MORE than $400,000 worth of shares from Demerara Tobacco Company Ltd. (DTC) was traded on the local Stock Exchange market yesterday despite the fact that beverage giants Demerara Distillers Limited (DDL) and Banks DIH Limited each traded more shares on the market than DTC.
According to the 'Market Journal' (financial chart) provided by the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI), the company which operates the local stock market, nine out of the 16 transactions yesterday were for shares in DDL while only three transactions were for DTC and one for Banks DIH Ltd.
A total of 17,800 shares belonging to DDL were traded on the market yesterday at prices ranging between $6.90 and $7.20 for a total value of $126,000. However, DTC's three transactions involved less shares (9,676), which were traded at a price of $42 each, far higher than the prices of DDL shares.
The sole transaction yesterday for Banks DIH Limited was worth $66,000 involving 10,000 shares, which were traded at $6.60 each.
The National Bank of Industry and Commerce Limited (NBIC) also recorded one transaction, which involved 1,000 shares being traded at $14 each ($14,000).
Citizens Bank Guyana Incorporated had two transactions involving 2,000 shares each. The 4,000 shares the bank traded was sold at a price of $13 each for a total value of $52,000.
Overall, yesterday's session was another busy one for the stock market, with the 16 transactions involving a total of 42,476 shares of five companies for a total worth of $665,062.
The trading session last week was also relatively busy. At that session, 184,540 shares were traded on the exchange with the total value of those shares being $3,182,630.