Tuesday, 31st December 2013 | The Trinidad & Tobago Stock Exchange ended 2013 on a positive note with more stocks rising than declining. Additionally, the market recorded a positive year with the two main indices advancing during the year.
The Composite Index advanced by 0.29 points on Tuesday to close at 1,185.05 compared to 1,064.98 at the end of 2012, gaining 11 percent for the year. The All T&T Index advanced by 0.20 points on the last day of the year to close at 1,993.72 and gained 17.7 percent over the 1,694.27 at the close of 2012. The Cross Listed Index advanced by 0.05 points to close at 49.43 on Tuesday but was down 12 percent from the 56.33 at the end of 2012 closed.
2014 Up Market | The overall market seems poised to move higher in 2014 with the IC Insider Buy Rated list having several stocks that should trade much higher during the year.
Trading activity on the First Tier Market registered a volume of 161,914 shares valued at $3,369,575 as the price of 3 stocks advanced, while 1 declined and 5 remained firm.
First Citizens traded 3,915 shares to close at $40.25; Guardian Holdings traded 75,267 shares changing hands for a value of $1,053,738 and closed firm at $14; Neal & Massy Holdings, with a volume of 15,147 shares, traded for $908,987 and the price closed at $60.00; Jamaica Money Market Brokers traded unchanged at 51 cents and contributed 8,000 shares with a value of $4,080; National Enterprises added 5,800 shares valued at $101,790 and the price inched up a cent to $17.55; Sagicor Financial Corporation traded 2,713 shares as the price gained 6 cents to end the day at $7.25.
There was trading in 50,937 Clico Investment Fund’s shares valued at $1,119,945, the price advanced by 2 cents to end at $22.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids that were higher than the last selling prices versus only 1 stock with the offer that was lower.
