Trinidadian stocks drift lower

The main indices fell for a second consecutive day, Trinidad and Tobago Stock Exchange on Tuesday after 68 percent more shares were exchanged over Monday, with Clico Investments, the volume leader, accounting for 73 percent of the market’s value.
The market closed with 15 securities trading, up from sixteen on Monday, and ended with four stocks advancing, four declining and seven remaining unchanged. Trading resulted in 287,597 shares for $3,642,409 compared to 171,072 shares valued $3,576,359 on Monday.
The average trade for the day amounted to 19,173 units at $242,827 versus an average of 10,692 units at $223,522 for each security on Monday. For the month to date, the average trade amounts to 8.722 shares at $128,645 compared to 7,800 units at $118,570 on Monday. October closed with an average of 16,922 shares for $285,061.
The T&T Composite Index fell by 1.16 points to 1,288.79, the All T&T Index dropped 3.30 points to 1,725.53, while the Cross Listed Index gained 0.14 points to close at 115.18.
The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and one with lower offers.
Stocks rising│ Clico Investments added 5 cents to close at $25.15, in exchanging 105,960 shares, NCB Financial Group gained 5 cents trading to end at $7.95, with 27,400 shares crossing the market, Prestige Holdings finished at $7.30, after gaining 5 cents in transferring 704 units and Scotiabank added 30 cents to settle at $54.35, with 697 units changing hands.
Stocks declining│ Angostura Holdings shed 30 cents trading 120 units to close at $16, Grace Kennedy ended at $3.60, with a loss of 5 cents transferring 72,309 shares, Point Lisas slipped 15 cents to $3, with 25,000 shares changing hands and Trinidad and Tobago NGL lost 35 cents to close at $14.65, after exchanging 1,136 stock units.
Stocks trading firm│ Ansa Merchant Bank was unchanged at $39.50, in transferring 528 units, Calypso Macro Index Fund closed at $14 exchanging 2,430 stock units, First Citizens Bank remained at $43.50, with 2,592 stock units crossing the exchange. JMMB Group held firm at $1.75, trading 20,000 shares, Massy Holdings ended with an exchange of 635 units at $57, National Enterprises traded 24,820 shares at $3.40 and Unilever Caribbean finished at $16.80, with a transfer of 3,266 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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