Stocks drop on the Trinidad Stock Exchange

Market activity ended on Tuesday with more stocks declining than rising, leaving the market index with a big loss as the volume and value of stock trading fell 48 percent and 54 percent, respectively, than on Monday, at the close of the Trinidad and Tobago Stock Exchange.
Nineteen securities traded, down from 24 on Monday, with three rising, nine declining and seven closing unchanged.
The Composite Index lost 34.07 points to settle at 1,420.95, the All T&T Index fell 32.87 points to settle at 2,040.87 and the Cross-Listed Index lost 4.95 points to settle at 106.08.
A total of 460,033 shares traded for $5,267,557 down from 876,591 units at $11,470,015 on Monday. An average of 24,212 units traded at $277,240 compared to 36,525 shares at $477,917 on Monday, with trading month to date averaging 56,405 units at $470,274 versus 60,624 units at $495,568. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, Agostini’s declined 10 cents to $46 while exchanging 1,135 shares, Angostura Holdings rallied $1.70 in closing at $22 after trading 1,651 units, Ansa McAl shed 50 cents to end at $57, with 3,076 stock units clearing the market. Calypso Macro Investment Fund remained at $19 in trading five stocks, Clico Investment Fund dropped 50 cents to $29 after trading 15,997 stocks, First Citizens Group fell 40 cents to end at $50.60 after exchanging 1,048 stock units. FirstCaribbean International Bank lost 15 cents in ending at a 52 weeks’ low of $5.80 after 3,000 units crossed the market, GraceKennedy finished at $6 with the swapping of 190,499 shares, Guardian Holdings ended at $27.01 after 100 shares crossed the exchange. JMMB Group ended unchanged at $2.42 in switching ownership of 10,388 units, Massy Holdings dropped 7 cents to close at $5.53 in exchanging 64,270 stocks, National Enterprises gained 1 cent to $3, with 260 stock units changing hands. NCB Financial Group finished at $6.10 in an exchange of 47,986 stocks, Prestige Holdings lost 30 cents to end at $6.80 as just seven stock units passed through the market, Republic Financial Holdings declined 7 cents in closing at $141, with 856 units crossing the market. Scotiabank shed 50 cents to end at $80, with 5,650 shares changing hands, Trinidad & Tobago NGL increased 10 cents to end at $20.60 with an exchange of 26,865 shares, Unilever Caribbean remained at $16 after 66,196 stock units crossed the market and West Indian Tobacco remained at $23.99 in trading 21,044 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.