Falling prices dominated the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks changing hands rising 144 percent and the value climbing 48 percent more than on Monday, resulting in 20 securities trading up from 17 on Monday, with three stocks rising, eight declining and nine remaining unchanged.
A total of 494,611 shares were traded for $6,758,165 versus 202,722 shares at $4,553,220 on Monday.
An average of 24,731 shares were exchanged at $337,908 compared with 11,925 shares at $267,836 on Monday and trading month to date averaged 21,012 shares at $295,685 versus 20,610 units at $291,120 on the previous day. September ended with an average of 45,817 at $463,533.
The Composite Index dipped 7.00 points to 1,335.03, the All T&T Index fell 1.22 points to 2,000.32 and the Cross-Listed Index lost 1.84 points to settle at 87.22.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s fell $1.50 to $42.50 with an exchange of 1,196 shares, Angostura Holdings gained 1 cent to end at $24.96 as investors exchanged 500 units, Ansa McAl ended at $56.50 after trading just two stock units. Ansa Merchant Bank remained at $42.20 with investors transferring 816 stocks, Calypso Macro Investment Fund ended at $22 with an exchange of 17 shares, Clico Investment Fund lost 10 cents to close at $29.90, with 12,022 units crossing the market. Endeavour Holdings popped 60 cents in closing at $7.60 after exchanging 214 stocks, First Citizens Group rose 5 cents to $50.05 with the swapping of 4,963 stock units, FirstCaribbean International Bank remained at $5 as 37 stocks passed through the market.
GraceKennedy ended at $5.20 after 40,217 units changed hands, Guardian Holdings remained at $25.05, with 594 shares clearing the market, JMMB Group dropped 2 cents to $2 in exchanging 70,000 stock units. Massy Holdings shed 4 cents in closing at $4.45 after a transfer of 263,478 units, National Enterprises declined 2 cents to $3.28 in trading 32,035 stock units, NCB Financial Group remained at $4.98 in switching owners of 13,915 stocks. Republic Financial Holdings ended at $140 while exchanging 13,389 shares, Scotiabank dipped 1 cent to $78 in trading 27,966 shares, Trinidad & Tobago NGL fell 40 cents to $22.10 with a transfer of 8,250 stock units. Unilever Caribbean lost 20 cents in closing at $12.80, with 2,000 stocks crossing the market and West Indian Tobacco ended at $22.25, with an exchange of 3,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling prices dominate Trinidad Exchange
Trading picks up on TTSE
Investors exchanged 391 percent more funds on the Trinidad and Tobago Stock Exchange to trade slightly more shares on Friday than they did on Thursday resulting in stocks of 19 companies trading up from 13 on Thursday, with prices of four rising, six declining and nine remaining unchanged.
A total of 431,272 shares were traded for $13,264,598 up from 422,657 units at $2,703,297 on Thursday. An average of 22,699 shares were exchanged at $698,137 compared to 32,512 shares at $207,946 on Thursday, with trading month to date averaging 21,488 shares at $293,476 versus 21,334 units at $241,876 on the previous day. The average trade for September amounts to 45,817 at $463,533.
The Composite Index rallied 0.68 points to 1,335.79, the All T&T Index advanced 2.91 points to 2,000.98 and the Cross-Listed Index dipped 0.24 points to 87.34.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s ended at $44 with a transfer of 46 shares, Angostura Holdings rallied $1.39 to close at $24.95 with the swapping of 72 units, Ansa McAl remained at $56.50 as 175 stock units passed through the market. Ansa Merchant Bank ended at $42.20, with 50,000 stocks changing hands, Calypso Macro Investment Fund remained at $22 after trading 217 shares, Clico Investment Fund popped 5 cents to close at $30 while exchanging 11,742 stock units. First Citizens Group remained at $50 after a transfer of 3,010 units, FirstCaribbean International Bank dipped 5 cents in ending at a 52 weeks’ low of $5, with 12,932 stocks changing hands, GraceKennedy ended at $5.20 after 190,783 units crossed the exchange. 
