Investors pushed First Citizens Bank up nearly 8 percent and West Indian Tobacco 15 percent in trading on the Trinidad and Tobago Stock Exchange on Thursday, helping to drive the indices higher and continuing the recent recovery of the market.
TTSE recovering from the sharp sell-off recently.
The T&T Composite Index climbed 4.61 points to 1,286.58. The All T&T Index advanced 11.14 points to 1,735.95, while the Cross Listed Index lost 0.27 points to close at 113.16.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and three with lower offers.
Gainers│ First Citizens Bank climbed $3.50 to $48, in exchanging 5,687 units, National Flour gained 5 cents to close at a 52-weeks’ high of $2 trading 607,896 shares, Trinidad Cement picked up 5 cents to end at $1.95 in transferring 22,426 stock units. Trinidad & Tobago NGL closed 10 cents higher at $16.10, in swapping 4,147 units and West Indian Tobacco jumped by $4.68 to $35.88, with 50,473 shares changing hands.
Losers│ Clico Investments shed 29 cents to close at $25.01, with an exchange of 500 units, Guardian Holdings lost 10 cents trading 1,500 units to end at $18.15, JMMB Group closed 5 cents lower at $1.90, after swapping 92,390 shares.
Massy Holdings fell $1.02 to $58.98, with a transfer of 2,207 units and Scotiabank closed at $54.75, with a loss of 24 cents in exchanging 500 units.Firm Traders│ First Caribbean International Bank transferred 500 units at $7.50, National Enterprises traded 44,127 shares at $4.25, MPC Caribbean Clean Energy traded 46 units at $1. One Caribbean Media held firm at $5.50, with an exchange of 12,106 stock units and Republic Financial Holdings swapped 14,029 stock units at $132.73.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with seventeen securities trading with two rising, five declining and eleven holding firm. The volume of stocks passing through the market amounted to 1,221,907 shares valued at $1, $7,269,983 compared to 188,658 shares for $1,302,922 on Tuesday.
MPC Caribbean Clean Energy closed 10 cents lower at $1, with 930,714 shares crossing the market and Trinidad Cement lost 5 cents to finish at $1.90 in transferring 28,596 stock units.
At the close, the T&T Composite Index gained 0.22 points to 1,283.31. The All T&T Index declined by 2.16 points to 1,725.88, while the Cross Listed Index rose 0.36 points to close at 113.65.
Firm Traders│ Ansa Merchant Bank ended at $37 trading 26 units, First Caribbean International exchanged 15,500 shares at $7.50, NCB Financial closed at $7.50 with 72,800 stock units changing hands. Scotiabank ended with 281 units crossing the exchange at $54.99, Trinidad and Tobago NGL held firm at $16 with 1,000 stock units changing hands, Unilever Caribbean closed at $16.99 after exchanging 1,000 stock units and West Indian Tobacco remained unchanged at $31.20 with 1,892 stock units crossing the market.
The T&T Composite Index climbed 5.97 points to 1,283.09, while the Cross Listed Index lost 0.27 points to close at 113.29 as the prices of stocks held firm. The volume of stocks passing through the market amounted to 259,251 shares valued at $1,913,388 compared to 209,683 shares for $2,262,736 on Thursday.
Firm Trades│ Clico Investments exchanged 773 units at $25.30, First Citizens Bank traded 5,850 units at $44, Massy Holdings ended at $63, in swapping 448 units, One Caribbean Media remained at $5.50, with 1,100 units changing hands. Republic Financial Holdings transferred 135 units at $132.72, Trinidad and Tobago NGL closed at $16 trading 1,800 units, Trinidad Cement held firm at $1.90, with an exchange of 18,050 units and Unilever Caribbean remained at $16.99, after swapping 36,167 stock units.
The T&T Composite Index added 1.32 points to 1,277.12. The All T&T Index gained 2.61 points to 1,714.20, while the Cross Listed Index remained unchanged at 113.56.
Firm Trades│ First Citizens ended the day at $44, in trading 1,125 units, L.J Williams B share held firm at $1.48, with an exchange of 7,500 stock units, National Flour transferred 44,584 shares at $1.70. One Caribbean Media traded 3,000 units at $5.50. Point Lisas swapped 281 units at $3.30, Scotiabank ended at $54.65 with a transfer of 300 units, Trinidad Cement held firm at $1.90, after trading 100,000 shares, Unilever Caribbean remained at $16.99, after swapping 1,290 units and West Indian Tobacco exchanged 2,777 units at $31.40.
L.J Williams B remained at $1.48, with 21,845 stock units changing hands, Massy Holdings held firm at $55 while transferring 47 units. NCB Financial held firm at $7.50, with 99,950 shares crossing the market, One Caribbean Media was unchanged at $5.50, after trading 2,850 units, Trinidad Cement ended at $1.90 in swapping 65,000 shares. Unilever Caribbean exchanged 591 units at $16.99 and West Indian Tobacco held firm at $31.40, with an exchange of 150 units.
Trinidad and Tobago NGL traded 8,896 stock units at $16, after shedding 49 cents and Unilever Caribbean lost 1 cent to finish at $16.99, with an exchange of 56,231 shares.
First Citizens Bank fell $4 after trading 5,145 units to end at $44. Massy Holdings settled at $55, with a loss of $1 in switching ownership of 28,173 stock units, One Caribbean Media closed at a 52 weeks’ low of $5.53, after losing 46 cents while exchanging 2,135 units and Trinidad and Tobago NGL lost 1 cent transferring 835 units and closed at $16.49.
Unilever Caribbean lost 2 cents to end at a 52 weeks’ low of $16.98, with 1,143 units changing hands and West Indian Tobacco fell by 30 cents to $31.10 trading 1,830 units.
Trinidad Cement fell 28 cents to a 52 weeks’ low of $1.62.