Trading drops for 2nd day on T&T Exchange  

Trading on the Trinidad and Tobago Stock Exchange weakened for a second consecutive day on Tuesday, with the volume of stocks traded declining 18 percent and the value dropping 49 percent compared to Monday, following an exchange of 18 securities, down from 23 on Monday and ending with prices of four stocks rising, five declining and nine ending firm.

The market closed with trading of 146,607 shares for $618,687 after sliding from 179,440 stock units at $1,207,091 on Monday.
Trading averaged 8,145 shares at $34,371 compared to 7,802 units at $52,482 on Monday. Trading month to date averages 9,985 shares at $77,735 after declining from 10,458 units at $88,888 on the prior day and an average of 73,891 shares at $397,305 for September.
The Composite Index shed 0.89 points to close at 1,015.11, the All T&T Index slipped 1.72 points to finish at 1,438.44, with the SME Index remaining at 74.34 and the Cross-Listed Index at 78.78.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini remained at $48.50with a transfer of 9 stocks, Angostura Holdings ended at $10.40 with an exchange of 25 units, Ansa McAl declined 49 cents to $44.50 with 220 shares crossing the market. AS Bryden shed 15 cents to close at $1.35 in trading 71,000 stock units, First Citizens Group closed at $40 in trading 4,636 shares, GraceKennedy rallied by 5 cents in closing at $4.20 with trading 34 stocks. Guardian Holdings popped 50 cents to $17.50 with 29 units crossing the exchange, JMMB Group ended at 85 cents after trading of 3,300 stock units, Massy Holdings ended at $3.30 in switching ownership of 17,817 shares. Medcorp dipped 1 cent to close at $43.74 with 10 stocks clearing the market, National Enterprises remained at $4.60 in an exchange of 13,248 units, National Flour Mills lost 4 cents to end at $1.65 with investors swapping 30,253 stock units. Point Lisas remained at $7.50 with a transfer of 20 shares, Republic Financial rallied $1 and ended at $115 as investors exchanged 1,001 stock units, Scotiabank ended at $47.74 with 23 units passing through the market. Trinidad & Tobago NGL skidded 5 cents to end at $10.10 after an exchange of 2,506 stocks, Unilever Caribbean ended at $16.45 with investors dealing in 30 units and West Indian Tobacco rose 10 cents to finish at $4 in an exchange of 2,446 stocks.
Prices of securities trading are those of the last transaction.