Trinidad stocks continue to fall

Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the declining stocks outnumbering those gaining even as the volume of stocks traded jumped 1,266 percent with the value jumping 655 percent more than on Wednesday, resulting in 18 securities trading similar to Wednesday, and ended with the prices of two stocks rising, seven declining and nine remaining unchanged.
Investors exchanged 525,693 shares for $5,209,799 up from 38,476 units at $689,946 on Wednesday.
An average of 29,205 shares were exchanged for $289,433 compared with 2,138 stock units at $38,330 on Wednesday, with trading month to date averaging 10,912 shares at $156,849 compared with 8,122 units at $136,623 on the previous day. The average trade for July was 36,525 shares at $302,493.
The Composite Index lost 3.72 points to end at 1,254.26, the All T&T Index dipped 6.40 points to 1,905.76, the SME Index remained at 70.47 and the Cross-Listed Index shed 0.12 points to settle at 77.96.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Agostini’s ended at $68.50 after an exchange of 682 shares, Ansa McAl remained at $57.90 with investors swapping one stock, Ansa Merchant Bank fell $2 to $44.50 after 100 units passed through the market, Calypso Macro Investment Fund remained at $22, with stakeholders exchanging 70 stock units. First Citizens Group fell 1 cent to $49.99 in swapping 1,039 units, FirstCaribbean International Bank ended at $7.04 after a transfer of 7,039 shares, GraceKennedy remained at $3.40, with 138,613 stock units crossing the market, Guardian Holdings ended at $19 after investors traded of 174,466 stocks. JMMB Group dipped 2 cents to end at $1.32 in an exchange of 40 stocks, L.J. Williams B share shed 40 cents in closing at $2.30 in an exchange of 5,250 stock units, Massy Holdings dipped 4 cents to close at $4.81 with 105,025 shares changing hands, National Enterprises lost 27 cents to close at $3.75, with 86,196 units changing hands. Point Lisas ended at $3.70 with an exchange of 1,600 shares, Republic Financial gained 1 cent to end at $127.01 with 2,786 stocks clearing the market, Scotiabank dipped 2 cents in closing at $74.60 after investors ended trading 500 units, Trinidad & Tobago NGL rallied 4 cents to $17.69 after 401 stock units were traded. Trinidad Cement ended at $3.40 as investors traded 420 stocks and Unilever Caribbean ended at $12 with 1,465 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.