Scotiabank drops $3 on Trinidad Exchange


Scotiabank dropped $3 to close at a one year low and Eric Solis Marketing ended at a record high on the Trinidad and Tobago Stock Exchange on Tuesday with market activity resulted in a 68 percent drop in the volume of stocks traded with a 43 percent lower value than Monday resulting in trading of 18 securities, down from 22 on Monday and ending with prices of four rising, six declining and eight ending firm.

The market closed with trading of 315,181 shares for $3,526,365, down sharply from 982,432 stock units at $6,238,336 on Monday.
An average of 17,510 shares were traded at $195,909, down from 44,656 stock units at $283,561 on Monday, with trading for the month to date averaging 22,312 shares at $161,519, pretty much in line with 23,829 units at $150,666 on the previous day and an average for April of 16,843 shares at $114,481.
The Composite Index sank 7.71 points to close at 1,036.85, the All T&T Index shed 13.96 points to close at 1,512.85, the SME Index remained unchanged at 91.85 and the Cross-Listed Index declined 0.14 points to wrap up trading at 73.83.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s advanced 21 cents to $67.25 in an exchange of 4,911 shares, Angostura Holdings remained at $14.80 after 10,193 stock units passed through the market, Ansa McAl ended at $48 in an exchange of 102 shares. CIBC Caribbean Bank closed at $8.10 with investors trading 150 stocks, Eric Solis Marketing rose 20 cents and ended at a 52 weeks’ high of $4.20 with 22 units crossing the market, First Citizens Group skidded 63 cents to close at $42.37 with a transfer of 1,092 shares. GraceKennedy climbed 13 cents to $4 with investors swapping 35 units, Guardian Holdings sank 5 cents and ended at $16.70 with 9,597 stock crossing the exchange, Massy Holdings remained at $3.95 in trading 172,421 stock units. National Enterprises remained at $2.45 with 20,100 shares crossing the market, National Flour Mills ended at $1.60 in switching ownership of 5,000 stocks, NCB Financial remained at $2.39 after an exchange of just one stock unit. Prestige Holdings declined 9 cents to $10.81 with 64 stock units clearing the market, Republic Financial increased 59 cents in closing at $110.65 with an exchange of 12,600 shares, Scotiabank fell $3 to finish at a 52 weeks’ low of $50 after investors ended the trading of 8,392 stock units. Trinidad & Tobago NGL ended at $3.32, with 46,490 stocks changing hands, Unilever Caribbean slipped 4 cents to close at $12.16 after an exchange of 100 units and West Indian Tobacco dropped 21 cents to end at $5.21 and closed with 23,911 stocks trading.

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

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