Falling T&TSE stocks overwhelm winners


Following closure of the market on Monday for a public holiday, stock prices went downhill in huge numbers at the close of the Trinidad and Tobago Stock Exchange on Tuesday, following trading in 23 securities compared with 21 on Friday and ending with prices of only three stocks rising, 14 declining and six ended firm. Trading ended with an 83 percent fall in the volume of stocks traded, valued 80 percent lower than on Friday.

The market closed with trading of 718,662 shares valued  $3,201,832, down sharply from 4,254,206 stock units at $16,345,008 on Friday.
An average of 31,246 shares were traded at $139,210, well below the 202,581 stock units at $778,334 on Friday. Trading for the month to date averages 32,004 shares for $251,725, in alignment with 32,048 units at $258,260 on the previous trading day and above the average for February of 30,770 shares at $141,333.
Notwithstanding the lopsided number of stocks with losses to gains, the Composite Index just dipped 1.55 points to 932.84, the All T&T Index skidded 2.21 points to end at 1,341.35, the SME Index remained at 91.16 and the Cross-Listed Index dipped 0.12 points to close trading at 69.39.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, Agostini gained 15 cents in ending at $61.95 in an exchange of 241 shares, Angostura Holdings ended at $10.89 with investors swapping 222 stocks, Ansa McAl ended at $37.01 with 257 stocks passing through the market. Ansa Merchant Bank shed $1 to close at $24.50 with dealing in 1,000 shares, AS Bryden fell 6 cents to end at $1.40 while trading 1,397 stocks, CIBC Caribbean Bank sank 9 cents to finish at $8.20, with an exchange of 120 shares. Endeavour Holdings dipped 4 cents to $18.40 after an exchange of 8 units, Eric Solis Marketing lost 10 cents to end at a 52 weeks loss of $3.90 following trading of 98 stocks, First Citizens Group declined 19 cents in closing at $34.46 in an exchange of 4,250 stock units. GraceKennedy ended at $3.35, with 41,110 shares crossing the market, Guardian Holdings sank 5 cents to finish at $15.10 with investors dealing in 569 stocks, JMMB Group skidded 2 cents and ended at 81 cents after it closed with an exchange of 2,934 units. Massy Holdings popped 13 cents to $3.49, with 526,565 stock units crossing the market, National Enterprises dropped 36 cents in closing at $3.24 as investors exchanged 1,475 shares, National Flour Mills remained at $1.50, with 3,511 stocks cleared from the market. Point Lisas shed 50 cents and ended at $6.50 with an exchange of 10,879 units, Prestige Holdings remained at $12.40, with 16 stock units changing hands, Republic Financial advanced 95 cents to finish at $106.20 with investors trading 3,345 shares. Scotiabank lost 35 cents to $45.15 in switching ownership of 261 stock units, Trinidad & Tobago NGL slipped 14 cents to finish at $7.90, with 34,994 stocks crossing the exchange, Trinidad Cement sank 9 cents and ended at $1.61 with a transfer of 2,210 units. Unilever Caribbean declined 70 cents to close at $14 after an exchange of 5,963 stocks and West Indian Tobacco ended at $2.45 with investors trading 77,237 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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