Unilever products fighting in a weakened T&T economy leading to a big drop in the stock price.
Market activity ended with 89,258 shares valued at $1,450,746 changing hands, down from the $2,665,520 traded on Tuesday.
The Composite Index declined 1.03 points to close at 1,156.61, the All T&T Index fell 2.04 points to close at 1,817.25 and the Cross Listed Index ended unchanged at 66.04.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 8 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Gains| Trinidad Cement closed at $3.10 with 15,500 shares changing hands to gain 5 cents.
Losses| Clico Investment Fund closed with 14,420 shares valued at $326,637 changing hands, to end 1 cent down at $22.65, Massy Holding lost 1 cent in trading 5,718 shares valued at $314,433 to close at $54.99 and Unilever Caribbean traded 2,643 units to close at a 52 weeks’ low of $58 after nosediving $4.50. Unilever’s stock has been under pressure from early 2015 after it suffered from problems in a new software package followed by a weakening domestic market that saw revenues coming under pressure. The latest results to June, shows slightly reduced revenues in the June quarter, compared to 2015, with 13.6 percent more after tax profit, after gross profit increased by percent.
At the present price and likelihood of earnings per share hitting $2 this year, the stock is priced close to 30 times this year’s earnings, well ahead of others in that market and could undergo more decline in the price as the market adjusts it to be more in line with its peers.Firm Trades| First Citizens traded 13,058 units with a value of $457,030 at $35, Grace Kennedy ended with 36,950 shares changing hands at $2.56, Scotiabank closed with 955 shares changing hands to end at $57.53 and West Indian Tobacco with 14 shares changing hands closed at $126.32.
Trading activity on the Trinidad and Tobago stock market closed Tuesday with marginal gains in the market indices. The volume traded remained subdued with just over 200,000 units changing hands. At the close 12 securities changed hands, 5 of which rose, 7 remained unchanged with no losing stocks at the end of the day. 
Sagicor Financial Corporation gained 1 cent to close with 2,961 shares changing hands at $6.52.
Firm Trades| Angostura Holdings ended with 41,984 shares valued at $587,776 changing hands to close at $14, First Citizens traded 845 units at $35, Grace Kennedy contributed 15,666 shares to close at $2.56, JMMB Group closed with 29,540 shares changing hands at 62 cents, National Enterprises closed with just 1,000 shares changing hands at $10.49. Republic Financial Holdings ended with 237 shares changing hands at $110, Scotiabank closed with 476 shares changing hands to end at $57.53, Trinidad and Tobago NGL closed at $23.50 with 1,010 units changing hands and West Indian Tobacco with 1,858 shares changing hands closed at $126.32.
One Caribbean Media traded 200 shares to end with a loss of 5 cents at a 52 weeks’ low of $20.75, Sagicor Financial Corporation fell 25 cents to close with 46,021 shares changing hands at $6.50 and Trinidad Cement fell by 1 cent and closed at $3.04 with 6,100 shares changing hands.
Trading activity on the Trinidad and Tobago stock market closed Thursday with marginal fall in the two main indices. The volume traded remained subdued with just over 100,000 units changing hands. At the close just 9 securities changed hands, 1 of which rose, 1 declined and 7 remained unchanged. 
Firm Trades| Angostura Holdings ended with 40,633 shares with a value of $568,862, changing hands to close at $14, Clico Investment Fund closed with 2,237 shares changing hands to end at $22.66, JMMB Group had 1,000 shares changing hands at 64 cents. Prestige Holdings had 32 units changing hands, to close at $10.80, Republic Financial Holdings ended with 3,676 shares with a value of $404,355 changing hands at $110, Sagicor Financial Corporation closed with 479 shares changing hands at $6.75 and Trinidad Cement closed at $3.05 with 50,020 shares changing hands.
Trading activity on the Trinidad and Tobago stock market continued with relatively low volumes when it closed Tuesday. At the close 14 securities changed hands, resulting in 130,829 shares valued at just $2,628,992 traded, 3 stocks rose, 2 declined and 9 remained unchanged, leading to increases in all of the market indices. 
Firm Trades| Calypso Macro Index Fund traded 430 units at $23.25, Clico Investment Fund ended at $22.65 with 38,671 shares valued at $875,898 trading, First Citizens traded 313 units at $35, Massy Holdings ended with just 20 shares changing hands at $54.95, 
JMMB Group ended with 108,633 shares changing hands to close at 64 cents, 
Firm Trades| Ansa McAl traded only 29 units to end at $62, First Citizens traded 4,328 units at $35, Clico Investment Fund ended at $22.65 with 13,717 shares trading, 
Losses| First Citizens dipped 50 cents in trading 700 units, to end at $35, Massy Holdings closed with 499 shares changing hands with the loss of 1 cent at $55.98 and Unilever Caribbean traded 15 units to close at a 52 weeks’ low of $64.32 after falling 8 cents.
Losses| National Commercial Bank fell 10 cents in trading 25,000 shares to close at $2.65 and Unilever Caribbean traded 3,705 shares and fell 7 cents to close at a 52 weeks’ low of $64.40.