Trading surges on Trinidad stock market


The Trinidad and Tobago Stock Exchange enjoyed a huge bounce in trading on Friday, with a 4,712 percent surge in volume of stocks traded and a 5,272 percent jump in value compared with the miniscule levels on Thursday. Trading resulted in an exchange of 19 securities compared with 16 on Thursday and ended with prices of only three stocks rising, 10 declining and six ending firm.

The market closed with trading of 2,164,777 shares for $18,256,127 compared to 44,987 stock units at $339,856 on Thursday.
An average of 113,936 shares were traded valued at $960,849 compared with 2,812 stock units at $21,241 on Thursday. Trading for the month to date, averaged 51,998 shares worth $407,210, up from 47,175 units at $364,100 on the previous day and an average for September of 37,104 shares at $224,976.
The Composite Index skidded 9.15 points to wrap-up trading at 973.52, the All T&T Index sank 11.04 points to end at 1,412.80, the SME Index remained unchanged at 99.17 and the Cross-Listed Index slipped 1.01 points to 70.44.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini ended at $67 after trading of 5 shares, Angostura Holdings lost $1.50 to $11.50, with 40,050 stocks crossing the exchange, Ansa McAl shed 1 cent in closing at $42.49 with investors dealing in 32 shares. Ansa Merchant Bank sank 45 cents to end at a 52 weeks low of $31 after an exchange of 684 stock units, AS Bryden declined by 4 cents to $2.25, with 14,000 stock units crossing the market, CIBC Caribbean Bank sank 22 cents to finish at $8.25 after a transfer of 2,049,266 shares. First Citizens Group skidded 49 cents to a 52 weeks low of $36.30 after 2,960 units passed through the market, Guardian Holdings fell 3 cents in closing at $14 in trading 2,250 stocks, JMMB Group remained at 99 cents after an exchange of 39 stock units. Massy Holdings remained at $3.64 with investors swapping 25,597 shares, National Enterprises increased 1 cent to end at $2.09 in an exchange of 13,800 units, National Flour Mills ended at $1.61 with traders dealing in 4,900 stocks. NCB Financial ended at $1.93 in switching ownership of just 1 unit, One Caribbean Media climbed 13 cents to $1.95 as investors exchanged 1,025 shares, Point Lisas popped 5 cents to close at $4.10 clearing the market with 2,400 stocks. Republic Financial remained at $107 with an exchange of 4,345 units, Scotiabank dipped 5 cents to end at a 52 weeks low of $48.65 and closed with 1,503 stock units changing hands, Unilever Caribbean slipped 21 cents to finish at a 52 weeks low of $13.58 with investors trading 600 shares and West Indian Tobacco dropped 16 cents to a 52 weeks low of $3.92 in an exchange of 1,320 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise

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