The Bahamas International Securities Exchange (BISX) has released its year-end statistical report for the period ending December 31, 2008.
The BISX All Share Index closed 2008 at 1712.36, which represented a year to date decrease of 354.39 points or 17.15%. On December 31, 2007 the Index closed at 2066.75 and had gained 390.56 points or 23.30% over the previous 12 months.
The BISX All Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities. As at December 31, 2008 the market was comprised of 24 primary market listings with a market capitalization of USD3.03bn. The primary market securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt.
Trading volume in 2008 amounted to 9,623,219 shares for a value of USD71,553,200. This compares to 2007 when 4,770,270 shares changed hands for a trade value of USD28,255,500. The Trading volume for 2008 includes a 5 million share trade for a value of USD40m which was carried out in September 2008 for ICD Utilities Limited. Removing this large transaction from the full year statistics results in a trade volume of 4,623,219 shares and a trade value of USD31,553,000 for the year 2008.
The BISX experienced limited declines over the 12 month period January to December 2008 when compared with other equity markets. While the BISX All Share index lost 17.15% in value between December 31, 2007 and December 31, 2008, by comparison, the MSCI Emerging Market Index, S&P 500 Index and the FTSE 100 Index experienced declines of -49.45%, -38.49% and -31.33% over the year, respectively.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment