Over 48 m units of First Citizens went on sale by the T&T govt at $32 per share today.
Trading on the Trinidad & Tobago Stock Exchange on Monday saw 12 securities changing hands compared to 13 on Friday leading to moderate changes in the market indices.
The market closed with 6 stocks advancing, 2 declining and 4 unchanged resulting in 534,824 shares trading at a value of $2,812,325 compared to Friday’s 150,233 shares valued at $1,739,892.
The Composite Index slid 0.72 points to 1,240.56, the All T&T Index gained 0.77 points to 1,821.73 and the Cross Listed Index was down 0.30 points to 88.43.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 6 with lower offers.
Gains| Clico Investments exchanged 1,788 units at $22.52, having gained 1 cent, Guardian Holdings closed 50 cents higher to $15.50 trading 17,838 shares, and National Enterprises rose 3 cents to close at $10.85 with 4,735 units changing hands. Scotia Investments added 1 cent, closing at $2.20 with an exchange of 194,600 shares valued at $429,620, Trinidad & Tobago NGL closed at $22.51, with a 1 cent gain while 500 units traded and West Indian Tobacco closed 1 cent higher to $127 with trades of 128 shares.
Losses| JMMB Group lost 8 cents, closing at $1.20 with an exchange of 113,431 units and Trinidad 
Cement closed 3 cents lower to $4.17 with 25,113 shares changing owners.
Firm Trades| Angostura Holdings traded 10,000 units at $15, Massy Holdings closed at $53 with 1,721 units traded, Sagicor Financial held firm at $9 with an exchange of 164,450 shares valued at $1,480,050 and Scotiabank closed at $58.76 trading 520 shares.
First Citizens did not trade with the government putting 48 million shares on the market for sale at $32 each starting on Monday.
