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CFAL Global and Local Economic Review Q3 2024

18 October, 2024
The economic environment post-COVID has been highly inflationary for several reasons. Some attribute the rise in costs to increased prices post-pandemic, while others assign blame to corporate greed. Regardless of the perspective, the cost of living...
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CFAL Global and Local Economic Review Q2 2024

22 July, 2024
Preliminary data for the nine months of FY2023/24 (July – March) indicates that the overall deficit declined by $35.5M (14.2%) to $214.2M compared to the same period of FY2022/23. Over the period, total revenues increased by $112.4M or 5.4% to $2.19B...
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CFAL Local Economic Review Q1 2024

26 April, 2024
Preliminary data for the first half of FY2023/24 (July – December) indicates that the overall deficit declined by $19.2M (6.9%) to $258.8M compared to the same period of FY2022/23. Advanced estimates for 2023 released by The Bahamas National Statisti...
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CFAL Global Economic & Market Review Q1 2024

26 April, 2024
For the most part, economic output amongst the world’s developed economies remained stable in the first quarter, but concerns regarding a slowdown continue to persist. The International Monetary Fund updated its global growth forecast for 2024 from 3...
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CFAL Local Economic Review Q4 2023

24 January, 2024
The Bahamas continues to face headwinds including relatively high inflation and slowing global growth. However, the positive effects of the post-pandemic rebound in the tourism industry and overall economy can be seen in the most recent economic data...
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CFAL Global Economic & Market Review Q4 2023

19 January, 2024
For the most part, economic output amongst the world’s developed economies was positive in the fourth quarter, but concerns regarding a slowdown continue to persist. The International Monetary Fund expects 2023 global growth to come in at 3.0%. Devel...
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CFAL Local Market 2023 Recap

03 January, 2024
The year 2023 began with forecasts of low global economic growth as efforts to fight inflation were expected to lead to a significant slowdown in global economic activity. However, locally, strong economic conditions, the continued rebound of the tou...
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CFAL Global Economic & Market Review Q2 2023

17 July, 2023
For the most part, economic output amongst the world’s developed economies was positive in the first quarter, but concerns regarding a slowdown in 2023 remained. In its April 2023 World Economic Outlook, the International Monetary Fund revised its 20...
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CFAL Local Economic Review Q1 2023

01 May, 2023
Preliminary data for the first half of FY2022/23 (July - December) indicates that the fiscal deficit decreased slightly by $5.3M or -1.9% to $276.0M compared to the same period of FY2021/22. The Bahamas National Statistical Institute estimates that...
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CFAL Global Economic & Market Review Q1 2023

20 April, 2023
Major equity markets saw gains for the second consecutive quarter despite volatility in the financial sector which experienced a disruption due to the collapse of Silicon Valley Bank. Developed market central banks continued their rate hiking cycles...
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CFAL Global Economic & Market Review Q2 2022

30 June, 2022
During the second quarter, the global economy remained challenged by record high inflation and global supply chain issues which were exacerbated by the continuing conflict between Russia and Ukraine. As well, COVID-19 lingered and resulted in lockdow...
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CFAL Global Economic & Market Review Q4 2021

31 December, 2021
The global economic recovery continued throughout the fourth quarter albeit at a relatively muted pace as numerous challenges pointed to a slowdown in growth during the final three months of the year. In many cases, the rapid rebound in economic acti...
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CFAL Local Economic Review Q2 2021

30 June, 2021
These are no doubt unprecedented and uncertain times for the Bahamian economy and the citizenry. During these times it is critically important that the Government of the Bahamas improve the economic outlook by providing the necessary social support f...
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CFAL Global Economic & Market Review Q2 2021

30 June, 2021
During the second quarter, many countries around the world enjoyed improved economic conditions, as successful vaccine rollouts slightly muted the threat of the virus. Countries with widespread vaccinations were able to relax restrictions which led t...
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CFAL Global Economic & Market Review Q4 2020

