Trinidad stocks lose more ground

The decline of the Trinidad & Tobago market indices continued apace on Wednesday as declining stocks edged out advancing ones leaving the T&T Composite Index with a loss of 8.83 points to close at 1,363.75, the All T&T Index dropped 12.88 points to end at 1,761.39 and the Cross Listed Index slipped 0.64 points to 130.83.
The market closed with three stocks closing at 52 weeks’ low after four stocks recorded gains, seven declined, while four remained unchanged. The total volume of shares passing through the market climbed to 1,141,627 units valued at $5,923,432 compared to 656,107 shares for $10,311,421 on Tuesday.
IC bid-offer Indicator│The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and five with lower offers.
Gainers│ Clico Investments added 50 cents transferring 33,862 shares to end at $22, Guardian Holdings picked up 90 cents to close at $17.90, in trading 12,165 units, JMMB Group added 5 cents to end at $2 exchanging 926,457 shares and Republic Financial Holdings gained $5.72 to close at $141.72, with 15,370 stock units changing hands.
Losers│ Angostura Holdings lost 50 cents and slipped to a 52 weeks’ low of $14.50, in trading a mere five stock units, First Citizens Bank closed at $39, after falling $2.75 and exchanging 3,037 units. First Caribbean International Bank shed 15 cents to end at a 52 weeks’ low of $7.70 with 50 stock units crossing the market, Massy Holdings declined by 50 cents to close at $56.50, with 518 stock units changing hands, Scotiabank ended at $57 exchanging 754 units, after losing $1. Trinidad & Tobago NGL shed 24 cents to close at $17.01, with 2,750 stock units crossing the market and West Indian Tobacco lost 24 cents to end at $34.75, trading 139 units.
Firm Trades│ Ansa Merchant Bank traded 51 stock units at $36.30, National Enterprises exchanged 144,795 shares at $5, One Caribbean Media transferred 674 stock units at $7 and Trinidad Cement swapped 1,000 shares at $1.75.