Big Trinidad fall

The Trinidad and Tobago Stock Exchange closed sharply lower on Thursday, with the Composite Index declining 17.35 points to 1,333.85, the All T&T Index dropping 32.46 points to 2,007.34 and the Cross-Listed Index dipping 0.17 points to settle at 85.82 as Ansa McAl suffered a big loss, with the volume of stocks traded declining 33 percent with a 61 percent lower value than on Wednesday resulting in 20 securities trading compared with 23 on Wednesday, with five stocks rising, eight declining and seven remaining unchanged.
Investors traded 494,036 shares for $6,344,529 versus 740,203 stocks at $16,479,131 on Wednesday.
An average of 24,702 shares were exchnaged at $317,226 down from 32,183 stocks at $716,484 on Wednesday, Trading month to date averages 42,660 shares at $477,489 compared to 43,719 stock units at $486,944 on the previous day. The average trade for November ended at 51,348 units at $461,794.
The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $50 after trading 1,544 shares, Angostura Holdings remained at $24 as investors exchanged 9,176 units, Ansa McAl fell $7.50 to $51.50 after a transfer of 3,000 stock units. Clico Investment Fund shed $2 to end at $27 in switching ownership of 96,017 stocks, First Citizens Group popped 22 cents to $52.22 after an exchange of 3,939 units, FirstCaribbean International Bank ended at $5.80 in an exchange of 15,000 stocks. Guardian Holdings dropped 36 cents to $26.99 and closed with 9,668 shares changing hands, JMMB Group popped 1 cent in closing at $1.92 in trading 640 stock units, L.J. Williams B share ended at $2.35 with one share crossing the market. Massy Holdings closed trading at $4.50, with 193,700 shares changing hands, National Enterprises advanced 13 cents to close at $3.40 with a transfer of 27,126 stock units, National Flour Mills dipped 10 cents to $1.50 with 12,880 stocks clearing the market. NCB Financial declined 4 cents to $4.51 as 76,190 units passed through the market, Point Lisas gained 31 cents in ending at $3.50 while exchanging 362 shares, Republic Financial lost 1 cent to close at $138.99 with an exchange of 2,070 stock units. Scotiabank ended at $78.39 after 6,740 stocks were traded, Trinidad & Tobago NGL fell 47 cents to $23.50 with investors transferring 20,483 units, Trinidad Cement ended at $3.90, with 12,500 shares crossing the exchange. Unilever Caribbean rallied 1 cent to $12.90 with the swapping of 1,000 stocks and West Indian Tobacco shed $1 to close at a 52 weeks’ low of $21 in exchanging 2,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.