Trading sink on Trinidad Exchange


Declining stocks outpaced those rising on a day of extremely low trading activity on the Trinidad and Tobago Stock Exchange on Wednesday, with a 23 percent drop in the volume of stocks traded at a 68 percent lower value than on Tuesday resulting from trading in 17 securities similar to Tuesday and ending with prices of two rising, four declining and 11 ended firm.

The market closed with trading of 42,887 shares for $345,319 down from 55,504 stock units at $1,090,160 on Tuesday.
The average trade for the day was just 2,523 shares valued at $20,313, down from a mere 3,265 stock units at $64,127 on Tuesday, with trading for the month to date averaging 16,584 shares at $149,284 compared with 17,269 units at $155,566 on the previous day and an average for December of 19,548 shares at $423,231.
The Composite Index gained 0.13 points to finish at 1,074.14, the All T&T Index fell 0.71 points to conclude trading at 1,578.25, the SME Index remained at 96.65 and the Cross-Listed Index rallied just 0.14 points to finish at 74.83.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s dipped 1 cent to close at $65.99 in trading 15 stock units, Angostura Holdings ended at $14 after an exchange of 322 shares, Ansa McAl ended at $60.50 with investors ending the trading of just stock units. Calypso Macro Investment Fund ended at $23.75 with 812 stocks crossing the exchange, CIBC Caribbean Bank popped 3 cents to finish at $8.23 with investors swapping 293 shares, First Citizens Group remained at $41.50 with 1,686 stocks crossing the market. GraceKennedy ended at $3.74 with a transfer of 108 units, Guardian Holdings remained at $14.93 and closed with 190 stock units changing hands, Guardian Media ended at $1.12 with an exchange of 200 shares. Massy Holdings remained at $3.95 after a transfer of 24,093 stocks, National Flour Mills slipped 1 cent to close at $1.69 after 200 units passed through the market, Prestige Holdings remained at $10.75 with an exchange of 160 stock units. Republic Financial slipped 55 cents to end at $113.25 with 552 shares crossing the market, Scotiabank gained 20 cents to end at $56 with investors trading 103 stock units, Trinidad & Tobago NGL ended at $4.75 after an exchange of 109 stocks. Unilever Caribbean closed at $11.19 with 150 units clearing the market and West Indian Tobacco sank 13 cents to finish at $5.40 after an exchange of 13,888 stocks.

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

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