Declining stocks edged out rising prices on the Trinidad and Tobago Stock Exchange when trading ended on Wednesday, with the leading market indices slipping after 75 percent fewer shares changed hands than on Tuesday but at twice the value.
The market closed with thirteen securities trading with the prices of four stocks advancing, five declining and four unchanged. The volume of stocks passing through the market amounted to 53,461 shares valued at $2,171,697 compared to 214,801 shares for $1,071,798 on Tuesday from 10 securities.
The average trade on Wednesday amounted to 4,112 units at $167,054 versus an average of 21,480 stock units for $107,180 for each security. The average stock traded amounts to 10,508 units at $135,085 for the month to date compares to 10,887 units at $133,187 on Tuesday. August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index shed 0.58 points to 1,317.15, the All T&T Index declined by 3.73 points to 1,794.85, while the Cross Listed Index gained 0.36 points to close at 113.36.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and four with lower offers.
Stocks rising│ First Citizens Bank rose 38 cents to $46.49, with 18,226 shares crossing the market, JMMB Group gained 8 cents trading 17,803 shares to close at $1.78, Massy Holdings ended 95 cents higher at $59 in exchanging 2,286 units and Republic Financial Holdings gained 2 cents to settle at $142.02, with a transfer of 7,553 stock units.
Stocks declining│ Agostini’s shed 20 cents to end at $24.50, in exchanging 20 units, Clico Investments closed at $25.50, with a loss of 9 cents transferring 1,870 units, Grace Kennedy lost 1 cent to finish at $3.48, with 1,000 units changing hands. Scotiabank closed at $54.80 after losing 10 cents trading 192 shares and Trinidad and Tobago NGL slipped 2 cents to $16.01, with an exchange of 1,996 units.
Stocks trading firm│ Angostura Holdings closed at $17, transferring 500 units, Calypso Macro Index Fund remained at $14.25, with 15 shares changing hands, Guardian Media traded 1,000 units at $5 and National Flour exchanged 1,000 stock units at $1.83.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks declining│ Calypso Macro Index Fund shed 25 cents to close at $14.25, in exchanging 250 units, Clico Investments lost 1 cent transferring 2,663 stock units to settle at $25.59, First Citizens Bank closed at $46.11, after losing 20 cents trading 675 units. JMMB Group ended at a 52 weeks’ low of $1.70, with a loss of 18 cents and 200,000 shares crossing the market and Massy Holdings fell by 64 cents to $58.05, with an exchange of 1,000 units.
JMMB Group closed at $1.88, after gaining 10 cents in transferring 4,500 shares and National Flour gained 2 cents to settle at $1.82, with an exchange of 600 units.
The T&T Composite Index declined by 5.59 points to 1,318.36, The All T&T Index added 4.65 points to 1,801.51, while the Cross Listed Index fell by 2.18 points to close at 112.77.
Massy Holdings fell 31 cents to $58.69, after transferring 6,845 units, NCB Financial Group settled at $7.70, with a loss of 30 cents in an exchange of 500 units. One Caribbean Media shed 14 cents trading 2,000 units to finish at $5.06, Scotiabank closed 9 cents lower at $54.90, with 500 shares crossing the market and Trinidad and Tobago NGL lost 7 cents to close at $6.03, in exchanging 600 stock units.
National Flour slipped to $1.80, with a loss of 3 cents trading 1,400 shares, Point Lisas lost 10 cents, exchanging 1,272 units to settle at $3.15, Republic Financial Holdings shed 52 cents to close at $142, with 1,440 units changing hands. Unilever Caribbean was down 3 cents to $16.97, trading 688 stocks and West Indian Tobacco ended at $35.01, with a loss of 99 cents, transferring 7,353 stock units.
Massy Holdings shed 50 cents transferring 3,125 units to finish at $58.50, National Enterprises lost 4 cents to settle at $4.01, in exchanging 4,600 stock units. One Caribbean Media closed at $5.20, after slipping 4 cents trading 6,600 stocks, Republic Financial Holdings ended at $142.52, after shedding 8 cents and exchanging 16,154 stock units and Scotiabank fell 4 cents to $54.95, with 1,442 shares crossing the market.
Stocks declining│ Clico Investments shed 49 cents, exchanging 3,702 stock units to settle at $25, Guardian Holdings ended 10 cents lower at $19.50, with 3,605 stock units crossing the market and West Indian Tobacco fell 99 cents to $36 trading 823 units.
Trinidad and Tobago NGL gained 6 cents in transferring 14,302 stock units to close at $16.16.
Stocks declining│ First Citizens Bank shed 55 cents, exchanging 2,414 stock shares to settle at $46.10, NCB Financial Group lost 19 cents, ending at $7.81 with 22,305 stocks crossing the market, Republic Financial Holdings closed 40 cents lower at $142.60, with 372 units changing hands. Trinidad Cement lost 1 cent to finish at $2, in trading 3,400 stock units and Trinidad and Tobago NGL shed 30 cents, transferring 1,826 units to close at $16.10.
The market closed with eleven securities trading with three stocks advancing, one declining and seven unchanged. Trading resulted in 135,995 shares valued at $1,331,885 changing hands, compared to 85,316 shares for $1,386,510 on Tuesday from 16 securities.
First Citizens Bank rose to $46.65, with gains of 40 cents trading 2,700 units and Scotiabank picked up 6 cents, exchanging 4,144 stock units to end at $54.75.
