Business News

Price declines monopolise market

Aug 19, 2009

National Commercial Bank Jamaica Ltd (NCBJ) closed Tuesday’s trade session as the volume leader with 115,000 shares crossing the floor valued at $104,050.00. Jamaica Money Market Brokers Ltd (JMMB) posted a volume of 95,000 shares valued at $38,000.00, while Trinidad Cement Ltd (TCL) and Guardian Holdings Ltd (GHL) contributed 30,500 shares and 15,479 shares, respectively, with corresponding values of $126,580.00 and $220,763.41. The day’s total volume was 280,310 shares with a value of $650,611.83.

Declines were the order of the day as National Enterprises Ltd (NEL), GHL and NCBJ slipped $0.08, $0.06 and $0.04 to $6.01, $14.25 and $0.91, respectively. The Mutual Fund Market, the Second Tier Market and the Bond Market were inactive. As a direct consequence of the negative price changes, all of the major indices were down. The Composite Index fell 1.75 points to settle at 783.92. The All T&T Index lost 1.36 points, ending at 1,091.60. The Cross Listed Index slipped by 0.25 points to 59.09.

http://guardian.co.tt/business/business/2009/08/19/price-declines-monopolise-market