Negative outlook for TTSE

stocks Activity on the Trinidad and Tobago Stock Exchange continued with moderate price movement with trading in 9 securities on Thursday and more prices rising than falling but there is a clear negative bias with several stocks closing with offers below their last sale price.
At the close 1 stocks advanced, 2 declined, with the prices of 6 remaining unchanged. A total of 738,453 shares changed hands valued at $6,423,607.
The Composite Index ended with a gain of 0.47 points to 1,164.14 the All T&T Index fell 0.56 points to 1,940.77 and the Cross Listed Index gained 0.21 to end at 51.08.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with only 3 stocks with bids higher than the last selling price and 9 stocks with offers that were lower.
Gains| National Commercial Bank rose 5 cents and closed at $2.30 while trading 4,527 shares.
TTSE 14-01-16 Declines| Angostura Holdings traded 850 shares at a 52 weeks’ low of $16.64 with a fall of 10 cents and Scotiabank lost 4 cents to end at $61.85 while trading 1,100 shares.
Firm Trades| Clico Investment Fund traded 68,941 shares valued at $1,568,390 to close at $22.75, First Citizens had 14,596 shares with a value of $510,847 changing hands at $35, JMMB Group traded 23,930 units at 55 cents. Republic Financial Holdings closed at $112 with 1,157 shares changing hands, the stock closed with the bid at $112 to buy 234,511 shares, Sagicor Financial Corporation traded 622,852 shares changing hands for a value of $4,048,538 at $6.50 and West Indian Tobacco closed at $126.29 as 500 shares changed hands.

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