First Citizens bank lost altitude after peaking at $42.99 in early January, seems to be on the rebound having gained 56 cents on Tuesday and 76 cents on Wednesday, at the close of trading, the stock bid was at $35.82, a cent higher than the last traded price for a small volume. The rest of market continues to trade in a narrow band.
Trading occurred in 14 securities of which 3 advanced, 5 declined and 6 traded firm, with 277,122 units trading, with a value of $2,906,268.
The Composite Index advanced by 0.89 points to close at 1,165.85, the All T&T Index advanced by 2.31 points to close at 1,985.79 and the Cross Listed Index eased by 0.07 points to 45.36.
Gains| Stocks increasing in price at the close are, First Citizens Bank with 12,938 shares valued at $458,330 as the price increased by 76 cents to end the day at $35.82, Guardian Holdings contributed 2,105 shares and closed at $13.14 for 2 cents gain and Republic Bank exchanged 1,391 shares with a 2 cents gain, to close at $120.33, for another 52 weeks high.
Declines| Stocks loosing value at the end of trading, are ANSA Mcal that lost 4 cents, in trading 113 units to close at $66.45, Jamaica Money Market Brokers with 10,000 shares, to close with a loss of a cent to 53 cents, One Caribbean Media with 24,200 shares for $492,675, as it closed at $20.26 for a 4 cents loss, Praetorian Property Mutual Fund declined by a cent to end at $3.40 while trading 25,060 shares valued at $85,254, Sagicor Financial Corporation with 160,410 shares changing hands for a value of $1,125,914, gave up 2 cents to land at $7.03.
Firm Trades| Stocks closing without a change in their prices, at the end of trading are Firstcaribbean International Bank contributing 20,000 shares with a value of $110,000 and closed at $5.50 while Guardian Media contributed 1,072 shares and closed at $19.75, Neal & Massy with 1,791 shares, closed at $66.35, Trinidad Cement with 7,401 shares changing hands closed at $2.20 and West Indian Tobacco 432 shares 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 only 2 stocks with offers that were lower.
First Citizens on recovery path up 76c
April 16, 2014 by