More declines for Trinidad Exchange stocks

The Trinidad and Tobago Stock Exchange lost ground again on Monday, as declining stocks beat out risers by a 4 to 1 ratio, following a 36 percent fall in the volume of stocks traded with a 42 percent fall in the value compared with Friday and resulting in trading in 17 securities compared with 18 on Friday, with prices of two stocks rising, eight declining and seven remaining unchanged.
Investors traded 139,700 shares for $1,491,369, down from 218,165 stock units at $2,569,756 on Friday.
An average of 8,218 shares were exchanged at $87,728 compared with 12,120 units at $142,764 on Friday, with trading month to date averaging 11,816 shares at $206,947 compared with 13,515 units at $263,247 on the previous trading day. The average trade for May closed at 23,500 for $216,502.
The Composite Index dropped 7.28 points to 1,233.39, the All T&T Index lost 6.05 points to end trading at 1,885.20, the SME Index remained at 69.27 and the Cross-Listed Index dipped 1.20 points to close at 74.99.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings shed 95 cents to end at $22.15 after a transfer of 100 shares, Calypso Macro Investment Fund fell 1 cent to $21.98 after an exchange of 39 stock units, First Citizens Group dropped $2.99 to $46 with investors exchanging 1,400 stocks, FirstCaribbean International Bank ended at $7.01 in switching ownership of 51,270 units. GraceKennedy fell 24 cents to $3.55 with 20,263 stocks being traded, Guardian Holdings gained 5 cents to end at $20.05 after exchanging 1,564 stock units, JMMB Group dipped 2 cents in closing at $1.38 as shareholders traded 2,541 units, Massy Holdings dipped 1 cent and ended at $4.98, with 20,323 shares crossing the market. National Enterprises endned at $3.55 after an exchange of 9,033 stock units, National Flour Mills ended at $1.50 with investors transferring 9 units, NCB Financial remained at $3 with 2,949 stocks changing hands One Caribbean Media ended at $3.71 after shareholders traded 100 shares. Prestige Holdings ended at $8.50 with an exchange of 306 stocks, Republic Financial lost 40 cents in closing at a 52 weeks’ low of $127.50 as 299 stock units pass through the market. Scotiabank increased $1 to end at $77 with a transfer of 5,216 shares, Trinidad & Tobago NGL ended at $18.25, with 1,946 units crossing the market and Unilever Caribbean dipped 30 cents to $15 while exchanging 22,342 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.