Stocks continue the slide on Trinidad Exchange

Falling stocks continued to dominate rising prices on the Trinidad and Tobago Stock Exchange on Wednesday, with stocks traded declining 63 percent in volume with a value that was 80 percent more than on Tuesday resulting in 22 securities trading compared with 16 on Tuesday and ending with prices of six stocks rising, 10 declining and six ended firm with the market closing with one stock closing at a 52 weeks’ high and two at 52 weeks’ low.
The market closed after the trading of 307,863 shares at $6,102,614 from 834,319 stock units at $3,392,494 on Tuesday.
An average of 13,994 shares were traded at $277,392 compared with 52,145 stock units at $212,031 on Tuesday, with trading month to date averaging 19,511 shares at $121,831 compared with 20,348 stocks at $98,228 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index slipped 19.24 points to end the day at 1,080.49, the All T&T Index skidded 4.12 points to finish at 1,630.16, the SME Index remained at 78.26 and the Cross-Listed Index sank 4.96 points to end the day at 68.91.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Agostini’s declined 45 cents in closing at $68.50 crossing the market 6,503 stock units, Angostura Holdings fell 31 cents to $17.75 with an exchange of 24,307 shares, Ansa McAl gained 57 cents to end at 52 weeks’ high of $63.57 with 7,277 units clearing the market. Ansa Merchant Bank ended at $41.50 after the trading of 650 stocks, Calypso Macro Investment Fund closed at $24 in an exchange of just 4 shares, First Citizens Group rose $1 to close at $43.50 with investors trading 4,563 units. FirstCaribbean International Bank fell 45 cents to $6.55 in an exchange of 4,546 stocks, GraceKennedy advanced 10 cents to close at $3.85 with investors dealing in 113,845 stock units, Guardian Holdings slipped $1.30 to finish at 52 weeks’ low of $13.20, with 597 shares crossing the market. Guardian Media popped 3 cents and ended at $1.65 with a transfer of 6,699 stock units, JMMB Group popped 1 cent to end at $1.06 after 633 units passed through the market, Massy Holdings gained 4 cents in closing at $3.58, with 27,119 stocks changing hands. National Enterprises slipped 8 cents to $3.06 with investors trading 520 shares, National Flour Mills ended at $2 in switching ownership of 3,750 units, NCB Financial dipped 44 cents and ended at $2.56 after a transfer of 1,301 stocks. Point Lisas sank 3 cents to end at $3.12 in trading 5,000 stock units, Prestige Holdings remained at $10.98 after an exchange of 29,856 shares, Republic Financial dropped 80 cents to close at $113 with investors swapping 21,447 stock units. Scotiabank shed $1 to $58 with 15,617 stocks crossing the exchange, Trinidad & Tobago NGL skidded 26 cents in closing at 52 weeks’ low of $6 with traders dealing in 22,847 units, Trinidad Cement remained at $2.84 as investors exchanged 1,052 shares and Unilever Caribbean ended at $10.75 and closed with an exchange of 9,730 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.