Republic Financial shed $4.48 on Tuesday on the Trinidad and Tobago Stock Exchange and sent the main market indices into a dive, with a 16 percent rise in the volume of stocks traded rising with a 32 percent lesser value than on Monday resulting in 20 securities trading compared with 18 on Monday, with six stocks rising, seven declining and seven remaining unchanged.
Investors traded 243,373 shares for $2,894,825 versus 210,154 stock units at $4,260,730 on Monday. An average of 12,169 units were traded at $144,741 compared to 11,675 shares at $236,707 on Monday, with trading month to date averaging 20,171 shares at $500,200 versus 22,364 units at $597,586 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index dipped 11.70 points to 1,319.16, the All T&T Index declined 11.01 points to 1,970.70, the SME Index remained unchanged at 57.12 and the Cross-Listed Index dipped 1.74 points to close at 87.06.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $57 after an exchange of 73 shares, Angostura Holdings dipped 19 cents to close at $23.55 clearing the market with five units, Ansa McAl remained at $50 as 122 stock units changed hands. First Citizens Group gained 10 cents in ending at $50.10, with 1,150 stocks crossing the exchange, FirstCaribbean International Bank dropped 45 cents in closing at $6.15 after finishing trading of 25 shares, GraceKennedy ended at $4.75 with 2,743 stock units changing hands. 
Guardian Holdings remained at $25.05 with a transfer of 28,574 units, JMMB Group popped 7 cents to $1.97 in switching ownership of 868 stocks, Massy Holdings lost 1 cent in closing at $4.48 after trading 94,336 stocks. National Enterprises rose 34 cents to end at $3.94 after a transfer of 5,590 stock units, National Flour Mills slipped 1 cent in closing at $1.50 in an exchange of 18,664 shares, NCB Financial ended at $4.20 while exchanging 286 units. One Caribbean Media remained at $3.70 with the swapping of 5,700 stocks, Prestige Holdings fell 10 cents to $6.90 with an exchange of 10 shares, Republic Financial shed $4.48 to close at $133.51 as 3,463 units passed through the market. Scotiabank increased 3 cents in ending at $77.98 with 8,047 stock units crossing the market, Trinidad & Tobago NGL advanced 10 cents to $21.10 as investors exchanged 3,901 stock units, Trinidad Cement dropped 1 cent in closing at $3.59 with 54,818 shares changing hands. Unilever Caribbean rallied 24 cents to end at $13.89, with 10,511 stocks crossing the market and West Indian Tobacco remained at $20.50 in an exchange of 4,487 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Republic drags down Trinidad market
February 7, 2023 by
