Trading on the Trinidad Stock Exchange on Monday, closed with Republic Bank accounting for $15.7 million worth of shares traded, but the stock price declined at the close. There were 14 securities changing hands on the first trading day of the week, 3 advanced in price, 5 declined and 6 traded firm, with a total of 665,955 units, valued at $19,599,985.
At the close of the market, the Composite Index declined by 0.47 points to close at 1,147.18, the All T&T Index fell 0.93 points to end at 1,963.40 and the Cross Listed Index remained unchanged at 43.38.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 1,665 shares and gained 4 cents to close at $36.80, One Caribbean Media increasing 13 cents to end the day at $25.25, in spite of a slight decline in earnings for the year to September of 3 percent to reach $57.8 million and 17.5 percent reduction in the September quarter to $18.4 million. Conversely, West Indian Tobacco gained 2 cents to land at $118.52, while 70 units traded. Profit before taxation for the nine months ended 30 September, climbed 13 percent to $436 million, over the corresponding period in 2013 and profit after tax for the nine months is $329 million, reflecting an increase of 16 percent over 2013. Profit after tax rose 9 percent in the September quarter over that of 2013 as revenues declined slightly.
Declines| The stocks declining at the end of trading are, Angostura Holdings with 2,210 shares, declined by 2 cents to close at $12.53, National Enterprises contributed 39,978 shares with a value of $699,615, closing down 4 cents at $17.50, a 52 weeks’ low, National Commercial Bank with 401,176 shares changing hands for a value of $401,152 to end down 2 cents to 98 cents, National Flour traded 3,000 shares to close with the loss of 4 cents to $1.10, Republic Bank with 130,000 shares traded for $15,743,000 lost 10 cents to end at $121.10
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL added 18,349 shares valued at $1,213,786 and closed at $66.15, Clico Investment Fund with 60,618 shares valued at $1,340,545 to end at $22.11, Guardian Holdings traded 3,167 shares to close $13.50, Jamaica Money Market Brokers had 500 shares changing hands at 45 cents, Massy Holdings traded 22 shares to close at $68.55, Trinidad Cement with 3,200 shares ended at $2.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than their last selling prices and only 1 stock with the offer that is lower.
Investors spend $15.7m on Republic’s shares
October 27, 2014 by
