Big drop on TTSE – Thursday

The slide on the Trinidad & Tobago Stock Exchange continued on Thursday with trading ending with 305,051 shares valued at $24,989,105 changing hands as Republic Financial holdings accounted for $23 million of the value of trade. A total of 13 securities traded with 7 falling, none gaining while 6 remained unchanged. A total of 3 stocks closed at a 52 weeks’ low.
The market closed with the Composite Index declined by 6.21 points to close at 1,152.68, the All T&T Index fell by 12.35 points to close at 1,851.35 and the Cross Listed Index remained at 60.26.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with the bid higher than the last selling price and 7 with offers that were lower. More telling is the fact that about a third of the listings have no bids to buy.
Losses| Clico Investments Fund ended with a volume of 21,047 shares valued at $474,610 as the price declined by 18 cents to end at $22.55, First Citizens lost 1 cent in closing at $34.98 with only 140 units changing hands. National Enterprises closed with just 10,020 shares changing hands at to close at a 52 weeks’ low of $11.50 after falling by $1, One Caribbean Media had 672 shares trading with a loss of 1 cent to end at a 52 weeks’ low of $21.97. Scotiabank traded 6,190 shares but slipped 2 cents to end at a 52 weeks’ low of $59.46 and Unilever Caribbean fell by 1 cent with 305 shares trading at $65.99.
Firm Trades| National Commercial Bank ended trading 15,650 shares at $2.40, Republic Financial Holdings closed at $112.19 with 208,447 shares changing hands for a value of $23,385,703, JMMB Group traded 12,500 shares at 58 cents. Sagicor Financial Corporation traded 312 units at $6.99, Trinidad and Tobago NGL ended trading with 25,114 shares with a value of $478,422 at $19.05, Trinidad Cement closed at $3.68 with 25,114 shares changing hands and West Indian Tobacco traded 515 units at $126.30 worth $1,333,728.