Guyanese stock market continues to grow

PORT OF SPAIN, Trinidad - As at December 2011, the market capitalisation of shares on the Guyana Stock market (GASCI) was G$89.48 billion. This valuation improved to G$123.41 billion as at December 2012, or by a margin of almost 38 per cent. Briefly, as at the end of October 2012, the valuation was even higher at G$125.84 billion.
Two of the shares that produced the strongest gains were Caribbean Containers Inc and Demerara Tobacco Company Ltd. Caribbean Container advanced from its December 2011 price of G$4.80 to end 2012 at G$10.00, delivering a price improvement of G$5.20 or 108 per cent. In a similar vein, Demerara Tobacco (DTC) also delivered a triple digit gain of 101 per cent; in this case, DTC’s share price improved by G$414.00 to end 2012 at G$825.00.
Guyana Bank for Trade and Industry also produced a strong performance. In this case, BTI’s price advanced by 67 per cent to end at G$460.00. This represented a gain for the year of G$185.00 over the December 2011 price of G$275.00.