Thursday, 13th June 2013 | The West Indian Tobacco Company enjoyed the day’s largest gain, increasing $0.49 to end the day at $112.50, yet another all time high as the stock trades at a high PE ratio of 26 times earnings. The stock is still attractive from an income point of view with a yield of 3.4 percent compared with Treasury Bill rates in Trinidad of less than a percent. All indications are that this stock is still going higher. Scotiabank fell 29 cents to end the day at $69.71 as only 820 shares traded.
Main Market | The main market at the Trinidad & Tobago Stock exchange had a volume of 281,761 shares crossing the floor with a value of $1,652,262. Trinidad Cement saw 154,500 shares changing hands for a value of $147,975. Angostura Holdings traded a volume of 78,009 shares for $702,081. Sagicor Financial Corporation contributed 26,245 shares valued at $165,868. An infrequent trader, the Barbados headquartered First Caribbean International Bank accounted for 9,247 shares valued at $73,051.
Clico Investment Fund posted a volume of 105,940 shares valued at $2,289,349.44 with the price advancing by $0.20 to end at $21.61
Advances positive | The advance decline ratio remains positive with 5 stocks advancing and 1 declining, on a day 14 stocks traded. At the end of trading, the Investor’s Choice bid-offer sentiment indicator shows that bids for 4 stocks were higher with 2 stocks that had offers that were lower than their last selling price which is just mildly bullish.