Trading surged on Trinidad Exchange

Trading surged on Wednesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded jumping 2,650 percent and the value of 1,055 percent more than in market activity on Tuesday as Massy Holdings and National Enterprises dominated market activity, following trading in 18 securities up from 15 on Tuesday, with prices of six stocks rising, six declining and six ending unchanged.
Investors traded 2,453,475 shares for $11,762,277, up sharply over the 89,218 stock units trading for $1,018,274 on Tuesday.
An average of 136,304 units were traded at $653,460 compared to 5,948 shares at $67,885 on Tuesday. Trading  month to date averages 23,619 shares at $211,301 compared with 17,139 units at $185,866 on the previous day and August with 14,526 shares at $195,195.
The Composite Index rallied 2.88 points to conclude trading at 1,212.58, the All T&T Index climbed 4.77 points to 1,854.93, the SME Index remained at 70.47 and the Cross-Listed Index popped 0.12 points to close trading at 73.53.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68 after  1,176 shares were traded, Angostura Holdings gained 1 cent to end at $22.99 after 37,940 units passed through the market, Ansa Merchant Bank rallied $2 to $44.50 in an exchange of 800 stocks, Calypso Macro Investment Fund lost $1 in closing at $22.50, with 509 stocks clearing the market. First Citizens Group dipped 8 cents to close at $49.11 with traders dealing in 12,518 stocks, GraceKennedy rose 2 cents to end at $3.30 and closed with an exchange of 581,528 shares, JMMB Group ended at $1.40 while exchanging 30,000 stocks, L.J. Williams B share dipped 5 cents and ended at $2.44 with 10 units changing hands. Massy Holdings rose 5 cents in closing at $4.90 after 1,222,947 shares passed through the exchange, National Enterprises skidded 5 cents to close at $3.55 in trading 550,330 stocks, NCB Financial ended at $2.90 with stakeholders exchanging 14,106 stock units, One Caribbean Media popped 7 cents and ended at $3.82 in an exchange of 134 units. Point Lisas ended at $3.30, with 10 stock units crossing the market, Prestige Holdings ended at $8 after a transfer of 103 shares, Republic Financial shed 66 cents to close at $121.33 after an exchange of 1,042 stocks, Scotiabank advanced 25 cents to close at $72.75 in switching ownership of 170 units, Trinidad Cement remained at $3.14 with a transfer of 10 units and Unilever Caribbean declined 15 cents in closing at $11.65 with investors transferring 142 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.