Big T&T stocks push market higher

Gains by Angostura Holdings, First Citizens Bank and Republic Financial Holdings overcame the pressure from declining stocks in trading on the Trinidad and Tobago Stock Exchange on Tuesday and landed the primary market indices in positive territory after 38 percent more shares changed hands than on Monday.

Angostura Holdings aged rum.

Trading ended with 13 securities changing hands with the prices of three rising, five declining and five remaining unchanged. At the close, the Composite Index rose 2.64 points to 1,335.10, the All T&T Index gained 5.56 points to close at 1,779.73 and the Cross Listed Index slipped 0.04 points to 120.40.
The market closed with an exchange of 117,098 shares, for $2,763,303 compared to 84,633 units at $1,718,895 on Monday.
An average of 9,008 units traded for $212,562, up from 7,694 at $156,263 on Monday. An average of 10791 units traded at $266,706 for the month to date versus 11,958 units at $276,219. The average trade for the previous month amounted to 14,500 units at $237,988.
The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings gained 50 cents to end at $16 after exchanging 200 stock units, Calypso Macro Index Fund stayed at $14 after trading 675 stock units, Clico Investment Fund declined by 20 cents to  $25.28 in exchanging 8,295 units. First Citizens Bank shed 50 cents to end at $44 trading 23,525 shares, FirstCaribbean International Bank fell 1 cent to $7.04, with 500 stock units changing hands. Guardian Holdings shed 38 cents to end at $20.50 with an exchange of 19,648 stocks, JMMB Group closed at $1.94, finishing with 2,083 stock units, National Flour Mills settled at $2.20 in exchanging 33,087 shares. Point Lisas remained at $3.12 in trading 126 stocks, Republic Financial Holdings advanced 91 cents to $135.90 in an exchange of 1,117 units, Scotiabank settled at $58 after 1,604 units changed hands. Trinidad Cement rose 25 cents to close at a 52 weeks’ high of$3.25 after exchanging 4,700 stock units, West Indian Tobacco carved out a loss of 5 cents in ending at $35.35 after an exchange of 21,538 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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