Tuesday, 22nd October 2013 | Republic Bank, an IC Insider Buy Rated pick, which enjoyed a big $6.06 jump in price in Monday’s trading to end at $117.17, a new 52 weeks high, fell back $5.16 in Tuesday’s trading to close at $112.01 while trading 3,632 units.
There was trading in 12 securities of which 3 advanced, 3 declined and 6 traded firm with 305,245 shares changing hands valued at $10,625,226.
Ansa Mcal traded 88,687 shares for a value of $5,879,932 as the price closed at $66.30; Angostura Holdings closed firm at $13.50 with 1,000 units trading; First Citizens Bank contributed 8,011 shares with a value of $ 280,375 as the price closed down a cent at $34.99; Jamaica Money Market Brokers with a volume of 40,249 shares, traded for $29,392 as the price held firm at 73 cents. At the close, demand had eased to only 11,000 units at 65 cents while the offer was for 195,077 units at 73 cents.
Point Lisas Industrial Port Development Corporation added 850 shares and closed firm at $3.77; Scotia Bank gained 75 cents to end at $71.01, a new 52 weeks high, while trading 2,907 units. Scotia Investments contributed 16,000 shares with a value of $31,200 and closed unchanged at $1.95. West Indices Tobacco traded 5,924 units to close firm at $118.20.
Clico Investment Fund posted a volume of 133,795 shares valued at $2,907,220 and declined by 21 cents to end at $21.73.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed bids for 3 stocks being higher and 5 stocks with offers lower than their last selling price.
Related posts | Buy Rated: TTSE stocks climbing, JSE falters
[…] Republic Bank traded as high as $117.17 early in the week but failed to hold on as the price moved well ahead of where the market would be normally trading at. As of the close of this week, Republic Bank has potential gains of 50% based on IC Insiders PE Ratio chart. […]