Losers beat winners 2 to 1 on T&T exchange


Falling stock prices overpowered those rising by more than 2 to 1 in trading on the Trinidad and Tobago Stock Exchange on Tuesday. Trading activity slowed compared with Monday’s levels, with the volume of stocks traded falling 18 percent and the value slipping 8 percent compared with Monday’s activity, resulting from 19 securities trading, down from 22 on Monday and ending with prices of five stocks rising, 11 declining and three ending firm.

The market closed with trading of 214,947 shares for $1,574,412, after easing from 260,956 stock units at $1,707,680 on Monday.
An average of 11,313 shares were traded at $82,864, in sliding from 11,862 stock units at $77,622 on Monday, with trading month to date averaging 10,174 shares at $84,543 compared with 10,007 units at $84,784 on the previous day and an average for July of 11,573 shares at $105,485.
The Composite Index gained 3.28 points to end at 1,008.03, the All T&T Index increased 1.50 points to 1,434.14, the SME Index remained at 71.72 and the Cross-Listed Index rallied 0.74 points to 77.36.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Agostini declined 5 cents to close at a 52 weeks low of $54.95 with 26 stocks clearing the market, Angostura Holdings remained at $10.65 with investors trading 2,650 units, Ansa McAl shed $1 to finish at $45 with 2,534 shares crossing the market. CIBC Caribbean Bank ended at $7.50 after a transfer of 18,181 stocks, First Citizens Group remained at $39 with 3,447 shares being traded, GraceKennedy dipped 1 cent to close at $3.90 with trading in 1,435 stock units. Guardian Holdings fell 6 cents to $16.25 in switching ownership of 8,652 units, Guardian Media rose by 1 cent to 81 cents with investors trading 600 stock units, JMMB Group popped 8 cents in closing at 84 cents with 534 shares crossing the exchange. Massy Holdings slipped 6 cents and ended at $3.46 with 123,946 shares changing hands, National Enterprises increased 20 cents to close at $4.55 with 20,080 units changing hands, National Flour Mills advanced 10 cents to finish at $1.60 after trading of 1,828 stocks. NCB Financial rose 5 cents to $3.25 in an exchange of 17,525 shares, Republic Financial lost 1 cent and ended at $109.99 with 1,643 stock units crossing the market, Scotiabank skidded 59 cents to finish at $44.90 after an exchange of 4,865 units. Trinidad & Tobago NGL dipped 13 cents to close at $10.36 in trading 1,241 stocks, Trinidad Cement lost 7 cents in closing at $1.73 after an exchange of 4,693 shares, Unilever Caribbean declined 4 cents to$14.75 with a transfer of 553 stocks and West Indian Tobacco fell 5 cents to $4.20 after a transfer of 514 units.
Prices of securities trading are those of the last transaction.

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