Monday, 27th January 2014 | Investors cleared out all the National Commercial Bank shares on offer in Monday’s trading on the Trinidad Stock Exchange. This seems a strong acceptance of the improved quarterly results reported by the banking group after trading hours on Thursday. The bank’s shares accounted for 97 percent of the stocks that traded.
Activity amounted to 1,958,441 shares changing hands valued at $3,250,095 with trading in 10 securities of which 3 advanced, 3 declined and 4 traded firm.
Two of the market indices declined while one remained unchanged. The Composite Index declined by 0.64 points to close at 1,195.73, the All T&T Index fell by 1.30 points to 2,020.18 and the Cross Listed Index remained at 48.81.
Gainers | Clico Investment Fund advanced by 11 cents to end at $22.75 with a volume of 3,210 shares valued at $73,028. Republic Bank added 8,109 shares valued at $944,897 with the price increasing by 29 cents $116.52; Scotia Bank traded only 624 units but the price inched up by 2 cents to $73.12.
Firm traders | National Commercial Bank was the volume leader with 1,901,965 shares changing hands for a value of $1,901,965 with price closing at $1; Jamaica Money Market Brokers closed at 49 cents with 18,500 shares trading for $9,065 and Guardian Holdings traded 4,294 units at $14.
Losers | Angostura Holdings fell by 50 cents to close at $11.00 as 1,000 units traded; National Flour Mills contributed 15,500 shares with a value of $14,830 to close a cent off at 95 cents; First Citizens Bank lost 4 cents in closing at $42.38 with 3,891 shares traded.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 3 stocks with bids that were higher than the last selling prices and 5 stocks with offers lower.
