Declining stocks pressure Trinidad market

Declining stocks dominated market activity on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 22 securities compared to 16 on Tuesday, with prices of only three rising, while 10 fell and nine remained unchanged as 56 percent more shares were traded than on Tuesday, with the value jumping 136 percent higher, with an exchange of 513,673 shares for $9,545,912 versus 328,773 units at $4,051,342 on Tuesday. 
An average of 23,349 units were traded at $433,905 compared to 20,548 shares at $253,209 on Tuesday, with trading month to date averaging 45,696 units at $507,023 down from 47,594 units at $513,271 on the previous day. The average trade for August was 40,829 units at $378,385.
The Composite Index shed 2.96 points to end at 1,358.00, the All T&T Index fell 5.49 points to 2,019.73 and the Cross-Listed Index dipped 0.03 points to close at 90.98.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Ansa McAl shed 50 cents to close at $56.50 in switching ownership of 710 shares, Ansa Merchant Bank remained at $42.15 after trading 6,003 units, Calypso Macro Investment Fund popped $1.50 to $22 in an exchange of 1,434 stocks. CinemaOne dipped 82 cents in closing at $5.98, with 150 stock units crossing the market, Clico Investment Fund gained 60 cents to end at $30.10 with an exchange of 6,282 shares, First Citizens Group lost 49 cents to close at $50.01 with 57 stocks switching owners. FirstCaribbean International Bank ended at $5.08 with the swapping of 175 stock units, GraceKennedy ended at $5.30, with 100,220 units changing hands, Guardian Holdings advanced 50 cents to $26 with investors transferring 22 shares. JMMB Group dipped 3 cents to $2.30 after 205,804 units crossed the exchange, L.J. Williams B share remained at $2.20 with 20 stocks clearing the market, Massy Holdings declined 11 cents to $4.68 as investors exchanged 74,788 stock units. National Enterprises fell 5 cents to end at $3.30 in trading 3,000 stock units, National Flour Mills ended at $1.40 and closed with 4,000 units changing hands, One Caribbean Media remained at $3.99 with a transfer of 30 shares. Point Lisas lost 2 cents in closing at $3.09 after a transfer of 575 stocks, Prestige Holdings ended at $3.09 after exchanging 3,707 units, Republic Financial Holdings dipped 50 cents to $140 after exchanging 35,760 shares. Scotiabank declined 60 cents to $78.40 in an exchange of 19,581 stocks, Trinidad & Tobago NGL remained at $22 trading 39,507 stock units, Unilever Caribbean fell 20 cents to end at $13.15 while exchanging 210 shares and West Indian Tobacco remained at $22.90 after a transfer of 11,638 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC