Falling stocks crush T&TSE winners


The Trinidad and Tobago Stock Exchange slipped on Thursday, with the volume of stocks traded falling 53 percent with a 43 percent lower value than on Wednesday. Investors traded in 23 securities, up from 21 on Wednesday and ending with prices of three stocks rising, nine declining and 11 ending firm.

The market closed with trading of 472,518 shares worth $1,763,518, after tumbling from 1,005,818 stock units at $3,083,122 on Wednesday.
An average of 20,544 shares were traded at $76,675, compared with 47,896 units valued at $146,815 on Wednesday. Trading for the month to date averages 30,151 shares at $130,031, down moderately from the 30,774 stock units at $133,486 on the previous day and an average of 19,192 shares worth $97,440 for January .
The Composite Index slipped 1.75 points to end at 937.14, the All T&T Index dipped 1.65 points to settle at 1,352.48, the SME Index remained at 92.68 and the Cross-Listed Index lost 0.26 points to finish at 68.93.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with lower offers.
At the close of the market, Agostini popped 7 cents to $62.07 with 33 shares crossing the exchange, Angostura Holdings slipped 5 cents to a 52 weeks low of $10.95 with a transfer of 338 stock units, Ansa McAl remained at $38 with 35 shares clearing the market. AS Bryden ended at $1.50 after an exchange of 4,490 stocks, CIBC Caribbean Bank fell 10 cents to $8.20 with the trading of 150 units, First Citizens Group ended at $38.50 in an exchange of 477 shares. GraceKennedy finished at $3.35, with an exchange of 158 stock units, Guardian Holdings dipped 35 cents to $14.75 after an exchange of 40,914 stocks, Guardian Media remained at 68 cents with traders dealing in 7,895 stock units. JMMB Group rose 1 cent to close at 80 cents in an exchange of 1,185 shares, Massy Holdings ended at $3.65 with investors dealing in 22,709 stocks, Medcorp sank $1 to finish at $44 in switching ownership of 25 units. National Enterprises skidded 2 cents to $2.40 with investors trading 273,544 stock units, National Flour Mills ended at $1.50 with a mere one share changing hands, NCB Financial increased 9 cents to $2.04 after trading of 7,309 stock units. One Caribbean Media remained at $1.35 after a transfer of 90,000 stocks, Point Lisas fell 5 cents and ended at $5.20 with investors trading 286 units, Republic Financial dropped 20 cents to close at $105 with 737 shares passing through the market. Scotiabank remained at $45.75 following trading of 575 units, Trinidad & Tobago NGL ended at $5.50 after an exchange of 18,915 stocks, Trinidad Cement ended at $1.73 with 100 stock units crossing the market. Unilever Caribbean declined by 75 cents to finish at $14.25 after 1,704 shares were exchanged and West Indian Tobacco dipped 11 cents and ended at a 52 weeks low of $2.50 with an exchange of 938 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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