Stock Market update
Stocks rally on after sluggish week
Business September 17, 2004
Stabroek News
September 17, 2004
There was not a huge amount of trading volume this week, but it was heavier than last week's volume showing a five per cent (5%) increase in activity.
Session 64 trading results showed a consideration of $336,098.20 from 69,217 shares traded compared to the previous week's result of 65,873 shares at a total consideration of $1,030,380. Three (3) stocks were active this week namely DDL, DIH and NBI.
DIH stocks traded at $4.6, down $0.10 from the previous close but fared well in terms of activity level compared to DDL and NBI, which traded at low volumes. Overall, DIH was the most active stock and trading involved 66,217 (95.7%) shares, which traded at a Mean Weighted Average Price, MWAP of $4.6 and contributed $304,598.20 (90.6%) to the total consideration.
For DDL, 1,000 shares changed at a Mean Weighted Average Price, MWAP of $7.9. The DIH shares traded, represented 1.4 % of total shares and 2.4 % of the total consideration ($7,900).
Finally, two trades in NBI involved 2000 shares (2.9%), which were traded at a Mean Weighted Average Price, MWAP of $11.8, same as the previous close and contributed $23,600 (7.0%) to the total consideration.
Latest information can be obtained from the website WWW.GASCI.COM or by calling the Stock Exchange on either telephone numbers 223-6175/6.