Prices drop on Trinidad Exchange

Falling stocks battered those rising at the close of trading on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 127 percent with a value 205 percent more than on Thursday, resulting from trading in 19 securities up sharply from just 10 on Thursday, with prices of two rising, seven declining and 10 remaining unchanged.
Investors exchanged 559,401 shares for $5,612,843 up from 246,775 stock units at $1,839,912 on Thursday.
An average of 29,442 units were traded at $295,413 compared to 24,678 shares at $183,991 on Thursday, with trading month to date averaging 17,702 shares at $191,805 compared with 16,903 units at $184,750 on the previous day. The average trade for August amounts to 14,526 shares at $195,195.
The Composite Index fell 1.77 points to finish at 1,210.25, the All T&T Index skidded 2.25 points to conclude trading at 1,851.21, the SME Index remained at 70.47 and the Cross-Listed Index skidded 0.17 points to close at 73.41.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $67 with an exchange of 1,656 shares, Angostura Holdings dipped 1 cent in closing at $22.98 after 5,070 stocks passed through the market, Ansa McAl remained at $57 with 5,000 units crossing the exchange, Calypso Macro Investment Fund skidded $1.55 to end at $23.50 with investors transferring 11 stock units. Endeavour Holdings ended at $13 in trading 50 units, First Citizens Group advanced 1 cent to $49.11 in switching ownership of 3,249 shares, FirstCaribbean International Bank shed 10 cents and ended at $6.90, with 3,634 stock units crossing the exchange, GraceKennedy dipped 1 cent to $3.28 with investors dealing in 106,160 stocks. Guardian Holdings remained at $19.10 after a transfer of 70 stock units, JMMB Group ended at $1.40 after an exchange of 192,693 units, Massy Holdings popped 11 cents to end at $4.95 in trading 57,734 stocks, National Enterprises remained at $3.55 after exchanging 124,154 shares. NCB Financial ended at $2.90 with a transfer of 100 stocks, Prestige Holdings remained at $7.95 with traders dealing in 2,071 units, Republic Financial ended at $121.50 while exchanging 15,854 shares, Scotiabank fell 25 cents to end at $72.50 after 18,280 stock units passed through the market. Trinidad & Tobago NGL lost 5 cents in closing at $12.90 with shareholders swapping 20,237 stock units, Unilever Caribbean declined 29 cents to $11.70 as investors exchanged 778 shares and West Indian Tobacco remained at $10.20 in an exchange of 2,600 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.