Friday, 11 October 2013 | The Trinidad Stock Market closed the week with 16 securities trading with 6 advancing, 3 declining and 7 trading firm.
There was a total of 769,121 units valued at $4,476,812 passing through the market on a day when Angostura Holdings gained 51 cents to end the day at $11.51 while trading 2,539 units, a new 52 weeks high, Point Lisas Industrial Port saw 538,447 shares changing hands for a value of $2,034,064, at the close the price lost 2 cents to end at $3.78, Jamaica’s National Commercial Bank had a volume of 83,400 shares trading valued at $98,411with the price closing at $1.16 down 2 cents, Trinidad Cement contributed 38,690 shares with a value of $83,184 with the price remaining unchanged at $2.15, while First Citizens Bank added 30,554 shares valued at $1,069,390 with no change to the price of $35. Scotia Investments traded 21,005 units to close firm at $1.95
Clico Investment Fund posted a volume of 32,285 shares valued at $693,919 as the price advanced by 6 cents to end at $21.49.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price.
As the year progresses into the final quarter, annual results will start to flow along with nine months results for September. The reporting season will trigger interest in a number of stocks that could see higher prices as the year winds to an end. The stocks include Agostini’s, Angostura, National Enterprises, National Flour, Neal & Massy, One Caribbean Media, Point Lisas, Republic Bank, Scotia Bank and Unilever. If these stocks move up in price, especially the banking stocks, then First Citizens could gain a new lease of life.
