Falling stocks drag down Trinidad market

Trading activity continued to fall on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded declining 44 percent valued at 17 percent lower than on Friday resulting in the trading of 12 securities down from 18 on Friday and ending with prices of three stocks rising, five declining and four remaining unchanged.
The market closed trading with an exchange of a mere 49,600 shares for $1,406,823 compared with 88,802 stock units at $1,700,694 on Friday.
An average of 4,133 shares were traded on Monday at $117,235 compared to 4,933 units at $94,483 on Friday, with trading month to date averaging 10,209 shares at $109,691 compared to 10,706 units at $109,076 on the previous day that trading took place compared with an average for December of 17,065 shares at $239,371.
The Composite Index sank 1.85 points to close trading at 1,197.95, the All T&T Index dropped 3.58 points to close at 1,802.17, the SME Index remained at 78.23 and the Cross-Listed Index ended unchanged at 77.16.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading for the day, Agostini’s ended at $68.50 with an exchange of 1,882 units, Angostura Holdings dropped $2.32 to $20.10 with investors swapping 19 stocks, Ansa McAl ended at $57 after an exchange of 7,040 shares. First Citizens Group popped 1 cent in closing at $50.01 with investors trading 2,158 stock units, FirstCaribbean International Bank ended at $7 in an exchange of 2,900 shares, Massy Holdings sank 3 cents to $4.42 as 23,097 stock units passed through the market. National Enterprises rose 39 cents to $3.95 after investors ended the trading of 3,000 units, One Caribbean Media remained at $3.50 with 475 stocks crossing the exchange, Prestige Holdings declined 4 cents to end at $9.26 with traders dealing in 456 shares. Republic Financial lost $1 to close at $121 while exchanging 725 stocks, Scotiabank advanced 45 cents to $70 with investors transferring 7,712 units and Unilever Caribbean skidded 15 cents to end at $11.60 after 136 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.