An avalanche of falling stocks in Trinidad

Market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 33 percent, with the value down sharply by 81 percent compared to Monday.
As the case on Monday, 22 securities traded on Tuesday, with six rising, 12 declining and four remaining unchanged as two stocks traded at 52 weeks’ lows. The Composite Index fell 7.46 points to 1,419.74, the All T&T Index dipped 10.03 points to 2,050.76 and the Cross-Listed Index lost 0.66 points to settle at 104.24.
A total of 421,104 shares traded for $5,235,115 compared to 623,867 units at $28,183,997 on Monday.
An average of 19,141 units traded at $238,869, down from 28,358 shares at $1,281,091 on Monday, with trading month to date averaging 40,316 units at $471,712 versus 51,687 units at $378,356 on the previous trading day. Trading in April averaged 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Angostura Holdings rallied 88 cents to end at $22.89 in trading 358 shares, Ansa McAl declined $1.45 to close at $55.55 after exchanging 500 units, Ansa Merchant Bank ended at $45, with 21 stock units crossing the market. Calypso Macro Investment Fund advanced 2 cents in closing at $18.52 while exchanging ten stocks, Clico Investment Fund dropped 28 cents to $30.48, with an exchange of 3,784 stocks, Endeavour Holdings shed 49 cents to end at a 52 weeks’ low of $7.01 trading 800 stock units. First Citizens Group climbed 6 cents to close at $52.06 after 2,210 shares changed hands, FirstCaribbean International Bank fell 5 cents to $5.40, with 642 units crossing the exchange, GraceKennedy lost 1 cent in closing at $5.98 after trading 284 units. Guardian Holdings declined 50 cents to $27.50 and ended with 210 stock units trading, JMMB Group lost 7 cents to $2.53, with 16,221 stocks clearing the market, Massy Holdings rose 3 cents to $5.19 after 36,344 shares crossed the market. National Enterprises popped 5 cents to close at $3 in an exchange of 195,680 stock units, National Flour Mills fell 20 cents in closing at $1.60 with the swapping of 28,834 units, and NCB Financial Group shed 4 cents to end at a 52 weeks’ low of $6 in exchanging 65,038 shares. Point Lisas dropped 10 cents to $3.05, with 1,984 stocks changing hands, Republic Financial Holdings dipped 1 cent to $140 in switching ownership of 10,277 units, Scotiabank remained at $78 in exchanging 20,761 shares. Trinidad & Tobago NGL gained 54 cents to end at $20.74 with the swapping of 13,400 stocks, Trinidad Cement finished at $3.60, after 3,000 stock units changed hands, Unilever Caribbean shed 5 cents in closing at $16.50, with 15,733 stocks clearing the market and West Indian Tobacco remained at $23.50 after exchanging 5,013 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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