Winning stocks were absent from the Trinidad and Tobago Stock Exchange on Friday, except for one as declining stocks continue to dominate market that has been in continuous decline for years that closed with a 52 percent drop in the volume of stocks traded, with a 33 percent lower value than on Thursday, resulting in 16 securities trading, down from 20 on Thursday and ending with prices of one stock rising, eight declining and seven ended firm.
The market closed with trading of 356,474 shares for $2,045,458 compared to 738,069 stock units at $3,061,906 on Thursday.
An average of 22,280 shares were traded at $127,841 compared with 36,903 units at $153,095 on Thursday, with trading month to date averaging 11,550 shares at $144,483 compared with 11,026 units at $145,296 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index slipped 2.26 points to 1,118.49, the All T&T Index dropped 3.18 points to wrap up trading at 1,673.86, the SME Index remained unchanged at 78.26 and the Cross-Listed Index dipped 0.18 points to close at 73.37.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Ansa McAl remained at $63 after an exchange of 45 stocks, Calypso Macro Investment Fund ended at $24.25, with 1,569 units crossing the market, investors traded 540 shares of First Citizens Group at $44.05 each. FirstCaribbean International Bank ended at $6.86 with an exchange of 10,005 stock units, Guardian Holdings fell 10 cents in closing at a 52 weeks’ low of $15.45 with 100 shares clearing the market, JMMB Group ended at $1.10 with a transfer of 2,095 units. Massy Holdings gained 2 cents in closing at $3.60 following the trading of 318,218 stocks, National Enterprises remained at $3.19 after an exchange of 1,560 stock units, National Flour Mills dipped 3 cents to finish at $2 with investors trading 89 shares. One Caribbean Media sank 52 cents and ended at $3.14 in switching ownership of 75 units, Prestige Holdings fell 40 cents to end at $11.50 with traders dealing in 1,743 stocks, Republic Financial shed 10 cents to close at a 52 weeks’ low of $115 in an exchange of 4,285 stock units. Scotiabank declined $1 to $63 after 3,250 shares crossed the market, Trinidad Cement lost 13 cents to finish at $2.51 after a transfer of 10,000 stocks, Unilever Caribbean skidded 24 cents and ended at $10.75 as investors exchanged 1,080 units and West Indian Tobacco remained at $8.50 after it closed with 1,820 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.