Trinidad & Tobago Stock Exchange drops

Rising and declining stocks shared honours on Friday on the Trinidad and Tobago Stock Exchange after 17 securities were traded compared with 18 on Thursday, with prices of four stocks rising, four declining and nine remaining unchanged resulting in the market indices falling sharply following a 56 percent drop in the volume of stocks traded, with the valued being 97 percent more than Thursday.
The market closed with an exchange of 191,752 shares for $6,015,616 versus 433,286 stock units at $3,060,037 on Thursday.
An average of 11,280 shares were traded on Friday at $353,860 versus 24,071 units at $170,002 on Thursday, with trading month to date averaging 17,858 shares at $259,295 compared with an average for January of 15,998 shares at $167,627.
The Composite Index declined 11.88 points to 1,180.72, the All T&T Index shed 22.64 points to finish at 1,758.38, the SME Index remained unchanged at 78.23 and the Cross-Listed Index slipped 0.05 points to finish at 78.75.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Agostini’s sank 50 cents to end at $68 with investors swapping 50,959 stock units, Ansa McAl ended at $56.80 in an exchange of 148 shares, Ansa Merchant Bank ended at $43.25 with traders dealing in 173 units. First Citizens Group ended at $50.50 in switching ownership of 15,179 stocks, FirstCaribbean International Bank increased 5 cents to close at $7.05 after 559 units passed through the market, GraceKennedy climbed 2 cents to $4.12 with a transfer of 19,158 shares. Guardian Holdings dipped 25 cents in closing at $18 as investors exchanged 27,348 stock units, Massy Holdings remained at $4.40 after a transfer of 28,525 stocks, National Enterprises ended at $3.75 with investors exchanging 9,288 stock units. NCB Financial remained at $3.35 with investors transferring 30,000 stocks, One Caribbean Media ended at $3.45 in an exchange of 370 shares, Prestige Holdings popped 19 cents and ended at a 52 weeks’ high of $10.69, with 50 stock units crossing the market. Republic Financial rallied $1.18 to $120.68 after an exchange of 7,201 shares, Scotiabank ended at $67, with 850 units changing hands, Trinidad & Tobago NGL remained at $10 with an exchange of 457 stocks. Unilever Caribbean fell 1 cent in closing at $11.90, with 510 stock units clearing the market and West Indian Tobacco skidded 25 cents to $8.75 in trading 977 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.