Negative trend continues on TTSE

Activity on the Trinidad and Tobago Stock Exchange continued at elevated levels with trading in 15 securities on Wednesday but two of the three market indices declined marginally as 4 stocks advanced and 6 declined, with the prices of 5 remaining unchanged. A total of 376,984 shares changed hands valued at $3,536,222.
The Composite Index ended with a gain of 0.16 points to 1,160.10, the All T&T Index fell 0.89 points to 1,942.85 and the Cross Listed Index gained 0.08 to end at 49.69.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 6 stocks with offers that were lower.
Gains| Grace Kennedy closed with a rise of 1 cent to $4.04, with 122,053 shares valued at $493,081 changing hands, Guardian Holdings ended with 5,472 shares trading at $13.31 for a gain of 3 cents. National Commercial Bank closed with a gain of 1 cent at $2.12 while trading 10,000 shares and Republic Financial Holdings gained 2 cents to close at $111.97 with 7,825 shares changing hands at a value of $572,176.
Declines| Angostura Holdings closed with just 2 shares changing hands with an 18 cents loss, to end at $13.75, Clico Investment Fund traded 1,539 units, to end at $22.72 after slipping 3 cents, JMMB Group traded 10,100 shares but lost 1 cent, in closing at 53 cents. National Flour traded 133,973 shares valued at $348,330 to close with a loss of 10 cents at $2.60, Trinidad Cement closed with a loss of 1 cent at $3.98, with 3,688 shares changing hands and West Indian Tobacco had 1,585 shares trading with a fall of 3 cents to $126.27.
Firm Trades| Agostini’s traded 5,272 shares at $17, Clico Investment Fund traded 3,100 shares at $22.75, First Citizens ended with 31,093 units with a value of $1,088,329 changing hands at $35, National Enterprises closed with 1,005 shares changing hands at $16. Praetorian Property Mutual Fund ended trading at $3.09 with 35,703 shares changing hands and Trinidad and Tobago NGL ended at $21.50 with 7,674 shares changing hands.