Monday, 9th September 2013 | Guardian Holdings did not trade but now has a solid bid of 28,887 units at the last traded price of $14 suggesting that the recent sharp fall may have ended. As indicated in our PE Ratio report, the stock at these levels remain a very attractive buy.
There was trading in 11 securities of which 4 advanced, 1 declined and 6 traded firm as 470,117 units traded for a value of $2,587,325.
In actual trading, Angostura Holdings gained 9 cents to end the day at $9.60 with 1,032 units trading. Trinidad Cement was the volume leader with 361,100 shares changing hands for a value of $703,845 as the price fell 5 cents to end the day at $1.95. With an offer of 118,086 units at $1.95 and little in the way of bids, there could be further decline in the price before it hits bottom.
Jamaica Money Market Brokers with a volume of 40,000 shares traded for $20,000 remained firm at 50 cents. Republic Bank traded firm at $110.02 with 2,220 units changing hands; Scotiabank chipped in with 2,062 units at $70.01 for a 1 cent gain; Scotia Investments Jamaica contributed 20,000 shares with a value of $40,991 at it traded up a cent at $2.05; West Indian Tobacco added 3,799 shares valued at $448,280 while trading firm at $118 and looks as if it could climb higher in light of more positive news out of Jamaica on the state of the cigarette market demand. Clico Investment Fund in posting a volume of 33,850 shares valued at $729,220 put on 3 cents to end at $21.54.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator remains weak with a bid for only 1 stock that was higher with 2 with offers lower than their last selling price.
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[…] for the nine months to September 2014 attributable to equity shareholders of Guardian Holdings grew 45 percent to TT$286 million or $88 million or over the comparable period last year. The 2014 […]