The market revived after a sluggish period of three weeks as investors jumped back into action and generated a positive momentum, hopefully sustainable over the long term.
Session 69 trading results showed a consideration of $7,799,819.6 from 402,573 shares traded, compared to the previous week's result of 25,525 shares at a total consideration of $215,383. Seven (7) stocks were active this week namely BTI, DDL, DIH, DTC, GSI, NBI and SPL.
Trading in DTC involved 32,544 (8.1%) shares, which traded at a Mean Weighted Average Price, MWAP of $168.8, and contributed $5,492,480 (70.4%) to the total consideration.
Shares in the tobacco company begun trading at $160, trailing the previous close by $17.5 and improved to $170 before the session ended.
DIH stocks sunk to a new session low of $4.3, down $0.10 from the previous session but represented 51.2% of the shares traded. Trades in DIH involved 206,000 shares and added $885,800 (11.4%) to the total consideration. For DDL, 137,517 shares changed hands at a Mean Weighted Average Price, MWAP of $7.3, showing change from the previous close. The DDL shares traded, represented 34.2% of total shares and 12.9% of the total consideration ($1,003,874).
Trading in BTI shares accounted for 0.7% of the total shares and 1.1 % of the consideration.
For the local bank, 3,000 shares traded at $29, same price as the previous session and contributed $87,000 to the total consideration. Five trades in NBI involved 18,224 shares (4.5%), which were traded at a Mean Weighted Average Price, MWAP of $11.4, down $0.40 from the previous close and contributed $207,563.60 (2.7%) to the total consideration.
Guyana Stockfeeds, GSI ended a short layoff and begun trading at $14.9, up $0.40 from the previous close, ascending further to $15.0 before the close of the session. The 4,000 GSI shares traded, represented 1% of total shares and 0.8 % of the total consideration ($59,800).
Finally, trades in Sterling Products, SPL posted a consideration of $63,112 from 1,288 shares traded at $49.0, each, down $1.0 compared to the previous close.
Latest information can be obtained from the website WWW.GASCI.COM or by calling the Stock Exchange on either telephone numbers 223-6175-6.
Notes
1 - Interim results
2 - Prospective
EPS: earnings per share for 12-month period to the date the latest financials have been prepared. These include 2003 for CCI and GTI; 2004 Interim results for NBI, BTI, CBI, DIH, JPS, DTC, SPL, DBL and DDL. 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 last 12 months / last trade. The dividends paid in respect of the 12-month period immediately prior to the trading session.