31 December, 2020
The coronavirus pandemic remained a major global issue throughout the fourth quarter. While most major countries reported that their economies had recovered in the third quarter, economic data for Q4/20 showed that additional efforts to contain new c...
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CFAL Local Economic Review Q3 2020

17 November, 2020
The year 2020 will be one for the history books. Just when the Bahamas was beginning to come to grips with Hurricane Dorian, which ravaged Grand Bahama and Abaco, its second and third major islands in terms of economic output, the country was confron...
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CFAL Global Economic & Market Review Q3 2020

17 November, 2020
In the third quarter, the global economy rebounded, but the pace of growth remained far below pre-pandemic levels. Early in the quarter, newly released second quarter GDP data confirmed that the global economy contracted at an exceptional rate due to...
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CFAL Global Economic & Market Review Q2 2020

30 June, 2020
The second quarter of 2020 was slightly less brutal than the first as the initial shock of the coronavirus pandemic abated. However, evidence of a global economic slowdown continued even as global risk markets rebounded due to investor confidence abo...
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CFAL Global Economic & Market Review Q1 2020

31 March, 2020
At the end of 2019, the global economy looked poised to continue a modest recovery. While headwinds still existed, it was widely expected that stabilization would persist. However, in the first quarter of the new decade, the rapidly increasing spread...
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CFAL Market Insights - 27 April 2020

27 April, 2020
It has been nearly two months since the World Health Organization (WHO) declared COVID-19 a pandemic. To halt the spread of this deadly virus and prevent an overwhelming strain on healthcare systems, governments around the world have implemented vary...
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CFAL Market Insight - 7 April 2020

07 April, 2020
The world continues to grapple with the Novel Coronavirus (COVID-19) as the total number of confirmed cases exceed 1.3 million and related deaths topped 73,000. While scientists and health experts race to find a vaccine and push for more restrictive...
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CFAL Market Insight - COVID-19 Update

30 March, 2020
As the novel coronavirus continues to wreak havoc on the health and well-being of citizens and healthcare systems around the world, concerns are emerging about the economic and financial fallout during and in the wake of this pandemic. At the time of...
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CFAL International Economic & Market Review Q4 2019

13 February, 2020
An easing of geopolitical tensions in the fourth quarter led to record highs for most global risk markets. At the forefront, an imminent trade deal between the U.S. and China boosted investor confidence around the world while the results of the U.K....
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CFAL Local Economic Update FY 2019

12 February, 2020
The Government of the Bahamas closed out Fiscal Year (FY) 2018/19 with mixed results. Real gross domestic product (GDP), while positive, has been subdued, averaging a mere 0.07% over the past six years (2013 – 2018). Despite this, The Bahamas has al...
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Are Your Investments Fully Diversified?

27 September, 2019
“For many of us, all of our “investment eggs” are in The Bahamas basket, which exposes us to significant losses in the event of a catastrophic event such as Hurricane Dorian. Given our global dependence for critical supplies, we believe that while op...
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CFAL Global Economic & Market Review Q2 2019

30 July, 2019
In its most recent World Economic Outlook, the International Monetary Fund (IMF) highlighted that growth in the global economy remains subdued and revised downwards its forecasts for global economic growth for 2019 and 2020. The IMF now expects wo...
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CFAL Local Economic Update | Q1 2019

16 May, 2019
The Bahamian economy grew by just 1.60% in 2018 compared to the 2.50% growth predicted by the International Monetary Fund (IMF) and 2.20% forecasted by the Government of the Bahamas. According to the Department of Statistics, real GDP stood at $10.76...
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Why and When Should the Bahamas Join the WTO? (July 22, 2016 Reprint)

08 January, 2019
Over the next few weeks, this column will present a series of articles that will help explain the World Trade Organisation (WTO) and its relevance to the Bahamian economy. The WTO is an intergovernmental organization that deals with global trade rule...
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CFAL Local Economic Update | Q3 2018

14 November, 2018
The International Monetary Fund (IMF) in its 2019 World Economic Outlook revised the economic growth estimate for the Bahamas for 2018 from 2.50% to 2.30%. This slight decline was attributed to the escalation of international trade tensions amongst t...
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CFAL Local Economic Update Q2 2018

10 August, 2018
The Government of The Bahamas, in particular the Minister of Finance, Mr. K. Peter Turnquest, presented their fiscal year (FY) 2018/19 Budget during Q2 2018. This is the second budget delivered by Peter Turnquest as Minister of Finance and probably...
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IMF Report Summary - Has The Bahamas Really Turned the Corner?

