Falling stocks dominate T&T Stock Exchange


Falling stocks outpaced winners on the Trinidad and Tobago Stock Exchange on Monday, following trading in 20 securities compared with 19 on Friday and ending with prices of three stocks rising, 10 declining and seven ending firm. Trading resulted in prices of six closing at 52 weeks lows.

The market closed with the volume of stocks traded falling 6 percent, with an 83 percent higher value than on Friday, with trading of 204,220 shares valued at $2,079,710 compared to 219,533 units at $1,150,026 on Friday.
An average of 10,211 shares were exchanged for $103,985 compared with 11,554 units at $60,528 on Friday, with trading month to date averaging 39,322 shares at $309,673 compared to 41,015 units at $321,632 on the previous day and an average for September of 37,104 shares at $224,976.
The Composite Index dropped 4.06 points to close trading at 966.77, the All T&T Index slipped 5.20 points to 1,397.71, the SME Index remained unchanged at 97.70 and the Cross-Listed Index declined 0.40 points to 70.76.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Agostini ended at $66.50 after trading of 365 shares, Ansa McAl climbed 24 cents to $42.73 after an exchange of 4,935 stocks, AS Bryden fell 21 cents to $2.01, with 2,542 shares crossing the market. CIBC Caribbean Bank fell 1 cent to finish at $8.46 with an exchange of 2,656 units, First Citizens Group dipped 47 cents and ended at 52 weeks low of $36 after 1,700 stock units passed through the market, GraceKennedy remained at $3.49 in trading 17 shares. Guardian Holdings slipped 2 cents to $14 after a transfer of 622 units, JMMB Group dipped 6 cents to close at 52 weeks low of 89 cents with investors swapping 44,936 stocks, Massy Holdings sank 4 cents and ended at 52 weeks low of $3.56 with a transfer of 20,110 stock units. National Enterprises remained at $2.10 with 3,714 shares changing hands, National Flour Mills rose 3 cents in closing at $1.60 in switching ownership of two units, NCB Financial skidded 2 cents to end at $1.91 with traders dealing in 97,000 stocks. One Caribbean Media lost 2 cents to end at a 52 weeks low of $1.78 in an exchange of 1,411 stock units, Prestige Holdings ended at $13.75, with 50 shares changing hands, Republic Financial slipped 25 cents to close at a 52 weeks low of $106 in an exchange of 13,149 stocks. Scotiabank shed 20 cents in closing at 52 weeks low of $48.40 with investors trading 72 units, Trinidad & Tobago NGL ended at $2.99 with 2,253 stock units clearing the market, Trinidad Cement advanced 2 cents to finish at $1.95 after an exchange of 15 shares and West Indian Tobacco remained at $3.81 with investors dealing in 8,471 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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