Stocks tumble on Trinidad Stock Exchange


Two thirds of stocks traded declined on the Trinidad and Tobago Stock Exchange on Friday, following a 73 percent drop in the volume of stocks traded, with a 64 percent fall in value compared to Thursday. At the close, 21 securities were traded, up from 18 on Thursday and ending with prices of only two stocks rising, 14 declining and five ending firm on a day when 7 stocks closed at 52 weeks low and one at a record high.

The market closed with trading of 1,380,184 shares for $8,412,469, well below 5,154,115 stock units at $23,124,634 on Thursday.
An average of 65,723 shares were traded at $400,594 compared with 286,340 units at $1,284,702 on Thursday, with trading month to date averaging 104,904 shares at $516,854 compared with 123,603 units at $572,348 on the previous day and for September with an average of 37,104 shares at $224,976.
The Composite Index climbed 5.45 points to wrap up trading at 986.40, the All T&T Index rallied 8.71 points to conclude trading at 1,435.05, the SME Index remained unchanged at 99.32 and the Cross-Listed Index rose 0.27 points to close at 70.83.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini dipped 50 cents to finish at $67.50 as investors exchanged 69 shares, Angostura Holdings lost $1.10 to end at $12 after trading of 73,884 units, Ansa McAl sank $1.75 to end at a 52 weeks low $42 with investors dealing in 119,656 stocks. AS Bryden declined 25 cents in closing at $2.50 in trading 17,355 shares, Calypso Macro Investment Fund shed 85 cents to close at a at 52 weeks low of $22.15 with the trading of 230 stocks, First Citizens Group shed 33 cents and ended at a 52 weeks low of $37.27 after trading of 1,910 shares. GraceKennedy ended at $3.60 with 2,056 stock units crossing the market, Guardian Holdings fell $1.50 to finish at at 52 weeks low o $13 in an exchange of 1,758 stocks, Guardian Media skidded 6 cents and ended at a at 52 weeks low of 68 cents with traders dealing in 1,800 stock units. L.J. Williams B share increased 5 cents to end at $1.05 with 1,210 shares clearing the market. Massy Holdings sank 5 cents to $3.80 with investors trading 13,557 units, Medcorp popped $2 to close at a record high of $52 after an exchange of 25 stocks. National Enterprises slipped 1 cent to $2.13 after 5,161 stock units passed through the market. National Flour Mills ended at $1.61 after an exchange of 13,312 shares, NCB Financial ended at $1.93, with 1,108,948 units changing hands, Prestige Holdings lost $1.07 and ended at $12.50 after a transfer of 810 stocks, Republic Financial shed 97 cents to end at $106.52 after 413 stock units passed through the market, Scotiabank remained at $48.50 after trading of 260 shares. Trinidad & Tobago NGL ended at $3.05, with 8,235 units crossing the exchange, Trinidad Cement slipped 5 cents and ended at $1.90 in switching ownership of 5,182 stocks and West Indian Tobacco skidded 15 cents to close at a 52 weeks low of $3.80, with investors trading 4,353 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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