At first I thought it was a misreport but then, Minister Lincoln Douglas denied it and confirmed it simultaneously last week: Three hundred and fourteen million dollars for the NCC!
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$1.6m traded in 14 securities
Overall market activity resulted from trading in 14 securities of which four advanced, five declined and five traded firm. Trading activity on the First Tier Market registered a volume of 341,713 shares crossing the floor of the Exchange valued at $1,609,996.85. National Commercial Bank Jamaica Limited was the volume leader with 151,500 shares changing hands for a value of $151,645.75, followed by Jamaica Money Market Brokers Limited with a volume of 110,000 shares being traded for $51,700.
Sagicor Financial Corporation contributed 40,056 shares with a value of $270,378, while First Citizens Bank Limited added 18,177 shares valued at $690,873.66. Republic Bank Limited enjoyed the day’s largest gain, increasing $0.11 to end the day at $120.50. Conversely, National Commercial Bank Jamaica Limited suffered the day’s greatest loss, falling $0.05 to close at $1.
Clico Investment Fund was the only active security on the Mutual Fund Market, posting a volume of 14,069 shares valued at $304,594.05. It declined by $0.04 to end at $21.65.