The outbreak of World War I in 1914 coincided with the birth of the oil age in Fyzabad. The production coming out of the new wells at Forest Reserve exceeded all expectations.
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First Citizens up by $1.14
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 148,292 shares crossing the floor of the Exchange valued at $1,446,845.08. National Commercial Bank Jamaica Limited was the volume leader with 50,639 shares changing hands for a value of $53,170.95, followed by Angostura Holdings Limited with a volume of 29,900 shares being traded for $381,225. Scotia Investments Jamaica Limited contributed 29,757 shares with a value of $41,719.80, while First Citizens Bank Limited added 18,790 shares valued at $688,926. First Citizens Bank Limited enjoyed the day’s largest gain, increasing $1.14 to end the day at $36.66. Conversely, Scotia Investments Jamaica Limited suffered the day’s greatest loss, falling $0.10 to close at $1.40.
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