2 new highs on TTSE – Monday

Trinidad and Tobago stock market ended Monday with a mere 6 securities trading, down from 7 on Friday with 3 stocks gaining, 1 declining and 2 remaining unchanged. Volume and value rose sharply as well with the highest volume being JMMB Group and Clico Investment Fund.
Trading activity resulted in 576,610 shares valued at $4,655,206 units changing hands, compared to 283,781 shares valued at $1,550,600 on Friday as two stocks closed at new 52 weeks’ high.
The market closed with modest movements in the indices, with the Composite Index rising by 0.30 points to close at 1,174.17. The All T&T Index closed with a loss of 0.05 points at 1,819.46, down 6.6 percent for 2016 and the Cross Listed Index gained 0.10 points to 70.54 points and is up 42.48 percent year to date.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with 5 stocks with bids higher than their last selling prices and 8 with lower offers.
Gains| Grace Kennedy ended trading 32,686 shares and closed with a rise of 10 cents at a 52 weeks’ high of $2.56 and JMMB Group closed at a 52 weeks’ high with 291,500 units and gained 1 cent to end at 77 cents.
Losses| Sagicor Financial Corporation lost 1 cent and closed with 88,411 shares valued at $634,280 changing hands at $7.15 and Trinidad and Tobago NGL closed 1 cent lower at $23.59 with 6,000 units changing hands.
Firm Trades| Clico Investment Fund closed with 158,000 shares valued at $3,570,800 changing hands to end at $22.60 and First Citizens Bank closed with just 13 shares changing hands to end at $34.95.