Big drop in TTSE on Monday

Six stocks closed at their lowest levels in a year on the Trinidad and Tobago Stock Exchange on Monday as the major market indices suffered sharp declines after 16 securities traded and leading to one stock rising, fourteen declining and one remaining unchanged.
At the close, NCB Financial is set to suffer a significant fall, with the stock closing with the offer to sell 133,050 units at $9 compared to the last sale price of $10 or nearly JS$200. There were no bids placed to buy the stock at the close.
At the close, the T&T Composite Index dropped 19.21 points to 1,390.48. The All T&T Index plunged 34.18 points to end at 1,802.50 while the Cross Listed Index closed with a decline of 0.55 points at 132.48.
The volume of stocks passing through the market fell to 462,718 shares valued at $8,783,460 compared to 658,697 shares for $21,898,549 on Friday.
IC bid-offer Indicator The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and six with lower offers.
Gainers│ Trinidad & Tobago NGL was the sole stock advancing after gaining $1.90 to close at $16.90, in exchanging 131,234 stock units.
Losers│ Clico Investments ended at a 52 weeks’ low of $21.04, after falling $1.46 trading 85,030 units, Angostura Holdings slid $1.21 to a 52 weeks’ low of $15 exchanging 50 stock units and Ansa McAL declined by $4.32 after transferring 568 stock units at $51. Ansa Merchant Bank traded 1,900 units, with a loss of 5 cents to end at $36.30, First Citizens Bank shed $3 to close at $42, with 16,260 units crossing the market, Guardian Holdings dipped 68 cents trading 6,065 stock units to end at a 52 weeks’ low of $17.90. JMMB Group closed at $1.90, after falling 10 cents in exchanging 160,383 units, Massy Holdings shed $1 to end at $58, with 2,330 stock units changing hands, National Enterprise lost 25 cents trading 500 stock units to finish at a 52 weeks’ low of $5. National Flour slipped to a 52 weeks’ low of a $1.20, after falling 2 cents and transferring 1,950 units, One Caribbean Media traded 300 stock units at a 52 weeks’ low of $7, with a decline of 15 cents. Prestige Holdings declined by 50 cents to end at $8, transferring 2,941 units. Scotiabank fell by $1.50 to end at $58 trading 11,246 stock units and West Indian Tobacco declined by $1.50 to close at $35, with 29,510 stock units crossing the market.
Firm Trades│ Republic Financial Holdings traded 12,451 stock units at $144.

Prices of securities trading are those for the day’s last transaction.

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