There was relatively tepid trading activity in the first full trading week for the New Year. A total of 1,834,898 shares traded compared to 1,503,976 shares in the prior week. The value of shares traded, amounted to $21,300,182.38 versus $53,355,460.90.
The volume leader this week was National Commercial Bank of Jamaica (NCBJ) accounting for 39.79 per cent of the total volume traded or 730,169 shares changing ownership. There was a concurrent increase in NCBJ’s share price by 1.74 per cent from $1.15 to $1.17. The Composite Index rose marginally 0.02 per cent or 0.19 points to end the week at 1,151.20. The All T&T Index declined 0.03 per cent or 0.53 points to 1,982.73 and the Cross Listed Index rose 0.29 per cent or 0.12 points to 41.86.
National Flour Mills was the major advance this week, up 4.31 per cent or $0.05 to end at $1.21 and the major decline was One Caribbean Media (OCM), down 12.00 per cent or $3.00 to $22.00. The advance to decline ratio was 11 to 6. There was no activity on the Second Tier Market this week. On the TTD Mutual Fund Market, 193,725 Clico Investment Fund (CIF) units traded with a value of $4,551,697.10. CIF’s price rose 0.13 per cent or $0.03 to $23.49.