Bids increased sharply for Republic Financial Holdings on Monday, with 208,394 on the highest bid which was in line with the last traded price of $101.60 and carried over to Tuesday with bids for 35,032 units at $101.60.
The improved demand follows improved results to March for the banking group and IC Insider.com’s report over the week-end that the stock was poised to go higher. Trinidad Cement came in for increased demand, following a report by this publication that profits for the quarter to March was up over 2017. The stock has a bid to buy 4,615 share at $2.65 which is higher than the last traded price of $2.62. O Monday the bid was at $2.62 to buy 13,353 shares.
In other market activities on the Trinidad & Tobago Stock Exchange on Tuesday, 13 securities changed hands against 15 on Monday, with 2 advancing, 2 declining and 9 remaining unchanged.
Trading ended with 186,598 shares with a value of $1,863,064 compared to 138,553 shares at a value of $4,411,178 on Monday.
At close of the market the, Composite Index slipped 0.37 points on Tuesday to 1,230.11, the All T&T Index gained 0.93 points to 1,698.42, while the Cross Listed Index shed 0.23 points to close at 102.52.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows the market continuing to be weak as it closed with 5 stocks ending with higher bids than the last selling prices and 5 with lower offers, an indication of the continuation of a weak market currently.
Gains| Republic Financial Holdings rose 2 cents and ended at $101.60, with 4,631 stock units changing hands and Unilever Caribbean jumped $1.50 in concluding trading at $33.50, having exchanged 400 shares.
Losses| Clico Investments closed with a loss of 1 cent at $20.14, with 2,564 shares trading and JMMB Group share fell 1 cent and ended at $1.79, with 122,995 stock units changing hands.
Firm Traded| Ansa Merchant Bank settled trading at $40, after exchanging 10,944 shares, First Citizens closed at $32.55, in exchanging 500 shares, Massy Holdings ended at $47.40, with 51 stock units changing hands, National Flour settled at $1.80, after exchanging 6,790 shares, One Caribbean Media ended at $12.40, with 50 stock units changing hands, Prestige Holdings settled at $10.01, after exchanging 209 shares, Sagicor Financial completed trading at $7.80, with 21,000 units, Trinidad & Tobago NGL ended trading at $28, with 16,200 units and West Indian Tobacco ended at $88.51, with 264 stock units changing hands. Prices of securities trading for the day are those at which the last trade took place.