It was another day of falling prices on the Trinidad and Tobago Stock Exchange on Tuesday as the number of companies trading climbed to 21 from 17 on Monday. The market closed with no stock rising, seventeen declining while four remained unchanged, which is similar to trading on from last Wednesday when no more than two securities gained.
Four stocks closed at 52 weeks’ low as the market encountered five consecutive days of losses at the close market sentiments and closed with negative with stocks closing with a four to one bias towards declines as shown by the IC bid-offer Indicator.
The T&T Composite Index declined by 9.76 points to 1,460.77. The All T&T Index fell 5.31 points to end at 1,882.88, while the Cross Listed Index closed with a decline of 1.94 points at 140.67.
The volume of stocks passing through the market rose to 886,239 shares valued $18,028,177 compared to 553,555 shares valued $11,598,176 on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the two bids of stocks higher than their last selling prices and eight with lower offers.
Losers| Angostura Holdings lost 4 cents trading 14,714 units to end at $16.21, Clico Investment slid $1.40 to $26.50, while transferring 4,372 units, First Citizens Bank lost 6 cents and closed at $46.95, with 206,915 shares crossing the market. First Caribbean International shed 4 cents trading 1,293 to end at $7.85, Grace Kennedy lost 5 cents exchanging 1,860 stock units to end at $3.30, Guardian Holdings transferred 945 units at $21.60, after slipping 35 cents.
JMMB Group shed 8 cents exchanging 170,055 shares to close at $2.02, Massy Holdings declined by $1 to $59 in transferring 15,490 units and National Enterprises traded 27,269 stock units after falling 15 cents to close at a 52 weeks’ low of $5.40. National Flour closed at $1.30 in exchanging 111,161 units and lost 15 cents, One Caribbean Media lost 10 cents to close at a 52 weeks’ low of $7.15, with 200 units crossing the market, Point Lisas shed 30 cents exchanging 200 units to end at $3.45. Prestige Holdings declined by 50 cents to $8.50 trading 3,585 shares, Republic Financial Holdings lost 4 cents and closed at $145.43, transferring 18,703 units and Scotiabank fell 7 cents to $62.45, in exchanging 150 stock units. Trinidad & Tobago NGL shed 31 cents trading 16,736 shares and closed at a 52 weeks’ low of $16.19 and Unilever Caribbean dropped to a 52 weeks’ low of $19.10, after falling $1.40 with 3,300 units crossing the market.
Firm Trades| Agostini’s exchanged 1,342 stock units at $25.55, Ansa McAL traded 1,000 shares at $55.32, NCB Financial ended at $11, with 285,949 units changing hands and West Indian Tobacco transferred 1,000 shares at $37.
Prices of securities trading for the day are those at which the last trade took place.