Declining TTSE stocks dominate market

Stock prices tumbled on the Trinidad and Tobago Stock Exchange on Friday, with the market declining after investors traded 183 percent more shares than on Wednesday after the market closed for the public holiday on Thursday.

Trinidad & Tobago Stock Exchange Head Quarters

The market closed with eighteen securities trading with only one advancing, nine declining and eight unchanged.  Trading resulted in 151,140 shares changing hands valued at $2,448,131 compared to 53,461 shares for $2,171,697 from 13 securities on Wednesday.
The average trade on Friday amounts to 8,397 units at $136,007 versus an average of 4,112 stock units for $167,054 for each security on Wednesday. For the month to date, the average trade resulted in an exchange of 10,356 units at $135,151 compared to 10,508 units at $135,085 on Wednesday. August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index declined by 2.89 points to 1,314.26, the All T&T Index shed 1.95 points to 1,792.90, while the Cross Listed Index lost 0.52 points to close at 112.84.
IC bid-offer Indicator The Investors Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers.
Stocks rising One Caribbean Media climbed 14 cents to end at $5.20 trading 1,400 units.
Stocks declining Agostini’s fell to a 52 weeks’ low of $23.50, with a loss of $1 in exchanging 850 units, Angostura Holdings lost 1 cent transferring 1,277 units to settle at $16.99, First Citizens Bank shed 29 cents to close at $46.20, with 7,772 stock units crossing the market.  JMMB Group lost 8 cents trading 9,509 stock units to end at $1.70, Massy Holdings slid 94 cents to $58.06 in a transfer of 165 units, NCB Financial Group lost 2 cents to close at $7.68, with 1,448 units changing hands. National Enterprises slipped 1 cent to $4 after transferring 38,285 shares, Trinidad and Tobago NGL finished at $16, with a loss of 1 cent trading 49,574 shares and West Indian Tobacco shed 15 cents to settle at $36, in exchanging 8,395 stock units.
Stocks trading firmAnsa McAL ended at $53 with trades of 650 units, Clico Investments exchanged 20,040 shares at $25.50, Guardian Holdings transferred 5,572 stock units at $19.30. Guardian Media held firm at $5, trading 2,000 units, National Flour remained at $1.83, with 2,400 units changing hands, Republic Financial Holdings traded 300 units at $142.02. Scotiabank closed at $54.80 in transferring 1,000 units and Trinidad Cement exchanged 503 units at $2.05.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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