Sunday 23rd December, 2007

 

Shares fall significantly

 
 
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Trading volumes fell last week as 1,750,451 shares crossed the floor, down a significant 50.63 per cent on the previous week’s volume of 3,545,329 shares. The value of shares traded stood at $43,044,358.46 compared to a value of $136,564,552.99 in the previous week. This represented an enormous fall of 68.48 per cent, week on week.

Both Indices ended the week up, with the Composite Index gaining 8.1913 points or 0.84 per cent to close at 979.5692; while the All T&T Index rose 2.0379 points or 0.17 per cent to end the week at 1,195.4195. Advances outnumbered declines by a close ratio of seven to six.

Neal and Massy Holdings Ltd (NML) was the volume leader for a second consecutive week with 518,577 shares traded or 29.63 per cent of all trades. Readymix (West Indies) Ltd (RML) was next in line with 459,504 shares traded or 26.25 per cent of the market. While National Flour Mills Ltd (NFM) followed with 225,800 shares traded or 12.90 per cent of the total volume traded.

FirstCaribbean International Bank Ltd (FCIB) took the title of major advance last week, up 51 cents or 4.08 per cent to end the week at $13.01. NFM was the second major advance, moving up 2 cents or 2.30 per cent to close at $0.89. Guardian Holdings Ltd (GHL) was next, up 50 cents or 2.13 per cent to end at $24.