Stock split proposal pushes Witco stock – Thursday

3 for 1 stock split coming for Witco

West Indian Tobacco is proposing a 3 for 1 stock split to be considered at a Special Meeting of Shareholders will be held on Tuesday October 30. The announcement helped to drive the stock up 45 cents in Thursday’s trading.
Trading on the Trinidad & Tobago Stock Exchange, closed mixed on Thursday, with the Composite Index falling 3 points to 1,218.58, the All T&T Index rising 0.83 points to 1,689.17, while the Cross Listed Index shed 0.95 points to close at 100.56.
At close, 13 securities changed hands, with the price of 2 advancing, 6 declining and 5 remaining unchanged, against a total 14 securities trading on Wednesday.
The market ended trading with 222,525 shares valued $1,844,656 changing hands, compared to 164,072 shares valued $1,753,760 on Wednesday.
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| Republic Financial Holdings gained 2 cents and settled at a 52 weeks’ high of $103.69, after exchanging 91 shares and West Indian Tobacco increased 45 cents and ended at $88.45, with just 592 units trading after the company indicated the recommendation of a 3 for 1 stock split.
Stocks closing with losses| Clico Investments shed 10 cents and closed at $19.90, with 11,973 stock units changing hands, Grace Kennedy lost 30 cents, ending at $2.70, with 19,000 stock units changing hands, JMMB Group ended trading 3 cents lower and settled at $1.65, after exchanging 29,551 shares. NCB Financial Group concluded trading with a loss of 37 cents, trading 1,200 shares at $5.73, Sagicor Financial, traded with a loss of 4 cents to $7.70, with 90,000 stock units changing hands and Trinidad & Tobago NGL shares fell 2 cents and completed trading at $29.03, after exchanging 3,835 shares.
Stocks trading with no price change| First Caribbean International Bank ended at $8.50, trading 22,000 units, First Citizens completed trading at $32.60, after exchanging 2,560 shares, Massy Holdings settled at $47.20, after exchanging 727 shares, One Caribbean Media settled at $12.11, after exchanging 81 shares and Prestige Holdings ended at $8, with 40,915 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

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