Trading volume explodes on Trinidad exchange

Stocks traded jumped sharply on Wednesday by 673 percent over Tuesday’s activity after funds involved in trading dipped slightly lower as market activity ended on the Trinidad and Tobago Stock Exchange and resulting in 15 securities trading similar to Tuesday, with prices of four stocks rising, five declining and six remaining unchanged.
Investors traded 1,042,442 shares for $2,896,299 versus 134,782 stock units at $2,965,690 on Tuesday. An average of 69,496 units were traded at $193,087 compared with 8,985 shares at $197,713 on Tuesday, with trading month to date averaging 41,041 shares at $296,627 versus 38,588 units at $305,553 on the previous day. The average trade for December amounts to 42,745 at $474,822.
The Composite Index dropped 0.99 points to 1,325.06, the All T&T Index lost 2.11 points to 1,987.80, the SME Index remained unchanged at 50.72 and the Cross-Listed Index gained 0.03 points to settle at 86.20.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Ansa McAl dipped 50 cents to $50.50 in an exchange of 2,444 shares, First Citizens Group popped 5 cents to close at $50.05, with 863 stocks crossing the exchange, FirstCaribbean International Bank ended at $5.70 after an exchange of 27,645 stock units. GraceKennedy rose 1 cent to end at $4.45 with 358 units trading, Guardian Holdings declined 45 cents in ending at $27 after a transfer of 300 stock units, Guardian Media remained at $2.50 with investors transferring 38 shares. JMMB Group ended at $1.95 after trading 8,000 stocks, Massy Holdings ended at $4.50 in exchanging 38,629 units, National Enterprises shed 10 cents in closing at $3.40 in trading 10,000 stocks. National Flour Mills ended at $1.50 as 641,654 units passed through the market, Scotiabank remained at $77.95 while exchanging 960 shares, Trinidad & Tobago NGL lost 10 cents in ending at $21.25 in switching ownership of 4,571 stock units. Trinidad Cement fell 20 cents to close at $3.65 after trading 302,000 stocks, Unilever Caribbean increased 5 cents to end at $12.85 with the swapping of 154 stock units and West Indian Tobacco popped $1 to $21, with 4,826 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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