DDL shares down
Stabroek News
November 18, 2003

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Shares in Demerara Distillers Ltd (DDL) dropped to $6 from $6.50 the previous week, as 31,500 traded for a total of $189,000 yesterday.

Since the exchange opened DDL shares have drifted downwards from a high of $7.50.

Total trading volume was $295,796 from 47,317 shares, up slightly from last week's $205,232 coming off 29,522 shares.

Banks DIH Ltd had 13,972 shares trading at prices per share of between $6 and $6.20 for a total consideration of $84,656.00.

Shares in the National Bank of Industry and Commerce(NBIC) traded at $12 for a total volume of $22,140 slipping from a price of $13 the week before.

According to GASCI's Stock Exchange Bulletin, Banks DIH Ltd's directors approved an interim dividend of $.1 per share which was paid in October. Citizens Bank also had approval for an increase in the interim dividend to $.3 per share, the Bulletin stated.

The Bulletin stated too that NBIC proposed a final dividend of $.15 per share and together with the interim dividend of $.1 per share this brings the total dividend in respect of the 2003 financial year to $.25 per share. At the current share price of $12.00 this would mean a dividend yield of a little over 2%.

Shares in the Guyana National Co-operative Bank (GNCB) have been removed from the Secondary list of the Guyana Association of Securities Companies and Intermediaries Inc (GASCI) with immediate effect. As a result of this removal, these shares will no longer be eligible for trading on the exchange.

According to GASCI, GNCB has been de-registered as a reporting issuer by the Guyana Securities Council (GSC). Stabroek News rang the offices of the Guyana Securities Council for a comment as to the reason for the de-registration, but was told that the chief executive officer was not in.

Trading on the stock exchange continues on Monday at 10 am at the offices of GASCI located on the corner of Avenue of the Republic and Robb Street.