Former CEO of the Land Settlement Agency (LSA) Dr Allen Sammy fears that if Government imposes property tax on squatters it would legitimise their occupancy on State and private lands.
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Witco trades $14m
Overall market activity resulted from trading in 11 securities of which five advanced, four declined and two traded firm.
Trading activity on the first tier market registered a volume of 538,719 shares crossing the floor of the Exchange valued at $17,592,946.93.
JMMB was the volume leader with 251,611 shares changing hands for a value of $301,602.39, followed by West Indian Tobacco Company Ltd with a volume of 110,000 shares being traded for $13,969,996.80. NCB Jamaica LIMITED contributed 69,575 shares with a value of $278,300, while National Enterprises Ltd added 52,824 shares valued at $578,142.59.
Massy Holdings enjoyed the day’s largest gain, increasing $1 to end the day at $53. Conversely, Republic Financial Holdings suffered the day’s greatest loss, falling $0.70 to close at $105.99.
Clico Investment Fund was the only active security on the mutual fund market, posting a volume of 184,833 shares valued at $4,168,335.05. Clico Investment Fund declined by $0.01 to end at $22.55.
The second tier market did not witness any activity.