Trinidad Stock Exchange inching higher
Trading closed on Thursday after 675,112 shares were exchanged at a value of $4,134,604 compared to only 152,664 shares valued at $2,299,065 traded on Wednesday.
The Composite Index climbed 6.74 points to 1,237.29, the All T&T Index advanced 3.99 points to 1,828.22, still leaving it slightly lower that at the close of 2016 and the Cross Listed Index gained 1.30 points to 88.62 and is up 10.81 percent for 2017.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 6 stocks with bids higher than last selling prices and 7 with lower offers.
Gains| First Citizens advanced 49 cents, closing at $32.50 with an exchange of 195 shares, First Caribbean International closed at a 52 weeks’ of $8.85, gaining 32 cents with 3,414 units changing hands, Guardian Holdings closed at a 52 weeks’ high of $14.76 with gains of 4 cents, trading 34,800 shares valued at $513,383. Massy Holdings gained 60 cents to close at $52 with 15,759 units being exchanged at a value of $819,389, Sagicor Financial closed at a 52 weeks’ high of $9.30, gaining 18 cents trading 193,132 shares at a value of $1,783,021 and Trinidad & Tobago NGL closed trading 10 cents higher to $22.75 with 3,408 shares changing hands.
Losses| Grace Kennedy lost 1 cent to close at $2.64 with 3,690 units exchanged, JMMB Group closed 5 cents lower to $1.20, trading 262,106 shares valued at $315,277, Unilever Caribbean dropped 50 cents to close at $58 with 54 units traded and West Indian Tobacco closed at $126.99, losing 1 cent with an exchange of 35 shares.
Firm Trades| Ansa McAL closed trading at $66.45 with 19 units changing hands and National Commercial Bank remained at $3.60 with an exchange of 158,500 shares valued at $570,869, the stock closed with buying of 20,000 units at $4, the equivalent of J$75, the stock closed in Jamaica at J$64 on Thursday.
Gains topped declines on TTSE
Trading activities fell sharply on the Trinidad & Tobago Stock Exchange on Wednesday with just 7 securities trading compared to 10 on Tuesday. Stocks rising continues to dominate with mild movements in the indices at the close of the market.
Trading ended with 4 stocks advancing, 2 declining and 1 holding firm, resulting in 152,664 shares changing hands at a value of $2,299,065 compared to Tuesday’s 197,505 shares valued at $1,350,912.
The Composite Index gained 0.07 points to end at 1,230.55, the All T&T Index declined 1.52 points to 1,824.23 and the Cross Listed Index gained 0.23 points to 85.32, to be up 9.15 percent for the year to date.
IC bid-offer Indicator|The Investor’s Choice bid-offer ended with 8 stocks with bids higher than last selling prices and 9 with lower offers.
Gains| Guardian Holdings closed at a 52 weeks’ high of $14.72, gaining 11 cents with 22,086 shares changing hands at a value of $325,032, JMMB Group gained 5 cents to close at a 52 weeks high of $1.25 with 45,434 units being exchanged. Scotiabank closed at $58.75 with a gain of 5 cents and 1,750 shares traded and Trinidad & Tobago NGL advanced 10 cents, closing at $22.65 with 775 shares changing hands.
Losses| Clico Investment lost 3 cents to close at $22.50 with 16,946 units exchanged at a value of $1,230,292 and First Citizens closed at $32.01, losing 49 cents with 16,946 shares traded at a value of $542,272.
Firm Trades| Scotia Investments held firm at $2.21 with an exchange of 11,000 shares.