Guardian Holdings declined 5 cents to $25.20 after exchanging 20 stock units, JMMB Group remained at $2.02 as investors exchanged 31,846 shares, Massy Holdings increased 5 cents to $4.50 with a transfer of 24,061 stocks. National Enterprises fell 1 cent to close at $3.29 after trading 29,290 shares, Prestige Holdings ended at $6.70 in exchanging 421 units, Republic Financial Holdings advanced 4 cents to $140.04 in trading 64,453 stock units. Scotiabank dropped 38 cents to $78.01 in exchanging 248 stocks, Trinidad & Tobago NGL shed 45 cents to close at $22.50 after 6,699 stocks changed hands, Unilever Caribbean slipped 1 cent to $13.04 in an exchange of 122 units and West Indian Tobacco ended at $22.25 with an exchange of 5,135 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Drop in trading hurts stocks
Stocks mostly fell Thursday, on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 50 percent, with the value dropping 75 percent from Wednesday, resulting in just trading in just 13 securities compared with 20 on Wednesday. At the close only one stock rose, six declined and six remained unchanged.
A total of 422,657 shares were exchanged for $2,703,297 down from 852,387 shares at $10,645,266 on Wednesday. An average of 32,512 shares were traded at $207,946 compared to 42,619 units at $532,263 on Wednesday. Trading month to date averaged 21,334 shares at $241,876 versus 20,266 units at $245,119 on the previous day. September’s trading averaged 45,817 shares at 463,533.
The Composite Index lost 4.84 points to close at 1,335.11, the All T&T Index fell 0.46 points to 1,998.07 and the Cross-Listed Index slipped 1.33 points to 87.58.
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, Angostura Holdings ended at $23.56, with 20 shares crossing the exchange, Ansa McAl remained at $56.50 with an exchange of 98 stocks, Clico Investment Fund gained 5 cents to end at $29.95 in trading 26,151 units. First Citizens Group shed 5 cents to end at $50 after 1,626 stock units passed through the market, GraceKennedy remained at $5.20 in exchanging 590 stock units, Guardian Holdings ended at $25.25 with ten stock units changing hands. 
JMMB Group ended at $2.02 as investors exchanged 159,748 units, Massy Holdings dipped 5 cents to end at $4.45 with 25,667 shares clearing the market, NCB Financial Group declined 17 cents in closing at $4.75 after exchanging 201,010 units. Point Lisas fell 17 cents to $3.08 in trading 50 shares, Republic Financial Holdings dipped 4 cents to close at $140 after1,917 stocks crossed the market, Scotiabank remained at $78.39 in trading 700 stock units and Trinidad & Tobago NGL lost 5 cents in closing at $22.95 with a transfer of 5,070 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up in Trinidad
Market activity picked up on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 147 percent and the value climbing 28 percent more than on Monday, resulting in the trading of 19 securities compared with 13 on Monday, with four stocks rising, two declining and 13 remaining unchanged.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 449,305 shares were exchanged for $3,317,132 versus 181,806 shares at $2,586,325 on Monday. An average of 23,648 units traded at $174,586 compared to 13,985 shares at $198,948 on Monday, with trading month to date averaging 16,412 shares at $195,608 versus 14,994 units at $199,728 on the previous day. The average trade for September amounts to 45,817 at $463,533.
The Composite Index fell 6.05 points to 1,337.00, the All T&T Index slipped 0.18 points to 1,998.85 and the Cross-Listed Index dipped 1.73 points to settle at 88.01.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s fell $1 to $44 in exchanging ten shares, Ansa McAl had trading in 60 stock units at $56.50, Clico Investment Fund ended at $29.90 with investors transferring 5,338 stocks. First Citizens Group popped 5 cents to $50.05, with 3,191 units crossing the market, FirstCaribbean International Bank lost 45 cents in ending at $5.05 after 50,182 stock units changed hands, GraceKennedy ended at $5.20 with the swapping of 10,368 shares. Guardian Holdings remained at $25.25 while exchanging 8,634 units, JMMB Group ended at $2.02 after a transfer of 237,426 stocks, L.J Williams B share ended at $2.05 after 5,000 shares changed hands. Massy Holdings closed at $4.50 after exchanging 76,118 stocks, National Enterprises had an exchange of 4,653 units at $3.30, NCB Financial Group finished trading at $4.75 as investors exchanged 15,583 stock units. 
Point Lisas closed at $3.25 in trading 815 units, Republic Financial Holdings closed at $140 after trading 8,132 stocks, Scotiabank increased 39 cents in closing at $78.39 with an exchange of 1,000 shares. Trinidad & Tobago NGL advanced $1 to close at $23 with 9,511 stock units clearing the market, Trinidad Cement remained at $3.50 after exchanging 7,915 shares, Unilever Caribbean closed at $12.99, with 3,494 stock units crossing the market and West Indian Tobacco rallied 18 cents in ending at $22.50 after 1,875 units passed through the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks decline in Trinidad and Tobago
Market activity ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 60 percent with the value 81 percent less than Thursday, resulting in 19 securities traded compared with 17 on Thursday, with three stocks rising, nine declining and seven remaining unchanged.
