West Indian Tobacco dropped $8.01 on the TTSE on Wednesday.
West Indian Tobacco (WITCO) dropped $8.01 to a 52 weeks’ low of $112.99 trading 70 units on the Trinidad & Tobago Stock Exchange on Wednesday. The bid on the stock fell sharply from the last traded price of $121 reached on the November 2, the stock was offered at $112.99 on Tuesday after several weeks of it on offer well below the prior traded price.
WITCO’s price is coming from $125.47 from early September but dropped $1.97 on October 30 and $1.99 on November 2. The stock is still not out of the woods with an offer at $113 and a bid at $106.25 to purchase only 16 units. The collapse followed reduced earnings flowing from decline in sales volume this year as a result of increase taxes on cigarettes and a recession in Trinidad.
Market activity resulted in the two major indices declining as trading levels slumped with only 8 securities changing hands compared to 13 on Tuesday leading to 1 stock rising, 1 declining and 6 closing unchanged.
At the close, just 74,546 stock units traded at a value of $1,870,096 in contrast to Tuesday’s much larger trades of 651,650 units valued at $16,389,752.
The Composite Index declined by 6.80 points to 1,273.63, the All T&T Index dropped 13.50 points to 1,741.48 but the Cross Listed Index remained unchanged at 108.61 points.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| At the close the sole stock falling in price at the close of the market is Trinidad & Tobago NGL closing at a 52 weeks’ high of $24, with gains of 30 cents in exchanging 25,620 shares valued at $614,880.
Firm Trades| The last traded prices of securities remaining unchanged at the close of trading are First Citizens closing at $31.85 with 17,529 shares valued at $558,299, Guardian Holdings traded 22,500 shares at $15.60 valued at $351,000, Massy Holdings remained at $48.92 with 1,265 units changing hands. National Enterprises closed at $9.75 exchanging 282 units, Sagicor Financial held firm at $7.80 with 3,008 shares traded and Scotiabank settled at $58.50 with 4,272 shares changing hands
Trading ended with 13 securities changing hands on the Trinidad & Tobago Stock Exchange on Tuesday compared to 14 on Monday as First Citizens Bank dominated market activity with 69 percent of the volume of securities traded and 87 percent of the value. 
National Flour Mills closed at a 52 weeks’ low of $1.90, losing 5 cents with 100,000 shares. Republic Financial Holdings with a loss of 1 cent, closed at $101.69 with 229 units and Sagicor Financial ending at $7.80, after falling by 15 cents with trades of 4,052 shares.
The Junior Market Index advanced by 30.97 points to close at 3,003.68 on Tuesday with 17 securities changing hands, as the prices of 6 securities advanced, 1 declined and 10 remained unchanged. 
valued at $598,559 and previously an average of 133,594 units valued at $602,040. In contrast, October closed with an average of 74,690 units valued at $362,548, for each security traded
Express Catering ended at $4.60, with 21,448 stock units. General Accident finished at $2.72, with 1,000 shares, Honey Bun settled at $4.80, with 11,806 shares, ISP Finance ended trading at $16, with 333 stock units, Jamaican Teas traded 5 cents higher at $4.05, with 25,100 units. Jetcon Corporation finished trading 14 cents higher at $4.74, with 154,338 shares, Knutsford Express closed at $13.50, with 43,681 shares, Lasco Financial ended trading 19 cents higher at $6.50, with 172,903 stock units. Main Event closed 45 cents higher at $5.95, with 8,250 shares, Paramount Trading concluded trading with a loss of 10 cents at $3.70, with 11,500 units, Stationery and Office ended trading at $5.15, with 397,500 stock units changing hands and tTech finished trading at $7, with 33,112 shares.
Trading on the Main Market and the US dollar market of the Jamaica Stock Exchange concluded trading on Monday with 26 securities changing hands, 8 advanced, 12 declined and 6 traded firm. 
