Trading surged on Trinidad Stock Exchange

Trading surged on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded jumping 1,940 percent, with the value up 255 percent more than on Thursday, resulting in activities in just 16 securities compared to 21 on Thursday, with prices of five stocks rising, three declining and eight remaining unchanged.
A total of 1,134,926 shares were exchanged for $7,308,478, up from a mere 55,627 units at $2,061,311 on Thursday. An average of 70,933 units traded at $456,780 compared to 2,649 shares at $98,158 on Thursday, with trading month to date averaging 44,123 shares at $477,495 versus 42,703 units at $478,592 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index lost 1.08 points to end at 1,358.91, the All T&T Index fell 1.69 points to 2,021.50 and the Cross-Listed Index dipped 0.06 points to settle at 90.98.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $25 after trading 7,850 shares, Ansa McAl shed 25 cents in closing at $56.50 in switching ownership of 500 units, Clico Investment Fund ended at $31.90 after exchanging 6,509 stock units. First Citizens Group ended at $50 trading 2,900 stocks, FirstCaribbean International Bank remained at $5.08, with 1,930 shares crossing the market, Guardian Holdings climbed 25 cents in closing at $25.75 as investors exchanged 1,012 stocks. JMMB Group slipped 1 cent to close at $2.30 with 62,976 units crossing the exchange, Massy Holdings dipped 14 cents after ending at $4.65 and closed with 971,595 stock units changing hands, National Enterprises popped 2 cents to end at $3.35 while exchanging 24,076 stocks. Prestige Holdings remained at $6.40 with 15,825 shares crossing the market, Republic Financial Holdings ended at $140.50 after trading 8,529 units, Scotiabank advanced 27 cents to end at $78.67 with a transfer of 81 stock units. Trinidad & Tobago NGL rallied 11 cents in closing at $22.10 with investors transferring 29,581 shares, Trinidad Cement remained at $3.55 in an exchange of 1,000 units, Unilever Caribbean increased 15 cents to $13.15 in trading 500 stock units and West Indian Tobacco ended at $22.90 in exchanging 62 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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