31 May, 2018
The International Monetary Fund (IMF) recently concluded its 2018 Article IV consultation with The Bahamas and released its country report. The IMF conducts regular surveillance on its member countries, typically on an annual basis, as per the IMF Ar...
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CFAL Economic Update Q1 2018

31 March, 2018
The economy of the Bahamas has shown some resilience, though it may be too soon to confirm whether the economy has truly turned the corner. On April 27th, 2018, the Department of Statistics (DOS) released revised nominal and real GDP data for the per...
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The Advisor April 2018 | A Tourism Strategy that will deliver Economic Growth

04 April, 2018
ISSUE 33 | A CFAL Publication ...The past few years have been turbulent ones for The Bahamas, as its economic growth rate progressively contracted for three consecutive years from 2013 to 2015...Also inside this issue: Spotlight on Dr. Kenneth Jonat...
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Financial Market Brief 30 November 2018

30 November, 2018
The local market ended this week with 43,723 shares crossing the exchange with 16 trades to accumulate a value of $343,458.30. The BISX All-Share Index gained 3.14 points or 0.16 percent to end the week at 2,026.89. Year to date the Index is down 36....
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Financial Market Brief 23 November 2018

23 November, 2018
The local market ended this week with 90,648 shares crossing the exchange with 28 trades to accumulate a value of $421,686.81. The BISX All-Share Index gained 17.45 points or 0.87 percent to end the week at 2,023.75. Year to date the Index is down 39...
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Financial Market Brief 16 November 2018

16 November, 2018
The local market ended this week with 6,341 shares crossing the exchange with 9 trades to accumulate a value of $34,552.97. The BISX All-Share Index gained 0.34 points or 0.02 percent to end the week at 2,006.30. Year to date the Index is down 57.27...
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Financial Market Brief 9 November 2018

09 November, 2018
The local market ended this week with 32,920 shares crossing the exchange with 24 trades to accumulate a value of $141,718.88. The BISX All-Share Index lost 1.19 points or 0.059 percent to end the week at 2,005.96. Year to date the Index is down 57.6...
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Financial Market Brief 26 October 2018

31 October, 2018
The local market ended this week with 72,880 shares crossing the exchange with 34 trades to accumulate a value of $449,290.68. The BISX All-Share Index gained 18.74 points or 0.945 percent to end the week at 2,002.31. Year to date the Index is down 6...
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Financial Market Brief 19 October 2018

19 October, 2018
The local market ended this week with 276,639 shares crossing the exchange with 33 trades to accumulate a value of $699,360.13. The BISX All-Share Index gained 33.46 points or 1.716 percent to end the week at 1,983.57. Year to date the Index is down...
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Financial Market Brief 12 October 2018

12 October, 2018
The local market ended this week with 114,541 shares crossing the exchange with 27 trades to accumulate a value of $520,124.35. The BISX All-Share Index gained 3.14 points or 0.161 percent to end the week at 1,950.11. Year to date the Index is down 1...
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Financial Market Brief 5 October 2018

05 October, 2018
The local market ended this week with 89,670 shares crossing the exchange with 15 trades to accumulate a value of $289,175.00. The BISX All-Share Index lost 17.07 points or 0.869 percent to end the week at 1,946.97. Year to date the Index is down 116...
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Financial Market Brief 28 September 2018

28 September, 2018
The local market ended this week with 223,286 shares crossing the exchange with 23 trades to accumulate a value of $795,544.80. The BISX All-Share Index gained 14.33 points or 0.73 percent to end the week at 1,964.04. Year to date the Index is down 9...
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Financial Market Brief 21 September 2018

