Companies trying to break into foreign markets often employ a number of tactics to build traction.
One such tactic is the practise formally known as dumping.
Overall market activity resulted from trading in ten securities of which six advanced, one declined and three traded firm.
Trading activity on the First Tier Market registered a volume of 12,960 shares crossing the floor of the Exchange valued at $470,841.71. National Enterprises Ltd was the volume leader with 6,153 shares changing hands for a value of $112,292.25, followed by Scotiabank T&T Ltd with a volume of 3,000 shares being traded for $216,750. FirstCaribbean International Bank Ltd contributed 2,100 shares with a value of $13,650, while Republic Bank Ltd added 1,000 shares valued at $117,500.
Republic Bank Ltd enjoyed the day’s largest gain, increasing $0.50 to end the day at $117.50. Conversely, FirstCaribbean International Bank Ltd suffered the day’s sole decline, falling $0.25 to end the day at $6.50. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 11,000 shares valued at $238,480. It remained at $21.68.
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