Big fall for Trinidad Exchange

Big declines in prices of Republic Financial and Ansa McAl stocks pushed the Trinidad and Tobago Stock Exchange prime indices sharply lower on Thursday, following a 287 percent jump in the volume of stocks traded with a 15 percent lower value than Wednesday’s and ending in an exchange of 16 securities similar to Wednesday and ending with prices of five stocks rising, six declining and five ended firm.
The market closed with trading of 318,285 shares valued at $1,799,795 compared to 82,230 stock units at $2,125,118 on Wednesday.
An average of 19,893 shares were traded at $112,487 compared to 5,139 units at $132,820 on Wednesday, with trading month to date averaging 8,001 shares at $85,706 compared with 4,721 units at $78,313 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index dropped 18.55 points to end at 1,112.80, the All T&T Index dived 34.64 points to end the day at 1,670.46, the SME Index remained unchanged at 86.99 and the Cross-Listed Index fell 0.18 points to 72.23.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s skidded 50 cents to close at $68.25 as investors exchanged 110 stocks, Ansa McAl fell $3.15 to $60.40 in switching ownership of 1,555 units, Ansa Merchant Bank popped 1 cent to end at $41.52, with 50 shares crossing the exchange. First Citizens Group slipped 31 cents in closing at $43.99 with investors trading 2,613 stock units, FirstCaribbean International Bank remained at $6.93 after 1,175 shares passed through the market, GraceKennedy sank 17 cents and ended at $3.70 with investors swapping 732 units. JMMB Group ended at $1.25 with a transfer of 60,557 stocks, Massy Holdings gained 8 cents to finish at $4.12 with investors trading 239,249 stock units, National Enterprises ended at $3.50 after an exchange of 990 shares. One Caribbean Media rose 3 cents in closing at $3.68 after 431 units were traded, Republic Financial declined $4 to end at a 52 weeks’ low of $106, with 3,856 stocks changing hands, Scotiabank climbed 76 cents to close at $66 in an exchange of 644 stock units. Trinidad & Tobago NGL ended at $6.93 with 3,346 shares crossing the market, Trinidad Cement ended at $2.60 with an exchange of 31 stock units, Unilever Caribbean popped 1 cent to close at $11.72 with 2,506 units clearing the market and West Indian Tobacco shed 73 cents and ended at $9.27 with investors dealing in 440 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.