Business News

Trading activity continued to pick up

May 25, 2009

Trading activity continued to pick up last week as 2,190,078 shares changed hands, a healthy increase of 43.69 per cent on the previous week’s volume of 1,524,169 shares. The value of shares traded, however, was $12,375,120.64, a decrease of 29.18 per cent from the previous week’s value of $17,473,573.32. Indices performances were in the red last week. The Composite Index closed the week at 789.39, down 1.28 per cent or 10.24 points.

The All T&T Index declined 0.48 per cent or 5.25 points to 1,079.51 while the Cross Listed Index dropped 2.83 per cent or 1.80 points to 61.76. Advances were outnumbered by declines by a ratio of three to five. The heaviest traded stock last week was National Enterprises Ltd (NEL) with 1,678,302 shares traded or 76.63 per cent of the market.

This was followed by National Commercial Bank Jamaica Ltd (NCBJ) with 112,000 shares changing hands or 5.11 per cent of all trades. Trinidad Cement Ltd (TCL) dropped to third place with 81,515 shares or 3.72 per cent of the total volume traded. Leading the week’s advances was National Flour Mills NFM), which moved 5 cents or 8.77 per cent to $0.62. NCBJ was second also up 5 cents or 5.26 per cent to $1. GraceKennedy Ltd (GKC) was third, up 7 cents or 2.26 per cent to $3.17.

The week’s major decline was Capital & Credit Financial Group Ltd (CCFG), down 12 cents or 17.39 per cent to $0.57. Unilever Caribbean Ltd (UCL) was the second major decline, down $2.04 cents or 10.21 per cent to close the week at $17.94 while First Caribbean International Bank Ltd (FCIB) fell 48 cents or 5.35 per cent to close the week at $8.50.

http://guardian.co.tt/business/business/2009/05/24/trading-activity-continued-pick

 



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