Medcorp jumped $7 to record high on TTSE


Medcorp jumped $7 to a record high of $54, with a 15 percent rise on Friday and nearly 13 percent since listing just two weeks ago, to be the leading price mover on the Trinidad and Tobago Stock Exchange and contributing to trading of 21 securities compared with 18 on Thursday and ending with prices of six stocks rising, seven declining and eight ended firm.

The market closed with the volume of stocks traded surging 145 percent valued at 365 percent over Thursday, to end with trading of 175,746 shares for $2,036,605, up from 71,632 stock $437,925 on Thursday.
An average of 8,369 shares were traded at $96,981, rising from 3,980 stock units at $24,329 on Thursday, with trading month to date averaging 12,558 shares at $244,263 compared with 12,893 units at $256,023 on the previous day and an average for June of 21,123 shares at $212,612.
The Composite Index gained 0.03 points to close 1,017.78, the All T&T Index advanced 1.26 points to close at 1,486.70, the SME Index remained unchanged at 96.08 and the Cross-Listed Index sank 0.18 points to cease trading at 72.25.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Agostini ended at $67 in an exchange of 150 shares, Angostura Holdings closed at $14.75 with investors trading 25 stock units, Ansa McAl slipped 1 cent to close at a 52 week low of $41.99 with traders switching ownership of 46 shares. CIBC Caribbean Bank remained at $8.60 after a transfer of 4,299 stocks, First Citizens Group shed 15 cents in closing at $42 with 4,427 stock units crossing the market, GraceKennedy sank 6 cents and ended at $3.59 in an exchange of 354 shares. Guardian Holdings ended at $16.85 with traders dealing in 135 stocks, JMMB Group ended at $1.06 after an exchange of 14,809 units, Massy Holdings remained at $3.95 with investors dealing in 60,120 stock units. Medcorp rallied $7 to finish at a record high of $54, with trading of a mere 5 shares, National Enterprises popped 5 cents to end at $2.10 with an exchange of 4,710 stock units, National Flour Mills gained 1 cent in closing at $1.65 with 59,645 stocks clearing the market. NCB Financial ended at $1.85 with investors swapping 1,500 units, One Caribbean Media rose 1 cent in closing at $2.25 with 197 stocks crossing the market, Prestige Holdings dropped 1 cent to finish at $12.99 in trading 10,975 shares. Republic Financial fell 10 cents and ended at $112, with 11,256 stock units, Scotiabank climbed 50 cents to end at $51 as investors exchanged 186 units, Trinidad & Tobago NGL remained at $3.61 as traders passed 120 shares through the market. Trinidad Cement slipped 7 cents to $2.03 with investors trading 445 stocks, Unilever Caribbean sank 45 cents to finish at $13.55 with 1,000 units crossing the exchange and West Indian Tobacco increased 20 cents and ended at $4.50 with 1,342 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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