BISX Announces 2007 Trading Report

by Phillip Morton, Investors Offshore.com

23 January 2008

The Bahamas International Securities Exchange (BISX) has announced its year end Index and trading statistics for 2007.

For the year ending 31st December 2007, the BISX All Share Index closed up 390.56 points or 23.30% for the year, closing at 2066.75. By comparison, for the year ending 29th December 2006 the BISX All Share Index posted an increase of 325.48 points or 24.09% for the year closing at 1,676.19.

The BISX All Share Index is a market capitalization weighted index comprised of all primary listings actively traded on the Exchange. As at 31 December 2007, the market comprised 19 listings with a market capitalization of 3.98 billion dollars.

For the year, trading volumes decreased from the previous year's total, and the value of shares traded also decreased when compared to 2006. Trading volume for the year for all issuers listed on BISX was 4,770,278 shares, representing a decrease of 480,897 over the previous year, or a decline of 9.2%. T

The total value of shares traded also decreased by more than 449,000 dollars to 28.26 million in 2007 compared with 2006 volumes.

The top five share volume leaders on BISX for 2007 were: Colina Holdings Limited (CHL) 1,592,686 (33.4%), Commonwealth Bank Limited (CBL) 714,063 (15.0%), Abaco Markets Ltd. (AML) 627,082 (13.1%), Freeport Oil Holdings Company Limited (FCL) 283,402 (5.9%), and FirstCaribbean International Bank (CIB) 209,520 (4.4%).

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