Stocks crashed on Trinidad Exchange

Stock prices tumbled to start September negatively on the Trinidad and Tobago Stock Exchange on Monday, resulting in 13 securities trading down from 19 on Friday and ending with prices of one stock rising, 10 declining and two ending firm with the volume of stocks traded plunging 95 percent with an 85 percent drop in value than on Friday.
The market closed with trading of 55,109 shares for $712,766 compared to 1,022,312 stock units at $4,881,669 on Friday.
An average of 4,239 shares were traded at $54,828 compared with 53,806 stock units at $256,930 on Friday, and the average of 21,741 shares at $142,770 for August.
The Composite Index dropped 1.74 points to finish at 1,058.81, the All T&T Index sank 0.16 points to 1,595.22, the SME Index remained at 78.26 and the Cross-Listed Index slipped 0.48 points to settle at 67.86.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s lost $2 to finish at $66 with 15 stocks crossing the market, Ansa McAl remained at $63 after an exchange of 1,646 units, First Citizens Group slipped 48 cents to $44.02 in trading of 430 shares. FirstCaribbean International Bank fell 10 cents to close at $6.80 after of 100 stock units changed hands, GraceKennedy sank 18 cents in closing at $3.35 after an exchange of 10,033 shares, JMMB Group skidded 5 cents to end at $1.05 in trading 63 units. L.J. Williams B share sank 3 cents to $1.83 with 900 stocks clearing the market, Massy Holdings shed 1 cent to close at $3.49 as investors exchanged 30,858 stock units, National Enterprises dropped 2 cents in closing at $3.05 after trading of 252 shares. Prestige Holdings ended at $10.10 with an exchange of 249 stocks, Republic Financial dipped 25 cents and ended at $112 after 1,565 units passed through the market, Scotiabank declined $1 to finish at $55 with investors trading 4,417 stock units and Trinidad & Tobago NGL rallied 4 cents and ended at $5.19 in an exchange of 4,581 shares.

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

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