An inconsistent performer

LUCAS STOCK INDEX LSI The LSI lost 0.61 percent in trading in the third week of May 2012. Two of the three stocks that traded lost value. Banks DIH (DIH) lost 1.38 percent while Demerara Bank Limited (DBL) gave back almost all the gains of last week in losing 3.12 percent of its value. Demerara Distillers Limited (DDL) eked out a gain of 0.92 percent to record the only positive movement by stocks this week. As a result, the difference between the index and the yield of the 364-day Treasury Bills fell below five percentage points.

Needed Focus

With the service sector accounting for two-thirds of the output of the economy, the behavior of major industries in that sector deserve some attention.  The needed focus becomes even more critical when the industry is important not only to the sector, but also to the economy as a whole, as in the case of the construction industry.  Where Guyana is concerned, it would be hard to ignore the impact of the construction industry on the country since it is the second largest component of the service sector, and a major driver of economic change in the economy.  At 10 percent of the economy and 15 percent of the service sector, the industry has grown in importance over the years.  It now generates output, twice that of the education industry,