Softness continues for Trinidadian stocks

Trading continues to result in a softness on the Trinidad and Tobago Stock Exchange on Thursday, with declining stocks exceeding winners and the volume of stocks traded declined marginally but with a 191 percent more value than on Wednesday, resulting in 22 securities trading up from 18 on Wednesday and ending with prices of six rising, nine declining and seven ending firm after three companies traded at 52 weeks’ lows and one at a one year high.

The market closed with trading in 398,160 shares valued at $4,658,562 compared with 405,143 stock units at $1,598,480 on Wednesday. An average of 18,098 shares were traded at $211,753 versus 22,508 units at $88,804 on Wednesday, with trading month to date averaging 25,403 shares at $118,857 compared to 28,493 units at $79,552 on the previous day and an average for January of 17,669 shares at $153,409.
The Composite Index slipped 0.35 points to 1,066.73, the All T&T Index rose 0.20 points to end at 1,573.49, the SME Index remained unchanged at 96.65 and the Cross-Listed Index fell 0.13 points to close at 73.40.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Ansa McAl remained at $59.80 with investors trading 600 stock units, Ansa Merchant Bank ended at $40 after an exchange of 1,243 shares, Calypso Macro Investment Fund climbed 5 cents to close at a 52 weeks’ high of $23.75 with 220 units changing hands. CIBC Caribbean Bank sank 19 cents in closing at $7.80 after an exchange of 15,906 stocks, First Citizens Group increased 15 cents to end at $42.10 with 32,262 shares passing through the market, GraceKennedy rose 4 cents to end at $3.74 in switching ownership of 1,293 stocks. Guardian Holdings dropped 1 cent to close at $14.85 with 1,358 stock units crossing the exchange, Guardian Media ended at $1.12 with investors dealing in 2,661 stock units, JMMB Group remained at $1.03 with a transfer of 6,803 shares. L.J. Williams B share dipped 5 cents to finish at a 52 weeks’ low of 75 cents after investors exchanged 1,310 stock units, Massy Holdings advanced 5 cents and ended at $3.95 after 298,120 stocks passed through the market, National Enterprises fell 2 cents to close at $2.69 with an exchange of 80 units. National Flour Mills shed 1 cent to $1.69 with 1,577 stocks changing hands, NCB Financial ended at $2.39 after a transfer of 5,872 shares, One Caribbean Media dropped 5 cents to end at $2.85 with investors trading 1,633 units.  Prestige Holdings remained at $10.75 in an exchange of 155 units, Republic Financial rose 41 cents and ended at $113.31 with 15,964 stocks clearing the market, Scotiabank sank 19 cents to close at a 52 weeks’ low of $55.81 and closed after an exchange of 205 stock units. Trinidad & Tobago NGL skidded 5 cents to a 52 weeks’ low of $4.65 with investors swapping 2,000 shares, Trinidad Cement remained at $2.35 in an exchange of 7,800 stock units, Unilever Caribbean gained 43 cents to end at $11.19 with traders dealing in 88 shares and West Indian Tobacco slipped 11 cents in closing at a 52 weeks’ low of $5.29 with 1,010 stocks being traded.

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