A total of 191,537 shares were exchanged for $1,184,430 down from 477,639 shares at $6,128,764 on Thursday.
An average of 10,081 units were traded at $62,338 compared to 28,096 shares at $360,516 on Thursday, with trading month to date averaging 15,150 shares at $199,851 versus 16,632 units at $240,047 on the previous day. The average trade for September amounts to 45,817 at $463,533.
The Composite Index fell 2.45 points to 1,341.42, the All T&T Index dropped 7.90 points to 1,998.97 and the Cross-Listed Index climbed 0.47 points to settle at 89.28.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Angostura Holdings advanced 4 cents to $23.50 in an exchange of 20 shares, Ansa McAl remained at $56.50 after trading184 stock units, Calypso Macro Investment Fund ended at $22, with 10 units crossing the market. Clico Investment Fund dipped 10 cents to end at $29.80 with 510 stocks changing hands, First Citizens Group lost 25 cents in ending at $50.01 as investors exchanged 254 stock units, FirstCaribbean International Bank dropped 5 cents after ending at $5.50 with a transfer of 13,420 shares. Guardian Media ended at $3.10 while exchanging 100 stocks, JMMB Group fell 10 cents in closing at $2, with 54,490 units crossing the market, 
Massy Holdings declined 12 cents to end at $4.56 after exchanging 92,260 shares. National Enterprises shed 2 cents to close at $3.28 in exchanging 7,180 stock units, NCB Financial Group popped 24 cents in ending at $4.75 with investors transferring 2,640 units, One Caribbean Media lost 9 cents to close at $3.90 in switching ownership of 50 stocks. Point Lisas climbed 14 cents to $3.25, with 6,259 stock units changing hands, Prestige Holdings dropped $1.02 in closing at $5.97 after trading 25 shares, Republic Financial Holdings remained at $140.04 in an exchange of 1,074 units. Scotiabank ended at $78.40, with 975 stocks crossing the exchange, Trinidad & Tobago NGL dipped $1.45 to $22.05 in trading 10,881 stocks, Unilever Caribbean remained at $12.99 after a transfer of 180 stock units and West Indian Tobacco ended at $22.50 with an exchange of 1,025 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad exchange
Market activity climbed on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded jumping 181 percent with the value rising just 6 percent more than on Wednesday, resulting in exchanges in 17 securities compared with 12 on Wednesday, with prices of seven rising, four declining and six remaining unchanged.
A total of 477,639 shares were exchanged for $6,128,764 compared to 169,751 shares at $5,779,409 on Wednesday. An average of 28,096 units were traded at $360,516 versus an average of 14,146 shares at $481,617 on Wednesday, with trading month to date averaging 16,632 shares at $240,047 against 12,572 units at $197,381 on the previous day. The average trade for September was 45,817 at $463,533.
The Composite Index dipped 1.18 points to 1,343.87, the All T&T Index slipped 3.82 points to 2,006.87 and the Cross-Listed Index rose 0.23 points to settle at 88.81.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings fell $1.49 to $23.46 after a transfer of 75 shares, Ansa McAl remained at $56.50 in an exchange of 9 units, Clico Investment Fund dipped 9 cents to close at $29.90 with a transfer of 66,743 stocks. First Citizens Group popped 25 cents to $50.26 after trading 1,719 stock units, FirstCaribbean International Bank inched 1 cent up in closing at $5.55, with 3,553 shares crossing the market, GraceKennedy ended at $5.24 after 100 units changed hands. Guardian Holdings increased 25 cents in closing at $25.25 after trading just one stock unit, JMMB Group shed 5 cents to end at $2.10 in exchanging 3,743 stock units, 
Massy Holdings slipped 1 cent to $4.68 after trading 303,548 stocks. Point Lisas ended at $3.11 with the swapping of 318 stock units, Prestige Holdings remained at $6.99 as 20 units passed through the market, Republic Financial Holdings popped 4 cents to close at $140.04 as investors exchanged 553 shares. Scotiabank gained 20 cents to end at $78.40 trading 12,323 stocks, Trinidad & Tobago NGL rallied $1.50 after ending at a 52 weeks’ high of $23.50, after exchanging 45,063 stock units, Trinidad Cement ended at $3.50, with 31 shares crossing the exchange. Unilever Caribbean remained at $12.99, with 37,984 units changing hands and West Indian Tobacco rose 17 cents to end at $22.50 while exchanging 1,856 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad & Tobago Exchange popped Friday
Market activity ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 147 percent with a 65 percent jump in value over Thursday, resulting in 15 securities traded compared with 18 on Thursday, with two stocks rising, five declining and eight remaining unchanged.
