Friday, 12th July 2013 | The Trinidad stock market saw greater level of trading on the last day of the week as 15 stocks traded with a volume of 938,000 units valued at $4.16 million as 5 stocks advanced, 2 declined and 8 traded firm.
Trinidad Cement, an IC Insider buy rated stock, remains the main focus on the exchange in today’s trading as the stock traded 590,300 shares, more than twice that of 230,565 shares on Thursday. The value of today’s trade amounted to $649,327 compared to Thursday‘s valued of $242,088. The stock gained 5 cents to $1.10 as the stock continues to respond to the return to profitability as reported by the March quarterly results and the low valuation. The bid for TCL is at $1.10 for 32,794 units and there was no stock on offer suggesting that there are more gains ahead for the stock.
Jamaica Money Market Brokers traded 228,000 shares for $114,000. Guardian Holdings contributed 46,202 shares with a value of $739,232 as the price increased by 1 cents to end the day at $16, while ANSA McAL added 19,573 shares valued at $1,301,017 as the price fell 3 cents to close at $66.47. Point Lisas Industrial Port Development Corporation traded 10,000 shares, which increased 9 cents to close at $3.85. Conversely, Unilever Caribbean traded 9,135 units and lost 15 cents to close at $54. Clico Investment Fund posted 4,400 shares valued at $99,000 as the price remained at $22.50. Sagicor Financial Corporation added 17,560 shares firm, at $6.20.
Scotia Investment traded at $1.90 the equivalent of J$30.19 well over the J$26.50 bid price on the Jamaica Stock exchange. The stock traded just 3,924 units and gained 5 cents but there was no stock on offer to fill the 49,904 units on the buy side at $1.87 each. West Indian Tobacco Company that has been on a tear in recent weeks, remained stuck below $118 as it traded 2,592 shares at $117.51.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher with 5 stocks having offers lower than their last selling price.
Watch these stocks next week | Trinidad Cement, Scotia Investments, Point Lisas Industrial Port Development, One Caribbean Media and Unilever Caribbean.