Falling stocks outpace winners on T&TSE


Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded inching up 13 percent and the value surged 245 percent compared with Wednesday after trading in 18 securities compared with 18 on Wednesday and ending with prices of three stocks rising, eight declining and seven ended firm.

Trading resulted in an exchange of 422,900 shares for $7,890,409 up from 372,719 stocks at $2,285,554 on Wednesday.
An average of 23,494 shares were traded at $438,356, increasing from 20,707 units at $126,975 on Wednesday, with trading month to date averaging 63,019 shares at $398,403 sliding from 68,621 units at $392,737 on the preceding day and an average for September of 37,104 shares at $224,976.
In spite of the lopsided ratio of losers to winners, the Composite Index advanced 2.07 points to settle at 989.11, the All T&T Index advanced 3.98 points to close at 1,442.42, the SME Index remained unchanged at 99.17 and the Cross-Listed Index ended at 70.50.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Agostini remained at $67 in an exchange of 7 shares, Angostura Holdings sank 25 cents to $12.50 with investors trading 69 stock units, AS Bryden popped 42 cents to end at $2.75 with 1,150 shares crossing the exchange. CIBC Caribbean Bank ended at $8.25 in trading 50,000 stocks, First Citizens Group skidded 10 cents to close at $37.70 after an exchange of 712 units, GraceKennedy ended at $3.49 with investors trading 14 stocks. Guardian Holdings remained at $14 with 902 units passing through the market, L.J. Williams B share advanced 13 cents to $1.18 as investors exchanged 10 shares, Massy Holdings sank 3 cents to finish at a 52 weeks low of $3.71 with 52,949 stock units clearing the market. Medcorp dropped $2 to close at $50 with investors swapping 32 shares, National Enterprises lost 2 cents to end at $2.11, after closing with an exchange of 12,084 stocks, National Flour Mills ended at $1.61 with investors dealing in 550 units. NCB Financial remained at $1.93 as traders switched ownership of 235,500 stock units, Prestige Holdings slipped $1.07 to end at $12.50 after a transfer of 4,580 shares, Republic Financial rose 81 cents in closing at $107.31 with 61,764 stocks crossing the market. Scotiabank ended at $48.70 with a transfer of 2,504 units, Trinidad Cement fell 3 cents to close at $1.92 with 63 stock units crossing the market and Unilever Caribbean declined 5 cents to finish at $13.75 after traders exchanged 10 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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