Trading on the stock exchange was light yesterday with only five trades being made for a total value of $68,550.

Demerara Distillers Limited (DDL) saw 9,000 shares traded at $6.50 for a total value of $58,500 while Banks DIH Limited had one trade of 1,500 shares at $6.70.

Trading took place at the offices of the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI), which had its official launching last Thursday. The low level of activity will be worrying for the exchange which wants to become self-sustaining in the near future.

Shares remaining for future trading are 3,554,000 in Banks DIH Limited at a best offer (best price at which one is prepared to sell) of $6.80; 633,000 of DDL with a best offer of $6.50; 130,000 of the National Bank of Industry and Commerce Limited (NBIC) at a best offer of $14 and 10,000 of the Guyana Bank for Trade and Industry (GBTI) with a best offer of $25. Property Holdings Inc. had offers for 5,000 shares at a price of $6.

Demerara Bank Limited had 620,000 shares receiving bids at a best bid (best price at which one is prepared to buy) of $1.20 while 100,000 shares of Citizens Bank Guyana Inc. had a best bid of $10.50. There were offers to buy 39,000 Demerara Tobacco Company’s shares at $44 up from $42, where it had been for some time now. Guyana Stockfeeds Inc. had bids for 1,000 of its shares at a best bid of $15 and Sterling Products Limited saw bids coming in for 10,000 shares at a best bid of $15. Trading continues on Monday at 10 am.