Msc, Lecturer, CISPS
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First Citizens shares plunge to $34
Overall market activity resulted from trading in 14 securities of which three advanced, three declined and eight traded firm. Trading activity on the first tier market registered a volume of 95,366 shares crossing the floor of the Exchange valued at $1,309,655.49. Trinidad Cement Ltd was the volume leader with 50,000 shares changing hands for a value of $103,414.36, followed by First Citizens Bank Ltd with a volume of 27,586 shares being traded for $937,900.42.
Jamaica Money Market Brokers Ltd contributed 5,532 shares with a value of $2,987.28, while Sagicor Financial Corporation added 4,540 shares valued at $31,795.24. Republic Bank Ltd enjoyed the day’s largest gain, increasing $0.06 to end the day at $120.23. Conversely, First Citizens Bank Ltd suffered the day’s greatest loss, falling $0.71 to close at $34.Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 78,180 shares valued at $1,691,479.66. It declined by $0.10 to end at $21.64.