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Financial Market Brief 17 March 2017
The local market ended this week with 86,007 shares crossing the exchange with 20 trades to accumulate a value of $542,103.16. The BISX All-Share Index lost 12.2 points or 0.64 percent to end the week at 1,904.31. Year to date the Index is down 33.90 points or 1.75 percent. This week’s volume leader was AML Foods Ltd. (AML) moving 43,007 shares in 5 trades to accumulate a value of $188,370.66 and value leader was FOCOL (FCL) moving 31,000 shares in 4 trades to accumulate a value of $286,750.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 50 shares in 1 trade, Fidelity Bank (FBB) - 750 shares in 3 trades, Cable Bahamas (CAB) - 7,000 shares in 2 trades, Colina Holdings Ltd. (CHL) - 2,600 shares in 2 trades, Doctors Hospital (DHS) - 400 shares in 1 trade, FamGuard (FAM) - 200 shares in 1 trade and FINCO (FIN) - 1,000 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 10 March 2017
The local market ended this week with 62,242 shares crossing the exchange with 41 trades to accumulate a value of $520,086.17. The BISX All-Share Index gained 10.48 points or 0.55 percent to end the week at 1,916.51. Year to date the Index is down 21.70 points or 1.12 percent. This week’s volume and value leader was FINCO (FIN) moving 18,570 shares in 15 trades to accumulate a value of $188,958.80. The remaining volume this week was attributed to: AML Foods Limited (AML) - 299 shares in 1 trade, Arawak Cay Port Development Ltd. (APD) - 445 shares in 3 trades, Bahamas Waste Ltd. (BWL) - 200 shares in 1 trade, Cable Bahamas (CAB) - 17,583 shares in 6 trades, Colina Holdings Ltd. (CHL) - 2,945 shares in 1 trade, Commonwealth Bank Ltd. (CBL) - 15,800 shares in 7 trades, FamGuard (FAM) - 200 shares in 2 trades, FOCOL (FCL) - 6,200 shares in 5 trades. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 3 March 2017
The local market ended this week with 13,365 shares crossing the exchange with 9 trades to accumulate a value of $134,192.95. The BISX All-Share Index lost 5.28 points or 0.28 percent to end the week at 1,906.03. Year to date the Index is down 32.18 points or 1.66 percent. This week’s volume and value leader was Commonwealth Brewery Ltd. (CBB) moving 5,650 shares in 4 trades to accumulate a value of $67,025.50. The remaining volume this week was attributed to: Bahamas Waste Ltd. (BWL) - 1,000 shares in 1 trade, Cable Bahamas (CAB) - 3,500 shares in 5 trades, Colina Holdings Ltd. (CHL) - 1,000 shares in 1 trade, Commonwealth Brewery (CBB) - 4,150 shares in 5 trades, Doctors Hospital (DHS) - 200 shares in 1 trade, Finco (FIN) - 430 shares in 2 trades, CIBC FirstCaribbean International Bank (CIB) - 5,000 shares in 1 trade and FOCOL (FCL) - 400 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 24 February 2017
The local market ended this week with 36,880 shares crossing the exchange with 26 trades to accumulate a value of $235,719.50. The BISX All-Share Index lost 4.91 points or 0.26 percent to end the week at 1,911.31. Year to date the BISX All Share Index is down 26.90 points or 1.39 percent. This week’s volume leader was Benchmark (Bahamas) Ltd. (BBL) moving 10,000 shares in 2 trades to accumulate a value of $1,200.00 and the value leader was Commonwealth Bank Ltd. (CBL) moving 9,200 shares in 5 trades to accumulate a value of $96,416.00. The remaining volume this week was attributed to: Bahamas Waste Ltd. (BWL) - 1,000 shares in 1 trade, Cable Bahamas (CAB) - 3,500 shares in 5 trades, Colina Holdings Ltd. (CHL) - 1,000 shares in 1 trade, Commonwealth Brewery (CBB) - 4,150 shares in 5 trades, Doctors Hospital (DHS) - 200 shares in 1 trade, Finco (FIN) - 430 shares in 2 trades, CIBC FirstCaribbean International Bank (CIB) - 5,000 shares in 1 trade and FOCOL (FCL) - 400 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
Financial Market Brief 17 February 2017
The local market ended this week with 396,679 shares crossing the exchange with 30 trades to accumulate a value of $1,753,988.51. The BISX All-Share Index gained 12.85 points or 0.68 percent to end the week at 1,916.22. Year to date the Index is down 21.99 points or 1.13 percent. This week’s volume and value leader was AML Foods Ltd. (AML) moving 352,000 shares in 8 trades to accumulate a value of $1,541,760.00. The remaining volume this week was attributed to: Arawak Cay Port Development Ltd. (APD) - 125 shares in 2 trades, Bank of the Bahamas (BOB) - 84 shares in 1 trade, Cable Bahamas (CAB) - 37,570 shares in 10 trades, Colina Holdings Ltd. (CHL) - 1,600 shares in 2 trades, Commonwealth Brewery (CBB) - 150 shares in 1 trade, Commonwealth Bank Ltd. (CBL) - 1,900 shares in 1 trade, Doctors Hospital (DHS) - 1,500 shares in 1 trade, CIBC FirstCaribbean International Bank (CIB) - 700 shares in 2 trades and J. S. Johnson (JSJ) - 50 shares in 1 trade. Read More... Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap
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
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