Republic Bank dropped 90 cents to close lower at $114 while trading just 186 units to end at a 52 weeks’ lows. The stock has been under pressure for months having fallen from $122.05 last year July and National Commercial Bank also fell but by just 5 cents to end at $1.58 with 14,636 shares changing hands. The fall in Republic impacted the market indices negatively.
At the close of the market, the Composite Index slide 2.01 points to 1,149.21, the All T&T Index declined by 1.42 points to 1,957.29 and the Cross Listed Index fell 0.35 points to close at 44.74.
In overall trading on the Trinidad & Tobago Stock Exchange on Tuesday, million worth of stocks traded and ended with 12 securities changing hands with 2 stocks rising, 2 declining and 8 traded with prices unchanged as a total of 339,927 shares traded, valued at $7,336,465.
Gains| Unilever Caribbean gained, 5 cents to end at a 52 weeks’ high at $67.05 while trading 2,000 shares and Clico Investment Fund traded 4,035 shares and closed at $22.51, up 1 cent.
Firm Trades| ANSA McAL contributed 2,287 shares and closed at $67.25, while Ansa Merchant Bank traded 1,000 units at $38.95, First Citizens Bank with 174,464 shares changing hands for a value of $6,106,252 closed at $35 while Guardian Holdings added 
26,141 shares valued at $337,219, to close at $12.90. National Flour Mills with 2,000 shares to close at $2.20, Sagicor Financial Corporation added 55,553 shares valued at $333,318 to end at $6, Scotia Investments had 24,500 shares changing hands at $1.51 and Trinidad Cement contributed 35,160 shares and closed at $2.90.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.
Republic drops 90C on TTSE
August 18, 2015 by
