Just one stock rose at the close of trading on the Trinidad and Tobago Stock Exchange on Tuesday, but 12 declined, sending the major market indices into a slide with Ansa Merchant Bank and Republic Financial Holdings suffered multi-dollar declines.
Trinidad & Tobago Stock Exchange Head Quarters
The market closed with 20 securities trading, up from fourteen on Monday. At the close, the prices of seven stocks remained unchanged. Trading resulted in 38 percent fewer shares than on Monday with values climbing 151 percent as 236,245 shares costing $3,864,740 changed hands compared to 382,748 shares valued $1,536,873, on Monday.
Trading averaged 11,812 units at $193,237 versus an average of 27,339 units at $109,777 for each security on Monday. For the month to date, trading averaged 10,403 shares at $136,252 compared to 10,286 units at $131,483 on Monday. October closed with an average of 16,922 shares for $285,061.
The T&T Composite Index dropped 8.23 points to 1,275.87, the All T&T Index plunged 18.15 points to 1,698.75, while the Cross Listed Index gained 0.25 points to close at 115.34.
The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers. Two stocks closed at a 52 weeks’ low.
Stocks rising│ L.J Williams B share was the sole stock rising, trading 5,000 stock units at $1.39, after gaining 16 cents.
Stocks declining│ Agostini’s closed 25 cents lower at $24.25, with a loss of 25 cents transferring 50,000 shares Ansa Merchant Bank dropped $3.56 to $36.39, in exchanging 4,000 stock units, Ansa McAL shed 48 cents trading 2,578 units to end at $48. Clico Investments lost 3 cents to close at $25, with a transfer of 14,500 stock units, First Citizens Bank shed 25 cents to close at $43, with 962 units changing hands, Guardian Holdings ended at $20.50, after losing 28 cents and transferring 11,106 stock units. Guardian Media fell 50 cents to finish at a 52 weeks’ low of $3.50, with an exchange of 2,818 units. 
One Caribbean Media lost 3 cents trading 2,000 units to close at $4.82, Republic Financial Holdings declined by $2.50 to settle at $136, in transferring 1,390 units. Scotiabank slipped 25 cents to $54, in exchanging 10,000 stock units, Trinidad and Tobago NGL lost 50 cents to a 52 weeks’ low of $14.50 trading 3,310 units and West Indian Tobacco fell 94 cents to $32.50, with 3,959 units changing hands.
Stocks trading firm│ First Caribbean International Bank closed at $7.05 trading 84 units, Grace Kennedy exchanged 3,952 units at $3.60, JMMB Group traded 7,332 stock units at $1.72. NCB Financial Group ended at $7.95, with 91,768 shares crossing the market, National Enterprises finished with an exchange of 2,000 units at $3.39, Prestige Holdings ended at $7.50, with 2,486 units changing hands and Trinidad Cement exchanged 17,000 stock units at $2.10.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
With the sharp fall in the price of Republic, the T&T Composite Index declined 8.19 points to 1,281.45, the All T&T Index dived 16.26 points to 1,710.45, while the Cross Listed Index remained unchanged at 115.25.
Stocks declining│Ansa McAL lost 2 cents exchanging 25,200 shares to end at $48.48, Clico Investments closed 5 cents lower at $25 trading 46,827 shares, Republic Financial Holdings declined by $6.24, with 1,642 units changing hands, to close at $132.76 and Scotiabank shed 25 cents to end at $54.10, with 525 units crossing the market.
Stocks trading firm│ First Caribbean International Bank exchanged 1,212 units at $7.05, Guardian Holdings held firm at $20.78 trading 12,684 stock units, NCB Financial Group remained at $7.95, with 96,018 shares crossing the market. National Enterprises held firm at $3.40 in a transfer of 10,000 stock units, National Flour traded 49,071 shares at $1.84, One Caribbean Media exchanged 20,600 stock units at $4.85. Prestige Holdings ended at $7.40, with 14 units changing hands, Republic Financial Holdings transferred 20 units at $139, Scotiabank held firm at $54.35, in crossing the market with 1,309 units and Trinidad Cement closed at $2.10, with 800 units changing hands.
Similar to Tuesday, the market closed with 15 securities trading and ended with two stocks rising, three declining and remaining unchanged. Trading resulted in 82,960 shares for $1,200,746 compared to 287,597 shares valued $3,642,409 on Tuesday.
Stocks declining│First Citizens Bank finished at $43.39, with a loss of 11 cents trading 65 units, L.J. Williams B share shed 17 cents exchanging 500 units to settle at $1.23 and Prestige Holdings closed at $7.40, after losing 10 cents, with 586 units changing hands.
The market closed with 15 securities trading, up from sixteen on Monday, and ended with four stocks advancing, four declining and seven remaining unchanged. Trading resulted in 287,597 shares for $3,642,409 compared to 171,072 shares valued $3,576,359 on Monday.
Stocks declining│ Angostura Holdings shed 30 cents trading 120 units to close at $16, Grace Kennedy ended at $3.60, with a loss of 5 cents transferring 72,309 shares, Point Lisas slipped 15 cents to $3, with 25,000 shares changing hands and Trinidad and Tobago NGL lost 35 cents to close at $14.65, after exchanging 1,136 stock units.
Massy Holdings declined by $1.13 to close at $57.37, with an exchange of a mere 17 units, Scotiabank ended at 52 weeks’ low of $54, after losing 35 cents transferring 225 units and Trinidad and Tobago NGL lost 10 cents trading 9,804 shares to settle at $14.65.
Stocks trading firm│CinemaOne exchanged 150 units at $4, Clico Investments closed at $25, in transferring 836 units, First Caribbean International Bank traded 20 units at $7.04. First Citizens Bank ended at $43.50, with an exchange of 2,990 stock units, Grace Kennedy closed at $3.65, with 57,006 shares crossing the market, Guardian Media traded 200 units at $4.25. One Caribbean Media held firm at $4.85, with a transfer of 90 units, Prestige Holdings exchanged 20 units at $7.25, Scotiabank held firm at $54.35, with 277 units changing hands. Trinidad Cement ended at $2.06, transferring 4,063 stock units and Unilever Caribbean closed at 16.80, with an exchange of 100 units.
The number of securities trading surged to 20, from just nine on Monday, and closed with two stocks advancing, seven declining and eleven remaining unchanged. The T&T Composite Index declined by 6.22 points to 1,295.90, the All T&T Index dropped 10.47 points to 1,737.96, while the Cross Listed Index lost 0.26 points to close at 115.41.
Republic Financial Holdings fell 50 cents to $140.99, with an exchange of 1,150 units and Trinidad and Tobago NGL closed 25 cents lower at $14.75, with 7,326 stock units changing hands.
The market closed with nine securities trading, a drop from fifteen on Friday, and closed with four stocks advancing, one declining and four remaining unchanged. Trading resulted in 44,369 shares for $653,487 compared to 127,998 shares valued $2,370,997 on Friday.
National Enterprises finished 5 cents higher at $3.90, in exchanging 10 units and Prestige Holdings rose 25 cents to $7.25, with 500 units changing hands.
National Enterprises finished at a 52 weeks’ low of $3.85, with a loss of 5 cents after trading 1,550 units and West Indian Tobacco slipped 2 cents to $33.43, with 40 units changing hands.