21 September, 2018
The local market ended this week with 73,502 shares crossing the exchange with 16 trades to accumulate a value of $181,182.20. The BISX All-Share Index lost 3.65 points or 0.19 percent to end the week at 1,949.71. Year to date the Index is down 113.8...
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Financial Market Brief 14 September 2018

14 September, 2018
The local market ended this week with 250,155 shares crossing the exchange with 30 trades to accumulate a value of $996,445.85. The BISX All-Share Index lost 0.36 points or 0.02 percent to end the week at 1,953.36. Year to date the Index is down 110....
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Financial Market Brief 7 September 2018

07 September, 2018
The local market ended this week with 259,826 shares crossing the exchange with 28 trades to accumulate a value of $621,263.90. The BISX All-Share Index lost 8.56 points or 0.44 percent to end the week at 1,953.72. Year to date the Index is down 109....
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Financial Market Brief 31 August 2018

31 August, 2018
The local market ended this week with 169,551 shares crossing the exchange with 37 trades to accumulate a value of $535,348.01. The BISX All-Share Index lost 14.13 points or 0.71 percent to end the week at 1,962.28. Year to date the Index is down 101...
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Financial Market Brief 24 August 2018

24 August, 2018
The local market ended this week with 128,411 shares crossing the exchange with 15 trades to accumulate a value of $476,082.95. The BISX All-Share Index gained 9.32 points or 0.47 percent to end the week at 1,976.41. Year to date the Index is down 87...
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Financial Market Brief 17 August 2018

20 August, 2018
The local market ended this week with 1,271,695 shares crossing the exchange with 15 trades to accumulate a value of $5,162,602.41. The BISX All-Share Index gained 16.87 points or 0.87 percent to end the week at 1,967.09. Year to date the Index is do...
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Financial Market Brief 10 August 2018

14 August, 2018
The local market ended this week with 83,964 shares crossing the exchange with 17 trades to accumulate a value of $352,306.60. The BISX All-Share Index gained 7.28 points or 0.37 percent to end the week at 1,950.22. Year to date the Index is down 113...
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Financial Market Brief 3 August 2018

06 August, 2018
The local market ended this week with 55,235 shares crossing the exchange with 37 trades to accumulate a value of $259,131.98. The BISX All-Share Index gained 7.64 points or 0.395 percent to end the week at 1,942.94. Year to date the Index is down 12...
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Financial Market Brief 27 July 2018

30 July, 2018
The local market ended this week with 542,789 shares crossing the exchange with 27 trades to accumulate a value of $2,226,176.93. The BISX All-Share Index lost 50.53 points or 2.54 percent to end the week at 1,935.30. Year to date the Index is down 1...
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Financial Market Brief 20 July 2018

23 July, 2018
The local market ended this week with 28,610 shares crossing the exchange with 17 trades to accumulate a value of $153,269.16. The BISX All-Share Index gained 1.98 points or 0.10 percent to end the week at 1,985.83. Year to date the Index is down 77....
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Financial Market Brief 13 July 2018

13 July, 2018
The local market ended this week with 34,100 shares crossing the exchange with 16 trades to accumulate a value of $115,295.56. The BISX All-Share Index gained 2.17 points or 0.11 percent to end the week at 1,983.85. Year to date the Index is down 79....
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Financial Market Brief 6 July 2018

06 July, 2018
The local market ended this week with 114,718 shares crossing the exchange with 32 trades to accumulate a value of $491,925.95. The BISX All-Share Index gained 10.19 points or 0.52 percent to end the week at 1,981.68. Year to date the Index is down 8...
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Financial Market Brief 29 June 2018

29 June, 2018
The local market ended this week with 175,682 shares crossing the exchange with 30 trades to accumulate a value of $653,743.42. The BISX All-Share Index gained 6.56 points or 0.334 percent to end the week at 1,971.49. Year to date the Index is down 9...
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Financial Market Brief 22 June 2018

