Third day of big declines for Trinidad Exchange

The Trinidad and Tobago Stock Exchange ended trading on Monday, with a third day of the market indices declining even as the volume of stocks traded rose 111 percent with a 50 percent increase in value over Friday and resulting in trading in 16 securities compared with 18 on Friday, with three stocks rising, six declining and seven remaining unchanged.
Investors exchanged 596,852 shares for $3,505,132 versus 282,398 stock units at $2,341,839 on Friday.
An average of 37,303 shares were exchanged at $219,071 compared to 15,689 shares at $130,102 on Friday, with trading month to date averaging 13,902 units at $159,870 compared with 11,471 units at $153,718 on the previous trading day. The average trade for July was 36,525 shares at $302,493.
The Composite Index fell 5.98 points to 1,237.35, the All T&T Index fell 12.04 points to close at 1,876.79, the SME Index remained at 70.47 and the Cross-Listed Index rallied 0.07 points to end at 77.40.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s advanced 1 cent and ended at $68, with 370 shares clearing the market, Ansa McAl rose 50 cents to end at $56 after an exchange of 68 units, Ansa Merchant Bank ended at $43 in trading 28 stocks. First Citizens Group lost 23 cents to close at $49.77 with investors transferring 355 stock units, FirstCaribbean International Bank shed 1 cent in closing at $7.03 and closed with 500 units changing hands. GraceKennedy remained at $3.39 after an exchange of 149,000 stocks, Guardian Holdings ended at $19.40 after investors traded 1,335 stock units, JMMB Group gained 2 cents in closing at $1.34 with stakeholders exchanging 168,590 shares. L.J. Williams B share remained at $2.59 after 500 units passed through the market, Massy Holdings ended at $4.80 after a transfer of 235,250 shares, National Enterprises ended with an exchange of 786 stocks at $3.79. National Flour Mills ended trading in 25 stock units at $1.53, Republic Financial dropped $1 to close at a 52 weeks’ low of $126, with 9,559 stocks crossing the market. Scotiabank dipped 2 cents and ended at $74.60 with a transfer of 500 shares, Trinidad & Tobago NGL fell 1 cent to end at $16.98, with 7,486 stock units crossing the exchange and Unilever Caribbean declined 20 cents to $11.70 after 22,500 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.