In Wednesday’s trading on the Trinidad stock market 200,069 units of Scotiabank shares changed hands thus recurring the price that was set to fall sharply but it closed today’s trading with only a small loss to close at a new 52 weeks low.
At the end of trading on Tuesday, the price of Scotiabank seemed set to suffer a major fall, with an offer to sell 14,308 shares at $67.95 compared with a last sale price of $69. The bid was $63.50 to buy only 137 shares, suggesting lack of demand for the bank’s stock. At the end of trading on Wednesday there was an offer to sell 13,970 shares at $68.75 which is below the day’s closing price and the bid is as it was on Tuesday.
Two bank stocks accounted for the bulk of trading, with over 400,000 units changing hands between. At the end of trading 10 securities changed hands of which 1 advanced and closed, 3 declined and 6 traded firm with 447,839 units changing hands for a value of $40,144,143. At the end of trading, the Composite Index remained unchanged at 1,165.15, the All T&T Index barely rose, moving up by a mere 0.01 points to close at 2,012.61 and the Cross Listed Index remained flat, at 41.59.
Gains| Republic Bank was the only stock to gain in trading as it traded 200,000 shares for $24,410,000 with 5 cents increase to end the day at $122.05, a new 52 weeks high.
Declines| The stocks declining at the end of trading are Agostini’s with 622 shares to close down 3 cent at $17.45, Massy Group in contributing 21,020 shares to today’s trades with a value of $1,463,450, closed 9 cents lower at $69.51 and Scotiabank with 200,069 shares changing hands for a value of $13,792,756.86 to close with a fall 6 cents at $68.94.
Firm Trades| Stocks closing with prices unchanged at the end of trading are Angostura Holdings with 830 shares to close at $13.00, First Citizens Bank 3,601 units to close at $35.01, Clico Investment Fund posted a volume of 13,125 shares valued at $284,156.25 to close at $21.65, Jamaica Money Market Brokers traded a mere 1,904 to end at 41 cents and One Caribbean Media with 105 shares, to close at $25 and Sagicor Financial Corporation added 6,563 shares valued at $42,660 to close at $6.50.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower.
Scotiabank’s 200,069 shares rescue price
July 9, 2014 by
[…] down a cent, at $122.05. Sagicor Financial lost a cent when trading 3,440 units, to close at $6.50, Scotiabank suffered a 21 cents fall to close at $68.73, a new 52 weeks low while trading a mere 14 units. […]