TTSE loses altitude

Trading on the Trinidad and Tobago Stock Exchange ended on Wednesday, with the major indices falling after an exchange of 24 percent fewer shares than on Tuesday and 12 percent less value.
The market closed with 12 securities trading, up from ten on Tuesday, and closed with two stocks advancing, four declining and six remaining unchanged. Trading resulted in 50,648 shares for $1,054,449 compared to 67,001 shares valued $1,193,207 on Tuesday.
The average trade for the day amounted to 4,220 units at $87,871 versus an average of 6,700 units at $119,321 for each security on Tuesday. For the month to date, the average trade amounts to 17,531 shares at $312,541 compared to 18,896 units at $335,584 on Tuesday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index fell by 1.46 points to 1,310.10. The All T&T Index dropped 3.29 points to end at 1,765.77, while the Cross Listed Index gained 0.06 points to close at 115.46.
The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling price and seven with lower offers.
Stocks rising│ Clico Investments gained 5 cents to finish at $25.26, in trading 33,100 shares and Grace Kennedy picked up 2 cents with a transfer of 1,830 stock units to close at $3.58.
Stocks declining│ First Citizens Bank ended 50 cents lower at $45, exchanging 890 shares, Massy Holdings shed 50 cents, in settling at $58.50 with a transfer of 85 units, National Flour lost 1 cent trading 8,333 stock units to close at $1.90 and West Indian Tobacco finished at $33.50, after losing 27 cents in transferring 644 units.
Stocks trading firm│ Guardian Holdings was unchanged at $19, in trading 116 units, JMMB Group exchanged 2,864 stock units at $1.80, Prestige Holdings held firm at $7.50, in exchanging 1,207 units. Republic Financial Holdings traded 625 units at $142, Scotiabank exchanged 254 units at $55 and Trinidad and Tobago NGL closed at $14.95, with 700 units changing hands.