Trading slumps on the Trinidad Exchange


A retreat from trading on the Trinidad and Tobago Stock Exchange on Wednesday resulted in a 23 percent fall in the volume of stocks changing hands, valued 25 percent less than on Tuesday. Investors exchanged 17 securities compared to 18 on Tuesday, resulting in prices of four stocks rising, six declining and seven ended firm.

The market closed with trading in 256,522 shares for $2,069,104, with a slide from 331,499 stock units at $2,761,359 on Tuesday.
An average of 15,090 shares was traded at $121,712, after falling from 18,417 units at $153,409 on Tuesday, with trading month to date averaging 12,550 shares at $141,738, aligned with 12,367 units at $143,182 on the previous day and an average for October of 34,584 shares at $266,203.
The Composite Index rose 0.75 points to end at 936.84, the All T&T Index gained 2.41 points to close at 1,349.03, the SME Index remained at 96.30 and the Cross-Listed Index shed 0.15 points to close at 69.38.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and two with lower offers.
At the close of the market, Agostini ended at $62.50 in trading 750 shares, Ansa McAl remained at $40 with 1,469 stock units passing through the market, Ansa Merchant Bank remained at $31.45 with investors trading 9 stocks. AS Bryden gained 7 cents and ended at a 52 weeks high of $1.87 in an exchange of 15 shares, CIBC Caribbean Bank fell 2 cents to finish at $8.28 after trading of 1,010 stock units, First Citizens Group rose $1.50 in closing at $34.50 with 2,015 shares clearing the market. GraceKennedy ended at $3.51 with investors trading 1,388 units, JMMB Group fell 4 cents to finish at a 52 weeks low of 75 cents with an exchange of 13,806 stocks, Massy Holdings skidded 2 cents and ended at a 52 weeks low of $3.58 with 31,074 stock units crossing the market. National Enterprises ended at $1.54 with traders dealing in 18,208 shares, National Flour Mills slipped 3 cents to end at $1.52 in an exchange of 8,974 stock units, NCB Financial remained at $1.93 with 154,400 stock units crossing the market. Republic Financial rallied 99 cents to $105.99 with a transfer of 8,691 stock units, Scotiabank dropped $1.10 and ended at a 52 weeks low of $44.90 after an exchange of 10,136 units, Trinidad & Tobago NGL increased 10 cents to end at $2.90 with 1,800 stock units crossing the exchange. Unilever Caribbean shed 35 cents in closing at $18 with investors dealing in 2,177 shares and West Indian Tobacco remained at $3 after an exchange of 600 stock units.

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

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