Economist Indera Sagewan-Alli is not optimistic Government can bridge the $21 billion deficit between expenditure and revenue by selling national assets and raising taxes.
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Gain of $0.27 for Massy shares
Overall market activity resulted from trading in 12 securities of which two advanced, three declined and seven traded firm. Trading activity on the first tier market registered a volume of 148,069 shares crossing the floor of the Exchange valued at $1,391,027.25. Jamaica Money Market Brokers Ltd was the volume leader with 102,154 shares changing hands for a value of $41,883.14, followed by Neal and Massy Holdings Ltd with 12,753 shares traded for $886,645.33.
GraceKennedy Ltd contributed 11,000 shares with a value of $37,950, while Guardian Holdings Ltd added 10,800 shares valued at $154,440. Neal and Massy Holdings Ltd enjoyed the day’s largest gain, increasing $0.27 to end the day at $69.52. Conversely, Jamaica Money Market Brokers Ltd suffered the day’s greatest loss, falling $0.04 to close at $0.41. Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 53,815 shares valued at $1,165,371.65. It advanced by $0.01 to end at $21.66.
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