Trading plunged on the Trinidad and Tobago Stock Exchange on Wednesday compared to Tuesday, with a 76 percent drop in the volume traded and a 77 percent fall in value, following trading in 21 securities compared with 25 on Tuesday and ending with prices of only three rising, nine declining and nine ending firm.
The market closed with trading of a mere 92,806 shares for $1,239,915, down from 393,264 stock units at $5,477,809 on Tuesday.
An average of 4,419 shares were traded at $59,044, well below the 15,731 stock units at $219,112 on Tuesday. Trading for the month to date averages 73,891 shares at $397,305 compared to 77,155 units at $413,197 on the preceding day and above the average of 16,054 shares at $137,863 in August.
The Composite Index slipped 0.81 points to close trading at 1,018.17, the All T&T Index dipped 1.55 points to settle at 1,446.90, the SME Index remained at 74.69 and the Cross-Listed Index was unchanged at 78.38.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the month, Agostini dropped 50 cents to $49 with a transfer of 1,196 units, Angostura Holdings shed 27 cents and ended at $10.40 after an exchange of 30 stocks,
Ansa McAl ended at $44.99 with 31 shares changing hands. Ansa Merchant Bank ended at $28.33 after 2 stocks passed through the market, First Citizens Group fell 5 cents to $40 in trading of 1,753 shares, GraceKennedy closed at $4.15, with 2,658 stocks clearing the market. Guardian Holdings ended at $16.60 with trading of 258 stock units, Guardian Media skidded 1 cent to 85 cents and closed with an exchange of 500 stocks, Massy Holdings lost 5 cents and ended at $3.35 after a transfer of 18,756 shares. National Enterprises ended at $4.60 after trading of 8,950 stocks, National Flour Mills remained at $1.70, with 12,399 units crossing the market, NCB Financial dipped 28 cents to close at $2.95 with investors trading 6,500 stock units. One Caribbean Media declined 1 cent to $1.67 with 2,000 shares crossing the exchange, Point Lisas remained at $7.50 after trading of 98 units, Republic Financial slipped $2 to end at $113, with 5,417 shares changing hands.
Scotiabank fell 10 cents to end at $47.50 with investors trading 976 stock units, Trinidad & Tobago NGL gained 1 cent in closing at $10.26 in an exchange of 27,610 shares, Trinidad Cement rose 5 cents to finish at $2.05 with investors dealing in 3,072 units. Unilever Caribbean advanced 5 cents and ended at $15.55 after an exchange of 101 stocks, West Indian Tobacco ended at $4.15 with investors swapping 138 stock units and West Indian Traders ended at $2.13, with 361 shares crossing the market.Prices of securities trading are those for the last transaction.