Monday, 23rd December 2013 | In very moderate trading, First Citizens Bank gained $1.43 to end the day at $40 for yet another new record high with a volume of 9,460 shares being traded for $378,356. The bank released results for the full year with earnings around $2.45 thus justifying the movement in the stock, which we reinstated to our IC Insider Buy Rated list.
There was trading in only 6 securities of which 3 advanced, 0 declined and 3 traded firm which accounted for 53,527 shares trading at a value of $1,058,738. The Composite Index advanced by 4.08 points to close at 1,183.84, the All T&T Index advanced by 8.23 points to close at 1,992.55 and the Cross Listed Index remained at 49.27.
Guardian Holdings traded 37,957 shares with a value of $535,604 as the price closed firm at $14 but after trading at $14.11; National Enterprises contributed a paltry 171 shares with a value of $2,999 but the price remained at $17.54, while Republic Bank added 104 shares valued at $12,045 and gained 5 cents to land at $115.82.
Clico Investment Fund traded 5,800 shares valued at $127,194 as the price advanced by 18 cents to end at $21.93.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling prices, versus only one stock with an offer that was lower.
