading plunges on T&T Stock Exchange

Trading plunged on Thursday, with the market declining after trading 95 percent fewer shares at 98 percent less value than on Wednesday, and ended with more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
Closing prices are flashing signs of a near term rally, with stocks closing with bids higher than last selling prices outpacing those with lower offers, while some prices are sitting at 52 weeks’ highs.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one stock with a lower offer.
Fourteen securities traded down from 22 on Wednesday, with six stocks rising, four declining and four remaining unchanged. The Composite Index dipped 0.31 points to 1,425.45, the All T&T Index fell 1.41 points to 1,928.88 and the Cross-Listed Index climbed 0.12 points to 124.29.
A total of, 32,569 shares traded, for $805,417, down sharply from 631,966 units at $33,310,090 on Wednesday. An average of 2,326 units traded at $57,530 compared to 28,726 at $1,514,095 on Wednesday, with trading month to date averaging 23,680 units at $438,465 versus 24,725 units at $459,928. The average trade for August amounts to 16,186 units at $226,311.
At the close, Agostini’s rallied 15 cents to $24.55, with 4,835 shares clearing the market, Ansa McAl spiked 79 cents to $57.80 after 2,015 stock units crossed the market, Ansa Merchant Bank rose $1.09 to end at $41.50 while exchanging 124 units. Calypso Macro Investment Fund fell 30 cents to $16.20 with 80 stocks changing hands, Clico Investment Fund remained at $26.57 with the swapping of 10,540 units, First Citizens Bank popped 1 cent to $50.51 in exchanging 1,000 shares. GraceKennedy spiked 5 cents to end at $6.30 with an exchange of 3,128 stock units, Guardian Holdings dropped 20 cents after finishing at $32.75 in trading 1,000 stocks, JMMB Group remained at $2.20 in an exchange of 1,585 units. Massy Holdings shed 1 cent to close at $82 after exchanging 46 stocks, National Flour Mills finished at $1.90 in exchanging 1,000 shares, One Caribbean Media closed at $4.30 after the trading of 260 stock units. Republic Financial Holdings spiked $3.05 to $138.50 in switching ownership of 450 stock units and Trinidad & Tobago NGL lost 26 cents in closing at $16.75, with 6,506 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.