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Financial Market Brief 10 February 2017
The local market ended this week with 42,319 shares crossing the exchange with 20 trades to accumulate a value of $212,162.28. The BISX All-Share Index lost 1.54 points or 0.08 percent to end the week at 1,903.37. Year to date the Index is down 34.84 points or 1.80 percent. This week’s volume and value leader was Cable Bahamas Ltd. (CAB) moving 19,700 shares in 4 trades to accumulate a value of $76,800.00. The remaining volume this week was attributed to: AML Foods Limited (AML) - 3,333 shares in 1 trade, Bahamas Waste Ltd. (BWL) - 7,248 shares in 6 trades, Fidelity Bank (FBB) - 3,000 shares in 1 trade, Commonwealth Brewery (CBB) - 838 shares in 1 trade, Doctors Hospital (DHS) - 2,200 shares in 2 trades, FamGuard (FAM) - 1,000 shares in 1 trade, CIBC FirstCaribbean International Bank (CIB) - 3,000 shares in 2 trades and FOCOL (FCL) - 1,000 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 3 February 2017
Where did the VAT Money Go? “Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.” Carl Levin Amidst the heated debate about the Value Added Tax (“VAT”) receipts, this column decided to bring clarity to the argument and seek to help readers better understand the state of the country’s finances. The colloquial question above was inspired by the Jr. Minister of Finance, Mr. Michael Halkitis, during the Progressive Liberal Party’s (“PLP”) 2017 Convention. He coined the phrase “that’s where the VAT money gone” in an attempt to account for the over $1.10 billion dollars collected in VAT receipts since January 01, 2015. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 27 January 2017
The local market ended this week with 38,285 shares crossing the exchange with 16 trades to accumulate a value of $285,731.80. The BISX All-Share Index lost 7.11 points or 0.37 percent to end the week at 1,912.76. Year to date the Index is down 25.45 points or 1.31 percent. This week’s volume leader was Cable Bahamas Ltd. (CAB) moving 17,300 shares in 5 trades to accumulate a value of $77,830.00 while the value leader was Commonwealth Bank Ltd. (CBL) moving 17,075 shares in 4 trades to accumulate a value of $179,287.50. The remaining volume this week was attributed to: AML Foods Limited (AML) - 1,000 shares in 1 trade, Arawak Cay Port Development Ltd. (APD) - 100 shares in 1 trade, Bahamas Waste Ltd. (BWL) - 100 shares in 1 trade, Colina Holdings Ltd. (CHL) - 710 shares in 3 trades and FOCOL (FCL) - 2,000 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 20 January 2017
The local market ended this week with 86,150 shares crossing the exchange with 18 trades to accumulate a value of $705,881.00. The BISX All-Share Index lost 2.63 points or 0.137 percent to end the week at 1,919.89. Year to date the Index is down 18.32 points or 0.945 percent.This week’s volume and value leader was ICD Utilities Ltd. (ICD) moving 29,000 shares in 1 trade to accumulate a value of $200,100.00. The remaining volume this week was attributed to: Bahamas Waste Ltd. (BWL) - 800 shares in 1 trade, Fidelity Bank (FBB) – 3,000 shares in 1 trade, Cable Bahamas (CAB) – 12,000 shares in 2 trades, Commonwealth Brewery (CBB) – 11,300 shares in 3 trades, Commonwealth Bank Ltd. – 13,550 shares in 6 trades, CIBC First Caribbean International Bank (CIB) – 1,500 shares in 2 trades, and FOCOL (FCL) – 15,000 shares in 2 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 13 January 2017
The Government of the Bahamas is approximately three and a half years into its ‘medium-term fiscal consolidation plan’ which it initiated at the beginning of the 2013/14 fiscal year (FY). The intent of the plan as articulated by the Minister of Finance and Prime Minister, Mr. Perry Christie, during the 2013/14 Budget Communication was to “eliminate the GFS Deficit and return the Government’s finances to surpluses; reverse the Government’s primary balance position from a deficit to a surplus; enhance economic growth and employment prospects; reform the country’s tax system with the implementation of Value Added Tax (VAT) and the modernization of the real property tax system; establish a Central Revenues Agency; and reduce the burden of public debt over time”. In assessing the Government’s performance, as it relates to the country’s fiscal position, it is important to first define fiscal consolidation. The term fiscal consolidation refers to “concrete policies aimed at reducing government deficits and debt accumulation”. Notwithstanding the government’s ambitious stance on improving the country’s public finances, it has a long way to go in stabilizing or reducing the debt share and deficit levels and putting the country’s finances on a path to improved economic health. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 6 January 2017
