Scotia rises more to come on TTSE

Trading on the Trinidad Stock Exchange closed the last week in November with 11 securities changing hands, 4 advanced, 4 declined and 3 traded firm. A total of 313,960 units, valued at $2,266,333 traded. Scotiabank continues with its recovery with a further gain at the close but more importantly, the bid closed above $59 for the first time in weeks having hit a low of $58 recently.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had one of its strongest reading since we have been monitoring this market with 8 stocks with the bid higher than their last selling prices and 2 stocks with offers that were lower. This continues to signal rising prices in the market in the weeks ahead.
At the close of the market, the Composite Index lost 0.14 points to close at 1,143.06, the All T&T Index rose 1.28 points to close at 1,969.34 and the Cross Listed Index fell 0.21 points to end at 41.48.
Gains| Stocks increasing in price at the close are, Clico Investment Fund with 45,152 shares, valued at $1,023,843, advanced by 10 cents to $22.70, National Enterprises contributed 24,500 shares with a value of $428,260, while gaining a cent, to $16.48. Scotiabank traded 3,046 shares valued at $179,166 and advanced by 12 cent to end at $58.82 and Trinidad Cement a volume of 71,250 shares being traded for $162,663 gained 15 cents to end the day at $2.30.
Declines| The stocks declining at the end of trading are, First Citizens Bank traded 4,507 shares as the price slipped by 1 cent to $36.76, National Commercial Bank (NCB), with 122,940 shares changing hands, for a value of $131,546. NCB’s price fell 3 cents to $1.07, followed by Praetorian Property Mutual Fund in trading 31,000 units but fell 10 cents, to close at $3.40 and Republic Bank traded a mere 16 shares, and ended with a 1 cent loss, to $119.96.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Massy Holdings traded just 49 shares to close at $68.48, Sagicor Financial Corporation added 10,500 shares at $6, and Scotia Investments traded 1,000 units at $1.45.