Scotiabank seems to have hit bottom, with good buying coming into the market on the first trading day of November, pushing the price up by a small amount. IC insider has elevated the stock to BUY RATED status. At the close, there was 18,922 units on the bid to buy at $58 and a small volume to sell, at $59.50.
Trading on the Trinidad Stock Exchange ended with 15 securities changing hands, of which 5 advanced, 2 declined and 8 traded firm, ending with a total of 666,624 units, valued at $6,731,903.
At the close of the market, the Composite Index rose 0.73 points to close at 1,146.77, the All T&T Index gained 0.91 points to close at 1,963.23 and the Cross Listed Index fell / increased by 0.07 points to end at 43.29.
Gains| Stocks increasing in price at the close are, Guardian Holdings added 53,950 shares valued at $733,720 to end 9 cents higher at $13.60, Massy Holdings traded 43,706 shares valued at $2,996,483 to close with a gain of 2 cents to end at $68.56, Sagicor Financial Corporation traded 60 shares valued at $6.19 to close with a gain of 14 cents Scotiabank gained 2 cents to $58 while trading 13,544 units valued at $785,552 and seems to have clearly bottomed and West Indian Tobacco gained 23 cents to end the day at $119 while trading 2,425 units.
Declines| The stocks declining at the end of trading are, One Caribbean Media with 367 shares ended at $25.12 after losing a cent and Trinidad Cement with 144,893 shares traded for $289,858 closed at $2 after dropping 3 cents
Firm Trades| Stocks closing with prices unchanged at the end of trading are, ANSA McAL with 685 shares closed unchanged at $66.17, Clico Investment Fund with 13,280 shares valued at $293,488 remained at $22.10, First Citizens Bank traded 13,331 shares to close at $36.75, Grace Kennedy contributed 128,489 shares with a value of $494,680 to end at $3.85, Jamaica Money Market Brokers traded firm at 45 cents after trading 1,038 units, National Commercial Bank with 200,000 shares changing hands for a value of $200,000 and closed at $1, National Enterprises traded 2,056 shares to close unchanged at $17.50 and Scotia Investments closed at $1.40 with 48,800 units changing hands.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 2 stocks with the bid higher than their last selling prices and 1 stock with the offer that was lower.
Scotiabank bottoms looking up on TTSE
November 3, 2014 by
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