LUCAS STOCK INDEX LSI
In week one of July 2012, the Lucas Stock Index (LSI) rose 1.71 percent. The lift in the index was provided by the continued strong performance of the stocks of Guyana Bank for Trade and Industry (BTI) which recorded a seven percent gain in value, and that of Demerara Distillers Limited (DDL) with a six percent expansion. Banks DIH (DIH) added to the gain with a one percent increase. In the meanwhile, trades by Caribbean Container Inc (CCI), Demerara Bank Limited (DBL) and Republic Bank Limited (RBL) produced no gain this week. As a result, the LSI continues its upward movement and now exceeds the yield of the 364-day Treasury Bills by more than 16 percentage points.
By Rawle Lucas
Reluctance
Guyanese are going through a catharsis brought on by the new distribution of political power and a growing sense that their new found influence will eventually break down the stone wall of corruption that was built under the previous administration. For the most part, Guyanese appear satisfied with their new position of influence, even though the administration has not accepted this reality. Quite noticeably, the current administration has been thrown off balance with the need to provide greater accountability to the people through the National Assembly, and to bring under control the corruption,
