Business News

Indices rise as advances monopolise

Dec 24, 2009

ANSA McAL Ltd (AMCL) led trading activity with a volume of 21,024 shares valued at $882,017.09. GraceKennedy Ltd (GKC) and Guardian Holdings Ltd (GHL) recorded volumes of 10,000 shares and 8,866 shares with respective values of $28,100.00 and $125,010.60. Scotiabank Trinidad & Tobago Ltd (SBTT) added 1,441 shares valued at $44,307.55, while 1,389 shares of The West Indian Tobacco Company Ltd (WCO) were traded for a value of $44,989.71. A total of 43,755 shares changed hands with a market value of $1.14 million.

Advances were the order of the day. AMCL climbed $0.97 to $42.00. WCO gained $0.08 to end at $32.39, as GKC increased by $0.05 to $2.81. The Mutual Fund Market was inactive, leaving prices unchanged at $5.11 for Caribbean Property Fund (CPF), $3.46 for Praetorian Property Mutual Fund (PPMF) and $62.00 for Savinvest India Asia Fund (SIAF).

Prices on the Second Tier Market remained unchanged with FNCU-Venture Capital Company Ltd (FNCU) and Mora Ven Holdings Ltd (MOV) standing firm at $1.00 and $13.50, respectively. The Bond Market registered a volume of 6,500 and a value of $6.71 million. Market activity monopolised by advances gave rise to positive movements in all three major indices. The Composite Index rose by 2.11 points to 771.45. The All T&T Index leapt 4.01 points to 1,094.31. The Cross Listed Index traded up 0.04 points to settle at 55.85.

http://guardian.co.tt/business/business/2009/12/24/indices-rise-advances-monopolise