NCB at a 29% premium in Trinidad

NCB Financial Group ended trading on the Trinidad & Tobago Stock Exchange on Tuesday at $6.75, trading 115,530 stock units for a value of $779,827. The stock is trading at the equivalent of J$129 compared to just under $100 in Jamaica for a premium of 29 percent.
The huge difference may be due to the challenge in getting funds out of the twin island state currently and talk of black market rates as high as $9.50 for one US dollar, in the market.
Market activity ended with all the indices inching higher at the close of trading on the Trinidad & Tobago Stock Exchange on Tuesday, as 13 securities traded on the Trinidad & Tobago Stock Exchange on Tuesday against 16 on Monday.
At close of trading 4 stocks advanced, 2 declined and 7 remained unchanged leading to the Composite Index gaining 0.35 points to 1,276.97. The All T&T Indexrose 0.06 points to 1,712.33, while Cross Listed Indexgained 0.09 points to close at 113.57.
Market activity ended with a mere 336,749 shares with a value of $6,174,390 traded jumping over the 140,320 units on Monday, valued at $1,978,596.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Gains| Grace Kennedy traded 66,000 units, with gains of 5 cents and closed at a 52 weeks’ high of $3.15, Guardian Holdings finished trading after an increase by 1 cent to end at $17.01, trading 21,326 shares valued at $362,733, National Enterprises closed with an increase of 1 cent to finished at $9.80, with 10 units and Trinidad & Tobago NGL ended trading and rose 2 cents to $26.52, with 1,313 units changing hands.
Losses| Ansa Mcal closed with a fall of 10 cents and ended at $62.39, with 160 units and Republic Financial Holdings finished 8 cents lower to close at $101.50, with 2,581 stock units.
Firm Traded| Clico Investments finished at $21, with 79,486 units valued at $1,669,206, First Citizens ended at $32, trading 5,921 shares, Sagicor Financial ended at $8, with 15,134 units changing hands, Scotiabank ended with 343 stock units trading at $60.50, Unilever Caribbean ended at $28, trading 1,410 shares and West Indian Tobacco finished at $90, with 27,535 stock units with a value of $2,477,952, changing hands.
Prices of securities trading for the day are those at which the last trade took place.