Slippage on T&T Stock Exchange


Trading dropped on the Trinidad and Tobago Stock Exchange on Thursday compared with Wednesday, with the market closing after a 47 percent drop in volume and a 30 percent drop in value compared to Wednesday. Trading resulted in 18 securities changing hands, similar to Wednesday. At the close, prices of five stocks advanced, five declined and eight ended firm.

The market closed with trading of 255,708 shares with a value of $2,179,481, down from 479,187 stock unis worth $3,131,046 on Wednesday.
The average trade for the day was 14,206 shares at $121,082, after dropping from 26,622 units at $173,947 on Wednesday, with trading month to date averaging 18,932 shares at $348,412 after sliding from 19,392 stock units at $370,531 on the preceeding day and an average for March of 32,004 shares at $251,725.
The Composite Index fell 4.55 points to close at 938.69, the All T&T Index dipped 4.45 points to 1,354.63, the SME Index remained at 83.07 and the Cross-Listed Index dipped 0.66 points to conclude trading at 69.09.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini declined $1.85 to $60 after an exchange of 1,111 shares, Angostura Holdings lost 62 cents, finishing at a 52 weeks low of $10.25 with 94 units passing through the market, Ansa McAl increased $4.20 and ended at $43.70 after an exchange of 260 shares. AS Bryden dipped 8 cents to close at a 52 weeks low of $1.27 with 15,083 stock units crossing the market, Endeavour Holdings remained at $15.65 after a transfer of 6 stocks, Eric Solis Marketing rallied 1 cent to $3.91 with 271 units crossing the exchange. First Citizens Group ended at $34.53 in trading 7,229 stocks, GraceKennedy sank by 5 cents to close at $3.35 after traders swapped 105,027 shares, Guardian Holdings ended at $15.05 with a transfer of 59 stock units. L.J. Williams B share rose 5 cents to $1 as investors exchanged 4,308 shares, Massy Holdings fell 5 cents to finish at $3.45 in switching ownership of 13,334 stock units, National Enterprises advanced 10 cents to close at $4 with 7,541 stocks clearing the market. National Flour Mills remained at $1.50, with investors trading 319 units, Point Lisas ended at $7 with an exchange of 5,000 shares, Republic Financial ended at $106.50 with 1,534 stocks crossing the market. Scotiabank ended at $45.45 with investors dealing in 4,326 units, Trinidad & Tobago NGL popped $1.60 and ended at $11.65 in trading 90,004 stock units and Trinidad Cement remained at $1.50 with 202 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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