T&T stocks bounce into new month


The Trinidad and Tobago Stock Exchange opened July on a positive note on Wednesday, with the volume of stocks traded surging 1,099 percent and a 170 percent jump in value over Tuesday. Massy Holdings was the big mover on the day, with the trading of 1.37 million shares accounting for 90 percent of all shares traded. Trading closed after only 17 securities changed hands, down from 24 on Tuesday and ended with prices of nine rising, six declining and two ending firm.

The market closed with trading of 1,518,030 shares for $5,894,761, in jumping from a mere 126,596 stocks at $2,187,171 on Tuesday. Trading closed with an average of 89,296 shares being traded for $346,751, up from a mere 5,275 units worth $91,132 on Tuesday, versus an average for June of 14,083 shares at $118,753. The Composite Index increased 3.30 points to end at 991.38, the All T&T Index rallied 4.07 points to close at 1,435.63, the SME Index remained at 86.92 and the Cross-Listed Index climbed 0.35 points to end at 72.19.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close of trading, Agostini shed 35 cents in closing at $58.45 with 34 units crossing the market, Angostura Holdings rose 1 cent to $10.19 with investors swapping one stock, Ansa McAl rallied 28 cents to close at $47.20 after an exchange of 400 shares. AS Bryden ended at $1.40 with trading of 1,531 stocks, CIBC Caribbean Bank ended trading at $7.65 following an exchange of 1,000 shares, Endeavour Holdings ended at $17.60 with a transfer of 5 shares. First Citizens Group fell 5 cents to $38.45 with 253 units crossing the exchange, JMMB Group skidded 1 cent in closing at 77 cents in switching ownership of 7,982 stock units, L.J. Williams B share increased 4 cents and ended at 80 cents after an exchange of 3,741 shares. Massy Holdings climbed 17 cents to end at $3.62 with 1,372,038 stocks clearing the market, National Enterprises gained 11 cents to close at $4.90 with investors trading 600 units, NCB Financial advanced 1by a mere one cent to finish at $2.66 in an exchange of 1,000 stock units. Prestige Holdings lost 1 cent to $11 with 38 shares crossing the market, Republic Financial rose 1 cent to finish at $108.26 as investors exchanged 6,555 stock units, Scotiabank rallied 2 cents and ended at $45.50 after the trading of 2,878 stocks. Trinidad & Tobago NGL slipped 24 cents to end at $10.75 after traders swapped 202 units and Trinidad Cement declined 9 cents to close at $1.80 with a transfer of 119,772 stocks.
The closing prices of stockss are those of the last transaction.

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