The announcement last Friday of Jamaican financial services powerhouse NCB Financial Group’s desire to takeover iconic Trinidadian insurance juggernaut Guardian Holdings Ltd hit the local business...
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Republic bank shares gain $2.48
Overall market activity resulted from trading in 16 securities of which five advanced, five declined and six traded firm. Trading activity on the first tier market registered a volume of 456,679 shares crossing the floor of the Exchange valued at $12,844,254.79.
Jamaica Money Market Brokers Ltd was the volume leader with 99,490 shares changing hands for a value of $45,339.50, followed by Prestige Holdings Ltd with a volume of 87,500 shares being traded for $813,091.99. Scotiabank T&T Ltd contributed 66,341 shares with a value of $4,809,722.50, while The West Indian Tobacco Ltd added 52,351 shares valued at $6,177,419.
Republic Bank Ltd enjoyed the day’s largest gain, increasing $2.48 to end the day at $120. Conversely, Jamaica Money Market Brokers Ltd suffered the day’s greatest loss, falling $0.02 to close at $0.46. Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 21,370 shares valued at $462,701.50. It declined by $0.01 to end at $21.65.