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Financial Market Brief Jan 29 2016
At the centre of the 2008 global financial crisis was the subprime mortgage crisis, which was caused by reckless borrowing standards and a lenient regulatory environment. Given the interconnectedness of the global economy, the financial crisis spilled over into other economies including the Bahamas. The economic growth rate declined, unemployment increased and the country’s national debt as a percentage of Gross Domestic Product (GDP) skyrocketed from 38.96% in 2008 to currently 76.51%. These factors, and others, resulted in the Bahamas’ own mortgage crisis. Up to November 2015, total private sector loan arrears stood at $1.2B or 20.0% of total loans. Of this amount, loans in default for 90 days or more, also referred to as nonperforming loans, totalled $890.3M or 14.8% of total private sector loans. Weekly_Market_Recap_29-Jan-2016 Click here for full Weekly Market Recap
Financial Market Brief Jan 22 2016
Following a brief cooling off period, the Universal Healthcare debate rages on as registration for the scheme began this week. What should have been a healthy national discussion, involving all stakeholders, about the design, costs, benefits, and implementation of the proposed Universal Healthcare scheme, has deteriorated into a heated and emotionally charged debate. For the good of the Bahamian people and the Bahamian economy, the government, along with all healthcare providers and administrators should be encouraged to set aside their individual agendas and devise a strategy that will truly reform the country’s healthcare system.. Weekly_Market_Recap_22-Jan-2016 Click here for full Weekly Market Recap
Financial Market Brief Jan 15 2016
An important economic indicator for assessing the Bahamian economy is tourism arrivals and expenditure. According to the latest statistics released by the Ministry of Tourism, the Bahamas welcomed 4,983,369 visitors to its shores up to October 2015. Air arrivals were up 4.5% and accounted for 23.54% or 1,172,820 visitors, while sea/cruise arrivals were down 5.3% and represented 76.46% or 4,022,713 visitors. Overall, visitor arrivals to the Bahamas declined by 3.1% through to October 2015. The hotel sector however, recorded robust growth during the period with occupancies up 3.1 percentage points to 70.7% and Average Daily Rates (ADR) growing 6.0% to $249.76. Weekly_Market_Recap_15-Jan-2016 Click here for full Weekly Market Recap
Financial Market Brief Jan 8 2016
As we enter the New Year, we are cautiously hopeful that the economic challenges we experienced in 2015 can be reversed,and policymakers are able to put the country on a path of improved economic growth. To assist in keeping you, our readers, informed throughout the year, we will be assessing a set of economic indicators that are essential in measuring the health of the Bahamian economy. These include macroeconomic statistics that are used by investors to analyse how well a country is doing economically and to predict future economic performance. Weekly_Market_Recap_08-Jan-2016 Click here for full Weekly Market Recap
Weekly Market Recap June 4
The local market ended this week with 31,460 shares crossing the exchange over 15 trades to accumulate a value of $194,143.50. The BISX All-Share Index gained 0.44 points or 0.026 percent to end the week at 1,704.71. Year to date the Index is up 45.41 points or 2.737 percent. This week’s volume and leader was Focol Holdings Limited (FCL) trading 28,610 shares 7 trades to accumulate a value of $171,660.00. Weekly_Market_Recap_June_5_2015 Click here for full Weekly Market Recap
Weekly Market Recap May 29
The local market ended this week with 42,639 shares crossing the exchange over 32 trades to accumulate a value of $301,013.30. The BISX All-Share Index gained 7.03 points or 0.414 percent to end the week at 1,704.27. Year to date the Index is up 44.97 points or 2.71 percent. This week’s volume and leader was Commonwealth Bank Limited (CBL) trading 33,190 shares 11 trades to accumulate a value of $250,085.00. Weekly_Market_Recap_May_29_2015 Click here for full Weekly Market Recap
Weekly Market Recap May 22
The local market ended this week with 18,600 shares crossing the exchange with 8 trades to accumulate a value of $153,314.00. The BISX All-Share Index gained 6.69 points or 0.396 percent to end the week at 1,697.24. Year to date the Index is up 37.94 points or 2.287 percent. This week’s volume and leader was Commonwealth Bank Limited (CBL) trading 16,000 shares via 4 trades to accumulate a value of $119,936.00. Weekly_Market_Recap_May_8_2015 Click here for full Weekly Market Recap
Weekly Market Recap May 15
The local market ended this week with 16,338 shares crossing the exchange with 17 trades to accumulate a value of $117,157.93. The BISX All-Share Index gained 1.19 points or 0.07 percent to end the week at 1,690.55. Year to date the Index is up 31.25 points or 1.883 percent. This week’s volume and leader was Commonwealth Bank Limited (CBL) trading 12,347 shares via 9 trades to accumulate a value of $92,549.83. Weekly_Market_Recap_May_8_2015 Click here for full Weekly Market Recap
Weekly Market Recap May 8
The local market ended this week with 46,836 shares crossing the exchange over 15 trades to accumulate a value of $228,825.90. The BISX All-Share Index gained 5.18 points or 0.308 percent to end the week at 1,689.36. Year to date the Index is up 30.06 points or 1.812 percent. This week’s volume and leader was Focol Holdings Ltd Ltd (FCL) trading 20,000 shares via 1 trade to accumulate a value of $120,000.00. Weekly_Market_Recap_May_8_2015 Click here for full Weekly Market Recap
Weekly Market Recap May 1
The local market ended this week with 13,805 shares crossing the exchange over 11 trades to accumulate a value of $92,086.19. The BISX All-Share Index gained 4.83 points or 0.288 percent to end the week at 1,684.18. Year to date the Index is up 24.88 points or 1.499 percent. This week’s volume and leader was Commonwealth Bank Ltd (CBL) trading 8,800 shares via 5 trades to accumulate a value of $65,873.34. Weekly_Market_Recap_May_1_2015 Click here for full Weekly Market Recap
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