Almost 77 percent of stocks traded on the Trinidad and Tobago Stock Exchange declined on Thursday, resulting from trading in 17 securities compared with 19 on Wednesday, with prices of just two rising, 13 declining and two ending firm. The volume traded rose 134 percent, with an 80 percent fall in value from Wednesday.
The market closed with trading of 746,572 shares for $2,558,668 compared to 319,312 stock units at $12,508,661 on Wednesday.
An average of 43,916 shares were traded at $150,510 compared with 16,806 stock units for $658,351 on Wednesday, with trading month to date averaging 21,971 shares at $231,473, well in line with 20,711 units at $236,124 on the previous day compared with an average in May amounting to 24,702 shares at $146,628.
The Composite Index slipped 1.66 points to settle at 1,035.64, the All T&T Index fell 2.88 points to end at 1,504.62, the SME Index remained unchanged at 91.81 and the Cross-Listed Index dipped 0.05 points to 74.73.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini’s popped $1 to $66 in an exchange of 915 shares, Angostura Holdings fell 2 cents to finish at $14.78, with 378 stocks clearing the market, Ansa McAl skidded 75 cents and ended at $44 with an exchange of 593 shares. CIBC Caribbean Bank sank 2 cents in closing at $8.74 with an exchange of 145 stock units, First Citizens Group ended at $42.70 with a transfer of 715 units, GraceKennedy dipped 5 cents to end at $3.80 as investors exchanged 23,010 shares. Guardian Holdings shed 12 cents in closing at $16.85 after a transfer of 8,569 units, Guardian Media declined 3 cents to 97 cents with investors trading 1,873 stocks, JMMB Group lost 7 cents to close at $1.08 after an exchange of 5 stock units. Massy Holdings dipped 1 cent to end at $3.93 with investors swapping 228,949 shares,
National Enterprises remained at $2.42, after 468,293 units passed through the market, National Flour Mills rallied 2 cents to $1.65 after an exchange of 145 stocks. Prestige Holdings sank 10 cents to $12.89 with investors trading 6,685 stock units, Republic Financial slipped 20 cents in closing at $112.05 in an exchange of 382 shares, Scotiabank lost 15 cents to finish at a 52 week low of $51.45 with investors dealing in 123 stocks. Unilever Caribbean dropped 55 cents and ended at $13.88, with 552 units crossing the market and West Indian Tobacco sank 12 cents to close at $4.80 in trading 5,240 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.