Drop in trading hurts stocks

Stocks mostly fell Thursday, on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 50 percent, with the value dropping 75 percent from Wednesday, resulting in just trading in just 13 securities compared with 20 on Wednesday. At the close only one stock rose, six declined and six remained unchanged.
A total of 422,657 shares were exchanged for $2,703,297 down from 852,387 shares at $10,645,266 on Wednesday. An average of 32,512 shares were traded at $207,946 compared to 42,619 units at $532,263 on Wednesday. Trading month to date averaged 21,334 shares at $241,876 versus 20,266 units at $245,119 on the previous day.  September’s trading averaged 45,817 shares at  463,533.
The Composite Index lost 4.84 points to close at 1,335.11, the All T&T Index fell 0.46 points to 1,998.07 and the Cross-Listed Index slipped 1.33 points to 87.58.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings ended at $23.56, with 20 shares crossing the exchange, Ansa McAl remained at $56.50 with an exchange of 98 stocks, Clico Investment Fund gained 5 cents to end at $29.95 in trading 26,151 units. First Citizens Group shed 5 cents to end at $50 after 1,626 stock units passed through the market, GraceKennedy remained at $5.20 in exchanging 590 stock units, Guardian Holdings ended at $25.25 with ten stock units changing hands. JMMB Group ended at $2.02 as investors exchanged 159,748 units, Massy Holdings dipped 5 cents to end at $4.45  with 25,667 shares clearing the market, NCB Financial Group declined 17 cents in closing at $4.75 after exchanging 201,010 units. Point Lisas fell 17 cents to $3.08 in trading 50 shares, Republic Financial Holdings dipped 4 cents to close at $140 after1,917 stocks crossed the market, Scotiabank remained at $78.39 in trading 700 stock units and Trinidad & Tobago NGL lost 5 cents in closing at $22.95 with a transfer of 5,070 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.