Guardian Holdings closed at a 52 weeks’ high of $18 on TTSE after NCB disclosed bid for 32% more shares..
Guardian Holdings’ share jumped $1.45 to $18, trading 69,236 shares on the Trinidad & Tobago Stock Exchange, in response of a bid to acquire 74 million shares by NCB Financial Group at US$2.35 each.
Guardian was closing at the highest price in 52 weeks which is the equivalent of US$2.66 compared to US$2.35 that is offered by NCB. With a 29.99 percent equity interest acquired in 2016, the NCB Financial Group will most likely command a 62 percent stake in Guardian Holdings when the offer closes as data suggest that the deal is sown up long ago with Arthur Lock Jack almost sure to surrender the shares owned directly or indirectly by him along with a few others.
At the close of trading market activity resulted in 11 securities changing hands compared to 14 on Thursday with 3 stocks advancing, 2 declining and 6 holding firm as 165,628 shares traded at a value of $2,492,376 compared to Thursday’s trades of 221,067 valued at $3,013,733.
The Composite Index gained 5.26 points to 1,279.29, the All T&T Index advanced 13.84 points to 1,757.41 and the Cross Listed Index lost 0.47 points to close at 107.97.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Securities rising at the close on Friday are Ansa McAL regained losses from the previous day, rising $3.02 to $63.02 with 10,000 shares valued at $630,200 trading, 
Guardian Holdings closed at a 52 weeks’ high of $18, after rising $1.45 and trading 69,236 shares valued at $1,192,342 and Sagicor Financial traded 4 cents higher to $7.95 in exchanging 13,000 shares.
Losses| Jamaican based JMMB Group fell 10 cents and closed at $1.78 trading 31,500 shares and Trinidad & Tobago NGL dropped $1 to settle at $26 with 4,250 shares changing hands.
Firm Trades| Securities trading unchanged are Angostura Holdings exchanged 9,513 shares at $15.05, Clico Investment remained at $20.79 with 7,610 shares trading, First Citizens traded 1,381 shares at $32.01. National Enterprises closed at $9.75 with 1,010 units, National Flour Mills ended with 17,932 stock units at $1.90 and Scotiabank held firm at $61 with 196 units.
