Trinidad Cement climbed 4% on Thursday & follows a $20 settlement agreement with workers to buy TCL shares.
The shares to be acquired would approximate to around 6 million units based on the current stock price.
Trading ended with 12 securities changing hands, the same in number as Wednesday with 2 advancing, 3 declining and 7 remaining unchanged as a mere 25,307 shares changed hands with a value of $525,554, in contrast to Wednesday’s volume of 184,035 valued at $4,500,237.
The Composite Index lost 0.36 points to 1,205.44 points, the All T&T Index was down 0.38 points to 1,827.89 points, down 6.19 percent year to date. The Cross Listed Index eased 0.04 points to 77.93 points with year to date gains of 57.40 percent.
IC bid-offer Indicator |The Investor’s Choice bid-offer ended with 5 stocks with bids higher than last selling prices and 8 with lower offers.
Gains| Trinidad Cement gained 14 cents to close at $3.39 with 1,000 shares being exchanged and West Indian Tobacco closed with a gain of 1 cents at $127 while exchanging 1,316 shares.
Losses| First Citizens lost 7 cents to close at $34.93 with 220 shares changing hands, FirstCaribbean International Bank lost 1 cent, closing at $8.49 with 306 shares changing hands and Guardian Holdings was down 34 cents to close at $12.54 while trading 10,378 shares.Firm Trades| Angostura Holdings held firm at $15.50 with 1,000 shares changing hands, Massy Holdings traded 1,498 shares at $51, National Enterprises, with 8,600 shares changing hands, closed at $10.60, Prestige Holdings closed at $11 with 41 shares trading. Republic Financial Holdings traded at $108.49 with 7 shares switching ownership, Scotiabank closed at $58.70 with 251 shares changing hands, Trinidad & Tobago NGL closed at $22.40 with 690 shares being active
An average of 227,356 units with an average value of $1,018,940 traded, compared to 81,289 units with an average value of $344,317 on the preceding day. The average for November is 109,679 units with an average value of $607,092
Key Insurance rose by 5 cents in trading 3,000 shares and ended at $2.55. Lasco Distributors closed with 4,500 shares changing hands, at $6.65, after losing 15 cents, Lasco Financial gained 5 cents and ended with 1,000 shares changing hands at $3.15. Lasco Manufacturing fell 14 cents to end at $4.55 with 2,798,527 shares changing hands, Paramount Trading had 17,595 units changing hands to close at $3.70 and tTech ended with 8,628 shares changing hands at $5.50.
The main trade after more than an hour of the market’s opening was Lasco Manufacturing trading 2,725,7698 shares at $4.55 to be the only stock to have had a meaningful volume traded.
The Jamaican dollar declined three major currencies but remained firm versus the euro in the foreign exchange market. On Wednesday dealers bought the equivalent of US$39,189,951 of all currencies and sold US$34,123,507, compared to US$66,535,327 purchased and US$64,508,975 sold on Tuesday.
The Canadian dollar buying rate rose by 35 cents to $92.93, with dealers buying C$1,606,912 and selling C$693,816 at an average rate that gained 49 cents to $95.30. The average rate for buying the British Pound gained by 43 cents to $158.26 for the purchase of £2,308,776 while £845,426 was sold with a rise of $1.06 to end at $160.65.
Highs & Lows| Notable changes to the highest and lowest rates for the regularly traded foreign currencies on Wednesday, include a decline of $1.10 in the highest buying rate for the US dollar and a rise of $15.96 in the lowest selling rate to end at $120. The highest buying rate for the Canadian dollar dropped $22.50 to $97.50 while there was a drop of $13.90 in the lowest selling rate to $91 and the highest buying rate for the Euro declined by $18.54 to $138.70.
