Falling stocks beat gainers on Trinidad Exchange

Declining stocks ended with a two to one advantage in trading on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 11 percent with a 62 percent lower value than on Tuesday and resulted in the trading of 17 securities compared with 21 on Tuesday, with five stocks rising, 10 declining and two remaining unchanged.
Investors exchanged 122,598 shares for $1,058,112 down from 138,059 stock units at $2,781,930 on Tuesday.
An average of 7,212 units were traded at $62,242 compared to 6,574 shares at $132,473 on Tuesday, with trading month to date averaging 26,312 shares at $172,183 compared with 35,331 units at $224,100 on the previous day. The average trade for September ended at 21,948 shares at $198,506.
The Composite Index rallied 0.82 points to finish at 1,212.81, the All T&T Index dipped 0.59 points to close at 1,847.56, the SME Index remained unchanged at 70.47 and the Cross-Listed Index rose 0.33 points to conclude trading at 74.70.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, Agostini’s remained at $68.50, with 4 shares changing hands, Angostura Holdings slipped 1 cent to end at $22.97 after an exchange of 40 units, Ansa McAl rose 25 cents to $57.50 after 2 stocks changed hands, First Citizens Group dipped 1 cent in closing at $49 after trading 862 stock units. FirstCaribbean International Bank shed 2 cents to close at $6.97, with 2,000 stocks crossing the market, GraceKennedy advanced 10 cents and ended at $3.40 with investors dealing in 4,000 stock units, Guardian Holdings skidded 5 cents to end at $19 after a transfer of 13,451 units, JMMB Group rallied 2 cents to close at $1.43 with stakeholders exchanging 5,201 shares. Massy Holdings slipped 1 cent to $4.84 with an exchange of 12,380 shares, National Enterprises fell 5 cents in closing at $3.55 after an exchange of 75,672 stocks, Point Lisas lost 24 cents to close at $3.06, with 500 stock units crossing the market, Republic Financial dipped 1 cent and ended at a 52 weeks’ low of $120 with a transfer of 2,111 units. Scotiabank ended at $72.51 in an exchange of 1,062 stocks, Trinidad & Tobago NGL gained 10 cents to close at $13 after 3,071 stock units changed hands, Trinidad Cement fell 1 cent to end at $3.13 with traders dealing in 14 shares, Unilever Caribbean skidded 20 cents in closing at $11.60, with 500 units clearing the market and West Indian Tobacco popped 1 cent to close at $10.06 in trading 1,728 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.