Republic Bank up $1 on TTSE

Republic Bank closed with a gain of $1 to hit a new 52 weeks high in trading on the Trinidad stock market on Wednesday, on a day when there were three new 52 weeks highs and one low. 15 securities traded of which 4 advanced 2 declined and 9 traded firm with 93,307 stocks changing hands with a value of $3,580,961.
The Composite Index rose 2.12 points to close at 1,169.02, the All T&T Index added 3.33 points to close at 2,016.16 and the Cross Listed Index moved up by 0.12 points to end at 42.14 points.
Gains| Stocks increasing in price at the close, are IC Insider’s buy rated Massy Group (formerly Neal & Massy Holdings) in contributing 7,755 shares with a value of $535,443, the price was up 10 cents to close at a new 52 weeks high of $69.05, while National Commercial Bank (NCB) closed at $1.13 while gaining 2 cents and trading 5,044 units, One Caribbean Media traded only 110 units to close with a gain of 9 cents at $23.11, a new 52 weeks high and IC Insider’s buy rated Republic Bank gained $1 to close at a new 52 weeks high of $122 with 21,000 shares traded for $2,562,000.
NCB in closing at $1.13 in Trinidad or J$19.60 equivalent, was trading well above the price in the Jamaican market at $17.60.
Declines| The stocks declining at the end of trading are Sagicor Financial with 300 shares to close with a 2 cent fall to $6.66 and Scotiabank with 1,000 shares traded, to close lower by 10 cents at $69.25 for a new 52 weeks low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are ANSA McAL 22 units to close at $66.29, First Citizens Bank with 6,981 shares valued at $244,340 and closed at $35, Firstcaribbean International Bank 217 shares to close at $5, Guardian Holdings with 4,335 units to close at $14.30, Grace Kennedy 1,287 shares to close at $3.41, National Enterprises with 1,207 units to close at $18.76, National Flour Mills with 650 shares and closed at $1 and Praetorian Property Mutual Fund which traded just 102 shares to close at $3.55 and Scotia Investments with 43,297 shares changing hands for a value of $67,110 closed at $1.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.