TTSE falls with 6 stocks falling

Trading on the Trinidad Stock Exchange resulted in no stock gaining out of the 11 securities changing hands. 6 stocks declined and 5 traded firm with a total of only 82,720 units, valued at $1,911,266 as Massy Holding stock fell $1.75 as investors continued to react negatively to the falling oil prices and its likely impact on the Trinidad economy.
At the close of the market, the Composite Index declined by 2.32 points to close at 1,148.69, the All T&T Index fell by 3.73 points to close at 1,980.87 and the Cross Listed Index lost 0.12 points to close at 41.44.
Declines| The stocks declining at the end of trading are, Clico Investment Fund trading 3,860 shares, gained 1 cent to end at $22.75, Massy Holdings trading 7,990 shares closed with a loss of $1.75 at $65.25 for a new 52 weeks’ low. National Flour traded 9,900 shares and closed 1 cent lower at $1.45, Republic Bank traded 132 units at $118.69, while losing 5 cents, Sagicor Financial traded 14,000 units to lose 14 cents at $5.35, a new 52 weeks’ low and LJ Williams ended trading in 10,000 units at 99 cents after dropping 1 cent.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, First Citizens Bank with 30,000 shares trading for $1,080,000 at $36, Scotia Investments trading 5,000 units at $1.45, Point Lisas Industrial Port Development ended with 765 shares trading at $3.75, Scotiabank traded 573 shares to close at $62 and West Indian Tobacco traded 500 shares at $123.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator is reflecting an improvement in the negative reading of Tuesday and now shows 7 stocks with the bid higher than their last selling prices and 5 stocks with offers that are lower.