Falling stocks hits T&T Stock Exchange


An avalanche of falling prices hit the Trinidad and Tobago Stock Exchange on Monday, following trading in 21 securities compared with 26 on Friday and ended with prices of only three stocks rising, 13 declining and five ending firm. The volume of stocks traded rose 94 percent 333,419 shares, up from 171,590 stock units on Friday, with a 38 percent higher value of $2,708,783 compared to $1,956,685 on Friday.

The market closed with an average of 15,877 shares being traded at $128,990 compared to 6,600 units at $75,257 on Friday, with trading month to date averaging 30,062 shares at $117,954 compared with 31,082 units at $117,159 on the previous day and an average for January of 19,192 shares, with an average of $97,440.
The Composite Index skidded 9.17 points to wrap up trading at 929.63, the All T&T Index skidded 5.01 points to end at 1,346.76, the SME Index remained unchanged at 92.68 and the Cross-Listed Index skidded 1.93 points to close at 67.60.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Agostini gained $2 to close at $62 with 20 shares passing through the market, Angostura Holdings dropped $1.05 to $11.20 after an exchange of 4,414 stock units, Ansa McAl fell $2 and ended at $37 with 364 shares crossing the market. AS Bryden ended at $1.50 with traders switching ownership of 450 units, CIBC Caribbean Bank dipped 30 cents to end at $8 after dealers swapped 5,000 stocks, First Citizens Group declined 90 cents in closing at $39.10 after trading of 10,010 shares. GraceKennedy shed 8 cents to end at $3.30 after the trading of 18,102 stocks, Guardian Holdings remained at $14.75 after a transfer of 4,490 units, Guardian Media skidded 6 cents to end at 62 cents with investors trading 652 stock units. JMMB Group slipped 2 cents to 80 cents with 2 shares changing hands, Massy Holdings shed 2 cents to finish at $3.65 with a transfer of 45,301 units, National Enterprises remained at $2.42 with investors swapping 115,200 stocks. National Flour Mills declined 5 cents to $1.45 in an exchange of 710 stock units, NCB Financial sank 4 cents to close at $1.93 with traders dealing in 13,511 shares, One Caribbean Media ended at $1.35 in an exchange of 23,312 stocks. Point Lisas popped 5 cents in closing at a 52 weeks high of $5.20 with investors trading 3,594 units, Republic Financial rallied $1.75 to finish at $105 with an exchange of 10,771 stocks, Scotiabank lost 25 cents and ended at $45.50 with 518 shares crossing the market. Trinidad & Tobago NGL ended at $5.50 as investors exchanged 76,566 stock, Trinidad Cement shed 20 cents to end at $1.74 with 100 stocks clearing the market and Unilever Caribbean sank 75 cents to $14.25 with investors dealing in 332 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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