West Indian Tobacco price lost 10 percent on Friday in trading on the Trinidad and Tobago Stock Exchange and was the main stock that led to a sharp fall in the market index but three others add to the pain the market is suffering from for October.
The market has lost nearly 10 percent in value for October to date, with daily declines except for miniscule rises on October 7th and 13th.
Trading on Friday closed with an exchange of 17 percent more shares with the value of stocks changing hands surging 237 percent compared to Thursday. The market ended with 10 securities trading, down from twelve on Thursday and closed with one stock advancing, four declining and five remaining unchanged. Trading resulted in an exchange of 68,422 shares for $2,428,494 compared to 58,623 shares valued $720,497 on Thursday.
The average trade for the day amounted to 6,842 units at $242,849 versus an average of 4,885 units at $60,041 for each security on Thursday. For the month to date, the average trade amounts to 15,818 shares at $287,860 compared to 16,455 units at $291,052 on Thursday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index declined by 9.12 points to 1,300.29, the All T&T Index dipped 16.12 points to end at 1,748.88, while the Cross Listed Index shed 0.27 points to close at 115.11.
The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling price and four with lower offers.
Stocks rising│ Calypso Macro Index Fund, the sole stock to advance, closed at $13.95, with gains of 20 cents trading 1,000 shares.
Stocks declining│ First Citizens Bank shed 21 cents to settle at $45.50, in transferring 115 shares, JMMB Group lost 5 cents exchanging 12,000 shares to close at $1.75, Massy Holdings ended 50 cents lower at $58 trading 5,186 stock units and West Indian Tobacco fell to a 52 weeks’ low of $30.10, with a loss of $3.40 exchanging 200 units.
Stocks trading firm │ Clico Investments was unchanged at $25.26, with 28,580 shares changing hands, Guardian Holdings traded 6,878 stock units at $19, One Caribbean Media had an exchange of 4,000 stock units at $4.80. Republic Financial Holdings closed at $142, with 8,290 stock units changing hands and Trinidad and Tobago NGL closed at $15, in the trading of 2,173 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
