Trinidad & Tobago stocks slip


Stocks slipped on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded rising 234 percent, with a 98 percent improvement in value compared to Friday, resulting from trading of 20 securities compared with 21 on Friday and ending with prices of six rising, seven declining and seven ending firm, as four stocks closed at 52 week lows.

The market closed with trading of 816,974 shares for $2,621,223 compared to 244,763 stock units at $1,323,625 on Friday.
An average of 40,849 shares were traded at $131,061 compared with 11,655 units at $63,030 on Friday, and an average for August of 59,000 shares at $327,034.
The Composite Index fell 1.51 points to 998.68, the All T&T Index skidded 2.90 points to 1,436.60, the SME Index remained at 97.10 and the Cross-Listed Index ended unchanged at 74.23.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Agostini sank $4.50 and ended at $62.50, with 779 shares crossing the exchange, Angostura Holdings remained at $13 with investors trading 130 stocks, Ansa McAl ended at $44, after 14 shares crossed the market. CIBC Caribbean Bank rose 10 cents to end at $8.95 with traders dealing in 3 stock, First Citizens Group dipped 39 cents in closing at a 52 week low of $40.01, with 5,540 units clearing the market. GraceKennedy rose 1 cent to finish at $3.65 in trading a mere 10 stocks. Guardian Holdings ended at $15.24 after an exchange of 10 shares, JMMB Group fell 1 cent in closing at a 52 week low of $1.07 after the trading of 94,561 stock units, Massy Holdings slipped 6 cents to close at $3.84 with an exchange of 22,549 units. National Enterprises popped 3 cents to end at $2.15, as 23,049 shares passed through the market. National Flour Mills ended at $1.61 as investors exchanged 35,178 stock units, NCB Financial increased 4 cents and ended at $1.93 in switching ownership of 577,000 stocks. Point Lisas remained at $4 with investors swapping 31,819 units, Prestige Holdings climbed 75 cents in closing at $13.75, after 3,659 shares changed hands, Republic Financial lost 47 cents to end at a 52 week low of $106.03, with investors dealing in 1,544 units. Scotiabank ended at $49 after an exchange of 11,568 stocks, Trinidad & Tobago NGL declined 25 cents and ended at a 52 week low $3.20 with investors trading 6,310 stock units, Trinidad Cement added 1 cent to close at $2 after a transfer of 2,100 shares. Unilever Caribbean shed $1.39 to end at $13, with 40 units crossing the market and West Indian Tobacco ended at $3.95 in an exchange of 1,111 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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