Finance Minister Colm Imbert says the Government is still awaiting a response from the US Treasury Department on its request for an extension to have the FATCA legislation approved.
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FirstCaribbean falls by $0.73
Overall market activity resulted from trading in 16 securities of which four advanced, three declined and nine traded firm.
Trading activity on the First Tier Market registered a volume of 1,384,243 shares crossing the floor of the Exchange valued at $8,598,237.29.
Jamaica Money Market Brokers Limited was the volume leader with 517,200 shares changing hands for a value of $232,740, followed by Trinidad Cement Limited with a volume of 463,720 shares being traded for $1,065,801.75. National Commercial Bank Jamaica Limited contributed 170,494 shares with a value of $199,477.98, while National Flour Mills Limited added 64,064 shares valued at $73,673.60.
First Citizens Bank Limited enjoyed the day's largest gain, increasing $0.23 to end the day at $37.65. Conversely, FirstCaribbean International Bank Limited suffered the day's greatest loss, falling $0.73 to close at $5.75. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 54,086 shares valued at $1,170,961.90. It advanced by $0.02 to end at $21.65.