Trinidad & Tobago NGL price broke out of a wedged formation, indicating a strong upward climb.
A total of 9 securities traded on the Trinidad & Tobago Stock Exchange on Friday against 15 on Thursday, with 1 stock advancing, 2 declining and 6 unchanged with Trinidad & Tobago NGL trading at a 52 weeks’ high.
Market activity ended the volume of shares traded dropping sharply to only 95,824 shares from 1,373,256 on Thursday, but with just a fraction of the value of the previous day, at $2,787,790 versus $19,288,737 Thursday.
The Composite Index shed 0.61 points to 1,262.03, the All T&T Index rose 3.59 points to 1,731.79 while the Cross Listed Index inched down 0.66 points to close at 106.78.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| In trading, Trinidad & Tobago NGL rose $1.65 to close at record high of $27.57 trading just 704 shares. The chart of price movements for this stock is very bullish with a breakout of a wedge formation.
Losses| Ansa McAl fell by a cent in trading 442 shares at $63.99 and First Caribbean International Bank lost 15 cents to close at $9.15 trading 1,000 shares.
Firm Trades| The last traded prices of securities closing unchanged are Clico Investments closing unchanged at $21 trading 8,748 units, First Citizens closed at $32 with 11,543 units with a value of $369,376 changing hands, Grace Kennedy traded 50,515 shares at $3, National Enterprises , traded 3,112 stock units at $9.80, Republic Financial Holdings traded 19,660 shares valued at $1,995,462 and closed at $101.50, Sagicor Financial ended at $8, trading 100 shares trading.