Losers beat winners on Trinidad Exchange


Stocks ended with losers outnumbering winners by a wide margin on the Trinidad and Tobago Stock Exchange on Thursday, as investors held back participation in trading, resulting in the volume of stocks traded declining by 28 percent, valued 15 percent less than on Wednesday. The day closed with 18 securities changing owners, down from 22 on Wednesday and ending with prices of two stocks rising, seven declining and nine ended firm.

The market closed with trading of 820,809 shares for $2,881,614 in dropping from 1,132,874 stock units at $3,390,814 on Wednesday.
An average of 45,601 shares were traded at $160,090 compared to 51,494 stock units at $154,128 on Wednesday, with trading month to date averaging 29,065 shares at $216,766, decreasing slightly from 24,873 units at $231,139 on the previous day and higher than the average for November of 14,324 shares at $180,106.
The Composite Index fell 0.10 points to 942.24, the All T&T Index fell 0.19 points to 1,358.25, the SME Index remained at 94.31 and the Cross-Listed Index ended unchanged at 69.56.
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 $62.40 in trading 40 shares, Angostura Holdings gained 50 cents to $13 after closing with an exchange of 78 stocks, AS Bryden remained at $1.96 with an exchange of 582 units. CIBC Caribbean Bank remained at $8.30 with 150 shares crossing the market, First Citizens Group slipped 10 cents to finish at a 52 weeks low of $34 after an exchange of 165 stock units, GraceKennedy ended at $3.60 with 205 shares trading. JMMB Group ended at 75 cents after an exchange of 588,522 stocks, Massy Holdings lost 1 cent to end at $3.79 with 458 units crossing the market, Medcorp remained at $48 with investors trading 200 stock units. National Flour Mills sank 6 cents to finish at $1.49 after 306 shares passed through the exchange, One Caribbean Media remained at $1.33 with a transfer of 10,150 stock units, Prestige Holdings ended at $13.15 with 60 stocks crossing the exchange. Republic Financial skidded $2 to $102 after trading of 14,754 units, Scotiabank rose 15 cents to close at $45 as investors exchanged 6,831 stock units, Trinidad & Tobago NGL ended at $2.65 after 152,514 shares were traded. Trinidad Cement sank 2 cents to end at $1.80 with traders dealing in 1,350 units, Unilever Caribbean dropped 5 cents and ended at $13.45 in an exchange of 4,872 units and West Indian Tobacco fell 16 cents to finish at a 52 weeks low of $2.74 with investors dealing in 39,572 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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