Wednesday, 26th February 2014 | The Trinidad Stock market had two new 52 weeks highs in One Caribbean Media and Unilever stocks at the close of the market.
Overall there was trading in 15 securities of which 5 advanced, 3 declined and 7 traded firm. Trading accounted for 67,234 shares carrying a value of $2,245,979. First Citizens closed trading with an offer to sell 23,444 shares as low as $38 even as the last traded price was $38.43. The bid was for a mere 526 units at $37 suggesting there may be a sharp pull back when next it trades.
At the end of trading the Composite Index gained 0.48 points to close at 1,193.07, the All T&T Index declined by 0.09 points to end at 2,003.44 and the Cross Listed Index advanced by 0.13 points to close at 50.25.
Gains | Stocks trading with price gains at the close of the market are Angostura Holdings with 990 units at $10.76 as the price inched up a cent; Clico Investment Fund in posting a volume of 19,175 shares valued at $413,207, the price advanced by 4 cents to end at $21.55; National Commercial Bank 1,000 shares at $1.17 for a gain of 2 cents; One Caribbean Media 500 shares to close up by 19 cents at $19.50 and Unilever Caribbean gaining 40 cents to end the day at $57 while trading 500 shares.
Firm Trades | First Caribbean International Bank added 3,711 shares valued at $24,120 in closing at $6.50; Jamaica Money Market Brokers had 13,700 shares changing hands for a value of $6,850 and closed at 50 cents; National Enterprises traded 10,177 shares for $185,730 to close at $18.25; Neal & Massy had 1,738 units to close at $66.25; Scotiabank exchanged just 2,254 shares at $72.53; Republic Bank swapped ownership of 2,100 shares in closing at $117.50 and West Indian Tobacco contributed 6,089 shares worth $718,502 with the price closing at $118.
Declines | ANSA McAL traded 3,000 shares at $66.50, down by a cent; First Citizens traded only 200 shares to close down by a cent at $38.43; Prestige Holdings fell 8 cents to close at $9.30 while trading only 100 shares.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
