Unilever forming a head & shoulder formation suggesting much lower price for the stock.
Unilever Caribbean closed at the lowest price since August 5, 2011, continuing to drift lower, pressured by poor profit for 2017. Overall trading on the Trinidad & Tobago Stock Exchange closed on Monday with 14 securities changing hands compared to 13 on Friday with just 1 stock advancing, 5 declining and 8 unchanged with 2 falling to 52 weeks’ lows.
Market activity ended as 1,413,505 shares traded at a value of $8,688,584 compared to Friday’s trades of 321,584 valued at $4,433,970.
The Composite Index fell 1.08 points to 1,257.96, the All T&T Index declined 2.66 points to 1,723.85 and the Cross Listed Index gained 0.07 points to close at 106.76.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 2 stocks with bids higher than last selling prices and 5 with lower offers.
Gains| The sole security gaining at the close of trading is Grace Kennedy with a rise of 4 cents, and closing at $3 with 791,507 shares traded at a value of $2,358,741.
Losses| The last traded prices of the securities declining are JMMB Group with a loss of 9 cents, ended at $1.50 with 325,000 shares valued at $487,910 trading, One Caribbean Media dropped $1 and closed at a 52 weeks’ low of $13, trading 250,358 valued at $3,269,007. Scotiabank lost 9 cents, settling at $60 in exchanging only 15 units, Trinidad & Tobago NGL closed at $26.20, with a loss of 30 cents with 4,986 shares changing hands and Unilever Caribbean fell to a 52 weeks’ low of $29, having lost $1, trading 7,920 shares.
Firm Trades| The last traded prices of securities closing unchanged are First Citizens closed at $32 with 100 units changing hands, First Caribbean International Bank trading 1,075 units at $9.30. National Enterprises exchanged 1,000 units at $9.80, National Flour Mills closed at $1.90 with 1,595 shares trading, Point Lisas closed at $3.90 with 372 units, Republic Financial Holdings traded 21,000 shares valued at $2,100,000, and settled at $100, Sagicor Financial held firm at $7.96 trading 7,077 shares and Bourse Brazil Latin Fund US Dollar shares closed at US$8.10 with 00 units exchanged.
