Republic & Witco set for sharp jump on TTSE

Republic Financial climbed $2.95 concluded at $110 on the Trinidad & Tobago Stock Exchange on Monday and is poised to climb higher with the bid at $110 to buy 11,789 shares while the stock is offered at $120 to sell 15,407 units.
The gain comes after the financial Caribbean financial powerhouse reported the acquisition of 75 percent ownership of the profitable Cayman National Bank.
West Indian Tobacco closed higher but ended with the bid at $94.20 to buy 3,950 shares with no stock on offer at the close, as investors respond to improved results and a pending stock split.
Market activities ended with 12 securities trading versus 12 on Friday, with 5 advancing, 4 declining and 3 remaining unchanged. The market closed with two stocks trading at 52 weeks’ low as 449,177 units valued at 8,056,501 traded, compared to 451,756 units valued at $6,455,226 changing hands on Friday.
The Composite Index climbed 3.75 points to 1,248.40. The All T&T Index rose 9.68 points to 1,710.20, while the Cross Listed Index declined 0.32 points to close at 105.89.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading closed with 3 stocks ending with higher bids than the last selling prices and 2 with lower offers.
Stocks closing with gains| First Citizens closed with an increase of 8 cents and settled at $32.74, after exchanging 60 shares, Guardian Holdings ended trading with 9 cents and completed trading at $17, with 38,125 units changing hands, JMMB Group finished 8 cents higher and concluded market activity at $1.72, after exchanging 12,350 shares, Republic Financial Holdings to gained $2.95 and ended at $110, after exchanging 3,865 shares and West Indian Tobacco gained 20 cents and completed trading of 1,191 units at $94.20.
Stocks closing with losses|First Caribbean International Bank ended trading 20,000 units, 15 cents lower at $8.30, National Flour concluded trading of 15,000 units with a loss of 3 cents at $1.62, Sagicor Financial traded with a loss of 2 cents and ended at $7.40, with 26,000 stock units changing hands and Unilever Caribbean shares fell 50 cents and ended at a multi-year low of $23.50, with 232,634 stock units changing hands.
Stocks trading with no price change| NCB Financial Group settled at $6.50, after exchanging 86,291 shares, Scotiabank completed trading at $64.50, with 1,000 units and Trinidad & Tobago NGL settled at $29.50, after exchanging 12,661 shares.
Prices of securities trading for the day are those at which the last trade took place.