Trinidad Cement at 52 weeks’ low – Wednesday

TCL trades at 52 weeks’ low on TTSE.

In trading on the Trinidad & Tobago Stock Exchange on Wednesday with Trinidad Cement closing at 53 weeks’ low of $2.50 as investors lose faith in the profitability of the company but the stock closing with a bid for a small amount to buy at $2.50.
At the close 13 securities changed hands with 1 stocks advancing, 6 declining and 6 remaining unchanged compared to 16 trading on Tuesday
Trading volume remained low, with 404,907 shares valued at $2,835,805 changing hands, compared to 195,484 shares valued at $1,671,458 on Tuesday
At close, the Composite Index lost 2.16 points on Wednesday to 1,255.08, the All T&T Index declined 1.77 points to 1,697.88, while the Cross Listed Index fell 0.35 points to close at 109.53.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with only 2 stocks ending with bids higher than the last selling prices and 6 with lower offers, an indication of the continuation of a weak market currently.
Gains| Clico Investments price increased 4 cents, concluding trading at $20.20, with 6,286 units.
Losses| First Citizens’ shares fell 19 cents and completed trading at $32.51, after exchanging 1,788 shares, NCB Financial Group closed with a loss of 5 cents and completed trading at $6.10, after trading 300,000 shares, Republic Financial Holdings shed 4 cents and settled at $101.65, with 806 stock units changing hands, Scotiabank lost 1 cent and ended at $62.65, after exchanging 925 shares, Trinidad & Tobago NGL ended trading 20 cents lower at $27.30, after exchanging 15,330 shares and Trinidad Cement concluded trading with a loss of 10 cents and settled at 53 weeks’ low of $2.50, with 2,314 stock units changing hands.
Firm Trades|
Grace Kennedy concluded market activity at $3.15, with 33,000 units, JMMB Group settled at $1.86, with 39,100 stock units changing hands, Massy Holdings closed at $47, with 842 stock units trading, One Caribbean Media settled at $12.44, with 1,017 stock units changing hands, Prestige Holdings ended at $10.01, after exchanging 144 shares and Sagicor Financial concluded trading at $7.80, as 3,355 units changed hands.
Prices of securities trading for the day are those at which the last trade took place.

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