Trading ended with 692 percent more shares changing hands on the Trinidad and Tobago Stock Exchange on Thursday that on Wednesday and was accompanied by ten times surge in the value of the trades, resulting in more stocks rising than falling.
The market closed with seven securities trading with five stocks advancing, one declining and one unchanged. The volume of stocks passing through the market amounted to 219,249 shares valued at $6,747,616 compared to 31,676 shares for $665,454 on Wednesday from 11 securities.
The average trade on Thursday amounted to 31,321 units at $963,945 versus an average of 2,880 stock units for $60,496 for each security. The average trade for the month to date, ended at 12,716 units at $286,746 for each security, in contrast to 11,499 units at $242,443. For the July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index gained 2.28 points to 1,319.49, the All T&T Index advanced by 5.22 points to 1,785.77, while the Cross Listed Index lost 0.10 points to close at 115.28.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than its last selling price and two with lower offers.
Stocks rising│ Clico Investments advanced by $1.28 to $27.78, with 39,728 shares changing hands, Massy Holdings closed $2 higher at $60, in trading 87,629 shares, NCB Financial Group picked up 1 cent to finish at $7.87, with 4,500 stock units crossing the market. Republic Financial Holdings exchanged 714 units at $141.25, having gained 25 cents and Trinidad and Tobago NGL ended at $17.50 after rising 25 cents and trading 1,183 units.
Stocks declining│ JMMB Group lost 3 cents trading 80,495 shares at $1.90.
Stocks trading firm│ Unilever Caribbean exchanged 5,000 stock units in closing at $17.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.