First Citizens Bank closed higher for the 7 days straight, having fallen to a 2014 low of $34 in early April. At the end of trading Citizens had a bid at $36.06 which is above the closing price, to buy nearly 20,000 units with only 1.153 units on offer at $36.50.
The market continues to trade sideways with only a few stocks showing signs of continuity in price movements. Trading was in 11 securities of which 4 advanced, none declined and 7 traded firm, with 70,744 units trading, valued of $1,412,008. The Composite Index advanced 3.72 points to close at 1,169.57, the All T&T Index advanced by 7.41 points to close at 1,993.20 and the Cross Listed Index remained flat at 45.36.
Gains| Stocks increasing in price at the close are, First Citizens Bank that closed at $36.05 while trading 2,038 shares to close with a gain of 24 cents, National Enterprises with 14,000 shares being traded for $259,660, to close at $18.55, up 27 cents, One Caribbean Media with 22,871 shares changing hands for a value of $465,653 to close at $20.36, up 10 cents for a new 52 weeks high and Republic Bank with only 810 shares, closed 27 cents higher at a new 52 weeks high of $120.60.
Declines| There were no stock recording a decline at the end of trading.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings contributing 7,318 shares with a value of $80,498, to close at $11, ANSA McAL with 335 units, to close at $66.45, Clico Investment Fund traded 17,428 shares valued at $373,831 remained at $21.45, Grace Kennedy added 5,000 shares valued at $17,500 to close at $3.50, Jamaica Money Market Brokers with 763 shares at 53 cents, with a mere 5 units to end at $66.35 and West Indian Tobacco with 176 shares, closed at $118.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Citizens up & heading higher
April 17, 2014 by
