Monday, 12th August 2013 | Trading on the Trinidad & Tobago Stock Exchange was low on the first trading day after Friday’s public holiday. Only 5 securities traded 3 declined, 2 traded firm and there were no stocks that advanced in price.
Trading accounted for 70,176 shares valued at $934,423. Our source in Trinidad suggest that the low volume in today’s trading may be due to Friday’s holiday as well as funds going into the Citizens Bank IPO with brokerage staff being tied up dealing with applications for the IPO.
National Enterprises had 30,363 shares changing hands for a value of $485,808, followed by Sagicor Financial Corporation with 28,763 shares traded for $198,465 and shedding 9 cents to close at $6.90. Scotiabank Trinidad & Tobago had a mere 200 shares trading valued at $14,000, while Republic Bank exchanged just 30 shares valued at $3,300.
Clico Investment Fund in posting a volume of 10,820 shares valued at $232,850 lost a cent to at $21.52.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows no stocks with bids that were higher and 1 stock with an offer lower than the last selling price.
