Big drop in T&TSE market index

Stocks mostly declined in trading on the Trinidad and Tobago Stock Exchange on Friday, with the market indices sizable losses at the close following a 28 percent rise in the volume of stocks traded with a  235 percent greater value than on Thursday, resulting from trading in 22 securities compared with 20 on Thursday, with prices of three stocks rising, eight declining and 11 remaining unchanged.
Investors exchanged 294,003 shares for $3,104,138 versus 229,004 stock units at $925,772 on Thursday.
An average of 13,364 units were traded at $141,097 compared with 11,450 shares at $46,289 on Thursday, with trading month to date averaging 25,283 shares at $173,633 versus 26,844 units at $177,894 on the previous day. The average trade for April amounts to 17,776 shares at $261,442.
The Composite Index dropped 24.80 points to 1,290.56, the All T&T Index shed 14.10 points to close at 1,957.19, the SME Index remained at 62.13 and the Cross-Listed Index dipped 5.08 points to conclude trading at 80.78.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings increased 40 cents to close at $23.50 in an exchange of 3,470 shares, Ansa McAl ended at $50.90 with 93 stocks crossing the exchange, Ansa Merchant Bank closed at $46 with 100 units clearing the market, Calypso Macro Investment Fund remained at $22 after an exchange of 200 stocks. First Citizens Group shed 21 cents to end at $49.76 after a transfer of 425 stock units, FirstCaribbean International Bank lost 22 cents in closing at $7.02 with an exchange of 500 stocks, GraceKennedy ended at $3.98 after 9,358 shares passed through the market, Guardian Holdings declined $1.42 to $22 after 12,324 units were traded. JMMB Group remained at $1.47 as investors exchanged 15,222 shares, Massy Holdings dipped 5 cents to close at $5.10 following the trading of 166,804 stock units, National Enterprises ended at $3.74, with 26,300 units changing hands, National Flour Mills rose 16 cents in closing at $1.61 after shareholders traded 8,532 stocks. NCB Financial fell 40 cents to end at $3.50 while exchanging 14,600 stocks, One Caribbean Media ended at $3.82 in switching ownership of 2,808 stock units, Point Lisas remained at $3.27 in trading 185 shares, Prestige Holdings ended at $7.90 with a transfer of 240 units. Republic Financial remained at $134 with investors trading 4,319 stock units, Scotiabank popped 4 cents in closing at $77.49, with 10,005 units crossing the market, Trinidad & Tobago NGL dipped 1 cent to $19 after an exchange of 4,750 stocks. Trinidad Cement shed 8 cents to end at $3.35 in an exchange of 1,650 shares, Unilever Caribbean ended at $15.99 with shareholders swapping 6,933 stock units and West Indian Tobacco fell $1 in closing at $15 while exchanging 5,185 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.