25 June, 2018
The local market ended this week with 170,121 shares crossing the exchange with 15 trades to accumulate a value of $731,266.52. The BISX All-Share Index gained 32.43 points or 1.678 percent to end the week at 1,964.93. Year to date the Index is down...
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Financial Market Brief 15 June 2018

20 June, 2018
The local market ended this week with 106,460 shares crossing the exchange with 35 trades to accumulate a value of $463,815.70. The BISX All-Share Index lost 13.44 points or 0.695 percent to end the week at 1,919.06. Year to date the Index is down 14...
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Financial Market Brief 8 June 2018

11 June, 2018
The local market ended this week with 26,220 shares crossing the exchange with 15 trades to accumulate a value of $96,568.70. The BISX All-Share Index lost 27.34 points or 1.40 percent to end the week at 1,932.50. Year to date the Index is down 131.0...
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Financial Market Brief - 25th May 2018

28 May, 2018
The local market ended this week with 164,615 shares crossing the exchange with 19 trades to accumulate a value of $663,245.65. The BISX All-Share Index gained 28.31 points or 1.463 percent to end the week at 1,963.01. Year to date the Index is down...
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Financial Market Brief 18 May 2018

21 May, 2018
The local market ended this week with 56,253 shares crossing the exchange with 16 trades to accumulate a value of $223,170.66. The BISX All-Share Index lost 4.46 points or 0.23 percent to end the week at 1,934.70. Year to date the Index is down 128.8...
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Financial Market Brief 11 May 2018

16 May, 2018
The local market ended this week with 29,623 shares crossing the exchange with 26 trades to accumulate a value of $150,082.56. The BISX All-Share Index lost 3.8 points or 0.196 percent to end the week at 1,939.16. Year to date the Index is down 124.4...
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Financial Market Brief 4 May 2018

07 May, 2018
The local market ended this week with 14,550 shares crossing the exchange with 17 trades to accumulate a value of $71,162.86. The BISX All-Share Index lost 28.45 points or 1.443 percent to end the week at 1,942.96. Year to date the Index is down 120....
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Financial Market Brief 27 April 2018

30 April, 2018
The local market ended this week with 25,346 shares crossing the exchange with 20 trades to accumulate a value of $189,812.81. The BISX All-Share Index lost 2.94 points or 0.149 percent to end the week at 1,971.41. Year to date the Index is down 92.1...
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Financial Market Brief 20 April 2018

20 April, 2018
The local market ended this week with 72,427 shares crossing the exchange with 40 trades to accumulate a value of $342,831.51. The BISX All-Share Index lost 5.48 points or 0.277 percent to end the week at 1,974.35. Year to date the Index is down 89.2...
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Financial Market Brief 13 April 2018

13 April, 2018
The local market ended this week with 210,893 shares crossing the exchange with 44 trades to accumulate a value of $809,176.02. The BISX All-Share Index gained 23.73 points or 1.213 percent to end the week at 1,979.87. Year to date the Index is down...
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Financial Market Brief 6 April 2018

06 April, 2018
The local market ended this week with 35,838 shares crossing the exchange with 18 trades to accumulate a value of $186,005.35. The BISX All-Share Index lost 10.06 points or 0.51 percent to end the week at 1,962.12. Year to date the Index is down 101....
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Financial Market Brief 29 March 2018

29 March, 2018
The local market ended this week with 35,838 shares crossing the exchange with 18 trades to accumulate a value of $186,005.35. The BISX All-Share Index lost 10.06 points or 0.51 percent to end the week at 1,962.12. Year to date the Index is down 101....
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Financial Market Brief 23 March 2018

23 March, 2018
The local market ended this week with 119,591 shares crossing the exchange with 38 trades to accumulate a value of $594,296.78. The BISX All-Share Index lost 58.02 points or 2.86 percent to end the week at 1,972.18. Year to date the Index is down 91....
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Financial Market Brief 16 March 2018

16 March, 2018
The local market ended this week with 53,524 shares crossing the exchange with 27 trades to accumulate a value of $374,424.75. The BISX All-Share Index lost 9.81 points or 0.48 percent to end the week at 2,030.20. Year to date the Index is down 33.37...
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Financial Market Brief 9 March 2018

