Monday, 30th September 2013 | The recently listed First Citizens Bank is doing wonders for the Trinidad & Tobago Stock Exchange. On the final day of September, the stock accounted for the vast majority of trading with 800,904 shares changing hands for a value of $28,038,569 as the price closed at $35.01 out of a total of 858,551 shares traded valued at $31.8 million. The total funds invested in the market climbed to one of the biggest days in recent months with trading in 11 securities of which 2 advanced, 4 declined and 5 traded firm.
The IC Insider buy rated Republic Bank that has seen increased buying interest over the last few days had a volume of 33,442 shares trading for $3,679,958 as the price held firm at $110.04. Another buy rated stock, Trinidad Cement contributed 19,500 shares with a value of $43,095, while Sagicor Financial added 3,000 shares valued at $21,900 as the price rose 30 cents to $7.30. Infrequently traded Guardian Media suffered a drop of $0.25 to close at $19.50 with only 510 units traded. Scotia Bank traded at a new 52 weeks high of $70.05, up a cent, with a small volume of just 20 shares.
Active trader, Clico Investment Fund was the only able to contribute 400 shares valued at $8,628 to the market activity and declined by a cent to end at $21.57.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator showed the market consolidating with bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.
The bid on Grace Kennedy closed at $3.50 or JS$56 with 185,800 shares. The stock last traded at $3.32 on September 23. The increase comes partially out of the recent announcement of the resumption of the stock buyback program.
Image courtesy of Photokanok/FreeDigitalPhotos.net.
