Declining stocks dominate on Trinidad Exchange


Declining stocks outpaced risers, at the close of the Trinidad and Tobago Stock Exchange on Wednesday, resulting in 20 securities trading compared with 18 on Tuesday and ending with prices of four rising, eight declining and eight ending firm, following a 432 percent surge in the volume traded, valued 69 percent more than on Tuesday.

The market closed with trading of 736,736 shares for $3,967,681 compared to 138,481 stock units at $2,344,902 on Tuesday.
An average of 36,837 shares were traded at $198,384, up from 7,693 stock units at $130,272 on Tuesday, with trading month to date averaging 13,547 shares at $273,046 within the range of 11,477 units at $279,682 on the previous day and an average for June of 21,123 shares at $212,612.
The Composite Index slipped 4.53 points to wrap up trading at 1,012.35, the All T&T Index sank 1.96 points to 1,484.20, the SME Index climbed 4.68 points to end at 96.08 and the Cross-Listed Index sank 1.02 points to 71.05.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini increased by 50 cents in ending at $67 after an exchange of 26 shares, Ansa McAl ended at $42, after 696 units passed through the market. CIBC Caribbean Bank skidded 20 cents to $8.40 with traders dealing in 500 shares. Endeavour Holdings rose 10 cents to end at a 52 week high of $19.10 as investors exchanged 600 stock units, First Citizens Group remained at $42.50 with 725 stocks clearing the market, GraceKennedy popped 18 cents and ended at $3.68 in switching ownership of 40 units. Guardian Holdings fell 2 cents to $16.85 with investors swapping 43,867 shares, JMMB Group sank 1 cent to end at $1.06 after a transfer of 11,800 stock units, Massy Holdings lost 3 cents in closing at $3.97 after an exchange of 99,244 stocks. Medcorp remained at $47 with a transfer of 430 units, National Enterprises gained 3 cents to finish at $2.05 following 7,000 shares passing through the market, National Flour Mills ended at $1.63 with an exchange of 100 shares. One Caribbean Media dropped 9 cents to a 52 week low of $2.50 with investors trading 10 stock units, Prestige Holdings shed 10 cents to close at $13.40 in an exchange of 3,823 shares, Republic Financial ended at $112 with investors trading 4,805 units. Scotiabank remained at $50.50 after closing trading of 80 stocks, Trinidad & Tobago NGL remained at $3.60 with investors dealing in 545,305 stock units, Trinidad Cement declined 2 cents and ended at a 52 week low of $2.03, with 5,500 shares crossing the market. Unilever Caribbean sank 15 cents to $14 in an exchange of 9,973 units and West Indian Tobacco ended at $4.20, with 2,212 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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