A total of 339,203 shares were exchanged for $3,599,215 up from 137,453 shares at $2,186,097 on Thursday. An average of 22,614 units traded at $239,948 compared to 7,636 shares at $121,450 on Thursday, with trading month to date averaging 45,817 units at $463,533 down from 46,718 shares at $472,221 on the previous day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index increased 2.53 points to 1,343.16, down 10.3 percent for the year to date. The All T&T Index climbed 6.26 points to 2,015.22, with a year to date fall of 3 34 percent and the Cross-Listed Index lost 0.20 points to settle at 87.36
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings increased by $1.95 to end at $24.95 in exchanging 377 shares, Ansa McAl ended at $56.50 while trading 39,326 units, First Citizens Group remained at $50 with the swapping of 400 stock units. FirstCaribbean International Bank closed at $5.10 as investors exchanged 9,435 stocks, GraceKennedy advanced 25 cents to $5.25 after 36 units changed hands, JMMB Group lost 10 cents in ending at $2.20 in switching ownership of 32,153 stock units. Massy Holdings dipped 1 cent in closing at $4.74, with 83,320 stocks crossing the exchange, 
National Enterprises ended at $3.30 in an exchange of 23,983 shares, Prestige Holdings shed 15 cents to end at $6.25 after 298 stock units crossed the market, Republic Financial Holdings declined 2 cents to $140 in trading 46 units, Scotiabank remained at $78.40 with an exchange of 376 stock units, Trinidad & Tobago NGL ended at $21.45, with investors transferring 600 shares. Trinidad Cement fell 5 cents to $3.50, with 130,106 shares changing hands, Unilever Caribbean ended at $13 with 18,060 stock units clearing the market and West Indian Tobacco remained at $22.50 after an exchanging of 687 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices fall in Port of Spain
Stock prices plunged on Tuesday on the Trinidad and Tobago Stock Exchange, with 20 securities traded the same as on Monday, with the price of just one rising, eight declining and 11 remaining unchanged following an 82 percent fall in the volume of stocks traded declining, with a 39 percent lower value than on Monday.
A total of 547,703 shares were exchanged for $9,500,672 compared to 3,073,793 units at $15,569,343 on Monday. An average of 27,385 shares were traded at $475,034 compared to 153,690 units at $778,467 on Monday, with trading month to date averaging 49,309 units at $494,171 versus 50,606 units at $495,304 on the previous day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index shed 13.48 points to 1,343.18, the All T&T Index fell 9.64 points to 2,013.89 and the Cross-Listed Index dipped 2.46 points to settle at 87.56.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and three with lower offers.
At the close, Agostini’s ended at $45, with 1,129 shares crossing the exchange, Angostura Holdings dipped $1.95 to $23.05 after exchanging 268,800 stocks, investors traded 322 stock units of Ansa McAl at $56.50. Clico Investment Fund closed trading of 5 units at $31.50, First Citizens Group lost 1 cent to end at $50 as 2,500 stocks were exchanged, FirstCaribbean International Bank ended at $5.10 with 315 units crossing the market. GraceKennedy fell 30 cents to close at $5 in exchanging 2,099 stock units, Guardian Holdings had an exchange of 8,702 shares at $25.75, 
Guardian Media popped 1 cent to end at $3.10 with investors transferring 10 stocks. JMMB Group ended at $2.30 with an exchange of 91 shares, Massy Holdings ended at $4.75, with 152,671 stock units clearing the market, National Enterprises exchanged 6,068 units in ending at $3.30. NCB Financial Group dropped 30 cents in closing at a 52 weeks’ low of $4.50 while switching ownership of 16,287 units, Prestige Holdings ended at $6.40 with an exchange of 154 stocks, Republic Financial Holdings shed 35 cents to end at $140.15 with a transfer of 2,602 stock units. Scotiabank declined 59 cents to close at $78.41 in trading 16,418 shares, Trinidad & Tobago NGL remained at $21.90 while exchanging 8,104 stocks, Trinidad Cement ended at $3.55 with the swapping of 61,000 shares. Unilever Caribbean lost 65 cents in closing at $12.50, with 200 stock units changing hands and West Indian Tobacco declined 5 cents to $22.85 after a transfer of 226 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on Trinidad Stock Exchange
Trading surged on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded jumping 1,940 percent, with the value up 255 percent more than on Thursday, resulting in activities in just 16 securities compared to 21 on Thursday, with prices of five stocks rising, three declining and eight remaining unchanged.
