Trinidad Stock Exchange drops in August

Trading ended for August lower than July on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 6 percent with a 23 percent lower value than on Tuesday, resulting from trading in 20 securities down from 22 on Tuesday, with prices of four stocks rising, seven declining and nine remaining unchanged, ahead of the market closing on Friday for the Independence Day holiday.
Investors exchanged 157,416 shares for $1,978,952 compared to 147,834 stock units at $2,564,061 on Tuesday.
An average of 7,871 units were traded at $98,948 compared to 6,720 shares at $116,548 on Tuesday, with trading month to date averaging 14,526 shares at $195,195 compared with 14,814 units at $199,661 on the previous day. The average trade for July amounts to 36,525 shares at $302,493.
The Composite Index dipped 0.86 points to end at 1,220.39, the All T&T Index fell 0.94 points to close at 1,854.20, the SME Index rallied 0.86 points to finish at 66.57 and the Cross-Listed Index slipped 0.11 points to 75.87.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dipped 7 cents to $67.93 after an exchange of 64 shares, Ansa McAl lost 40 cents and ended at $54, with 4,102 stocks crossing the market, Calypso Macro Investment Fund rose 50 cents to close at $22.50 after investors traded 499 units, Endeavour Holdings ended at $12 with a transfer of 589 stock units. First Citizens Group ended at $49, with 6,604 shares crossing the market, FirstCaribbean International Bank slipped 1 cent to $6.99 with a transfer of 246 units, GraceKennedy skidded 3 cents to close at $3.31, with 11,950 stocks changing hands, Guardian Holdings rallied 25 cents in closing at $19.25 with shareholders swapping 13,000 stock units. JMMB Group ended at $1.34 with an exchange of 28,795 shares, Massy Holdings remained at $4.55 with traders dealing in 67,742 stocks, National Enterprises rallied 1 cent in closing at $3.61 with 3,735 stock units clearing the market, National Flour Mills ended at $1.63 after 8,305 units passed through the market. One Caribbean Media climbed 5 cents and ended at $3.75 as investors exchanged 5 units, Point Lisas remained at $3.40 in an exchange of 600 stocks, Prestige Holdings ended at $7.90 in trading 457 shares, Republic Financial fell 1 cent to $125.02 in switching ownership of 5,107 stock units, Scotiabank ended at $73 after trading 461 shares, Trinidad & Tobago NGL. dropped 20 cents to end at $14.60 after it closed with 2,588 units changing hands, Unilever Caribbean shed 9 cents in closing at $11.90 with an exchange of 22 stock units and West Indian Tobacco ended at $11 with stakeholders exchanging 2,545 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.