Jul 2008 Financial News

Market activity rebounds

Jul 08, 2008

Active trading in the shares of Trinidad Cement Ltd brought a turnabout in the market. TCL ended the day with 1.60 million shares changing hands for $17.55 million and was the major contributor to the overall market volume of 1.77 million and the market value of 20.55 million.

Other key market players were Readymix West Indies Ltd and National Enterprises Ltd, which witnessed the trading of 40,392 shares for a value of $767,454.18 and 38,012 shares for $465,647.00 respectively.

Readymix West Indies Ltd enjoyed the largest price increase, climbing $1.38 to $19.00. Four of the remaining advancing issues recorded their 52-week highs with Scotiabank Trinidad & Tobago Ltd, Angostura Holdings Ltd, Trinidad Cement Ltd and Republic Bank Ltd posting gains of $0.31, $0.30, $0.20 and $0.02 ending the day on $38.00, $6.80, $10.95 and $102.02. West Indian Tobacco Company Ltd added $0.04 to close on $30.04.

Unilever Caribbean Ltd led the declining securities with a drop of $0.21 down to $21.05. Sagicor Financial Corporation fell by $0.03 to $20.96, while Guardian Holdings Ltd and GraceKennedy Ltd shed $0.01 each to end on $30.93 and $8.39 respectively.

The Composite Index gained 1.90 points, closing on 1,158.56. The All T&T Index also witnessed an increase, moving up 4.12 points to 1,524.63. The Cross Listed Index fell, however, losing 0.03 points as it ended the day on 97.57.

Trinidad Guardian
Website: http://www.guardian.co.tt/business1.html
8th July, 2008