Friday, 20th December, 2013 | This trading week was all about First Citizens as the stock recorded 4 consecutive new highs between Tuesday and Friday, up by $3.03 cents, with the last selling price of $39.25 putting the gain at 78 percent since listing in September. At the close, the price seems destined to move higher during the coming week.
There was trading on the Trinidad stock market in 11 securities; 3 advanced, 6 declined and 3 traded firm with 471,809 shares trading for a value of $8,249,524. The Composite Index advanced by 0.61 points to close at 1,179.76, the All T&T Index advanced by 1.02 points to close at 1,984.32 and the Cross Listed Index advanced by 0.03 points to close at 49.27.
Agostini’s traded 10,000 units valued at $177,900 at $17.79; First Citizens Bank traded 171,648 shares changing hands for a value of $6,620,573 to close up 75 cents at $39.25 a new record; Grace Kennedy traded 98,281 for a value of $339,069 with the price ending at $3.45 for a 4 cents gain; Guardian Holdings exchanged 25,000 units to close firm at $14; Scotia Investments contributed 74,758 shares with a value of $112,137 as the price slipped a cents to end at $1.50, while Trinidad Cement added 70,710 shares valued at $154,021 and closed at $2.18.
Clico Investment Fund had a volume of 20,700 shares trading valued at $450,225 and the price advanced by 5 cents to end at $21.75.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 6 stocks higher and only one with an offer lower than their last selling prices, suggesting more gains in stock prices are likely in the coming days.
