TTSE trading sinks low on Thursday

Trading on the Trinidad and Tobago stock market closed on Thursday with only 7 securities changing hands resulting in a mere 8,552 shares valued at $257,682 being traded as recent buying interest have subsided. At the close, 1 stock rose, 3 declined and 3 remained unchanged, leading marginal decline in all three market indices. Two stocks closed at 52 weeks’ lows.
The Composite Index lost 0.04 points to close at 1,150.80, the All T&T Index slipped 0.02 points to close at 1,811.42 and the Cross Listed Index eased 0.01 at 65.25.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 9 stocks with bids higher than their last selling prices and 6 with offers that were lower. National Commercial Bank is under selling pressure with bid to buy 500 units at $2.55 and offer to sell 23,687 units at $2.65 compared to the last traded price of $2.75.
Gains| Scotiabank closed with 1,800 shares changing hands and gained 1 cent to end at $55.52.
Losses| One Caribbean Media lost 10 cents to close at a 52 weeks’ low of $20.89 with 120 units changing hands, Sagicor Financial Corporation closed with 2,551 shares changing hands and fell 1 cent at $6.98 and Unilever Caribbean traded 100 shares and fell 27 cents to close at a 52 weeks’ low of $64.47.
Firm Trades| First Citizens traded 1,850 units to end at $35, Massy Holdings closed with 500 shares changing hands at $55 and Trinidad and Tobago NGL closed with 1,631 shares changing hands at $23.75.