Rising TTSE stocks beat decliners – Tuesday

Trading on the Trinidad and Tobago Stock Exchange on Tuesday resulted in more declining than advancing stocks. The market closed with 10 active securities changing hands, with 4 stocks rising, 1 declining while 5 remaining unchanged, as 84,743 shares valued at $757,765 changed hands. The market ended with 3 stocks closing at 52 weeks’ lows.
The Composite Index gained 1.18 points to close at 1,109.08, the All T&T Index advanced by 2.35 points to close at 1,761.36 and the Cross Listed Index remained at 60.73.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 6 stocks with bids higher than their last selling prices and 7 with offers that were lower. The indicator has been showing improving market sentiments recently but it may not mean the end of declining stocks.
Gains| Clico Investment Fund traded 3,125 shares to close 5 cent up at $22.65, Massy Holdings gained 2 cents in trading 1,292 shares at $48, Trinidad and Tobago NGL rose 40 cents in trading 14,195 units at $20.50 and Trinidad Cement gained 1 cents to close at $3.51 with 300 shares changing hands.
Losses| National Enterprises declined by 2 cents with 100 units trading at $11.20 to be the sole stock to fall in price.
Firm Trades| Ansa Merchant Bank traded 300 shares at $39.50, First Citizens Bank close at $30 as 1,746 units changed hands, Guardian Holdings had 9,035 shares changing hands to end at $13, Praetorian Property Mutual Fund traded 54,000 units at $2.70 and Sagicor Financial closed with 650 units changing hands at $7.17