Trading surges on Trinidad Exchange

Trading activity surged on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks passing through the market surging 1,345 percent with the value being 645 percent more than on Tuesday and resulted in 17 securities trading compared with 20 on Tuesday, with four stocks rising, eight declining and five remaining unchanged.
Investors exchanged 7,131,762 shares for $34,964,988 versus 493,613 stock units at $4,690,597 on Tuesday. An average of 419,515 units were traded at $2,056,764 compared to 24,681 shares at $234,530 on Tuesday, with trading month to date averaging 61,690 shares at $539,811 versus 30,335 units at $406,882 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index lost 3.17 points to 1,326.33, the All T&T Index fell 5.95 points to 1,981.88, the SME Index remained unchanged at 61.52 and the Cross-Listed Index dipped 0.03 points to close at 87.46.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Calypso Macro Investment Fund gained 35 cents to end at $21.50 after trading 2,023 shares, First Citizens Group dropped $2.90 to $50.11 after trading 2,854 stock units, FirstCaribbean International Bank ended at $6.50 after an exchange of 753 units. GraceKennedy remained at $4.50 with a transfer of 4,448 stocks, Guardian Holdings declined 5 cents to $25.05 with an exchange of 21,100 stock units, JMMB Group lost 4 cents to close at $1.86 after 44,166 units changed hands. L.J. Williams B share ended at $2.70, with 10 shares clearing the market, Massy Holdings rose 1 cent to $4.48 after an exchange of 6,207,555 stocks, National Enterprises advanced 37 cents to end at $3.97 with the swapping of 804,434 shares. National Flour Mills remained at $1.50 1,400 stock units crossing the market, Prestige Holdings ended at $6.89 as investors exchanged 4,976 stocks, Republic Financial increased $2 after ending at $137 after a transfer of 21,630 units. Scotiabank fell 19 cents in closing at $78.20, with 103 shares changing hands, Trinidad & Tobago NGL dipped 14 cents to close at $20.86 in exchanging 9,000 stocks, Trinidad Cement dropped 9 cents to end at $3.50, with 1,510 units crossing the exchange. Unilever Caribbean slipped 5 cents in ending at $13.95 in an exchange of 1,325 stock units and West Indian Tobacco declined 15 cents to $19.75 in trading 4,475 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.