Market valuation down on TTSE on Friday

Republic Financial Holdings had the largest value of trading on Friday on the TTSE.

Trading on the Trinidad & Tobago Stock Exchange on Friday resumed after a public holiday on Thursday with trading levels and the indices falling, compared to Wednesday. Republic Financial Holdings led the market with about 75 percent of the total value traded.
A total of 13 securities changed hands compared to 16 on Wednesday with 2 stocks advancing, 5 declining and 6 unchanged as 143,801 shares traded at a value of $2,818,683 compared to Wednesday’s trades of 373,818 valued at $18,441,277.
The Composite Index declined 1.05 points to 1,211.45, the All T&T Index slipped 0.63 points to 1,789.75 and the Cross Listed Index lost 0.20 points to 84.86.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Guardian Holdings gained 4 cents to close at $16.25, with 10,000 shares changing hands and Trinidad & Tobago NGL closed at $21.11, with gains of 3 cents trading 2,461 units.
Losses| First Citizens closed $31.65, with a loss of 15 cents exchanging 2,632 shares, JMMB Group lost 4 cents to close at $1.23, with of 11,803 shares being traded, National Enterprises closed at $10.49, losing 1 cent trading 100 units. NCB Financial Group lost 1 cent, closing at $4 with 40,000 shares changing hands and Scotia Investments traded 2 cents lower to close at $2.48 exchanging 8,000 units. The price is the equivalent of J$47, well above the price of $38 Scotia Group plans on offering to take over the minority shares.
Firm Trades| Clico Investment exchanged 2,720 shares at $22.51, First Caribbean International Bank held firm at $7.70, with 7,250 shares traded, Grace Kennedy closed at $2.80, with 37,714 shares changing ownership. National Flour Mills remained at $2.20, with 400 shares traded, Point Lisas traded 100 units at $4 and Republic Financial Holdings closed at $101.90, with 20,621 shares changing hands valued at $2,101,280.

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