The local market ended this week with 11,615 shares crossing the exchange with 9 trades to accumulate a value of $122,269.45. The BISX All-Share Index lost 17.24 points or 0.89 percent to end the week at 1,920.97. Year to date the Index is down 17.24 points or 0.89 percent. This week’s volume and value leader was FINCO (FIN) moving 4,500 shares in 1 trade to accumulate a value of $49,275.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 115 shares in 1 trade, Bahamas Waste Ltd. (BWL) - 500 shares in 1 trade, Fidelity Bank (FBB) - 1,000 shares in 1 trade, Commonwealth Brewery (CBB) - 1,500 shares in 2 trades and Commonwealth Bank Ltd. (CBL) - 4,000 shares in 3 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 16 December 2016
The local market ended this week with 102,980 shares crossing the exchange with 21 trades to accumulate a value of $632,200.15. The BISX All-Share Index lost 6.58 points or 0.339 percent to end the week at 1,933.05. Year to date the Index is up 109.10 points or 5.982 percent. This week’s volume leader was Doctors Hospital Ltd (DHS) moving 47,950 shares and value leader was Commonwealth Bank Ltd (CBL) moving 40,000 shares in 10 trades to accumulate a value of $412,234.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 115 shares in 1 trade, Fidelity Bank (FBB) – 1,500 shares in 1 trade, Colina Holdings Ltd. (CHL) – 1,490 shares in 4 trades, Finco (FIN) – 8,125 shares in 2 trades, FOCOL (FCL) – 2,000 shares in 1 trade and ICD Utilities (ICD) – 1,800 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Happy Holidays
FROM THE STAFF AND MANAGEMENT OF CFAL The friendship of those we serve is the foundation of our success. May your Christmas be bright and your New Year filled with hope. We thank you for your support and loyalty in 2016 and invite you to share with us as we enter our 20th year of service in 2017. HappyHolidays2016TN
Financial Market Brief 2 December 2016
The local market ended this week with 23,497 shares crossing the exchange with 12 trades to accumulate a value of $242,843.90. The BISX All-Share Index gained 0.68 points or 0.04 percent to end the week at 1,943.06. Year to date the Index is up 119.11 points or 6.53 percent. This week’s volume and value leader was FINCO (FIN) moving 17,667 shares in 4 trades to accumulate a value of $193,702.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 230 shares in 3 trades, Benchmark Bahamas Ltd. - 800 shares in 1 trade, Fidelity Bank (FBB) - 3,000 shares in 1 trade, Commonwealth Brewery (CBB) - 500 shares in 1 trade and Commonwealth Bank Ltd. - 1,300 shares in 2 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 25 November 2016
The local market ended this week with 113,302 shares crossing the exchange with 16 trades to accumulate a value of $155,256.10. The BISX All-Share Index gained 6.87 points or 0.35 percent to end the week at 1,942.38. Year to date the Index is up 118.43 points or 6.49 percent. This week’s value leader was Bank of The Bahamas Ltd. (BOB) moving 22,000 shares in 1 trade to accumulate a value of $38,940.00 and volume leader was Benchmark Bahamas Ltd. (BBL) moving 74,000 shares in 6 trades to accumulate a value of $8,880.00. The remaining volume this week was attributed to: Bahamas Waste Ltd. (BWL) - 9,952 shares in 2 trades, Fidelity Bank (Bahamas) Ltd. (FBB) - 3,000 shares in 1 trade, Finco (FIN) - 3,350 shares in 5 trades and Focol Holdings Ltd. (FCL) - 1,000 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
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CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010

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