Trading drops on T&T Stocks Exchange


Losing stocks beat winners by a 5 to 2 margin on the Trinidad and Tobago Stock Exchange on Wednesday, with prices of four stocks advancing, 10 declining, including four that closed at a 52 weeks low and six ended firm after investors traded 20 securities down from 22 on Tuesday. The volume of stocks traded fell 59 percent, valued 8 percent less than on Tuesday. Trading was dominated by Trinidad and Tobago NGL with 44 percent of all the shares traded valued at $598,372.

The market closed with trading of 178,897 shares for $1,720,878, after tumbling from 441,584 stock units at $1,868,780 on Tuesday.
An average of 8,945 shares were traded at $86,044 compared with 20,072 stock units at $84,945 on Tuesday, with trading month to date averaging 25,822 shares at $248,845 after decreasing from 27,120 units at $261,369 on the previous day and an average for February with 30,770 shares at $141,333.
The Composite Index gained 4.21 points to close at 929.47, the All T&T Index climbed 7.92 points to 1,336.94, the SME Index remained unchanged at 91.16 and the Cross-Listed Index rose 0.03 points to end at 69.07.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close of trading, Angostura Holdings sank 8 cents to end at a 52 weeks low of $10.91 with 250 shares changing hands, Ansa McAl remained at $37.26 after a transfer of 1,357 units, Ansa Merchant Bank increased 20 cents and ended at $24.20 after dealers swapped 21 shares. AS Bryden fell 3 cents to $1.45 with an exchange of 1,075 stock units, CIBC Caribbean Bank ended at $8.25 with 200 stocks passing through the market, First Citizens Group sank 55 cents to finish at $34.45 in trading 5,095 shares. GraceKennedy shed 5 cents to a 52 weeks low of $3.26 after an exchange of 11,116 stock units, Guardian Holdings dipped 1 cent in closing at $15.20 after 2,402 units were traded, JMMB Group remained at 81 cents in switching ownership of 21,357 stocks. Massy Holdings lost 2 cents and ended at a 52 weeks low of $3.38 with investors trading 45,534 shares, Medcorp ended at $44 with 100 stock units crossing the market, National Enterprises popped 41 cents to close at $3.20 with investors trading 750 units. One Caribbean Media slipped 5 cents to a 52 weeks low of $1.30 with 3,250 stocks clearing the market, Point Lisas ended at $6.30 with traders dealing in 26 shares, Prestige Holdings rallied 90 cents and ended at $12.40 in an exchange of 314 stock units. Republic Financial declined 50 cents to finish at $106 with investors dealing in 3,353 units, Scotiabank remained at $45 with 1,334 stocks crossing the market, Trinidad & Tobago NGL rose 55 cents in closing at $9.35 in an exchange of 63,997 units. Trinidad Cement skidded 6 cents to $1.63 with investors swapping 1,101 shares and Unilever Caribbean dipped 9 cents to end at $13.01 after an exchange of 16,265 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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