Falling stocks overwhelms on Trinidad Exchange

Falling stocks beat out those rising by a wide margin in trading on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 18 percent but with a 50 percent lower value than on Thursday and resulting in trading of 17 securities down from 20 on Thursday and ended with prices of two stocks rising, nine declining and six remaining unchanged as one stock traded at a 52 weeks’ high and two at 52 weeks’ lows.
Investors exchanged 350,108 shares for $1,555,401 compared with 297,021 stock units at $3,111,188 on Thursday.
An average of 20,595 units were traded at $91,494 compared to 14,851 shares at $155,559 on Thursday, with trading month to date averaging 16,820 shares at $211,502 compared with 16,593 units at $218,711 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index lost 1.78 points to finish at 1,195.48, the All T&T Index skidded 3.65 points to end at 1,811.24, the SME Index remained unchanged at 72.38 and the Cross-Listed Index rose 0.03 points to end at 75.11.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped 95 cents and ended at $67.50 with an exchange of 288 units, Angostura Holdings remained at $22.15, with 61 stocks crossing the market, First Citizens Group lost 15 cents to close at $49.10 with an exchange of 2,533 stock units. FirstCaribbean International Bank ended at $7 after 1,900 stock units crossed the exchange, GraceKennedy ended at $3.90 in trading 281 shares, JMMB Group remained at $1.41 after 118,348 units passed through the market. L.J. Williams B share dipped 21 cents to end at $2.05 after an exchange of 1,120 stocks, Massy Holdings fell 10 cents in closing at $4.40 after 71,884 stock units were traded, National Enterprises rallied 1 cent and ended at $3.55, with 1,244 shares changing hands. NCB Financial remained at $2.85 in an exchange of 139,965 stocks, Point Lisas increased 10 cents to a 52 weeks’ high of $3.60 with shareholders swapping 2,016 units, Prestige Holdings declined 5 cents to close at $11.25 as investors exchanged 41 stock units. Republic Financial shed 50 cents and ended at $120 in switching ownership of 3,528 shares, Scotiabank skidded 1 cent in closing at $70.99 with an exchange of 15 stocks, Trinidad & Tobago NGL lost 22 cents to end at a 52 weeks’ low of $10.60, with 4,861 units clearing the market. Unilever Caribbean ended at $11.48 with investors trading 23 stock units and West Indian Tobacco shed 26 cents to end at a 52 weeks’ low of $9.25 after an exchange of 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.