Trinidad stocks lose ground

Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 25 percent with the value being 49 percent lower than on Wednesday and resulting in 20 securities trading compared with 18 on Wednesday, with six stocks rising, nine declining and five remaining unchanged.
Investors traded 259,637 shares for $2,965,608 versus 346,170 stock units at $5,845,198 on Wednesday. An average of 12,982 units were traded at $148,280 compared to 19,232 shares at $324,733 on Wednesday, with trading month to date averaging 18,944 shares at $422,362 versus 20,019 units at $471,746 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index dipped 1.68 points to settle at 1,319.03, the All T&T Index popped 4.60 points to 1,985.32, the SME Index remained at 57.12 and the Cross-Listed Index dropped 1.18 points to 84.83.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped 50 cents after ending at $56.50, with 30 shares changing hands, Angostura Holdings fell 15 cents to close at $23.55 while exchanging 400 units, Ansa McAl remained at $50 as investors exchanged 208 stock units. Ansa Merchant Bank advanced $1 to a 52 weeks’ high of $46 with an exchange of 100 stocks, Calypso Macro Investment Fund climbed 90 cents to end at $21.15, with 143 shares crossing the market, First Citizens Group lost 90 cents in closing at $50.10 in trading 8,290 units. FirstCaribbean International Bank rose 7 cents after ending at $6.22 with an exchange of 10,679 stock units, Guardian Holdings gained 75 cents to close at $25.80 as 7,800 stocks passed through the market, Guardian Media ended at $2.15, with 16,793 shares clearing the market. JMMB Group declined 1 cent to $1.90 after a transfer of 124,391 units, Massy Holdings ended at $4.48 and closed with 27,244 stock units changing hands, National Enterprises rallied 44 cents to end at $3.94 after exchanging 636 stocks. NCB Financial dipped 20 cents in ending at 52 weeks’ low of $4 after trading 12,127 shares, Prestige Holdings remained at $6.90 in exchanging 1,808 stock units, Republic Financial shed $2.99 to $135, with 5,452 units crossing the market. Scotiabank popped 39 cents to close at $78.39 after trading 4,422 stocks, Trinidad & Tobago NGL shed 25 cents in ending at $20.85 after exchanging 4,346 stock units, Trinidad Cement declined 8 cents in closing at $3.51 in switching ownership of 1,000 stocks. Unilever Caribbean ended at $13.90 with investors transferring 11,000 units and West Indian Tobacco dropped 51 cents to end at $20 in an exchange of 22,768 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.