Stock Market update
Rally ends as DIH and DDL prices back off - DTC now second largest company by market capitalisation
Business September 10, 2004
Stabroek News
September 10, 2004
DIH and DDL prices both backed off this week as trading volumes reverted to pre-August averages. The falls (4.1% and 1.3% respectively) were more than enough to outweigh the gains on BTI (up 2.4%) and NBI (up 0.9%) and ended the series of five consecutive gains. The fall in DIH price means that for the first time since trading began on the exchange DIH is no longer the second largest company as measured by market capitalisation (number of shares issued times share price). DTC now holds the number two spot behind DDL pushing DIH into third. The market closed down 0.87% or 9.4 index points at 1071.0.