Trading on the Guyana Asso-ciation of Securities Com-panies and Intermediaries (GASCI), Guyana’s stock exchange, has been temporarily suspended as of yesterday, according to an advertisement in the press on Saturday.
The notice in the press and on GASCI’s website said: “The Board of Directors of the Guyana Association of Securities Companies and Intermediaries Inc (GASCI) at its meeting held on January 23, 2008 decided to suspend trading on the stock exchange from Monday, January 28, 2008 until further notice.”
When contacted yesterday, Chairman of GASCI’s Board of Directors Nikhail Ramkarran declined to say what the issue was that led to the suspension of trading and told this newspaper that the board would make a full disclosure explaining its decision shortly.
Trading on the stock exchange commenced in mid 2003 with about 12 companies’ shares being traded by three stock brokers – Beharry Stockbrokers Limited, Trust Company (Guyana) Limited and GNCB Trust Corpo-ration.
