Witco $5 surge creates big index gains

West Indian Tobacco jumped $5.02 to a 52 weeks’ high of $40, with investors exchanging 700 shares, to record the first trade since the price adjusted for the three for one split last week. The move helped along with increases in eight other stocks to push the All T&T Index up by 1.56 percent for the day.
At the close of the market, bids to buy the stock rose to 23,980 units at $40 up from 20,465 units on Monday. The market closed with no shares offered for sale.
At the close of the market, the All T&T Index surged 27.88 points to 1,811.56, while the Cross Listed Index rose 1.18 points to close at 146.12 as prices of 9 stocks rose, 3 declined while 5 remained unchanged, leading the Composite Index to climb 18.33 points to 1,444.91.
In the overall market on Monday, investors traded 153,598 shares, amounting to $1,718,205 from an exchange of 17 securities, against 12 on Monday, resulting in trading in 65,975 shares amounting to $950,201.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at six stocks with bids lower than their last selling prices and one with a lower offer.
Gains| Calypso Micro Index Fund rose 5 cents in trading 400 shares and closing at $15.80, Clico Investment Fund concluded trading 5 cents and concluded at $24.40, after exchanging 568 shares, Guardian Holdings added 50 cents to close at $19, with investors transferring 12,500 shares. National Enterprises closed with a gain of 5 cents at $5.55, with investors exchanging 205 shares, National Flour gained 4 cents and completed trading at $1.40, with 10,560 stock units changing hands, NCB Financial closed with an increase of 20 cents and concluded trading of 27,200 stock units at a record high of $11.20. Trinidad Cement rose 15 cents and completed trading with 51,619 units at $1.95 and LJ Williams rose 15 cents and ended at $1.35, with 5,000 stock units trading.
Losses| First Caribbean International Bank share fell 1 cent to $8.22, after exchanging 200 shares, First Citizens Bank lost 15 cents to end at $42.05, with 4,227 units crossing the exchange and Trinidad & Tobago NGL declined by 15 cents and ended trading of 35,659 shares at $21.10.
Firm Trades| Agostini’s traded just 40 shares at $24, Angostura Holdings ended at $16.20, in swapping 2,615 units, Guardian Media settled at $7.80, with investors exchanging 1,567 shares, Massy Holdings completed trading of 120 units at $59.75 and Unilever Caribbean settled at $23.50, with 418 stock units changing hands.

Prices of securities trading are those at which the last trade took place.


About IC Insider.com