Few shares rise on Trinidad Exchange

Stocks continued with the negative bias for the year at the close of the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 17 securities trading up from 14 on Tuesday and ending with prices of just two stocks rising, eight declining and seven ending firm with the volume of stocks traded, declining by 48 percent valued 41 percent lower than on Tuesday.
The market closed with 129,803 shares trading valued at $924,862 compared to 247,600 stock units at $1,557,890 on Tuesday.
An average of 7,635 shares were traded at $54,404 compared with 17,686 units at $111,278 on Tuesday, with trading month to date averaging 9,346 shares at $144,793 compared with 9,446 units at $150,075 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index popped 4.49 points higher to 1,123.67, the All T&T Index slipped 2.47 points to 1,682.69, the SME Index sank 9.52 points to 78.26 and the Cross-Listed Index rallied 1.67 points to 73.55.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Calypso Macro Investment Fund remained at $24.25 in switching ownership of 90 stock units, Endeavour Holdings shed $2 to $15, with 240 shares changing hands, First Citizens ended at $44.05 after trading 3,747 units. FirstCaribbean International Bank ended trading at $6.86 after an exchange of 7,992 stocks, GraceKennedy slipped 10 cents to finish at $3.79 with a transfer of 3,390 units, JMMB Group gained 10 cents to end at $1.13 as investors exchanged 1,120 shares. Massy Holdings skidded 5 cents to $3.60 with 98,074 stocks passing through the market, National Enterprises ended at $3.20 with an exchange of 2,520 stock units, National Flour Mills fell 2 cents to end at $2.03 with 270 shares crossing the market. NCB Financial popped 20 cents in closing at $3 after a transfer of 431 units, Prestige Holdings lost 29 cents and ended at $11.61 with investors exchanging 828 stocks, Republic Financial dropped $1.10 to finish at $114 after an exchange of 2,059 stock units. Scotiabank ended at $63.99 with investors trading 63 shares, Trinidad & Tobago NGL remained at $7 with 65 stock units clearing the market, Trinidad Cement fell 5 cents to $2.51 with traders dealing in 1,135 units. Unilever Caribbean slipped 1 cent to $10.99, with 118 stocks crossing the market and West Indian Tobacco ended at $8.50 in trading 7,661 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.