Rising stocks just edged out declining ones following the closure of the Trinidad and Tobago Stock Exchange for the independence public holiday on Tuesday, with the value of price gains overwhelming losses resulting in gains for the major indices on Wednesday, following trading in 14 securities compared with 16 on Monday and ending with prices of six stocks rising, four declining and four ending firm, with the volume of stocks traded, declining 46 percent, with a 22 percent greater value than on Monday.
The market closed on Wednesday with trading of 370,071 shares for $3,759,642 compared with 684,957 stocks at $3,092,449 on Monday.
An average of 26,434 shares were traded at $268,546 compared with 42,810 units at $193,278 on Monday, with trading month to date averaging 20,000 shares at $158,497 compared with 19,643 stocks at $152,383 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index climbed 4.81 points to finish at 1,051.52, the All T&T Index rallied 8.30 points to end at 1,570.87, the SME Index remained at 87.78 and the Cross-Listed Index increased 0.15 points to settle at 69.38.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Angostura Holdings gained 99 cents in closing at $17 in switching ownership of 2,846 stocks, Ansa McAl ended at $62.80 with 501 units changing hands, Calypso Macro Investment Fund rose 62 cents and ended at $24.22 with investors trading 80 shares. First Citizens Group dropped 16 cents to end at $40.79 with 1,439 stock units clearing the market, GraceKennedy rallied 10 cents in closing at $3.80 with investors trading 1,143 shares, JMMB Group remained at $1.05 after an exchange of 2,600 stocks. Massy Holdings sank 10 cents and ended at $3.50 with 302,838 units crossing the market, National Enterprises remained at $3 as investors exchanged 10,101 stock units, National Flour Mills dipped 20 cents to close at $1.80 in trading 5,152 shares. Prestige Holdings ended at $11 after an exchange of 110 stocks, Republic Financial fell 10 cents to $112 with investors exchanging 2,888 units, Scotiabank popped 95 cents to end at $54.50 in an exchange of 40,120 stock units. Trinidad & Tobago NGL advanced 27 cents in closing at $4.97 with investors trading 153 shares and Trinidad Cement increased 10 cents to $2.60 with an exchange of 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.