The first day of trading in the New Year brought negative developments for the Trinidad and Tobago Stock Exchange with the market declining after an exchange of 10 percent fewer securities with 40 percent lower value than Thursday.
The T&T Composite Index shed 7.27 points to 1,315.84, the All T&T Index declined by 7.06 points to 1,765.55, while the Cross Listed Index shed 1.02 points to close at 117.07.
The market closed with 11 securities trading, down from thirteen on Thursday, and ended with five stocks rising, four declining and two remaining unchanged. Trading resulted in 113,819 shares for $1,515,896 compared to 126,516 shares valued at $2,514,364 on Thursday, with Trinidad Cement being the volume leader with 63,700 shares or 56 percent of the day’s trades.
The average trade amounts to 10,347 units at $137,809 versus an average of 9,732 units at $193,413 for each security on Thursday. December closed with an average of 14,490 units at $237,988.
The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and five with lower offers. One stock traded at a 52 weeks’ high and one at a 52 weeks’ low.
Stocks rising│ Clico Investment Fund gained 1 cent trading 1,608 shares at $25.26, Grace Kennedy closed with gains of 5 cents at $3.85 in exchanging 180 units, Guardian Holdings rose 10 cents transferring 8,210 stock units at $21.
Trinidad Cement advanced to a 52 weeks’ high of $2.87, after gaining 37 cents and trading 63,700 shares and Unilever Caribbean rose 5 cents to $16.70, with 240 units changing hands.
Stocks declining│ Angostura Holdings fell to $15, after dropping $1.40 in exchanging 750 shares, First Caribbean International Bank shed 78 cents trading 2,000 units to settle at a 52 weeks’ low of $6.25, First Citizens Bank closed at $42.73, with a loss of 46 cents transferring 250 stock units and West Indian Tobacco ended 40 cents lower at $35, exchanging 21,970 shares.
Stocks trading firm│ Massy Holdings closed at $60.99 trading 1,509 units and Trinidad and Tobago NGL exchanged 13,402 stock units at $17.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Guardian Holdings slipped 10 cents to $20.90 with 213,870 units crossing the exchange, Grace Kennedy dipped 10 cents to $3.80 in trading 6,696 units and Unilever lost 5 cents trading 101,000 stock units at $16.65.
Stocks declining| Agostinis’ lost one cent to end at $23.99, with 8,400 shares changing hands and Massy Holdings dropped $1 to $60 trading 4,768 units.
National Flour ended 17 cents lower at $2.08, with 775 units changing hands, Republic Financial Holdings lost 26 cents in an exchange of 9,032 stock shares to settle at $133.84, Scotiabank transferred 376 units at $54.34, after losing 1 cent and West Indian Tobacco was down 5 cents and closed at $35.35 with 265 stock units changing hands.
Stocks declining|Clico Investment Fund shed 25 cents to close at $25, with a transfer of 5,720 stock units, First Citizens Bank dropped $2.88 to finish at $41.02, after exchanging 7,112 stock units, Guardian Holdings slipped 50 cents to $20.50, trading 5,508 stock units. Trinidad Cement lost 5 cents after exchanging 688 units to end at $2.30 and Unilever Caribbean dipped 10 cents to close at $16.60, with 133 units changing hands.
The market closed with 18 securities trading, up from eleven on Tuesday, and ended with five stocks advancing, two declining and eleven remaining unchanged. Trading resulted in an exchange of 57 percent fewer shares at 42 percent less value compared to Tuesday as 234,857 shares traded at $3,362,566 compared to 541,911 shares valued at $5,823,399 on Tuesday.
Stocks declining│First Citizens Bank lost 10 cents trading 239 units at $43.90 and JMMB Group ended 2 cents lower at $1.83, with 15,400 stock units crossing the market.
Massy Holdings declined $2 to $57 after trading 75,000 shares, Trinidad and Tobago NGL slid 55 cents to $14.50 while exchanging 13,904 stock units and West Indian Tobacco ended 28 cents lower at $33.22, with a mere 4 units changing hands.
A total of 16 securities traded, up from twelve on Tuesday, and ended with four stocks advancing, two declining and ten remaining unchanged, after 444,318 shares changed hands for $6,527,739 compared to 30,910 shares at 1,931,247 on Tuesday.
Stocks trading firm│ Ansa Merchant Bank closed at $39.50 in exchanging 133 units, First Caribbean International Bank held firm at $7.05 trading 6,120 shares, First Citizens Bank transferred 25,445 stock units at $44 each. Grace Kennedy held firm at $3.70, with 2,130 units crossing the exchange, Guardian Holdings exchanged 75,160 shares at $20.40, JMMB Group traded 170,511 shares at $1.80. Republic Financial Holdings ended at $133.03, with a transfer of 1,375 units, Trinidad Cement closed at $2.11, in an exchange of 85 units, Unilever Caribbean traded 300 units at $16.70 and West Indian Tobacco closed at $33.22, with 2,282 units changing hands.
Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
Stocks declining│ Guardian Holdings shed 10 cents to finish at $20.40, in transferring 1,000 shares, One Caribbean Media lost 2 cents trading 4,651 stock units at $4.80 and Republic Financial Holdings declined by $3 to $133, with an exchange of 950 units.