Proverbs 24:10 King James Version (KJV). “If thou faint in the day of adversity, thy strength is small.” In local parlance that means don’t play mas if you ‘fraid powder.
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$.7m in Witco shares traded
Overall market activity resulted from trading in 15 securities, of which five advanced, three declined and seven traded firm. Trading activity on the first tier market registered a volume of 48,059 shares crossing the floor of the stock exchange valued at $1,832,771.51. Jamaica Money Market Brokers Ltd was the volume leader with 13,700 shares changing hands for a value of $6,850.00, followed by National Enterprises Ltd with a volume of 10,177 shares being traded for $185,730.25.
The West Indian Tobacco Company Ltd contributed 6,089 shares with a value of $718,502.00. Unilever Caribbean Ltd enjoyed the day’s largest gain, increasing $0.40 to end the day at $57.00. Conversely, Prestige Holdings Ltd suffered the day’s greatest loss, falling $0.08 to close at $9.30.
Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 19,175 shares valued at $413,207.35. Clico Investment Fund advanced by $0.04 to end at $21.55. Praetorian Property Mutual Fund remained at $3.41. The Second Tier Market did not witness any activity.