Plenty prices drop on T&T Stock Exchange


Stocks lost ground on the Trinidad and Tobago Stock Exchange on Tuesday, even with a 295 percent surge in the volume of stocks traded and a 221 percent rise in value over trading on Monday, resulting from activities in 20 securities compared with 19 on Monday and ending with prices of just three stocks rising, nine declining and eight ended firm.

The market closed with trading of 577,233 shares for $3,183,745, up from only 146,214 stock units at $990,655 on Monday.
An average of 28,862 shares were traded at $159,187, well above the 7,695 units at $52,140 on Monday, with trading for the month to date ending with an average of 18,550 shares at $107,019 compared to an average for May of 24,702 shares at $146,628.
The Composite Index sank 3.96 points to wrap up trading at 1,041.77, the All T&T Index skidded 2.87 points to settle at 1,528.52, the SME Index remained unchanged at 91.76 and the Cross-Listed Index lost 0.72 points to settle at 72.91.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and six with lower offers.
At the close of trading, Angostura Holdings ended at $14.80 with investors swapping 19 shares, Ansa McAl closed at $45 after 441 units passed through the market, Ansa Merchant Bank ended at $39.50 in trading 63 shares. CIBC Caribbean Bank closed at $8.25 and closed after 31 stock units were traded, First Citizens Group declined 60 cents to finish at $43 with investors trading 23,126 stocks, GraceKennedy finished trading 506 units at $3.89. Guardian Holdings remained at $17 with investors swapping 36,933 stocks, Guardian Media slipped 2 cents to end at 98 cents after an exchange of 1,263 shares, JMMB Group lost 7 cents in closing at $1.15, after trading of 164,203 stock units. Massy Holdings ended at $4.02 in an exchange of 11,373 shares, National Enterprises fell 2 cents to finish at $2.42 with investors dealing in 41,013 units, National Flour Mills slipped 4 cents and ended at $1.61 in switching ownership of 5,000 stocks. NCB Financial fell 4 cents to $1.98 after an exchange of 222,381 stock units, One Caribbean Media dipped 3 cents in closing at $2.67 with 20,000 shares crossing the market, Prestige Holdings rallied 17 cents to end at $10.61 with an exchange of 2,950 stocks. Republic Financial increased 8 cents and ended at $112.23 with 1,181 units crossing the market, Scotiabank shed 10 cents to close at $54.85 as investors exchanged 425 stock units, Trinidad & Tobago NGL climbed 24 cents to finish at $3.75, with 69 shares changing hands. Unilever Caribbean dipped 3 cents to $13.75 with 31,742 stock units crossing the exchange and West Indian Tobacco remained at $5 with traders dealing in 14,514 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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