The Trinidad and Tobago Stock market continues to slide and closed trading on Wednesday, with a modest slippage in the market index as declining stocks outnumbered advancing ones.
The T&T Composite Index slipped 2.61 points to 1,259.77. The All T&T Index declined by 5.18 points to end at 1,687.86 while the Cross Listed Index remained at 112.46.
The market closed with three stocks rising and five stocks declining, while six were unchanged while two closed at 52 weeks’ lows. The volume of stocks passing through the market climbed to 615,324 shares valued at $9,462,933 compared to 279,123 shares for $3,953,256 on Tuesday.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and four with lower offers.
Gainers│ Clico Investments advanced by $3.22 to close at $24.72, with 220,301 shares crossing the market, Guardian Holdings gained 2 cents to close at $17.95, in trading 4,677 units and National Flour rose 10 cents to $1.15, with 2,000 stock units changing hands.
Losers│ Massy Holdings declined by $2 to $48 after exchanging 45,590 shares, Republic Financial Holdings shed $1.05 to close at $135, after transferring 609 units, Scotiabank shed 25 cents trading 471 stock units to close at a 52 weeks’ low of $54.50. 
Trinidad and Tobago NGL lost 49 cents swapping 3,000 units and closed at $18.51 and Unilever Caribbean fell by 65 cents to finish at a 52 weeks’ low of $18.25, with 2,298 stock units crossing the market.
Firm Trades│ Calypso Macro Index Fund traded 70 units at $16, First Citizens closed at $37.99 with an exchange of 3,665 units, NCB Financial transferred 221,796 shares at $7.25. One Caribbean Media ended at $6.50, with 1,050 units changing hands, Trinidad Cement swapped 106,297 shares at $1.80 and West Indian Tobacco ended at $30.90, with 3,500 units changing hands.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
The Trinidad & Tobago Stock Exchange slipped at the close of trading on Tuesday to continue the slide that started early March as oil-dependent Trinidad & Tobago faces significant economic challenges with the price trading well under US$30 on the world market.
JMMB Group slipped 5 cents to $1.95, in exchanging 54,676 stock units, Prestige Holdings lost 16 cents trading 373 units and closed at a 52 weeks’ low of $7.90. Republic Financial Holdings declined by $5.20 to $136.05, with 1,500 stock units changing hands and Scotiabank shed 24 cents transferring 1,119 units at a 52 weeks’ low of $54.75.
Republic Financial Holdings ended at $141.25, with a loss of 23 cents in exchanging 2,451 stock units. Scotiabank fell 1 cent with 5,660 units share changing hands to close at $54.99 and West Indian Tobacco declined by $2.85 to a 52 weeks’ low of $30.90, with 1,976 stock units crossing the market.
Firm Trades│ Clico Investments swapped 9,241 stock units at $21.50, Guardian Holdings traded 4,008 units at $17.93, Massy Holdings closed at $48, with 24,651 shares changing hands. NCB Financial had 224,118 shares transferred at $7.25, One Caribbean Media ended at $6.50 after exchanging 50 units, Republic Financial Holdings closed at $141.48, with 37,572 shares crossing the market. Scotiabank traded 16,699 units at $55, Trinidad Cement exchanged 839 stock units at $1.75 and Trinidad & Tobago NGL ended at $18.75, with a transfer of 16,529 stock units.
The recent sharp decline of the Trinidad & Tobago Stock Exchange in March and on Wednesday, slowed sharply on Thursday, with reduced trading activity as the market closed with eleven securities trading of which the prices of two rose and five declined, while four remained unchanged.
Republic Financial Holdings ended at $141.48, with a loss of 1 cent in swapping 650 stock units. Trinidad & Tobago NGL shed 25 cents to close at $18.75, after exchanging 27,043 units and Unilever Caribbean fell by 10 cents to a 52 weeks’ low of $18.90, with 589 stock units crossing the market.
Stocks with the largest declines were, Massy Holdings, with a fall of $5, NCB Financial down $1.24, One Caribbean Media losing 45 cents, Scotiabank sliding $1.95 to $55 in swapping 81,671 shares and West Indian Tobacco declined by $3.81.
One Caribbean Media ended at 52 weeks’ low of $6.50, with a loss of 45 cents after exchanging 630 units. Scotiabank slid $1.95 to 52 weeks’ low of $55 in swapping 81,671 shares, Trinidad& Tobago NGL closed 26 cents lower to $19 exchanging 5,000 shares and West Indian Tobacco declined by $3.81 to a 52 weeks’ low of $30, with 3,000 stock units crossing the market.
Trading resumed on Tuesday after closing for the public holiday on Monday and ended on the last day of March with T&T Composite Index declining 11.85 points to 1,317.14. The All T&T Index dropped 8.50 points to end at 1,740.57 while the Cross Listed Index fell 2.08 points at 120.91.
Massy Holdings fell $4 to $50, with 163 stock units changing hands, NCB Financial ended at $8.50, after losing 49 cents after exchanging 2,889 units, Republic Financial lost 3 cents, in transferring 7,623 shares and closed at $141.49. Scotiabank shed 5 cents and ended at $56.95, with an exchange of 1,853 stock units and Trinidad& Tobago NGL closed 24 cents lower to $19.26 trading 92,282 shares.
National Flour ended at a 52 weeks’ low of $1.10, with a loss of 10 cents transferring 750 units and NCB Financial declined by $1.01 to $8.99, with 5,862 stock units changing hands.
One Caribbean Media ended at a 52 weeks’ low of $6.95, after losing 5 cents in exchanging 1,018 units, Republic Financial Holdings shed 20 cents to end at $141.52 with 17,778 shares changing hands and West Indian Tobacco declined by $1.09 to $33.66, in swapping 4,323 stock units.
The market closed with three stocks closing at 52 weeks’ low after four stocks recorded gains, seven declined, while four remained unchanged. The total volume of shares passing through the market climbed to 1,141,627 units valued at $5,923,432 compared to 656,107 shares for $10,311,421 on Tuesday.
Massy Holdings declined by 50 cents to close at $56.50, with 518 stock units changing hands, Scotiabank ended at $57 exchanging 754 units, after losing $1. Trinidad & Tobago NGL shed 24 cents to close at $17.01, with 2,750 stock units crossing the market and West Indian Tobacco lost 24 cents to end at $34.75, trading 139 units.