Thursday, 30 January 2014 | High flyer, First Citizens Bank, dropped by $1.99 to $38 at the end of trading on the Trinidad Stock Exchange as it traded only 100 units. The stock peaked at $43 last week and then started to decline thereafter with some profit taking by investors. Citizens was listed in September 2013 after a very successful IPO at $22 each.
Advancing and declining stocks were evenly matched in trading as 275,935 shares traded with a value of $4,712,718 with 15 securities trading of which 4 advanced, 4 declined and 7 traded firm. The Composite Index declined by 3.25 points to close at 1,184.66, the All T&T Index declined by 6.19 points to close at 1,997.83 and the Cross Listed Index fell 0.04 points to close at 48.862
Gainers | The main traded stocks with gains include Clico Investment Fund that traded 108,408 shares valued at $2,438,828, the price increased by 4 cents to end at $22.51; Neal & Massy closing at $65.16 up 15 cents; One Caribbean Media traded only 50 shares with the price closing at $18.82 up 5 cents; Sagicor Financial Corporation exchanged 25,441 shares for a value of $$190,631 to close up 21 cents at $7.51.
Losers | With the exception of the fall in First Citizens Bank, declines were moderate as Agostini’s lost a cent to close at $17.99 with 7,300 shares trading; Jamaica Money Market Brokers traded 90,040 shares for a value of $40,588 but the price declined by 5 cents to end at 45 cents; Scotia Investments had a volume of 5,000 shares traded for $71,000 as the stock price ended down 3 cents to close at $1.42.
Firm trades | More stocks traded with their prices unchanged than the gainers or losers. Included amongst them are Angostura Holdings traded 21,038 units to close at $10.75; Ansa MaCal traded 3,148 units to close at $66.30; Grace Kennedy traded 500 units to close at $3.71; Guardian Holdings traded just 140 units to close at $14; National Enterprises contributed 2,111 shares to close at $18.25. West Indian Tobacco added 11,247 shares valued at $1,327,146 as the stock closed at $118.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with bids that were higher than the last selling prices and 5 stocks with offers lower.