
Scotiabank’s stock price sets to drop on TTSE
The market remains weak as reflected in the quotes for Republic Holdings and Scotiabank. The former last traded at $110 but have a closing bid at $109 to sell 340 shares with no buyers posted a bid and Scotiabank with the last traded price of $57.40 with an offer at $56.95 to sell 1,611 units with the bid at $55 to buy 2,000 shares.
The Composite Index declined by 0.17 points to close at 1,134.91, the All T&T Index fell 0.02 points to close at 1,815.61 and the Cross Listed Index declined by 0.05 points to 60.32.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 4 stocks with the bid higher than the last selling price and 7 with offers that were lower.
Gains| Trinidad and Tobago NGL added 24 cents and closed at $21.25 with 143,406 shares traded for $4,152,824.
Losses| JMB Group lost 1 cent in ending at 58 cents with 8,680 shares trading, Massy Holdings ended with 100 shares changing hands as the price dropped by 4 cents to end at a 52 weeks’ low of $53.95 and West Indian Tobacco fell 1 cent to close at $126.29 while trading 3,004 shares.
Firm Trades| Angostura Holdings ended with 18,000 shares changing
hands to close at $13, Calypso Macro Index Fund traded 320 units at $24.99, Clico Investment Fund ended at $22.60 with 9,556 shares changing hands, Grace Kennedy traded 8,906 shares to end at $51.5, Guardian Holdings closed with 100 shares changing hands to end at $13. Guardian Media closed at $19.75 as 1,100 units changed hands, National Commercial Bank had 20,000 units changing hands at $2.40 and Sagicor Financial Corporation closed with 23,507 shares changing hands to close at $7.25.
The Trinidad & Tobago Stock Exchange suffered another losing day with all price movements being negative on Tuesday. Trading ended with 302,331 shares valued at $2,916,112 changing hands. The market closed with 14 securities traded, none gained, 7 declined, while 7 remained unchanged. Five stocks closed at 52 weeks’ low at the end of trading.
Unilever Caribbean fell $1 with 5,300 shares trading to end at 52 weeks’ low of $65.
Losses| Massy Holdings ended with 7,124 shares changing hands to close with a loss of 5 cents to end at a 52 weeks’ low of $54.68 and Republic Financial Holdings closed at a new 52 weeks’ low of $110.98 with 337 shares changing hands with a loss of 2 cents.
Sagicor Financial closed at $7 with 123,260 units valued at 863,325 changing hands after losing 1 cent and Trinidad Cement lost 1 cent in trading 200,000 shares valued at $698,967 changing hands to close at $3.49.
Republic Financial Holdings declined by 48 cents to close at a 52 weeks’ low of $111 with 2,500 shares changing hands.
Scotiabank closed with 85 shares changing hands with a loss of 1 cent at a 52 weeks’ low of $57.40.
Sagicor Financial lost 1 cent and closed at $7 with 130,000 units changing hands, Scotiabank closed with 87 shares changing hands, after losing 2 cents to end at a 52 weeks’ low of $57.41 and Trinidad Cement closed with a loss of 10 cents at $3.50 with 75,596 shares changing hands.
National Enterprises closed with 7,388 shares changing hands at a 52 weeks’ low of $9 after falling by 49 cents. Republic Financial Holdings dropped 1 cent to close at $111.99 with 150 shares changing hands and Scotiabank closed with 392 shares changing hands with a loss of 6 cents to end at a 52 weeks’ low of $57.43.
Republic Financial Holdings dropped 19 cents to close at $112 with 13,447 shares valued at $1,506,251 changing hands and West Indian Tobacco traded 3,300 shares valued $416,691 but lost 1 cent in ending at $126.27.
Firm Trades| National Commercial Bank ended trading 15,650 shares at $2.40, Republic Financial Holdings closed at $112.19 with 208,447 shares changing hands for a value of $23,385,703, JMMB Group traded 12,500 shares at 58 cents. Sagicor Financial Corporation traded 312 units at $6.99, Trinidad and Tobago NGL ended trading with 25,114 shares with a value of $478,422 at $19.05, Trinidad Cement closed at $3.68 with 25,114 shares changing hands and West Indian Tobacco traded 515 units at $126.30 worth $1,333,728.