Trading plunges on Trinidad Exchange

Market activity dropped sharply on the Trinidad and Tobago Stock Exchange on Thursday compared to Wednesday resulting from a 60 percent fall in the volume of shares changing hands, with a 57 percent lower value.
At the close, 13 securities traded down from 15 on Wednesday, with six rising, two declining and five finishing unchanged. The Composite Index shed 0.23 points to 1,453.35, the All T&T Index fell 1.23 points to close at 2,000.55 and the Cross-Listed Index climbed 0.12 points to settle at 121.61.
A total of 180,932 shares traded for $4,346,163 versus 456,389 units at $9,489,463 on Wednesday.
An average of 13,918 units traded at $334,320 down from 30,426 shares at $632,631 on Wednesday, with trading month to date averaging 22,761 units at $494,134. November averaged 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s traded 18,616 shares at $24.50, Clico Investment Fund gained 25 cents to end at $28.25, with 19,452 units clearing the market, First Citizens Group ended at $56.75 in an exchange of 528 stocks.GraceKennedy dipped 1 cent in closing at $6.10 after exchanging 51,678 stock units, Guardian Holdings finished at $30.33, with 8,070 shares changing hands, Guardian Media rose 7 cents to end at $3.10 after trading 50 stocks. JMMB Group popped 2 cents to $2.28 in switching ownership of 6,360 stock units, Massy Holdings had an exchange of 20,191 shares at $95.58 while NCB Financial Group rallied 10 cents to $8.10 with 49,726 units crossing the market. Republic Financial Holdings ended at $138 in an exchange of 1,525 shares, Scotiabank increased $1 to $67 after 4,086 stocks crossed the market, Trinidad & Tobago NGL lost 25 cents to end at $18.50 after an exchange of 300 stock units and Trinidad Cement rallied 2 cents in closing at $3.87 after trading 350 shares.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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