Falling oil prices put the Government in a difficult situation, economist Dr Ronald Ramkissoon said yesterday. Commenting on the decision by OPEC not to reduce output, he said: "An oil economy must
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First Citizens shares down by $0.27
Overall Market activity resulted from trading in 12 securities of which three advanced, two declined and seven traded firm. Trading activity on the first tier market registered a volume of 607,928 shares crossing the floor of the Exchange valued at $2,918,934.92. Jamaica Money Market Brokers Ltd was the volume leader with 450,000 shares changing hands for a value of $184,502, followed by Trinidad Cement Ltd with a volume of 77,000 shares being traded for $154,352.16.
First Citizens Bank Ltd contributed 58,943 shares with a value of $2,093,908.29, while Point Lisas Industrial Port Development Corporation Ltd added 7,000 shares valued at $29,050
Trinidad Cement Ltd enjoyed the day’s largest gain, increasing $0.05 to end the day at $2. Conversely, First Citizens Bank Ltd suffered the day’s greatest loss, falling $0.27 to close at $35.52. Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 137,798 shares valued at $3,031,556. It remained at $22.