Stock trading hits new low’
Stabroek News
October 21, 2003

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Trading on the stock exchange yesterday was down from last week with only 15,422 shares changing hands for a value of $158,443.

Last week’s trading had yielded a total of $342,000 from 25,000 shares.

Demerara Distillers Ltd (DDL) shares traded at two prices yesterday; two of the transactions saw a total of 5,250 shares trading at $6.30 per share yielding $33,075 while another two transactions had a total of 3,222 shares trading at $6.50, for a value of $20,943. This was an improvement on last week’s price.

Twelve hundred shares of the Guyana Bank for Trade and Industry (GBTI) traded at $30 for a total value of $36,000.

The National Bank of Industry and Commerce (NBIC) had 5,750 of its shares traded at $11.90 for a total value of $68,425.

Shares remaining on the books for the next session, according to the market journal, are 3,233,000 of Banks DIH Ltd with the best offer (best price at which one is prepared to sell) being $6.40; 433,000 of DDL at a best offer of $6.50; 145,000 of NBIC at a best offer of $12; 13,000 of GBTI at a best offer of $30; 4,000 of Guyana Stockfeeds Inc. at a best offer of $15 and 1,000 of Property Holdings Inc. at a best offer of $12.

Bids remaining, according to the market journal, are 620,000 shares of Demerara Bank Ltd at a best bid (best price one is prepared to pay) of $1.20; 100,000 shares of Citizens Bank Guyana Inc. with a best bid of $10; 39,000 shares of Demerara Tobacco Company Ltd at a best bid of $44; 30,000 shares of DDL at a best bid of $6.10; 20,000 of Banks DIH Ltd at a best bid of $6; 10,000 shares of GBTI at a best bid of $25; 10,000 shares of Sterling Products Ltd at a best bid of $15 and 2,000 shares of Property Holdings Inc.

Trading continues on Monday at 10 am on the trading floor of the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI) located on Robb Street and Avenue of the Republic, Georgetown.

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