Friday, 18th October 2013 | Prices continue to rise for most stocks trading on the Trinidad stock market with trading in 13 securities of which 8 advanced, 1 declined and 4 traded firm. Trading resulted in a volume of 477,227 shares valued at $2,259,541.
Fours stocks reached new 52 weeks high on the last trading day of the week. These are Angostura Holdings which gained 96 cents to end the day at $13.50 while trading 13,260 units; Jamaica Money Market Brokers with 279,868 shares changing hands for a value of $204,734 as the price closed up 3 cents to 73 cents; Scotia Bank up 5 cents to close at $70.26 with 635 shares changing hands and Republic Bank which closed at $111.12, up 12 cents while trading 430 shares.
First Citizens traded 9,930 to close firm at $35.00; Neal & Massy gained 25 cents to close at $57.26 in trading 2,393 units; Point Lisas Industrial Port Development had 12,500 shares changing hands with the price closing firm at $3.77. Sagicor Financial Corporation with a volume of 100,000 shares being traded for $725,000. Guardian Holdings Limited contributed 24,055 shares with a value of $366,786 as the price gained 10 cents to end at $15.25, while National Commercial Bank Jamaica added 22,100 shares valued at $26,078 firm at $1.18.
Grace Kennedy declined by 3 cents to end the day at $4.12 as 6,048 units were traded.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 5 stocks being higher and 3 stocks with offers lower than their last selling price. This coupled with the lack of supply in the market t0 meet demand is suggesting that the market is looking somewhat more bullish than a few weeks ago.
