Friday, 27th September 2013 | Overall Market activity resulted from trading in 14 securities of which 4 advanced, 5 declined and 5 traded firm as 825,495 units traded priced at $12,833,131. This is in stark contrast to 8 advancing to 2 declining on the day before.
National Enterprises traded at a new 52 weeks high of $16.11 on Thursday and closed the week at $16.12, another 52 weeks high with miniscule volume.
First Citizens, which climbed $1 to close at $36 on Thursday, fell $1 to close at $35 with 183,959 shares trading for $6,464,811. Guardian Holdings fell 50 cents to close at $15 as 11,788 units traded. Jamaica Money Market Brokers had 362,000 shares changing hands, valued at $181,000 and closed firm at 50 cents; First Caribbean International Bank contributed 114,413 shares valued at $772,188 as the stock traded firm at $6.75; while ANSA McAL added 74,423 shares valued at $4,934,206 while losing 20 cents to close at $66.50. Trinidad Cement traded 17,751 units firm at $2.21.
National Flour Mills’ price increased by 7 cents to end the day at 86 cents with 54,158 units. Sagicor Financial, which had a big day on Thursday with 1,116,665 shares trading, only managed to move 1,490 units on Friday as the price closed at $7, off 30 cents. Clico Investment Fund, posted a volume of 2,411 shares valued at $52,025 as the price declined by $0.22 to end at $21.58.
With nearly half of the stocks listed having no stocks on offer, it is a pretty good indication that prices for many of these will be rising in the days or weeks ahead.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks being higher and 2 stocks with offers lower than their last selling price.
