Trading plunges on the Trinidad Exchange


Trading dropped sharply and ended with just four stocks recording price changes on the Trinidad and Tobago Stock Exchange on Wednesday, with activities in only nine securities down sharply from 17 on Tuesday and ending with prices of one stock rising, three declining and five ending firm. At the close, the volume of stocks traded dropped 98 percent and the value 90 percent lower than on Tuesday.

The market closed with trading of 30,940 shares valued at $656,618 compared to 1,543,720 stock units at $6,648,762 on Tuesday.
An average of 3,438 shares were traded at $72,958 compared with 90,807 units at $391,104 on Tuesday, with trading month to date averaging 20,659 shares at $139,277 compared with 21,327 units at $141,850 on the previous day and an average for March of 16,679 shares at $130,461.
The Composite Index lost 0.89 points to conclude trading at 1,043.05, the All T&T Index shed 2.51 points to end at 1,530.91, the SME Index remained unchanged at 86.66 and the Cross-Listed Index gained 0.12 points to close at 72.92.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and six with lower offers.
At the close on a day of reduced activities, First Citizens Group remained at $41.80, with 1,900 shares clearing the market, Guardian Holdings ended at $16.50 with a transfer of 412 units, JMMB Group ended at $1.10 and closed after 728 stocks passed through the market. Massy Holdings rose 10 cents to end at $4 with investors trading 1,100 shares, National Enterprises remained at $2.50 after a transfer of 2,835 stock units, One Caribbean Media lost 8 cents and ended at a 52 weeks’ low of $2.61 with 15,000 shares changing hands. Republic Financial sank $1.05 to $110.94 after trading of 4,319 stocks, Scotiabank remained at $52.56 with 339 units crossing the exchange and West Indian Tobacco dipped 43 cents to finish at a 52 weeks’ low of $5 with investors dealing in 4,307 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com