Stock Market update
Guy Americas Merchant Bank begins trading
Stabroek News
July 2, 2004
Guy Americas Merchant Bank began trading this week on the stock exchange bringing the number of brokers to four. This week's trading session also marks the first year of trading. To date, 568 trades were executed for 9,361,710 shares that changed hands for a consideration of G$92,913,561.
The market spent the better part of this week's session bouncing around unchanged on a lighter volume compared to the previous week with prices being kept within previous trading ranges. Trading showed a consideration of $1,222,542 from 145,485 shares compared to the previous week's result of 1,282,767 shares at a total consideration of $10,156,077. Four stocks were active this week namely DDL, DTC, BTI and DIH.
DDL stocks got off to a strong start this week trouncing analyst expectations by climbing to an opening price of $8.0 and remaining buoyant throughout the trading session. DDL trades involved 20,851 (14.3%) shares which were traded at a Weighted Mean Average Price, WMAP of 8.0 and contributed $166,808 (15%) to the total consideration.
In sharp contrast to DDL, DIH stocks experienced a sharp sell-off due to weak demand with a total of 120,726 DIH shares changing hands at $4.9 and $4.8. The DIH shares traded, represented 83% of the total shares and 52.5% of the total consideration ($584,454) with the Weighted Mean Average Price, WMAP being $4.8. DIH shares begun trading at $4.9 during the 53rd trading session and quickly fell to $4.8 after which there was no further sign of recovery.
A total of 2,000 BTI shares changed hands at $28.0, up $2.0 from the previous close when 2000 shares changed hands and accounted for $56,000 of the total consideration.
Finally, trading in DTC involved 1645 (1.1%) shares which were traded at a Weighted Mean Average Price, WMAP of $160 and contributed $305,280 (27.4%) to the total consideration.
Notes
1 - Interim results
2 - Prospective
EPS: earnings per share for the 12-month period to the date the latest financials have been prepared (2003 year end for BTI, DDL, DTC; 2003 Interim for GSI; 2002 for CCI and the 2004 Interim results for CBI, DBL, NBI, and DIH & JPS). As such the majority 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 1ast 12-month / last trade. The dividends paid in respect of the 12-month period immediately prior to the trading session.
*The market information provided here is provided for informational and educational purposes only and is provided on a time delayed basis. GASCI does not guarantee the accuracy or completeness of any information contained on this page. Although the information has been obtained by GASCI from sources believed to be reliable, it is provided on an "as is" basis without warranties of any kind. GASCI assumes no responsibility for the consequences of any errors or omissions. GASCI does not make or has not made any recommendation regarding any of the securities issued by any of the companies identified here nor the advisability of investing in securities generally for any particular individual.