Stocks mostly drop on Trinidad Exchange

Stocks mostly skidded in trading on the Trinidad and Tobago Stock Exchange on Friday, with an exchange of 20 securities compared with 17 on Wednesday with prices of just two rising, 13 declining and five ending firm, following a 60 percent drop in the volume of stocks traded with a 36 percent lower value than on Wednesday.
The market closed with the trading of 51,364 shares for $562,482 down from 129,460 stock units at $877,559 on Wednesday.
An average of 2,568 shares were traded at $28,124 compared to 7,615 stock units at $51,621 on Wednesday, compared with an average for July of 12,380 shares at $139,960.
The Composite Index skidded 5.62 points to 1,107.86, the All T&T Index dropped 7.67 points to end at 1,656.10, the SME Index remained at 78.26 and the Cross-Listed Index sank 0.48 points to 72.95.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Agostini’s sank 50 cents in closing at $69, with 894 stock units crossing the market, Angostura Holdings lost 25 cents to close at $17.50 with investors swapping 295 units, Ansa McAl sank $3 to end at $60 after a transfer of 28 shares. Ansa Merchant Bank ended at $42.50, with 600 stocks crossing the market, Endeavour Holdings shed $2 to end at $15 with investors dealing in 50 shares, First Citizens Group fell 60 cents to $44, with 1,339 stocks traded. FirstCaribbean International Bank slipped 3 cents to $6.83 after trading in 2,600 stock units, GraceKennedy slipped 19 cents in closing at $3.60 in switching ownership of 3,478 stock units, Guardian Holdings ended at $15.25 after an exchange of 10,302 shares. JMMB Group rose 3 cents and ended at $1.13 with a transfer of 2,001 stock units, Massy Holdings dipped 2 cents to end at $3.58, with 9,009 units crossing the exchange, National Enterprises dipped 1 cent to close at $3.18 with investors trading 7,314 stocks. National Flour Mills climbed 5 cents to $2.05 with an exchange of 8,000 units, Point Lisas ended at $3.10 after 150 stocks passed through the market, Prestige Holdings remained at $11.50 with investors trading 215 shares. Republic Financial declined $1.40 and ended at a 52 weeks’ low of $112.60 in an exchange of 939 stock units, Scotiabank shed $2.49 in closing at $60.01, with 308 shares clearing the market, Trinidad & Tobago NGL fell 35 cents to end at a 52 weeks’ low of $6.40 with traders dealing in 994 units. Trinidad Cement slipped 1 cent to $2.99 in an exchange of 1,851 stocks and West Indian Tobacco remained at $8.04 after closing with an exchange of at 997 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.