Thursday, February 11, 2010
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Letters | Opinion | Editorial | Weekend Report |
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CFAL Market weekly recap The local securities market had a large increase in trading volume this week as a whopping 6,048,597 shares and 380 bonds crossed the exchange over 56 trades to accumulate a value of $80,916,810.39. The BISX All Share Index notably increased 35.48 points or 2.267 percent to close at 1,600.62. As a result of trading activity, there were three price advances and three price declines. The star performer this week was Cable Bahamas Ltd. (CAB) which jumped $3.43 or 34.30 percent to close at a 52-week high of $13.43. Consolidated Water Company BDRs (CWCB) followed as the stock price climbed $0.11 or 4.26 percent to close at $2.69. FirstCaribbean International Bank (CIB) rounds off the advancers adding $0.01 or 0.10 percent to settle at $10.00. AML Foods Limited (AML) was the biggest laggard to performance this week as the stock fell $0.02 or 1.75 percent to $1.12. Commonwealth Bank Limited (CBL) followed, losing $0.01 or 0.14 percent to end at $6.99 while Finance Corporation of the Bahamas (FIN) slipped $0.01 or 0.11 percent to $9.27. Cable Bahamas (CAB) traded the highest volume and value this week as 5,959,441 shares exchanged hands over 8 trades for a value of $80,019,508.69. In the bond market, Fidelity Bank (Bahamas) Note maturing 2015 (FBB15) posted 380 trades of nominal $380,000.00.
COMPANY UPDATES & CORPORATE ACTIONS: Dividend Payments: * Focol Holdings Ltd. (FCL): $0.04 per share to all common shareholders of record January 29th, 2009 payable February 11th, 2010. Annual General Meetings: * Bank of the Bahamas Limited will hold its Annual General Meeting for shareholders on Friday, February 26th, 2010 at the British Colonial Hilton Hotel at 6:00pm
INTERNATIONAL MARKET OVERVIEW: January 25th, 2010 – January 29th, 2010 For the second consecutive week, all tracked foreign indices experienced losses week over week. The Dow Jones Industrial Average fell to 10,067.33, a decrease of 105.05 points or 1.03 percent. The S&P 500 hit a 3-month low after losing 17.86 points or 1.64 percent ending at 1,073.87. The NASDAQ Composite Index ended 57.94 points or 2.63 percent lower to settle at 2,147.35. The Toronto Stock Exchange declined 230.95 points or 2.04 percent to 11,094.31. In the Euro zone, Dow Jones Stoxx 50 slid 59.97 points or 2.11 percent to 2,776.83 while the FTSE 100 fell 114.47 points or 2.16 percent to 5,188.52. The Nikkei 225 plunged 392.51 points or 3.71 percent to 10,198.04. Commodities also closed down as Crude Oil closed at $72.79 per barrel after a loss of $1.44 or 1.94 percent while Gold decreased by $10.85 or 0.99 percent to end at $1,081.85 per ounce.
Monday February 2, 2010 |
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