Following a stunning decline, oil prices have clawed back near the US$50 level this year. Production boomed in the US but is now slumping.
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$650,000 in trades on TTSE
Overall market activity resulted from trading in ten securities of which two advanced, three declined and five traded firm. Trading activity on the First Tier Market registered a volume of 38,001 shares crossing the floor of the Exchange valued at $649,646.37. Scotia Investments Jamaica Ltd was the volume leader with 15,067 shares changing hands for a value of $23,956.53, followed by First Citizens Bank Ltd being traded for $366,293.19.
Sagicor Financial Corporation contributed 5,957 shares with a value of $43,486.10, while Guardian Holdings Ltd added 3,000 shares valued at $43,410. Scotia Investments Jamaica Ltd enjoyed the day’s largest gain, increasing $0.06 to end the day at $1.59. Conversely, First Citizens Bank Ltd suffered the day’s greatest loss, falling $0.25 to close at $37.40. Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 146,580 shares valued at $3,173,881. It remained at $21.65.
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