Jul 2008 Financial News

Market value leaps as volume slips

Jul 10, 2008

Although trade volume slipped down to 347,131 shares, trade value rose by 137 per cent to $8.91 million.

GraceKennedy Limited stood as volume leader with 122,327 shares being traded for $1.03 million. National Enterprises Limited and Sagicor Financial Corporation added 63,732 shares and 48,679 shares valued at $796,650.00 and $973,704.83 respectively. Value leader, Republic Bank Limited, contributed 34,127 shares for $3.48 million.

Ansa Merchant Bank Limited led advances with an increase of $1.02 to $35.02. Ansa Mc Al Limited, Angostura Holdings Limited and Scotiabank Trinidad & Tobago Limited gained $0.35, $0.20 and $0.12 closing on $60.54, $7.00 and $38.17 in that order. GraceKennedy Limited rose by $0.05 to $8.45, while Republic Bank Limited and Trinidad Cement Limited inched up by $0.01 to $102.06 and $10.75 respectively.

Sagicor Financial Corporation continued to lose ground falling $0.48 to $20.01, followed by One Caribbean Media Limited which was down $0.10 to $18.90

The Mutual Fund Market did not experience any trading activity with prices remaining at $4.95 for Caribbean Property Fund, $4.99 for Praetorian Property Mutual Fund and $75.98 for SavInvest India Asia Fund.

Mora Ven Holdings Limited was the only active security on the Second Tier market with 2,014 shares traded for a market value of $15,105.00, while a price increase of $0.49 to $7.50 was also recorded. FNCU-Venture Capital Company Limited did not witness any trading activity and closed with a price of $1.00.

The Composite Index regained some lost ground, moving up by 1.02 points to 1,157.01 while the All T&T Index was up a further 4.72 points to 1,531.62. The Cross Listed Index was down again, slipping 0.31 points as it closed at 96.38.

Trinidad Guardian
Thursday 10 July 2008
http://www.guardian.co.tt/business3.html