Jul 2008 Financial News

Stock Market activity declines

Jul 04, 2008

Trading activity experienced a significant decline on Thursday as trade volume fell from highs posted on Tuesday and Wednesday to close at 195,766 shares with a corresponding value of $1.70 million.

National Flour Mills Limited led the market with 61,946 shares being traded for $70,937.56. Prestige Holdings Limited added 60,000 shares valued at $272,996.00. Point Lisas Industrial Port Development Corporation Limited and National Enterprises Limited contributed 21,548 shares and 16,204 shares with trade values amounting to $189,668.15 and $194,448.00 respectively. Guardian Holdings Limited ended the day with 12,600 of its shares crossing the floor of the exchange for $390,314.30, the day’s highest trade value.

Republic Bank Limited posted a gain of $0.50 pushing its price up to $102.00, while Scotiabank Trinidad & Tobago Limited and National Enterprises Limited increased by $0.41and $0.24 to $37.69 and $12.00 in that order. LJ Williams Limited B climbed $0.04 to close on $1.70, while Prestige Holdings Limited ticked up $0.01 ending at $4.55.

PLIPDECO Limited led declines with a fall of $0.25 down to $8.75, while Trinidad Cement Limited suffered a loss of $0.20 as it closed on $10.75. One Caribbean Media shed $0.02 ending the day at an even $19.00. Capital & Credit Financial Group Limited, Guardian Holdings Limited (GHL), National Commercial Bank Jamaica Limited, Neal & Massy Holdings Limited and Scotia DBG Investments Limited slipped by $0.01 each and closed on $0.84, $30.98, $2.09, $64.99 and $2.99 in that order.

There was no trading on the Mutual Fund market.

The Second Tier Market witnessed trading activity as 2,000 shares of Mora Ven Holdings Limited were exchanged for $14,020.00, its price moved up by 10 per cent to $7.01.

Both the Composite Index and the All T&T Index experienced gains, with the Composite increasing by 2.19 points to 1,154.62 and the All T&T climbing 5.29 points to 1,516.85. The Cross Listed Index continued to fall, this time losing 0.10 points as it closed on 97.54.

Trinidad Guardian
Website: http://www.guardian.co.tt/business1.html
4th July, 2008