The Trinidad and Tobago stock market closed on Monday with moderate trading, on a day when Trinidad Cement shed 10.7 percent of its value in reaction to lower profits in the June quarter as a result of falling revenues and non-recurring cost, while T&T NGL continued rising, sitting only 25 cents from the historical high. At the close the market indices inched higher as 10 securities traded resulting in 102,121 shares valued at $713,793 changing hands.
On a day when there were 5 declining stocks, 3 stocks gained and only 2 remained unchanged.
The Composite Index fell 2.56 points to close at 1,150.34, the All T&T Index slipped 2.85 points to close at 1,815.44 and the Cross Listed Index lost 0.31 at 64.57.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 7 stocks with bids higher than their last selling prices and 8 with offers that were lower.
Gains| Sagicor Financial Corporation gained 1 cent and closed with 23,650 shares changing hands at $7.01, Trinidad and Tobago NGL closed with 3,921 shares changing hands at $24.74 after gaining 1 cent and West Indian Tobacco rose 2 cents with 100 shares changing hands at $126.30.
Losses| Firstcaribbean International Bank traded 17,524 units changing hands and lost 9 cents, to close at $6.99, 
Massy Holdings ended with 20 shares changing hands to end with a loss of 2 cents at $56.70, Prestige Holdings traded 2,892 shares at and lost 5 cents to end at $10.90. Republic Financial Holdings traded only 108 shares but fell 2 cents to close at $109.98 and Trinidad Cement closed with a loss of 36 cents at $3 with 51,600 units trading.
Firm Trades| Angostura Holdings ended with 250 shares changing hands to close unchanged at $13.50 and Scotiabank contributed 2,056 shares to end at $55.
5 TTSE stocks fall on Monday
July 25, 2016 by
