Bears have upper hand on TTSE

The bearishness continues on the Trinidad & Tobago Stock Exchange with decline in all three indices on Friday, with closing as indicators continue to point to more losses ahead.
On Friday, the number of securities traded slipped to 12 against 13 on Thursday as the market closed with 3 stocks advancing, 5 declining and 4 remaining unchanged. Trading ended with 159,389 shares at a value of $998,772 compared to 284,392 shares valued $2,181,738 on Thursday.
At close of the market the, Composite Index declined 0.89 points on Friday to 1,245.44, the All T&T Index lost 0.26 points to 1,697.20, while the Cross Listed Index shed 0.21 points to close at 106.95.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 3 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| JMMB Group concluded trading 4 cents higher and ended trading at $1.90, with 3,000 stock units changing hands, LJ Williams B share added 1 cent and ended at 71 cents, after exchanging 1,000 shares and Trinidad & Tobago NGL increased 10 cents to end at $27.45, after exchanging 3,035 shares.
Losses| First Citizens fell 3 cents and ended at $32.52, after exchanging 1,298 shares, Guardian Holdings closed with a loss of 20 cents at $15.65, after 3,922 shares changing hands, NCB Financial Group shed 5 cents and ended at $5.94, trading 30,158 shares, One Caribbean Media lost 1 cent and completed trading at a 52 weeks low of $12.43, with 5,000 stock units changing hands and Sagicor Financial ended trading 5 cents lower and settled at $7.80, with 3,000 units.
Firm Traded| First Caribbean International Bank finished trading at $9, after exchanging 100 shares, Grace Kennedy settled at $3.15, with 106,000 units, Prestige Holdings concluded market activity at $10.01, after exchanging 949 shares and Republic Financial Holdings completed trading at $101.65, with 1,927 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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