Trinidad stocks falter to start week

Market indices declined as trading dived on the Trinidad and Tobago Stock Exchange on Monday, with a 72 percent fall in the volume of stocks traded that is valued at 27 percent less than Friday’s outcome, resulting in the trading of 17 securities compared with 20 on Friday and ending with prices of five stocks rising, eight declining and four closed unchanged.
Trading ended with an exchange of 140,119 shares for $2,059,518 down from 500,062 stock units at $2,826,343 on Friday.
An average of 8,242 shares were traded at $121,148 down from 25,003 units at $141,317 on Friday. Trading for the month to date averaged 16,271 shares at $144,375 compared with 16,825 units at $145,979 on the previous day and an average for April of 17,642 shares at $178,724.
The Composite Index dipped 1.37 points to settle at 1,139.85, the All T&T Index skidded 6.26 points to conclude trading at 1,719.50, the SME Index remained at 78.90 and the Cross-Listed Index rose 0.54 points to 72.72.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings slipped 80 cents to finish at $18 with investors trading 125 shares, First Citizens Group fell 25 cents to end at $46 with an exchange of 20,000 units, FirstCaribbean International Bank rose 3 cents to $6.93 after 4,559 shares were traded. GraceKennedy ended at $3.90 with investors dealing in 3,915 stocks, Guardian Holdings dipped 1 cent to end at $16.90 in switching ownership of 2,711 shares, JMMB Group sank 8 cents to end at $1.26 and closed with an exchange of 5,115 stocks. Massy Holdings popped 18 cents in closing at $4.19 after an exchange of 6,036 units, NCB Financial remained at $2.70, with 850 stock units crossing the market, One Caribbean Media ended at $3.70 after investors closed trading of 1,010 shares. Point Lisas ended at $3.50 after an exchange of 100 stocks, Prestige Holdings skidded 29 cents to end at $12.71 with a transfer of 1,615 units, Republic Financial lost 13 cents to close at $117.86 following 297 stock units changing hands. Scotiabank dropped $2.50 to $65 in an exchange of 7,480 shares, Trinidad & Tobago NGL shed 25 cents to finish at a 52 weeks’ low of $7.50 with traders dealing in 1,659 stocks, Trinidad Cement rallied 5 cents and ended at $2.60, with 48,852 units crossing the exchange. Unilever Caribbean increased 24 cents to close at $12 with investors transferring 1,211 stock units and West Indian Tobacco rose 1 cent in closing at $9.01, with 34,584 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.