Rising stocks just got squeezed out by decliners when trading ended on The Trinidad and Tobago Stock Exchange on Thursday, leaving the market with mixed results after investors traded 26 percent fewer shares than on Wednesday.
The market closed with fifteen securities changing hands, with the prices of four stocks advancing, five stocks declining and six remaining unchanged. Stocks trading resulted in 100,010 shares valued at $1,306,330 changing hands compared to 135,995 shares for $1,331,885 on Wednesday from 11 securities.
The average trade on Thursday amounted to 7,144 units at $93,309 versus an average of 12,363 stock units for $121,080 for each security. August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index fell by 3.38 points to 1,325.95, The All T&T Index added 0.90 points to 1,800.98, while the Cross Listed Index shed 1.05 points to close at 114.93.
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 three with lower offers.
Stocks rising│ Ansa McAL climbed $1 to $53 in trading 100 shares, Clico Investments ended at $25.50, with a gain of 1 cent transferring 26,287 shares, Massy Holdings rose 50 cents to $59 after exchanging 2,452 stock units and National Enterprises finished 5 cents higher at $4.05, in moving 500 shares.
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.
Stocks trading firm│ Agostini’s had a transfer of 75 units at $24.70, Angostura Holdings closed at $17 after trading 1,651 units, First Caribbean International exchanged 275 units at $7.05. Guardian Holdings held firm at $19.50, with 500 stock units changing hands, Guardian Media traded 937 shares at $5 and JMMB Group remained at $1.84 after 36,916 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.