Trinidad stocks resume losing streak

Stocks resumed the losing streak for May after a break on Wednesday, with prices mostly pushed lower on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded dropping 56 percent valued 61 percent less than on Wednesday and resulting in the trading of 15 securities down from 18 on Wednesday, to end with prices of one stock rising, six declining and eight remaining unchanged.
The market closed trading with an exchange of 86,938 shares for $752,643 compared with 195,705 stocks at $1,935,850 on Wednesday.
An average of 5,796 shares were traded at $50,176 compared with 10,873 units at $107,547 on Wednesday, with trading month to date averaging 17,574 shares at $174,482 compared with 19,210 units at $191,749 on the previous day and an average for April of 17,642 shares at $178,724.
The Composite Index fell 3.95 points to lock down trading at 1,160.87, the All T&T Index sank 6.14 points to 1,755.04, the SME Index remained unchanged at 78.90 and the Cross-Listed Index dipped 0.22 points to conclude trading at 73.49.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $69.03, with 1,553 shares changing hands, Ansa McAl remained at $57 after an exchange of just 3 units, Calypso Macro Investment Fund closed at $23 with investors transferring 3,776 shares. First Citizens Group ended at $47.50 in an exchange of 1,410 stock units, Guardian Holdings popped 1 cent to close at $17.51 with investors dealing in 1,159 shares, Massy Holdings lost 6 cents to finish at $4.19 with a transfer of 25,794 units. National Enterprises ended at $3.70 as investors exchanged 5 stock units, National Flour Mills remained at $1.94 in trading 1,000 stocks, NCB Financial ended at $2.70 after closing with an exchange of 34,012 shares. One Caribbean Media fell 20 cents to close at $3.50 with just 2 stock units changing hands, Republic Financial dipped 4 cents to finish at a 52 weeks’ low of $117.97 with 632 stocks clearing the market, Scotiabank fell 75 cents to end at $66.25 in switching ownership of 682 units. Trinidad & Tobago NGL skidded 5 cents in closing at a 52 weeks’ low of $7.95 with investors trading 6,056 shares, Trinidad Cement slipped 5 cents to $2.55 after 1,000 units crossing the exchange and West Indian Tobacco remained at $10 with traders dealing in 9,854 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.