NCB Financial in big drop in Trinidad – Monday

NCB Financial Group dropped 9.2% on the TTSE.

NCB Financial Group dropped sharply at the close of trading Trinidad & Tobago Stock Exchange on Monday, shedding 60 cents or 9.2 percent in closing at $5.90 after exchanging 159,506 shares.
The market ended with 14 securities changing hands compared to 12 on Friday as the prices of 4 stocks advanced, 3 declined and 7 closed unchanged. Total volume passing through the market was 363,319 shares at a value of $3,307,599 compared to Friday’s trades of 337,266 valued at $3,015,209.
The Composite Index declined by 12.34 points to 1,283.94, the All T&T Index gained 0.03 points to 1,754.84 and the Cross Listed Index slid 3.39 points to close at 109.59.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 3 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| The last traded price of the securities rising and the volumes changing hands are Ansa McAL with gains of 3 cents, closed at $63.03 with 7,314 shares valued at $460,991, Clico Investment traded 20 cents higher, closing at $21 with 25,533 shares valued at $535,150, National Flour Mills ended at $1.95, gaining 1 cent with 1,500 units traded and Trinidad & Tobago NGL closed at $23.70, after trading as high as $23.90, but closed with a gain of 4 cents, in trading 13,497 shares valued at $322,571.
Losses| The last traded price of the securities declining on Monday are, JMMB Group with a loss of 5 cents, to settle at $2.15 with 25,925 shares exchanged, NCB Financial Group closed 60 cents lower to $5.90 trading 159,506 shares valued at $961,048, the stock closed with 40,494 units on offer at $5.90 with no buying interest expressed at the close and Republic Financial Holdings fell 5 cents, closing at $101.70 with 15 units.
Firm Trades| The last traded prices of securities and the volumes traded unchanged at the close of trading are First Citizens traded 340 units at $31.81, Grace Kennedy closed at $3 exchanging 50,000 shares, Massy Holdings remained at $49 with 1,217 units, Readymix with trades of 345 units, closed at $11. Sagicor Financial held firm at $7.95 with 74,196 shares valued at $589,818, Scotiabank ended at $58.50 exchanging 2.526 shares and Trinidad Cement closed at $3.95 with 1,405 units traded.

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