Weakness of Trinidad Exchange continues

JMMB ended trading at 52 weeks’ low and West Indian Tobacco at a multi-year low on Thursday, on the Trinidad and Tobago Stock Exchange, with trading in 15 securities, down from 18 on Wednesday and ending with prices of three stocks rising, eight declining and four ended firm following a 32 percent decline in the volume of stocks traded with a 15 percent lower value than on Wednesday.
A total of 129,847 shares were traded for $1,051,586, from 191,862 stocks at $1,239,785 on Wednesday.
An average of 8,656 stock units were exchanged at $70,106 compared with 10,659 shares at $68,877 at the close on Wednesday, with trading for the month to date averaging 9,848 shares at $167,611 down from 9,925 units at $173,941 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index climbed 2.60 points to end the day at 1,120.74, the All T&T Index rose 5.42 points to 1,683.33, the SME Index remained at 87.78 and the Cross-Listed Index dropped 0.06 points to conclude trading at 72.61.
The market continues its weak tone as reflected in the Investor’s Choice bid-offer indicator showing three stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s dipped 50 cents and ended at $69.50 after a transfer of 443 shares, Angostura Holdings slipped 6 cents to $18 with investors trading 1,029 stocks, Calypso Macro Investment Fund declined 30 cents to close at $23.70 after an exchange of 12,050 units. Endeavour Holdings ended at $17 with trading of 10 stocks, First Citizens Group added 5 cents to close at $44.05 with investors exchanging 382 shares, FirstCaribbean International Bank fell 4 cents to $6.86, with 53,358 stock units changing hands. JMMB Group shed 1 cent to close at a 52 weeks’ low of $1.14 with traders dealing in 700 units, Massy Holdings popped 20 cents to close at $3.70 after an exchange of 11,884 stocks, National Enterprises ended at $3.21 after 25,101 units passed through the exchange. Prestige Holdings dipped 8 cents to $12.70 with a transfer of 620 stocks, Republic Financial remained at $115 with 636 shares crossing the exchange, Scotiabank advanced 99 cents and ended at $63.99 in switching ownership of 200 stock units. Trinidad & Tobago NGL ended at $7 with 11,820 shares clearing the market, Trinidad Cement sank 30 cents in closing at $2.65 in an exchange of 11,564 stocks and West Indian Tobacco skidded 20 cents and ended at a 52 multi-year low of $8.30 with investors dealing in 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.