A total of 1,134,926 shares were exchanged for $7,308,478, up from a mere 55,627 units at $2,061,311 on Thursday. An average of 70,933 units traded at $456,780 compared to 2,649 shares at $98,158 on Thursday, with trading month to date averaging 44,123 shares at $477,495 versus 42,703 units at $478,592 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index lost 1.08 points to end at 1,358.91, the All T&T Index fell 1.69 points to 2,021.50 and the Cross-Listed Index dipped 0.06 points to settle at 90.98.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $25 after trading 7,850 shares, Ansa McAl shed 25 cents in closing at $56.50 in switching ownership of 500 units, Clico Investment Fund ended at $31.90 after exchanging 6,509 stock units. First Citizens Group ended at $50 trading 2,900 stocks, FirstCaribbean International Bank remained at $5.08, with 1,930 shares crossing the market, Guardian Holdings climbed 25 cents in closing at $25.75 as investors exchanged 1,012 stocks. JMMB Group slipped 1 cent to close at $2.30 with 62,976 units crossing the exchange, Massy Holdings dipped 14 cents after ending at $4.65 and closed with 971,595 stock units changing hands, National Enterprises popped 2 cents to end at $3.35 while exchanging 24,076 stocks. 
Prestige Holdings remained at $6.40 with 15,825 shares crossing the market, Republic Financial Holdings ended at $140.50 after trading 8,529 units, Scotiabank advanced 27 cents to end at $78.67 with a transfer of 81 stock units. Trinidad & Tobago NGL rallied 11 cents in closing at $22.10 with investors transferring 29,581 shares, Trinidad Cement remained at $3.55 in an exchange of 1,000 units, Unilever Caribbean increased 15 cents to $13.15 in trading 500 stock units and West Indian Tobacco ended at $22.90 in exchanging 62 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad and Tobago Exchange
Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded, declining 89 percent and the value 78 percent lower than in Wednesday’s activity, resulting in an exchange of 21 securities compared to 22 on Wednesday, with prices of eight stocks rising, four declining and nine remaining unchanged.
A total of 55,627 shares were exchanged for $2,061,311 versus 513,673 units at $9,545,912 on Wednesday.
An average of 2,649 units were traded at $98,158 compared to 23,349 shares at $433,905 on Wednesday, with trading month to date averaging 42,703 units at $478,592 versus 45,696 units at $507,023 previously. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index rallied 1.99 points to end at 1,359.99, the All T&T Index advanced 3.46 points to 2,023.19 and the Cross-Listed Index popped 0.06 points to close at 91.04.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $45.65 in trading 50 shares, Angostura Holdings ended at $25 after concluding trading of 40 stocks, Ansa McAl popped 25 cents in ending at $56.75, with 2,843 stock units crossing the market. Calypso Macro Investment Fund remained at $22, with 12 units clearing the market, Clico Investment Fund rose $1.80 in closing at $31.90 in an exchange of 12,331 shares, First Citizens Group slipped 1 cent in closing at $50 in switching ownership of 180 stocks. FirstCaribbean International Bank ended at $5.08 with a transfer of 875 units, Guardian Holdings shed 50 cents to $25.50 after 20,978 stock units changed hands, JMMB Group gained 1 cent to end at $2.31 with an exchange of 2,140 shares. L.J. Williams B share ended at $2.20 while exchanging 745 units, Massy Holdings advanced 11 cents to $4.79 after a transfer of 992 stock units, 
National Enterprises increased 3 cents in closing at $3.33 after swapping 5,000 stocks. National Flour Mills rallied 18 cents to end at $1.58 after trading five stock units, One Caribbean Media remained at $3.99 after an exchange of 100 stocks, Point Lisas rose 2 cents to $3.11 with investors transferring four units. Prestige Holdings ended at $6.40 after 156 shares crossed the exchange, Republic Financial Holdings gained 50 cents to close at $140.50, with 6,324 stocks crossing the market, Trinidad & Tobago NGL dipped 1 cent in ending at $21.99 after trading 200 units. Trinidad Cement remained at $3.55 as investors exchanged 281 stock units, Unilever Caribbean fell 15 cents to $13 with 321 shares changing hands and West Indian Tobacco remained at $22.90 in exchanging 2,050 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.