The Trinidad and Tobago Stock Exchange ended trading on Monday, with the market declining after investors traded 50 percent fewer shares than were traded on Friday, resulting in more stocks falling than rising.
The market closed with twelve securities trading with two advancing, five declining and five remained unchanged. Trading accounted for 117,290 shares valued at $3,215,698 compared to 232,343 stocks for $5,720,884 from 13 securities on Friday.
The average trade on Monday amounted to 9,774 units at $267,975, versus an average of 17,873 stock units for $440,068, for each security. July closed with an average of 12,712 shares for $166,390.
The T&T Composite Index lost 0.98 points to 1,314.46, the All T&T Index shed 1.95 points to 1,775.97, while the Cross Listed Index was unchanged at 115.25.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and one with a lower offer.
Stocks rising│ Point Lisas gained 10 cents to close at $3.10, with an exchange of 15,000 stock units and Scotiabank finished 15 cents higher at $54.90, after 392 units crossed the market.
Stocks declining│ First Citizens Bank lost 15 cents to end at $48.35, in transferring 500 units, Massy Holdings closed at $57, with a loss of 98 cents trading 32,978 shares,
Republic Financial Holdings dropped $3.50 to close at $136, in exchange for 130 units. Trinidad Cement shed 10 cents to settle at $2, with 500 units changing hands and Unilever Caribbean closed 5 cents lower at $16.90 after trading 738 units.
Stocks trading firm│ Angostura Holdings exchanged 1,474 units at $15.30, Ansa Merchant Bank traded 266 units at $36.30, Clico Investments closed with 42,152 shares changing hands at $26. Guardian Holdings closed at $19, with an exchange of 806 units and Grace Kennedy remained at $3.50, after trading 22,354 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The increased volume and value of stocks trading on Friday flowed from two fewer securities than Thursday, with thirteen securities trading on Friday. Trading ended, with two stocks advancing, three declining and eight remaining unchanged.
Stocks declining│Guardian Holdings lost 70 cents to closed at $19, after transferring 26,185 stock units, Massy Holdings slipped 2 cents trading 33,347 shares to end at $57.98 and Scotiabank was down 3 cents to $54.75, with 500 units crossing the market.
The market closed, with 15 securities changing hand, five more than on Wednesday, and resulting in the prices of five stocks rising, one declining and nine remaining unchanged.
Stock declining| Trinidad & Tobago NGL lost 23 cents and ended at $17.02 in exchanging 1,457 shares.
One Caribbean Media dipped 10 cents to settle at a 52 weeks’ low of $5.15, with 1,200 units crossing the exchange.
Calypso Macro Investment Fund fell 50 cents to close at $14 in trading 1,607 units.
Firm Traders| Clico Investment Fund ended at $25.01, with 5,046 units crossing the exchange. Massy Holdings closed at $58, with 1,578 stock units changing hands, National Enterprises settled at $4.50 after trading 973 shares, Prestige Holdings settled at $8.25 with 250 units changing hands, Republic Financial Holdings closed at $139.47 in exchanging 69 stock units, Scotiabank ended at $54.75, with 2,675 shares passing through the market. Trinidad & Tobago NGL remained at $17 while trading 11,062 units, Trinidad Cement settled at $2.10 in finishing with 6,710 units, clearing the market and West Indian Tobacco closed at $35 after just four units passing through the market.
At the close of the market, the Composite Index declined by 7.29 points to 1,311.84, the All T&T Index dropped 11.17 points to close at 1,771.78 and the Cross Listed Index shed 0.45 points to finish at 115.11.
Firm trades| Angostura Holdings ended at $15.30 in an exchange of 2,313 shares, Calypso Macro Investment Fund ended at $14.50 trading 155 shares, National Flour Mills remained at $1.80, with 32,000 shares passing through the market. Republic Financial Holdings ended at $139.47 in exchanging 25 units. Scotiabank stayed at $54.75, with 50 shares changing hands, Trinidad & Tobago NGL remained at $17 with investors swapping 40,903 shares, Trinidad Cement traded 3,788 stock units and closed at $2.10. Unilever Caribbean closed at $16.90 with an exchange of 33 shares and West Indian Tobacco closed at $35 while exchanging 706 stock units.
The market closed with, the Composite Index declined by 4.27 points to close at 1,319.13, the All T&T Index declined by 6.06 points to close at 1,782.95 and the Cross Listed Index declined by 0.33 points to close at 115.56. Trading ended with an exchange of 242,783 shares for $2,867,044 compared to 164,986 units at $4,264,493 on Tuesday.
Firm Traders| Agostini’s ended at $24.50 after exchanging 63 stock units, Calypso Macro Investment Fund ended at $14.50, finishing with 1,247 units changing hands. Clico Investment Fund ended at $25 with investors switching ownership of 40 stock units, First Citizens Bank ended at $49 with 2,641 units crossing the market. Grace Kennedy closed at $3.40 with of 5,000 shares changing hands, Massy Holdings closed at $57.90 in trading 671 stock units, National Flour Mills remained at $1.80 after exchanging 3,400 shares. Republic Financial Holdings stayed at $139.47 with an exchange of 3,692 shares, Unilever Caribbean ended at $16.90, with investors swapping 793 stock units and West Indian Tobacco settled at $35 after exchanging 5,783 stock units.
Republic Financial Holdings lost 1 cent in ending at $139.47 and cleared the market with 1,914 units and Scotiabank dropped by 5 cents ending at $54.90 after exchanging 20,237 shares.
The market closed with an exchange of 24,105 shares, accounting for $639,961 compared to 380,420 units at $1,777,572 on Friday. An average of 2,009 units traded for the day at $53,330, in contrast to an average of 31,702 at $148,131 on Friday.
West Indian Tobacco increased 5 cents to end at $34.65 with 3,541 units changing hands.