Trinidad market rises with higher volume

Falling stocks outnumbered those rising four to one in trading on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 16 securities compared with 19 on Tuesday, with prices of eight declining, just two rising and six remaining unchanged with the volume of stocks traded rising 70 percent with the value 14 percent lower than on Tuesday.
The Composite Index rallied 1.89 points to settle at 1,198.25, the All T&T Index advanced 3.65 points to close at 1,822.05, the SME Index remained unchanged at 79.99 and the Cross-Listed Index ended unchanged at 74.30.
Investors exchanged 261,618 shares for $1,602,148 compared to 153,665 stock units at $1,867,304 on Tuesday.
An average of 16,351 units were traded at $100,134 compared to 8,088 shares at $98,279 on Tuesday, with trading month to date averaging 13,489 shares at $118,811 compared with 13,273 units at $120,220 on the previous day. The average trade for September amounts to 21,948 shares at $198,506.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading, Agostini’s shed 24 cents to finish at $67.16 with investors trading 386 shares, Calypso Macro Investment Fund dropped 35 cents to close at $22.75 with an exchange of 54 units, First Citizens Group slipped 1 cent and ended at $49 with 3,420 stock units being traded. FirstCaribbean International Bank ended at $6.99 in an exchange of 1 stock, JMMB Group closed at $1.41 with investors trading 12 stocks, L.J. Williams B share rallied 30 cents and ended at $2.40 in trading 6,000 units. Massy Holdings remained at $4.70 after 31,796 stocks changed hands, National Enterprises ended at $3.55 after 152,485 shares passed through the market, National Flour Mills dipped 1 cent to $1.62 after trading 7,000 shares. NCB Financial ended at $2.95 after an exchange of 3,593 units, Prestige Holdings popped 45 cents to end at a weeks’ high of $9.50 while exchanging 100 stock units, Republic Financial dipped 50 cents in closing at a 52 weeks’ low of $118 after an exchange of 3,798 stock units. Scotiabank lost 60 cents in closing at $71.40 after 874 units passed through the market, Trinidad & Tobago NGL fell 25 cents and ended at a 52 weeks’ low of $12.25, with 1,099 stock units crossing the market, Trinidad Cement lost 4 cents to close at $2.95 with a transfer of 50,000 stocks and West Indian Tobacco remained at $10 as investors exchanged 1,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.