Trini stocks hit by falling oil price

Fallen oil price will severely affect foreign currency inflows into Trinidad and Tobago and negatively impact economic growth is taking a toll on stocks listed on the country’s stock exchange.

TTSE peaked earlier this year and has started the decent in March.

At the close of trading on Friday, the T&T Composite Index declined by 19.77 points to 1,409.69. The All T&T Index fell 5.49 points to end at 1,836.68, while the Cross Listed Index closed with a decline of 4.67 points at 133.03.
The market closed with fourteen securities trading with just one rising and five stocks declining, while eight remained unchanged and Clico Investment closed at a 52 weeks’ low. The volume of stocks passing through the market climbed to 658,697 shares valued at $21,898,549 compared to 402,595 shares for $13,725,015 on Thursday.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of one stock higher than their last selling prices and nine with lower offers.
Gainers│ Ansa Merchant Bank was the sole stock advancing with gains of 5 cent trading 500 stock units to close at $36.35.
Losers│ Clico Investments lost 5 cents exchanging 11,819 units to end at a 52 weeks’ low of $22.50, JMMB Group closed at $2, after falling 2 cents with 223,925 units crossing the market, NCB Financial shed 65 cents in trading 25,310 stock units to finish at $10. Republic Financial declined by $1.43 to $144 with a transfer of 10,596 units and West Indian Tobacco fell by 25 cents to end at $36.50 trading 165 stock units.
Firm Trades│ Agostini’s exchanged 85 units at $25.50, Ansa McAL transferred 18,148 stock units at $55.32 and First Citizens Bank traded 147,538 shares at $45, Massy Holdings closed at $59, with 185,187 shares crossing the market. Scotiabank had 7,424 stock units crossing the market at $59.50, Trinidad & Tobago NGL ended at $15, in transferring 23,403 shares after trading at a 52 weeks’ intraday low of $14. Trinidad Cement exchanged 4,000 stock units at $1.95 and Unilever Caribbean traded 597 units at $19.

Prices of securities trading for the day are those at which the last trade took place.

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