Falling stocks dominate Trinidad stock market

Guardian Holdings sank $2 to a multi-year low, followed by Unilever Caribbean sank $1.19 leading 11 declining stocks as the negative trend continues on the Trinidad and Tobago Stock Exchange on Friday, with trading of 20 securities up from 14 on Thursday and ending with prices of four stocks rising and five ending firm, with a 159 percent rise in the volume of stocks traded valued 578 percent more than on Thursday.
The market closed with trading of 405,822 shares valued at $5,575,145 compared to 156,738 stock units at $821,702 on Thursday.
An average of 20,291 shares were traded at $278,757 compared with 11,196 units at $58,693 on Thursday, with trading month to date averaging 19,010 shares at $133,047 compared with 18,868 stock at $116,944 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index dropped 10.02 points to wrap up trading at 1,068.94, the All T&T Index declined by 10.26 points to end the day at 1,608.53, the SME Index remained at 78.26 and the Cross-Listed Index fell 1.37 points to conclude trading at 68.80.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading, Angostura Holdings remained at $17.75 after 45 stocks passed through the market, Ansa McAl fell 7 cents to end at $63.50 after an exchange of 53,877 units, Ansa Merchant Bank ended at $41.50, with 215 shares changing hands. Calypso Macro Investment Fund remained at $24 with investors trading 123 stock units, First Citizens Group rallied 50 cents and ended at $44 with 11 shares clearing the market, FirstCaribbean International Bank skidded 33 cents to finish at $6.70 in trading 8,000 stocks. GraceKennedy ended at $3.65, with 2,825 units crossing the exchange, Guardian Holdings sank $2 to close at a 52 weeks’ low of $12.50 with traders dealing in 16,982 stock units, JMMB Group remained at $1.05 after a transfer of 94,797 shares. Massy Holdings increased 1 cent in closing at $3.58 with investors dealing in 61,560 stocks, National Enterprises dipped 2 cents to end at $3.04 in an exchange of 35,894 units, National Flour Mills lost 10 cents to finish at $1.90 with just 1 stock unit crossing the market. One Caribbean Media declined 5 cents to $3.10 with investors swapping 5,936 shares, Prestige Holdings sank 52 cents to end at $10.98 with 33,594 stock units crossing the market, Republic Financial dropped 60 cents in closing at a 52 weeks’ low of $112.50 in trading 3,718 stocks. Scotiabank climbed 5 cents and ended at $57.85 as investors exchanged 6 stock units, Trinidad & Tobago NGL shed 10 cents to finish at a 52 weeks’ low of $5.80 in switching ownership of 9,402 stocks, Trinidad Cement slipped 30 cents to close at $2.54 with investors trading 4,051 stock units. Unilever Caribbean sank $1.19 to a 52 weeks’ low of $10.61 with an exchange of 19,838 shares and West Indian Tobacco popped 10 cents to finish at $6.50 and closed with 54,947 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.