Stock market updates

GASCI ( Nº 223-6175/6) reports that session 495’s trading results showed consideration of $18,965,940 from 963,100 shares traded in 37 transactions as compared to session 494 which showed consideration of $14,421,381 from 486,358 shares traded in 27 transactions.  The stocks active this week were DIH, DBL, DDL, DTC, BTI and RBL.

Banks DIH Limited’s (DIH) twelve trades totalling 851,400 shares represented 88.40% of the total shares traded.  DIH’s shares were traded at a Mean Weighted Average Price (MWAP) of $16.9, which showed an increase of $0.1 from its previous close of $16.8. DIH’s trades contributed 75.71% ($14,359,940) of the total consideration. DIH’s first trade of 600,000 shares was at $16.9, its second trade of 2,000 shares was at $17.2, its third to fifth trades totalling 6,000 shares were at $17.0, its sixth to tenth trades totalling 174,800 shares were at $16.8, its eleventh trade of 18,600 shares was at $16.5, while its final trade of 50,000 shares was at $16.8.

20130125journalDemerara Bank Limited’s (DBL) six trades totalling 101,000 shares represented 10.49% of the total shares traded.  DBL’s shares were traded at a Mean Weighted Average Price (MWAP) of $28.0, which showed an increase of $0.1 from its previous close of $27.9. DBL’s trades contributed 14.91% ($2,828,000) of the total consideration. All of DBL’s trades were at $28.0.

Demerara Distillers Limited’s (DDL) two trades totalling 5,500 shares represented 0.57% of the total shares traded.  DDL’s shares were traded at an MWAP of $13.0, which showed an increase of $0.2 from its previous close of $12.8. DDL’s trades contributed 0.38% ($71,500) of the total consideration. Both of DDL’s trades were at $13.0.

Demerara Tobacco Company Limited’s (DTC) three trades totalling 700 shares represented 0.07% of the total shares traded.  DTC’s shares were traded at an MWAP of $820.0, which showed no change from its previous close. DTC’s trades contributed 3.03% ($574,000) of the total consideration. All of DTC’s trades were at $820.0.

Guyana Bank for Trade and Industry Limited’s (BTI) seven trades totalling 2,000 shares represented 0.21% of the total shares traded.  BTI’s shares were traded at an MWAP of $421.1, which showed a decrease of $28.9 from its previous close of $450.0. BTI’s trades contributed 4.44% ($842,250) of the total consideration. BTI’s first to fifth trades totalling 1,355 shares were at $420.0, its sixth trade of 450 shares was at $425.0, while its seventh trade of 195 shares was at $420.0.

Republic Bank (Guyana) Limited’s (RBL) seven trades totalling 2,500 shares represented 0.26% of the total shares traded.  RBL’s shares were traded at an MWAP of $116.9, which showed a decrease of $5.1 from its previous close of $122.0. RBL’s trades contributed 1.53% ($290,250) of the total consideration. RBL’s first three trades totalling 1,800 shares were at $122.0, its fourth trade of 100 shares was at $105.0, its fifth trade of 150 shares was at $101.0 while its sixth and seventh trades totalling 450 shares were at $100.0


Best bid:    The highest price that a buyer is willing to pay for a security.

Best offer: The lowest price at which a seller is offering to sell securities.

Contact Information: Tel: 223 – 6175/6




1 – Interim Results

2 – Prospective Dividends

3 – Shows year-end EPS but Interim Dividend

20130125financialsEPS: earnings per share for the 12-month period to the date the latest financials have been prepared. These include:

2005 – Final results for GTI.

2008 – Final results for PHI.

2011 – Final results for RDL.

2012 – Interim results for TCL, CCI, DDL, DTC, BTI, GSI, JPS and SPL.

2012 – Final results for DIH, CBI, DBL and RBL.

As such, some of these EPS calculations are based on un-audited figures.

P/E Ratio: Price/Earnings Ratio = Last Trade Price/EPS

Dividend yield = Dividends paid in the last 12 months/last trade price.

GO-Invest Headquarters

GO-Invest not equipped to fulfil its mandate, PSC says

Private Sector Commission (PSC) believes that the Guyana Office for Investment (GO-Invest) is ill-equipped to effectively execute its mandate at this time and is unlikely to be able to do so unless it becomes free to attract its own international funding.

Central bank rules limit commercial bank lending

Development Bank still relevant – PSC

While the risk-averse nature of commercial banks’ lending policies have helped to keep the country’s financial system viable and sound in the face of banking crises in other countries, “rigid central bank restrictions” on commercial bank lending have limited expansion, the Private Sector Commission (PSC) says.

David Falconer

Reflecting on three years of the Credit Bureau

By David Falconer Three years into its introduction the local Credit Bureau seems set to reshape the country’s financial landscape, more particularly, to forever alter the procedures associated with lending.

Parliament View Vendor Oneika Douglas

Parliament View vendors see the over reduced conditions

What has come to be known as Parliament View Mall—the description could hardly be more inappropriate—is a hotbed of muted but ill-concealed resentment amongst the more than 100 vendors evicted from the Stabroek Market Square three months ago to their new, decidedly unappealing location.

Raymond Trotz

October festival poised to raise profile of local coconut industry

Guyana’s first ever coconut festival, billed for October, is poised to do more than any previous initiative to raise awareness of the importance of the product, Chairman of the National Stakeholders Forum for Coconut Development Raymond Trotz has said.

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Corruption present in counterfeit, expired goods import – Public Health Ministry source

As increasing numbers of cases of importation of counterfeit and/or expired goods, particularly milk, drugs, items of food and medical devices continue to show up on the local radar, a reliable Public Health Ministry source has told Stabroek Business that it is rife with corruption, adding that the authorities no longer appear to have “reliable control” over the integrity of several consignments of consumer goods imported into the country.


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