Scotiabank up to $61 on TTSE

Trading on the Trinidad Stock Exchange ended with Scotiabank moving up strongly to hit $61, at the close there was bidding to buy 63,803 units at $61 as demand builds for the stock, in light of the full year results, showing improvements in profit in the second half of the year. Trading closed with 9 securities changing hands of which 2 advanced, 1 declined and 6 traded firm, with a total of 288,699 units, valued at $14,330,656.
At the close, the Composite Index rose 0.31 points to close at 1,145.32, the All T&T Index rose just 0.62 points to close at 1,979.25 and the Cross Listed Index fell / remained unchanged at 40.76.
Gains| Stocks increasing in price at the close are, First Citizens Bank traded 7,552 shares valued at $279,650 to close with a gain of 1 cent at $37.03 and Scotiabank with a volume of 90,475 shares being traded for $5,518,975 with 46 cents gain to end the day at $61.
Declines| National Enterprises fell 9 cents to end at $17.40 while 532 shares changed hands to be the sole stock to decline as it fell to a 52 weeks’ low.
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Angostura Holdings trading 1,200 shares to close at $13.26. Firstcaribbean International Bank traded 72 shares and closed at $4.75, Guardian Holdings added 18,413 shares valued at $243,972 and ended at $13.25, Massy Holdings with 120,076 shares changing hands for a value of $8,165,168 closed at $68, Prestige Holdings contributed 3,000 shares at $9.56, followed by Scotia Investments contributed 47,379 shares with a value of $68,699.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator shows 3 stocks with the bid higher than their last selling prices and 4 stocks with offers that were lower.