Trinidad stocks falter on increase trades

Market activity spiked on Tuesday after investors traded 106 percent more shares than on Monday and carried 69 percent higher value as trading, resulting in more stocks falling than rising and pushing the market indices down at the close of trading on the Trinidad and Tobago Stock markets Exchange.
At the close, 19 securities traded compared to 16 on Monday, with three stocks rising, eight declining and eight remaining unchanged.
The Composite Index declined 8.86 points to settle at 1,416.59, the All T&T Index dropped 17.14 points to 1,928.57 and the Cross-Listed Index remained unchanged at 121.74.
A total of 307,359 shares traded for $3,882,610, up from 149,102 units at $2,292,097 on Monday.
An average of 16,177 units traded at $204,348 compared to 9,319 at $143,256 on Monday. The average trade, month to date amounts to 23,344 units at $236,106 versus 23,795 units at $238,104. The average trade for June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s traded 702 shares at $24.55, Angostura Holdings remained at $16.49 with a transfer of 136 units, Ansa McAL declined $2 to end at $58 in switching ownership of 256 stock units. Calypso Macro Investment Fund settled at $16.50 after trading 1,500 units, Clico Investment Fund shed 50 cents to $27, with 24,508 stock units clearing the market, First Citizens Bank closed at $50 in exchanging 5,703 shares. GraceKennedy slipped 15 cents to $6.15, with 217,673 stocks crossing the market, Guardian Holdings dropped 75 cents to $33 in an exchange of 9,050 shares, Guardian Media remained at $3.10 in transferring 884 units. Massy Holdings popped 6 cents to $80.50 with the swapping of 2,189 stocks, National Enterprises dipped 5 cents to $3.85 with 2,000 shares clearing the market, National Flour Mills rallied 4 cents to $2.04 in switching ownership of 1,387 stocks. NCB Financial Group dipped 1 cent to $8 with 15,691 stock units changing hands, Point Lisas closed at $3.15 with an exchange of 3,000 stocks, Prestige Holdings slipped 5 cents to $7.45 in switching ownership of 2,000 shares. Republic Financial Holdings inched 1 cent higher to $135.51 in exchanging 5,229 stocks. Scotiabank¬†shed 75 cents to end at $59 with an exchange of 168 shares, Trinidad Cement closed at $3.75 in trading 2,640 stocks and Unilever Caribbean remained at $16.33 with 12,643 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com