Falling oil prices put the Government in a difficult situation, economist Dr Ronald Ramkissoon said yesterday. Commenting on the decision by OPEC not to reduce output, he said: "An oil economy must
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Angostura leads with $1.1m in trades
Overall market activity resulted from trading in ten securities of which three advanced, two declined and five traded firm.
Trading activity on the First Tier Market registered a volume of 209,234 shares crossing the floor of the Exchange valued at $2,095,850.22. Angostura Holdings Limited was the volume leader with 101,502 shares changing hands for a value of $1,166,793.02, followed by Trinidad Cement Limited with a volume of 34,805 shares being traded for $80,051.50. National Enterprises Limited contributed 25,000 shares with a value of $456,250, while Jamaica Money Market Brokers Limited added 21,000 shares valued at $10,290.
One Caribbean Media Limited enjoyed the day's largest gain, increasing $0.18 to end the day at $18.75. Conversely, First Citizens Bank Limited suffered the day's greatest loss, falling $0.42 to close at $42.43. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 71,652 shares valued at $1,622,420.50. It advanced by $0.14 to end at $22.64.