Investors dump T&T Stock Exchange stocks


Falling stocks overwhelmed winners on the Trinidad and Tobago Stock Exchange on Tuesday, following activity in 20 securities compared with 22 on Monday and ending with prices of just three stocks rising, 10 declining and seven ending firm, after an 81 percent fall in the volume of stocks traded, with an 80 percent drop in the value compared with Monday.

The market closed with trading of a mere 180,176 shares valued at $1,068,207, after slumping from 942,411 stock units at $5,340,668 on Monday.
An average of 9,009 shares were traded at $53,410, after declining from 42,837 units at $242,758 on Monday, with trading month to date averaging 54,736 shares at $422,728 compared with 59,601 units at $462,017 on the prior day and an average for September of 37,104 shares at $224,976.
The Composite Index dropped 6.03 points to settle at 991.53, the All T&T Index fell 10.05 points to close trading at 1,442.43, the SME Index remained at 99.17 and the Cross-Listed Index dipped 0.24 points to settle at 71.21.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini ended at $67 after trading 11 shares, Angostura Holdings popped 10 cents to finish at $13.10 after traders exchanged 783 stocks, Ansa McAl remained at $43.75 with a transfer of 7 shares. AS Bryden dropped 21 cents in closing at $2.46 with investors swapping 11,007 stock units, Calypso Macro Investment Fund remained at $23 with an exchange of 1,135 units, First Citizens Group sank $1.19 to close at a 52 weeks low of $36.50 with 3,308 stocks crossing the market. Guardian Holdings ended at $14 in an exchange of 8,385 shares, JMMB Group declined 4 cents and ended at a 52 weeks low of 95 cents with investors trading 6,000 units, L.J. Williams B share shed 13 cents to close at $1.05 with 100 stock units crossing the exchange. Massy Holdings fell 9 cents to end at a 52 weeks low of $3.65 with investors trading 52,563 shares, National Enterprises slipped 2 cents in closing at $2.10 with traders switching ownership of 2,425 stocks, National Flour Mills remained at $1.61 after closing with an exchange of 1,000 units. One Caribbean Media lost 13 cents and ended at a 52 weeks low of $1.82 with traders dealing in 835 stock units, Point Lisas ended at $4.05 after a transfer of 900 shares, Republic Financial dipped 50 cents to finish at $107 with 1,372 units passing through the market. Scotiabank sank 30 cents to close at $48.70 in trading 429 stocks, Trinidad & Tobago NGL ended at $3 after an exchange of 77,779 stock units, Trinidad Cement gained 1 cent to end at $1.93, with investors dealing in 1,000 shares. Unilever Caribbean rose 15 cents to $13.75 with 10,875 stocks crossing the market and West Indian Tobacco skidded 2 cents to $4.08 in an exchange of 262 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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