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BISX Index Records Fall To End-September

by Phillip Morton, Investors Offshore.com

18 November 2008


The Bahamas International Securities Exchange (BISX) All Share Index fell by more than 11% in the nine months to the end of September 2008, according to the exchange's latest statistical report, released last week.

For the nine month period ending September 30, 2008, the BISX All Share Index closed at 1836.61, which represented a year to date decrease of 230.14 or 11.13%. By comparison, during the nine month period ending September 28, 2007, the index experienced a growth rate of 233.39 points or 13.92%.

The BISX All Share Index is a market capitalization weighted index comprised of all listings excluding debt securities actively traded on the exchange. As at September 30, 2008 the market was comprised of 24 listings with a market capitalization of USD3.54bn. The available securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt.

For the three month period from July to September 2008 the BISX All Share Index increased by 13.64 or 0.74% to close at 1836.61. In the comparable period of 2007 the Index rose 94.45, or 4.95%, to close at 1909.85.

Trading volume for the nine month period of 2008 was just under 8.6 million shares with a value of USD64.6m. This compares to 3.95 million shares totaling just under USD22.4m in the first nine months of 2007. The trading volume for 2008 includes a 5 million share trade for a value of USD41m which was carried out in September 2008. Removing this transaction from resulted in 3.6 million shares changing hands for a value of USD23.6m.


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