50% premium for JMMB shares on TTSE

JMMB Group closed on the Trinidad & Tobago Stock Exchange on Tuesday at $1.91, around J$36, a huge premium of approximately 50 percent to the price in Jamaica of $25. At the close, there was no stock on offer, the bid ended at $1.91 to buy 70,000 units.
Demand for the stock is flowing from a strong 39 percent rise in the investment house third quarter profits to December last year.
Market activity, closed with a mere 318,277 shares valued at $4,465,418 trading, compared to 1,126,271 units with a valued of $14,736,676 on Monday.
The market closed with 5 stocks rising, 3 declining and 8 remaining unchanged with trading in 16 securities against 12 on Monday. At close the Composite Index rose 1.09 points on Tuesday to 1,268.56, the All T&T Indexadded 0.23 points to 1,699.65, while the Cross Listed Index gained 0.27 points to close at 113.01.
IC bid-offer Indicator|At the end of trading, on Monday, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| First Citizens rose 1 cent and settled at $32.12, trading 2,425 shares, JMMB Group closed with a gain of 6 cents and concluded market activities at $1.91, with 30,000 stock units changing hands. National Enterprises gained 2 cents and ended at $9.67, with 43,089 units changing hands, Prestige Holdings finished trading with a gain of 1 cent to $10.01, in exchanging 5,000 shares and Sagicor Financial rose 1 cent and ended at $7.83, with 10,833 units.
Losses| Republic Financial Holdings fell 2 cents and concluded trading at $101.50, with 12,547 stock units changing hands, Trinidad & Tobago NGL share fell 1 cent and settled at $27.11, trading 3,000 shares and Unilever Caribbean shed 1 cent and ended at $29, with 18,629 units changing hands.
Firm Traded| Angostura Holdings concluded trading at $15.67, with 3,000 stock units changing hands, Ansa Mcal ended at $60, with 4,225 units, Clico Investments closed at $20, with 5,664 units, First Caribbean International Bank completed market activities at $9.30, trading 121,000 shares, Guardian Holdings ended at $16.50, exchanging 1,300 shares. LJ Williams B share settled at 75 cents, after trading 4,065 units, National Flour closed at $1.86, trading 6,227 shares and NCB Financial Group settled at $6.53, with 47,273 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.