Republic sinks Trinidad exchange

Republic Financial dropped $5, to close at a new 52 weeks’ low in trading on the Trinidad and Tobago Stock Exchange on Tuesday, and was the major factor pulling the overall market down following a 1,001 percent surge in the volume of stocks traded, with the value jumping 205 percent over Monday and resulting in 17 securities trading down from 21 on Monday, with prices of five rising, seven declining and five remaining unchanged.
Investors exchanged 914,841 shares for $4,448,880 up from 83,098 stock units at $1,457,421 on Monday.
An average of 53,814 shares were traded at $261,699 compared to a mere 3,957 units at $69,401 on Monday, with trading month to date averaging 16,153 shares at $181,798 compared with 13,405 units at $175,958 on the previous day. The average trade for August was 4,526 shares at $195,195.
The Composite Index shed 6.92 points to end at 1,203.09, the All T&T Index dived 16.42 points to 1,838.45, the SME Index popped 4.09 points to close at 70.47 and the Cross-Listed Index popped 0.46 points to concluded trading at 73.24.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $67 after 3,212 shares passed through the market, Angostura Holdings lost 3 cents in closing at $22.96 while exchanging 139 stocks, Ansa McAl dipped 10 cents to $56.90 in switching ownership of 17 units, Ansa Merchant Bank slipped 1 cent to $42.20, with 528 stocks changing hands. Endeavour Holdings gained $1 to close at $13, with 51 stock units crossing the market, First Citizens Group closed at $49 with trading in 2,420 units, FirstCaribbean International Bank ended at $7 with an exchange of 31,454 stocks, GraceKennedy rose 13 cents to $3.30 after 419,248 shares crossed the exchange. JMMB Group declined 4 cents in closing at $1.35 with shareholders swapping 63 stocks, Massy Holdings shed 12 cents to close at $4.85 in an exchange of 42,164 stock units, National Enterprises rallied 5 cents to close at $3.55 after an exchange of 376,154 units, NCB Financial climbed 4 cents and ended at $2.89 after an exchanging of 16,925 shares. Prestige Holdings ended at $7.95, with 8,591 units crossing the market, Republic Financial skidded $5 to close at a 52 weeks’ low of $120 with 536 shares clearing the market, Scotiabank popped 10 cents to end at $72 with a transfer of 10,107 stock units, Trinidad & Tobago NGL remained at $12.99 with an exchange of 1,000 stocks and West Indian Tobacco dipped 11 cents and ended at $10.20 after a transfer of 2,232 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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