The Trinidad & Tobago Stock Exchange recorded mild losses on Tuesday with 112,354 shares valued at $1,496,835 changing hands. The market closed with only 8 securities traded as weakness continue in prices of stocks. At the close 1 stock rose, 4 declined, while 3 remained unchanged. One stock closed at 52 weeks’ low at the end of trading.
The as reflected in the quotes for Republic Holdings and Scotiabank. The former last traded at $110 but have a closing bid at $109 to sell 1,690 shares with no bid posted for several days to buy and Scotiabank with the last traded price of $57.40 with an offer at $56.49 to sell 3,192 shares and the bid at $55 for 2,000 shares. First Citizens Bank, Ansa McAl and Massy Holdings are also under pressure at the close.
The Composite Index declined by 1.79 points to close at 1,132.10, the All T&T Index fell 3.56 points to close at 1,810.03 and the Cross Listed Index remained unchanged at 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 10 with offers that were lower.
Gains| National Enterprises closed with 15,050 shares changing hands at $11.28 after jumping by 3 cents.
Losses| First Citizens Bank lost 26 cents in closing at a new 52 weeks’ low of $33.24 with only 150 units changing hands. Sagicor Financial Corporation lost 1 cent to close at $7.25 with 11,883 shares changing hands, Trinidad and Tobago NGL fell $1 and closed at $20, with 53,585 shares traded for $1,073,301 and Trinidad Cement lost 4 cents in closing at $3.45 as 3,289 shares changed hands.
Firm Trades| Guardian Holdings had 200 shares changing hands to end at $13, National Flour had 27,521 units changing hands at $2.30 and West Indian Tobacco closed at $126.29 as 676 units changed hands.