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Trade volume jumps


 


Market activity peaked to end the week, recording a trade volume of 2.34 million shares and a traded value of $126.85 million, the highest daily value since September 2007. Neal & Massy Holdings Ltd (NML) was the day’s major contributor with a volume of 1.95 million shares with a value of $96.33 million. Republic Bank Ltd (RBL) followed with 351,790 shares valued at $30.25 million.


National Enterprises Ltd (NEL) and Trinidad Cement Ltd (TCL) were also active with respective trade volumes of 24,600 shares and 10,254 shares and corresponding traded values of $140,220.00 and $41,016.00. Overall, a total of 2.83 million shares crossed the floor of the Exchange over the past week for a market value of $129.33 million. Neal & Massy was the most active security for the week with 1.95 million shares trading for a value of $96.34 million.


Neal & Massy was the only security to witness a price change on Friday, inching up by $0.01 to $49.50. Prestige Holdings Ltd (PHL) enjoyed the week’s largest price increase of $0.04, while GraceKennedy Ltd (GKC) suffered the greatest loss for the week of $0.40 as both securities ended the week at $3.10. There was no activity on the Mutual Fund Market regarding the Caribbean Property Fund (CPF), Praetorian Property Mutual Fund (PPMF) and for Savinvest India Asia Fund (SIAF).


The Second Tier Market and the Bond Market remained inactive.  The Composite Index slipped by 0.01 to 805.63, with a weekly loss of 2.99 points. The All T&T Index shed 0.02 to close on 1,101.97, bringing its loss for the week to 0.82 points. The Cross Listed Index did not lose any ground on Friday, but accumulated a loss of 0.60 points during the past week.


 


Taken from the Trinidad Guardian – http://guardian.co.tt/