In the past two Local Government elections six corporations were responsible for the shift in power.
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Guardian Holdings posts 2.4% gain
Volumes traded on the First Tier Market this week fell 13.98 per cent with a total of 775,646 shares crossing the floor compared to 901,706 shares traded in the previous week. The value of shares traded decreased 48.24 per cent to $24,526,208.43 from last week’s value of $47,381,293.13. Scotiabank T&T Ltd (SBTT) was the volume leader with 30.66 per cent of all trades or 237,776 shares traded.
The indices ended the week mixed. The Composite Index declined 0.08 per cent or 0.96 points to end the week at 1,182.17, the All T&T Index rose 0.10 per cent or 2.11 points to 2,027.04 and the Cross Listed Index fell 1.21 per cent or 0.54 points to 44.19.
This week there were six stocks advancing and six stocks declining. Guardian Holdings Ltd (GHL) was the major advance posting a 2.40 per cent gain or $0.34 to close at $14.49 and the major decline was National Commercial Bank Jamaica Ltd (NCBJ), slipping 6.25 per cent or $0.07 to $1.05.
There was no activity on the Second Tier Market this week. On the TTD Mutual Fund Market, 252,960 Clico Investment Fund (CIF) units traded with a value of $5,471,083.31. CIF’s price declined 0.41 per cent or $0.09 to close at $21.64. Additionally, 10,000 Praetorian Property Mutual Fund (PPMF) units traded with a total value of $34,000.00. PPMF’s price remained unchanged at $3.40.
In Jamaica, the JSE Market Index declined 1,100.96 points or 1.52 per cent this week to close at 72,281.01. Trading activity resulted in 33,455,415 shares traded valued at J$166,765,277.62. The volume leader this week was Barita Investments Ltd (BIL) with 44.93 per cent of the market or 15,030,000 shares. The major advance was LIME, up 25.81 per cent or J$0.08 to J$0.39 and the major decline was Pulse Investments (PULS), down 50.00 per cent or J$0.30 to J$0.30.