09 March, 2018
The local market ended this week with 447,512 shares crossing the exchange with 27 trades to accumulate a value of $2,056,585.08. The BISX All-Share Index lost 0.15 points or 0.01 percent to end the week at 2,040.01. Year to date the Index is down 23...
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Financial Market Brief 2 March 2018

02 March, 2018
The local market ended this week with 33,238 shares crossing the exchange with 19 trades to accumulate a value of $130,701.50. The BISX All-Share Index lost 10.83 points or 0.53 percent to end the week at 2,040.16. Year to date the Index is down 23.4...
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Financial Market Brief 24 November 2017

24 November, 2017
The local market ended this week with 81,848 shares crossing the exchange with 30 trades to accumulate a value of $372,558.21. The BISX All-Share Index gained 4.57 points or 0.22 percent to end the week at 2,071.37. Year to date the Index is up 133.1...
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Financial Market Brief 17 November 2017

17 November, 2017
The local market ended this week with 91,355 shares crossing the exchange with 21 trades to accumulate a value of $400,573.80. The BISX All-Share Index lost 0.33 points or 0.02 percent to end the week at 2,066.80. Year to date the Index is up 128.59...
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Financial Market Brief 10 November 2017

10 November, 2017
The local market ended this week with 139,532 shares crossing the exchange with 36 trades to accumulate a value of $750,082.58. The BISX All-Share Index lost 7.36 points or 0.355 percent to end the week at 2,067.15. Year to date the Index is up 128.9...
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Financial Market Brief 3 November 2017

03 November, 2017
The local market ended this week with 41,342 shares crossing the exchange with 20 trades to accumulate a value of $259,225.50. The BISX All-Share Index lost 2.17 points or 0.104 percent to end the week at 2,074.51. Year to date the Index is up 136.30...
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Financial Market Brief 27 Oct 2017

27 October, 2017
The local market ended this week with 212,433 shares crossing the exchange with 79 trades to accumulate a value of $1,043,832.28. The BISX All-Share Index gained 33.22 points or 1.626 percent to end the week at 2,076.68. Year to date the Index is up...
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Financial Market Brief 20 October 2017

20 October, 2017
The local market ended this week with 326,074 shares crossing the exchange with 47 trades to accumulate a value of $972,556.34. The BISX All-Share Index gained 80.71 points or 4.112 percent to end the week at 2,043.46. Year to date the Index is up 10...
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Financial Market Brief 13 October 2017

13 October, 2017
The local market ended this week with 326,074 shares crossing the exchange with 47 trades to accumulate a value of $972,556.34. The BISX All-Share Index gained 80.71 points or 4.112 percent to end the week at 2,043.46. Year to date the Index is up 10...
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Financial Market Brief 06 October 2017

06 October, 2017
The local market ended this week with 50,225 shares crossing the exchange with 28 trades to accumulate a value of $222,920.75. The BISX All-Share Index gained 46.52 points or 2.493 percent to end the week at 1,912.40. Year to date the Index is down 2...
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Financial Market Brief 29 September 2017

29 September, 2017
The local market ended this week with 82,460 shares crossing the exchange with 30 trades to accumulate a value of $565,295.26. The BISX All-Share Index gained 1.34 points or 0.07 percent to end the week at 1,865.88. Year to date the Index is down 72....
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Financial Market Brief 22 September 2017

22 September, 2017
The local market ended this week with 58,867 shares crossing the exchange with 24 trades to accumulate a value of $462,759.48. The BISX All-Share Index lost 3.34 points or 0.18 percent to end the week at 1,864.54. Year to date the Index is down 73.67...
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Financial Market Brief 15 September 2017

15 September, 2017
The local market ended this week with 7,857 shares crossing the exchange with 9 trades to accumulate a value of $65,129.09. The BISX All-Share Index gained 5.66 points or 0.30 percent to end the week at 1,867.88. Year to date the Index is down 70.33...
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