Trinidad Exchange weighted down by selling

Stocks ended with mostly losses on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 76 percent compared to Thursday, with a 22 percent greater value and resulting in 17 securities trading similar to Thursday and ended with prices of three stocks rising, seven declining including three that closed at 52 weeks’ lows and seven ended firm.

The market closed with trading of 220,060 shares valued $6,419,504 compared with 926,597 stock units at $5,261,776 on Thursday. At the close, an average of 12,945 shares were traded at $377,618 compared with 54,506 units at $309,516 on Thursday, with trading for the month to date averaging 42,460 shares at $325,395 compared to 44,227 units at $325,395 on the previous day and an average for September of 19,319 shares at $151,318.

The Composite Index shed 4.02 points to land at 1,040.64, the All T&T Index skidded 6.76 points to 1,556.05, the SME Index remained unchanged at 88.01 and the Cross-Listed Index skidded 0.15 points to 68.46.

The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.

At the close, Agostini’s ended at $62.45 with 3,012 shares crossing the market, Ansa McAl remained at $60 in an exchange of 1,127 stocks, First Citizens Group rallied 7 cents to end at $40.47 with an exchange of 113,580 stock units. FirstCaribbean International Bank increased 1 cent in closing at $7.06 with 49 stock units crossing the exchange, GraceKennedy dropped 5 cents to finish at $3.60 with investors dealing in 1,843 shares, Guardian Holdings lost $1.25 and ended at a 52 weeks’ low of $13.25 after 5,000 stocks passed through the market. Guardian Media ended at $1.40 with an exchange of 857 units, JMMB Group slipped 6 cents to end at $1 with 389 stock units clearing the market, Massy Holdings fell 9 cents in closing at $3.56 with traders dealing in 61,007 shares. National Enterprises remained at $2.85 with 7,532 stocks crossing the market, One Caribbean Media declined 24 cents to finish at a 52 weeks’ low of $2.91 with investors trading 850 units, Prestige Holdings ended at $10.50 after a transfer of 285 stock units. Republic Financial sank 5 cents to end at a 52 weeks’ low of $111.95 after 10,515 shares, were traded, Scotiabank remained at $56.35 with an exchange of 65 stock units, Trinidad & Tobago NGL dipped 25 cents and ended at $4.75 after 11,289 units were traded. Unilever Caribbean ended at $10.25 with a transfer of 1,097 stocks and West Indian Tobacco popped 15 cents in closing at $6.15 after an exchange of 1,563 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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