Falling prices dominate TTSE – Tuesday

Bearishness sentiments continued on the Trinidad & Tobago Stock Exchange on Tuesday, as declining stocks over powered advancing ones by a ratio of more than two to one, while 2 stocks closed at 52 weeks’ lows.
On Tuesday, the number of securities traded rose to 17 against 15 on Monday as the market closed with just 3 stocks advancing, 7 declining and 7 remaining unchanged. Trading ended with 96,389 shares at a value of $1,565,623 compared to 393,337 shares at a value of $2,153,910 on Friday.
At close of the market the, Composite Index shed 8.30 points on Tuesday to 1,236, the All T&T Index rose 0.45 points to 1,697.39, while the Cross Listed Index declined 2.37 points to close at 104.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 3 stocks ending with bids higher than the last selling prices and 4 with lower offers, an indication of the continuation of a weak market currently.

Ansa Mcal ended at a 52 weeks’ low of $59.90.

Gains| Massy Holdings added 4 cents and concluded trading at $47.44, with 2,014 stock units changing hands, National Enterprises increased 10 cents and ended at $9.75, with 2,688 units and Trinidad Cement rose 36 cents and ended trading at $2.87, with 3,000 stock units changing hands.
Losses|Ansa McAl traded with a loss of 5 cents and ended at a 52 weeks’ low of $59.90, with 50 units, First Caribbean International Bank fell 10 cents and completed trading at $8.90, after exchanging 120 shares, Guardian Holdings closed with a loss of 35 cents and completed trading at $15.30, after exchanging 1,000 shares, NCB Financial Group shed 15 cents and settled at $5.65, after trading 14,400 shares, Republic Financial Holdings lost 7 cents and concluded market activity at $101.58, with 6,543 stock units changing hands, Sagicor Financial ended trading 10 cents lower and closed at 52 weeks’ low of $7.70, with 4,000 units and West Indian Tobacco concluded trading with a loss of 4 cents at $88.51, after exchanging 55 shares.
Firm Traded| Angostura Holdings closed at $15.72, with 4,596 stock units changing hands, Clico Investments ended trading 844 units at $20.16, First Citizens settled at $32.55, after exchanging 3,004 shares, Grace Kennedy ended at $3.15, with 3,300 units, JMMB Group ended at $1.90, with 36,500 stock units changing hands, National Flour completed trading at $1.66, after exchanging 1,000 shares and Trinidad & Tobago NGL settled at $27.48, after exchanging 13,275 shares.
Prices of securities trading for the day are those at which the last trade took place.

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