Stock market update
DIH's shares hit a new low
Stabroek News
May 7, 2004
Manufacturer, Sterling Products Limited saw its first trade on the exchange last Tuesday, hogging 33% of the total consideration for trades. Trade in its shares of 9,648 represented 7.5% of the total 129,310 shares changing hands at $35 per share, making it the second highest-priced share on the market. Compared with the previous week, the total volume increased by 83% to 129,310 shares traded.
However, beverage giant DIH's shares reached a new low of $5.5 per share. A total of 111,162 DIH shares were traded, representing 86 % of total shares and 59.7% of the total consideration of $1,026,687. At the start of the 44th trading session on Monday, DIH's shares began trading at $5.6; $0.20 less than the previous close and by the end of the session failed to muster a better price than $5.5.
The prices for the shares in DDL, GSI and NBI were rather flat once more. Another 4.3% of trades involved 5,500 shares in DDL which were traded at the previous session's closing price of $7.0 staying at that price throughout the session and contributing $38,500 to the total consideration.
A total of 2,000 GSI shares exchanged hands at a Mean Weighted Average Price (MWAP) of $13 garnering $26,000 while 1,000 NBI shares were traded at $12, same as the previous close.
Trading on the Stock Exchange continues next Monday at 10 AM at the offices of GASCI located on the corner of Avenue of the Republic and Robb Street.