Trading on the Trinidad stock market closed the week with more stocks declining than gaining with 14 securities changing hands, one advanced 5 declined and 8 traded firm with 94,363 stocks trading with a value of $1,642,870.
The Composite Index advanced by a mere 0.18 point to close at 1,183.20, the All T&T Index rose by just 0.42 point to close at 2,030.87 and the Cross Listed Index eased slightly by only 0.01 point to end at 43.96.
Gains| The only stock increasing in price at the close is National Enterprises that gained 6 cents to end the day at $18.96 while trading 1,000 shares.
Declines| The stocks declining at the end of trading are Clico Investment Fund with 4,765 shares valued at $103,162 and closed at $21.64 for a one cent decline, National Flour with 1,000 shares, declined by a cent to close at $1.08, Flavorite Foods with just 50 shares changing hands closed with a decline of 5 cents to end at $6.70, Readymix lost 13 cents to close at $19.36 while trading only 50 shares and Scotiabank traded just 714 shares to close down by 10 cents at $69.90.
Firm Trades| Stocks closing with prices unchanged at the end of trading are First Citizens Bank, 848 shares to end at $38, Guardian Holdings 2,000 shares to close at $14.75, Jamaica Money Market Brokers contributed 10,927 shares with a value of $4,917 and closed at 45 cents, National Commercial Bank had 50,000 shares changing hands for a value of $52,500, the stock closed at $1.05, L J WILLIAMS class B share traded 100 units to close at 90 cents, Neal & Massy traded 14,088 shares for $968,550 to close at $68.75, Republic Bank traded 2,818 shares to close at $120.70 and Sagicor Financial saw 6,003 units change hands valued at $40,539 to close at $6.75.
The week| Price changes during this past week have been very moderate resulting in little change in prices between the start and end of the week. This development meant that the average PE of the market that was at 13.6 at the start of the week remaining unchanged. With this the outstanding buys with potential for above average growth are Trinidad Cement, Point Lisa, Guardian Holdings, Berger Paints, National Flour, Neal & Massy, Republic Bank and Citizens Bank. One Caribbean Media seems poised to rise further but with potential gains of 25 percent, the risk for investing now for short term gains is elevated.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and only one with the offer lower.
