2 new highs 2 new lows on TTSE

Scotiabank traded at a 52 weeks’ high on Thursday.

Falling stock prices, outpaced rising stocks more than 2 to 1, at the close of trading on the Trinidad & Tobago Stock Exchange on Wednesday. All three market indices declined, as two declining stocks shed large amounts, while 2 each traded at 52 weeks’ high and low.
Ansa McAL declined by $3.03, to close at a 52 weeks’ low of $60 with just 2,028 shares trading, Republic Financial Holdings also closed at a 52 weeks’ low after losing $1.50 to end at $100.50, with 252 units changing hands while Scotiabank advanced $1 to settle at a 52 weeks’ high of $61 with 1,500 shares and Trinidad & Tobago NGL gained $1.95 to close at a 52 weeks’ high of $27 trading 3,300 shares. Scotiabank’s move is reflective of a rise in profit before Taxation of 11 percent and 5 percent after an increase in corporation tax rate in that country. Earnings per share ended the year at $3.73 for a PE ratio of 16.35.

T&T NGL closed at a record high on TTSE on Thursday.

Market activity ended with 14 securities changing hands compared to 13 on Wednesday leading to 3 stocks advancing, 7 declining and 4 holding firm.
A total of 221,067 shares traded at a value of $3,013,733 compared to Wednesday’s trades of 482,160 valued at $15,366,284.
The Composite Index declined by 6.28 points to 1,274.03, the All T&T Index lost 10.08 points to 1,743.57 and the Cross Listed Index was down 0.33 points to close at 108.44.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 4 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The other stock that gained is Clico Investment with a rise of 29 cents, in closing at $20.79 with 71,572 shares valued at $1,486,816.
Losses| Securities declining based on the last traded price are Grace Kennedy losing 4 cents in exchanging 25,000 shares to close at $2.96. JMMB Group closed at $1.88, with a loss of 2 cents trading 1,754 shares, Point Lisas fell 1 cent to $3.89 with 11,128 shares changing hands, Prestige Holdings ended with a loss of 5 cents, at $10.70 with 1,000 units, and Sagicor Financial traded 4 cents lower to $7.91 with 73,828 shares valued at $584,108.
Firm Trades| The last traded prices of securities closing with unchanged prices are Massy Holdings in exchanging 1,484 shares at $49, One Caribbean Media ending at $14 with 23,361 shares valued at $369,054, Trinidad Cementthat traded 650 units at $3.95 while Unilever Caribbean remained at $34 with 1,210 shares trading.

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