For most people, September is a time when the days are very hot and children go back to school. For investors, it usually marks the beginning of a rout in the stock market.
Session 63 trading results showed a consideration of $1,030,380 from 65,873 shares traded compared to the previous week's result of 487,000 shares at a total consideration of $7,086,200 . Seven (7) stocks were active this week namely BTI, DDL, DTC, DIH, GSI, NBI and SPL. This session marks the first time seven issues were traded.
DIH stocks traded at $4.7, down $0.20 from the previous close but their volumes ran at anemic levels due to investors' hesitation to buy. Overall, DIH trading involved 46,000 shares, which traded at a Mean Weighted Average Price, MWAP of $4.7 and contributed $216,200 (21%) to the total consideration. For DDL, 10,000 shares changed at a Mean Weighted Average Price, MWAP of $7.9 generating a consideration of $78,500.
Guyana Stockfeeds , GSI marked its fifth (5th) trade on Monday after along layoff since May 4,2004 but holding steady at $13.0 . The 2,500 GSI shares traded, represented 3.8 % of total shares and 3.2 % of the total consideration ($32,500). For the local bank, GBTI 1,000 BTI shares were traded at $30.0, up $0.50 from the previous session and contributed $30,000 to the total consideration. A single trade in NBI saw 1,000 shares changing hands at $11.8, up $0.10 from the previous close.
Meanwhile, trading in DTC involved 3,021 (4.6 %) shares, which were traded at a Mean Weighted Average Price, MWAP of $180, same as the previous close and contributed $543,780 (52.8%) to the total consideration. Finally, trading in Sterling Products, SPL posted a consideration of $117,600 from 2,352 shares traded at $50.0, each.
Latest information can be obtained from the website WWW.GASCI.COM or by calling the Stock Exchange on telephones 223-6175/6. Members of the public wishing to trade their shares must contact any one the four brokers listed below.