The Government’s bid to overturn an injunction to resume the property tax drive hit a snag yesterday after the Court of Appeal ruled the matter was not urgent enough to be heard immediately.
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Trading in 13 stocks worth $4.4m
Overall market activity resulted from trading in 13 securities of which two advanced, three declined and eight traded firm. Trading activity on the first tier market registered a volume of 102,035 shares crossing the floor of the Exchange valued at $4,412,940.94. Scotia Investments Jamaica Ltd was the volume leader with 27,353 shares changing hands for a value of $38,294.20, followed by Massy Holdings Ltd with a volume of 23,786 shares being traded for $1,629,341.
The West Indian Tobacco Ltd contributed 20,000 shares with a value of $2,360,400, while Trinidad Cement Ltd added 13,935 shares valued at $26,755.20. The West Indian Tobacco Company Ltd enjoyed the day’s largest gain, increasing $0.01 to end the day at $118.02. Conversely, First Citizens Bank Ltd suffered the day’s greatest loss, falling $0.15 to close at $35.84.
Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 42,658 shares valued at $938,476. It remained at $22.