Slippage in the Trinidad stock market


Stocks lost ground at the close of the Trinidad and Tobago Stock Exchange on Wednesday, after trading of 24 securities down from 25 on Tuesday, with prices of only two stocks rising, seven declining and 15 ending firm. Trading closed with a 16 percent increase In the volume of stocks changing hands and carrying a 50 percent lower value than on Tuesday.

The Composite Index lost 8.59 points to close at 924.17, the All T&T Index dropped 17.71 points to end trading at 1,323.52, the SME Index ended at 91.86 and the Cross-Listed Index rose by 0.18 points to finish at 69.55.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
The market closed with an exchange of 396,700 shares for $1,469,322, compared with 341,239 stock units at $2,953,241 on Tuesday.
An average of 16,529 shares were traded at $61,222 compared with 13,650 units at $118,130 on Tuesday, with trading month to date averaging 15,445 shares at $88,267 versus 14,891 units at $102,070 on the previous day and an average for February of 30,770 shares at $141,333.
At the close of trading, Agostini declined 1 cent to $62 with investors dealing in 25 shares, Angostura Holdings ended at $11 after an exchange of 5,011 stock units, Ansa McAl remained at $37.50 following trading of 134 shares. AS Bryden ended at $1.50 with 275 stocks changing hands, CIBC Caribbean Bank remained at $8.29 with traders dealing in 1,106 stock units, Endeavour Holdings ended at $18.44 afer dealers exchanged a mere 5 stocks. First Citizens Group lost $1 in, ending at $36 with investors swapping 2,392 units, GraceKennedy remained at $3.35 with 285 shares passing through the market, Guardian Holdings sank 25 cents to finish at $14.50 after an exchange of 4,841 stock units. JMMB Group advanced 3 cents and ended at 83 cents in trading 196 shares, Massy Holdings remained at $3.50 with 94,484 stocks crossing the exchange National Enterprises ended at $2.42 as investors exchanged 426 units. National Flour Mills concluded trading of 707 stock units at $1.50 , NCB Financial remained at $1.97 with 237,093 shares crossing the market, One Caribbean Media skidded 3 cents to $1.32 in an exchange of 2,500 units. Point Lisas remained at $5.90 with 129 stocks clearing the market, Prestige Holdings ended at $12.49 with an exchange of 20 stock units, Republic Financial ended at $105.25 with investors trading 750 shares. Scotiabank sank 25 cents in closing at $45.50 in an exchange of 2,484 stock units, Trinidad & Tobago NGL slipped 5 cents to $5.45 following trading of 40,908 stocks, Trinidad Cement remained at $1.73, with 25 stock units crossing the exchange. Unilever Caribbean fell 25 cents to end at $14 after a transfer of 2,604 shares and West Indian Tobacco rose 5 cents to finish at $2.50 with a transfer of 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com