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Wednesday, July 8, 2009
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CFAL Weekly market Recap The BISX All-Share Index experienced a moderate increase in trading activity this week as a total of 21,261 shares and 26 bonds crossed the exchange over 19 trades to accumulate a value of $76,608.94. As a result, the Index gained 7.80 points or 0.496 percent to settle at 1,579.39. Year to date, however, the Index is down 132.97 points or 7.77 percent. Five of the nineteen publicly traded stocks experienced activity this week resulting in two price advancements and one price decline. The star performer for the second consecutive week was Doctors Hospital Health Systems (DHS) which increased $0.17 or 10.63 percent to settle at $1.77. Rounding off the advancers was Commonwealth Bank Limited (CBL) which added $0.14 or 2.55 percent to close at $5.64. The sole detractor to the index's performance was Consolidated Water Company BDRs (CWCB) which lost $0.15 or 4.32 percent to close at $3.32. The volume and value leader this week was Commonwealth Bank Limited (CBL) which posted a total volume of 9,220 shares, 43.31 percent of total volume recorded this week on the exchange, on eight trades to accumulate a value of $51,466.40.
COMPANY UPDATES & CORPORATE ACTIONS: Earnings Releases: * Bank of the Bahamas Limited (BOB) released its un-audited financial statements for the nine months and quarter ended March 31st, 2009. Net income available to common shareholders was $5.5 million representing a decrease of $3.92 million or 41.59 percent over the same period in 2008. Net income for the quarter ended March 31st, 2009 was reported of $1.05 million, a decrease of $2.1 million or 66.76 percent. Earnings per share for the quarter stood at $0.07 compared to $0.20 during the same period last year. Total assets as at March 31st, 2009 were reported of $751.78 million representing an increase of $15.63 million or 2.12 percent. Dividend Payments: * FirstCaribbean International Bank (CIB): $0.15 per share to all shareholders of record June 19th, 2009 payable June 29th, 2009. * ICD Utilities (ICD): $0.10 per share to all shareholders of record June 19th, 2009 payable June 29th, 2009. * Commonwealth Bank Limited (CBL): $0.05 per share to all shareholders of record June 15th, 2009 payable June 30th, 2009. * Cable Bahamas (CAB): $0.07 per share to all shareholders of record June 15th, 2009, payable June 30th, 2009. * The Bank of the Bahamas Limited (BOB): Preference A, B, C, D & E shares of record June 30th, 2009 payable within 10 days of record date. * Consolidated Water Company BDRs (CWCB): $0.013 per share to all shareholders of record July 1st, 2009 payable August 10th, 2009. Annual General Meetings: * Abaco Markets: Tuesday, July 21st, 2009 at The Wyndham Nassau Resort at 6:00 pm * Benchmark Bahamas Limited: Thursday, July 23rd, 2009 in the Governor's Ballroom, British Colonial Hilton at 6:30 pm.
INTERNATIONAL MARKET OVERVIEW: June 22nd, 2009 – June 26th, 2009 This week the Dow Jones Industrial Average declined 115.04 points or 1.80 percent to end at 8,438.39. The S&P 500 slipped 2.38 points or 0.26 percent to settle at 918.82. The NASDAQ Composite Index was the only advancer in US markets, as the index gained 10.75 points or 0.59 percent to close at 1,838.22. In the Euro zone, the Dow Jones Stoxx 50 decreased 44.86 points or 1.84 percent to close at 2,389.91 and the FTSE 100 trended 104.92 points or 2.41 percent lower to close at 4,241.01. The Nikkei 225 rose 91.13 points or 0.93 percent to settle at 9,877.39. The commodities market closed mixed as Crude Oil regressed $0.24 or 0.34 percent to $69.33 per barrel and Gold added $5.00 or 0.53 percent to end the week at $940.10 per ounce.
Monday, June 29, 2009
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