The decision of the Appeal Court on Tuesday to allow Government to appoint two provisional liquidators for CL Financial marks yet another crossroad for the institution.
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Agostini’s jumps $1.02
Overall market activity resulted from trading in nine securities of which three advanced, four declined and two traded firm.
Trading activity on the first tier market registered a volume of 179,945 shares crossing the floor of the Exchange valued at $820,104.75.
NCB Financial Group was the volume leader with 91,588 shares changing hands for a value of $346,561.62, followed by JMMB with a volume of 65,295 shares being traded for $79,059.90. Trinidad Cement Ltd contributed 8,598 shares with a value of $36,134.40, while First Citizens Bank added 8,205 shares valued at $258,539.55.
Agostini’s Ltd registered the day’s largest gain, increasing $1.02 to end the day at $18.52. Conversely, Clico Investment Fund registered the day’s largest decline, falling $0.10 to close at $22.50.
Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 126,509 shares valued at $2,846,452.50. Clico Investment Fund declined by $0.10 to end at $22.50.
The second tier market did not witness any activity.