The average volume and value for the month to date amounts to 292,432 units valued at $3,440,509 and previously 292,432 units valued at $3,440,509. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
Pulse Investments settled 1 cent higher at $1.80, with 47,343 shares, Radio Jamaica ended trading at $1.10, with 14,704 stock units, Sagicor Group traded with a loss of $1.40 at $35.60, with 12,516 units. Sagicor Real Estate Fund finished trading with a loss of 50 cents at $14.50, with 336 shares, Salada Foods Jamaica closed at $8.50, with 824,963 shares, Scotia Group ended with a loss of $1.50 at $52, with 155,603 stock units, Seprod finished $1.99 higher at $31.99, with 53,958 shares and Supreme Ventures ended trading with a loss of $1 to $10.80, with 9,303 stock units. In the main market preference segment, JMMB Group 7.5% preference share ended trading 5 cents lower at $1.05, with 4,000 stock units, while in the US dollar market JMMB Group 6% preference share rose modestly to close at US$1.22 with 10,000 units, Margaritaville traded 6,100 units at 19 US cents after falling 1 cent and Proven Investments traded 103,402 ordinary share in the US dollar market at 20.01 US cents after slipping 1 cent.
Trading on the Junior Market of the Jamaica Stock Exchange ended with the prices of 10 securities advancing, 6 declined and 2 remained unchanged on Monday with 19 securities changing hands, the same number as on Friday. 
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
JMMB Group with a loss of 5 cents, to settle at $2.15 with 25,925 shares exchanged, NCB Financial Group closed 60 cents lower to $5.90 trading 159,506 shares valued at $961,048, the stock closed with 40,494 units on offer at $5.90 with no buying interest expressed at the close and Republic Financial Holdings fell 5 cents, closing at $101.70 with 15 units.
Trading on the Main Market of the Jamaica Stock Exchange finished on Friday with 25 securities changing hands, 13 advanced, 5 declined and 6 traded firm with 6,563,781 units valued at $52,758,651 compared to only 3,755,947 units valued at a mere $24,471,583 on Thursday.
In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stocks ended with bids higher than their last selling prices and 1 with lower offers.
Caribbean Cement closed at $33, with 9,531 stock units, Carreras ended trading with a loss of 1 cent at $11.40, with 321,630 units. Ciboney Group traded 3 cents higher at 25 cents, with 50,000 shares, Grace Kennedy settled at $43, with 11,784 shares, Jamaica Broilers fell 19 cents to $18.80, with 16,868 stock units, Jamaica Producers finished with a loss of 5 cents at $15.50, with 24,241 units. Jamaica Stock Exchange closed 1 cent higher at $7.01, with 6,500 shares, JMMB Group climbed $2.11 to $28.61, with 70,640 shares, Kingston Wharves settled 99 cents higher at $33.99, with 1,106 units, Mayberry Investments ended trading with a loss of 60 cents at $5.20, with 618,785 shares. NCB Financial Group rose 50 cents to close at $104, with 84,758 shares, 
PanJam Investment ended trading with a gain of 40 cents at $42, with 43,044 units, Pulse Investments finished trading 4 cents higher at $1.79, with 27,000 shares, Radio Jamaica ended with a loss of 3 cents at $1.10, with 28,903 stock units. Sagicor Group traded 95,697 units and gained $1 to end at $37, Sagicor Real Estate Fund finished trading at $15, with 35,480 shares, Salada Foods Jamaica settled $1 higher at $8.50, with 742,613 shares, Scotia Group added $1.50 to end at $53.50, with 189,107 stock units. Seprod ended trading at $30, with 8,350 units, Sterling Investments closed 75 cents higher at $13, with 2,959 shares and Supreme Ventures ended at $11.80, with 524,225 shares. In the main market preference segment, JMMB Group 7.5% ended $1.10, with 2,660,00 stock units, while Proven Investments traded 8,552 ordinary share in the US dollar market at 21 US cents.
The Trinidad & Tobago Stock Exchange closed on Friday with 12 securities changing hands compared to 16 on Thursday as price changes were almost even as 3 stocks advanced, 4 declined and 6 held firm. 
Guardian Holdings after it traded at a low of $15.49 rose 10 cents from the previous, to last trade at $15.60 with 45,855 shares valued at $712,743 and Trinidad & Tobago NGL last trade was at $23.66, with gains of 8 cents exchanging 58,518 shares valued at $1,385,526.