Value Of BISX Share Trading Up In 2005

by Amanda Banks, Tax-News.com, London

03 March 2006

While trading volumes on the Bahamas International Securities Exchange (BISX) decreased in 2005 compared to 2004, the value of shares traded increased last year compared to the previous year, the exchange announced in its 2005 trading report this week.

For the year ending 30 December 2005 the BISX All Share Index closed up 311.33 points or 29.95% for the year, closing at 1,350.71. By comparison for the year ending 31 December 2004 the BISX All Share Index posted an increase of 171.08 or 19.70%, to close at 1,039.38.

The BISX All Share Index is a market capitalization weighted index comprised of all primary listings actively traded on the Exchange. As at 30 December 2005 the market was comprised of 19 listings with a market capitalization of $2.6 billion.

For the year, trading volumes decreased from the previous year's total; however, the value of shares traded increased when compared to 2004.

Trading volume for the year for all issuers listed on BISX was 6,723,973 shares at a value of $36,346,145.56. This represents a decrease in traded volume by 1,272,321 shares or -15.91%; however, the value of shares traded on BISX increased by $12,075,074.53 or 49.75% when compared with 2004.

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