Rawle Lucas

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LUCAS STOCK INDEX  The LSI declined 4.84 percent in the fourth week of trading in March 2012.  The decline was on account of a 9.33 percent drop in the price of the stock of Banks DIH (DIH) and the light trading on the exchange this week.  The stocks of DIH were joined by those of Demerara Distillers Limited (DDL) in trading this week, with the latter showing no change.  The loss pushed the index down to just 2.43 points above the Treasury yield.

Wanted: Public Assistance

Public Accountability Most times when there is an appeal for public assistance, it is the Police seeking help finding a suspect or some vulnerable community or needy individuals in search of government aid. 

LUCAS STOCK INDEX LSI  The LSI rose 0.10 percent in the second week of trading in March 2012.  The slight gain was achieved on account of a strong showing by the stock of Demerara Tobacco Company (DTC) which rose 9.49 percent, and with aid from Demerara Distillers Limited (DDL) which rose 0.94 percent.  The stock of Sterling Products Limited (SPL) remained unchanged.  The gain was lowered by the stock of Demerara Bank Limited (DBL) which fell 7.14 percent.   As a result, the index returned to positive territory this week.

Attitudes and the exchange rate

Sudden Obsession The issue of the value of the Guyana dollar versus other currencies keeps popping up lately in conversations at socials and on the street. 

LUCAS STOCK INDEX   The LSI rose by 0.2 percent in the second week of trading in February 2012.  Only the stocks of Banks DIH and Demerara Distillers Limited (DDL) traded this week and they both rose by nearly one percent.  As a result, the index recorded its edged up this week and reversed the declining trend of the last two weeks.

Considerable Differences

Differing Impressions After listening to the Presi-dent’s speech before the Parlia-ment last Friday, it was easy to see why many Guyanese were left with differing impressions of his remarks. 

LUCAS STOCK INDEX   The LSI declined by 2.39 percent in the first week of trading in February 2012.  The stocks of Demerara Bank Limited (DBL) declined by 16 percent while that of Demerara Distillers Limited (DDL) declined by nearly one percent.  The rise of the stocks of Guyana Bank for Trade and Industry (BTI) by four percent was insufficient to compensate for the losses.  As a result, the index recorded its largest decline for the year.

Drained and Irritated

Intentions At a sitting of the National Assembly today, the country was likely to hear the views and vision of President Ramotar as he addresses the members of the august parliamentary institution. 

LUCAS STOCK INDEX   The LSI declined by 0.55 percent in the fifth week of trading in January 2012.  The stock of Banks DIH (DIH) rose 8 percent while that of Republic Bank Limited (RBL) declined by 5.26 percent.  The other two stocks Demerara Bank Limited (DBL) Demerara Distillers Limited (DDL) showed no movement in price.  As a result, the index has recorded a 3.6 percent gain for the year.

A tough year for micro lenders

Dedicated Sometime in the not too distant future, the Institute for Private Enterprise Development (IPED) will hold its 26th Annual General Meeting to discuss the performance of the organization over the last year, and most likely attend to other housekeeping matters. 

LUCAS STOCK INDEX LSI  The LSI rose 0.21 percent to 153.99 in trading in the second week of January 2012.  Positive movement was caused by the stocks of Demerara Distillers Limited (DDL) which gained 2.8 percent while the stock price of Caribbean Container Incorporated (CCI) declined by 6.25 percent. The stocks of Banks DIH (DIH) remained unchanged from the previous week.  As a result, the LSI recorded a second week of gain to keep the index moving in an upward direction.

Starting afresh

Focusing Belated New Year’s greetings to all Guyanese and in particular to the readers of the Stabroek News and its Business Section!

LUCAS STOCK INDEX At the time of preparation, there were no stock trades for the last trading period in November.  Consequently, the trading information remains the same as last week.

The morning after (cont’d)

Digest Even though the waiting might be over, Guyanese will still need to digest the implications of the election results for themselves and the country as a whole. 

The morning after

Living Conditions Quite recently, the World Bank, in a September update of an online report, observed that Guyana would not meet the goal of poverty eradication as required by the Millennium Development initiative. 

LUCAS STOCK INDEX  The LSI gained 0.40 percent in trading this week on the Guyana Stock Exchange.  The stocks of Caribbean Container, Inc (CCI), Demerara Bank Limited (DBL), Demerara Distillers Limited (DDL) and Guyana Bank for Trade and Industry (GBTI) traded during the week.  The strong showing of BTI stocks (4.35%) helped to push the index upwards.  DDL fell nearly one percent while the stock price of CCI and DBL remained unchanged.   Despite the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remained below 20 percentage points.

The mixing bowl

Weak The current administration was aware of the need to push investment in Guyana in an effort to grow the economy and to create jobs, and was engaged in several courses of action to achieve economic diversification through investment. 

LUCAS STOCK INDEX The LSI has been unable to gain any traction in recent trading on the Guyana Stock Exchange and ended the last trading period in October 2011 half a percent lower than last week.  The value of Banks DIH (DIH) shares fell 3.2 percent while the other two stocks that traded, Demerara Bank Limited (DBL) and Demerara Distillers Limited (DDL), remained unchanged.  As a result, the spread between the index and the risk-free Treasuries due to mature in December 2011 fell further below 20 percentage points.

A weak supply chain

Source of Concern The condition of the sugar industry continues to be a source of concern to many Guyanese. 

LUCAS STOCK INDEX The LSI regained the value that it lost last week to reach 143.18.  Trading activity this week involved the stocks of Banks DIH (DIH), Demerara Distillers Limited (DDL) and Demerara Bank Limited (DBL).  The first two remained unchanged while the stocks of DBL increased by 3.90 percent to help push the index up.  Notwithstanding the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remain below 20 percentage points.

The forgotten sector

Unique The United Nations (UN) will launch the International Year of Cooperatives (IYC) on October 31, 2011 and there is no publicly available evidence that Guyana is ready to join that effort with its own initiative. 

LUCAS STOCK INDEX  The LSI edged up by 0.82 percent in trading this week.  The stocks of Banks DIH (DIH) and Guyana Bank for Trade and Industry (BTI) rose 4.17 percent and 1.77 percent respectively while that of Demerara Distillers (DDL) remained unchanged.  Despite the positive movement, the spread between the index and the risk-free Treasuries due to mature in December 2011 remained below 20 percentage points.

A dubious human resource policy

Migrant Workers Despite the happy talk of the administration, the current model of development might not be enough to carry Guyana into the future.

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