Wednesday, 31 July 2013 | In one of the more active days on the Trinidad Exchange 1,684,120 shares traded at a value of $8,385,411 as 10 securities traded of which 4 advanced, 3 declined and 3 traded firm.
Trinidad Cement, which closed with the price jumping to $1.51 at the close, was by far the most dominant trade with 1,073,792 shares changing hands for a value of $1,438,904. The stock price, which is up 59 percent since IC Insider placed a buy rated signal on it, still has much room to run as it is selling at a very low PE ratio of around 2.5.
Jamaica Money Market Brokers traded 355,100 shares for $152,693 as the stock shed 2 cents to close at $0.43. One Caribbean Media, another IC Insider buy rated stock, accounted for 120,500 shares with a value of $2,170,205, while Ansa Merchant Bank added 101,124 shares valued at $3,903,386. Sagicor Financial Corporation stock gained 26 cents to end the day at $6.50 as 20,000 shares changed hands. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 5,725 shares valued at $122,343 and advanced by 1 cent to end at $21.37.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 2 stocks were higher than their last selling price, none had offers that were lower.
