No end in sight for TTSE slide

The slide on the Trinidad & Tobago Stock Exchange continued on Wednesday as trading ended with 274,176 shares valued at $5,683,931 changing hands. A total of 11 securities traded with 7 falling, 2 gaining while 2 remained unchanged. Three stocks closed at a 52 weeks’ low.
The market closed with the Composite Index declined by 5.30 points to close at 1,130.15, the All T&T Index fell by 10.53 points to close at 1,805.98 and the Cross Listed Index remained at 60.35.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy, a clear sign of a weakness.
Gains| Unilever Caribbean gained 1 cent to close at $66 with 48 shares trading and West Indian Tobacco traded 350 shares and gained 1 cent in ending at $126.28.
Losses| Agostini’s traded 1,000 shares at $17.02 with a fall of 2 cent in trading at $17.01, Clico Investments Fund ended with a volume of 23,885 shares valued at $538,607 to end with a gain of 1 cent at $22.55, Guardian Holdings ended trading 10,703 shares but declined by 15 cents to close at $13.80. Massy Holdings ended with 72,398 shares valued at $3,981,164 changing hands as the price dropped $1.01 to end at a 52 weeks’ low of $54.98, National Enterprises closed with 7,388 shares changing hands at a 52 weeks’ low of $9 after falling by 49 cents. Republic Financial Holdings dropped 1 cent to close at $111.99 with 150 shares changing hands and Scotiabank closed with 392 shares changing hands with a loss of 6 cents to end at a 52 weeks’ low of $57.43.
Firm Trades| Firstcaribbean International Bank closed at $6.50 with 114,000 units valued at $741,000 changing hands and National Commercial Bank traded 43,862 shares to end at $2.40.