| TheBahamasInvestor.com |
March 12, 2012
March 12, 2012
NASSAU, Bahamas (March 5-9, 2012) — It was a moderate week of trading activity in the local market as six out of the twenty five listed securities traded. Focol Holdings Ltd. (FCL) was the volume leader with 51,000 shares trading to close up by $0.25 to $5.00. Commonwealth Bank Bahamas Ltd. (CBL) traded 47,921 shares to close up by $0.45 to $6.45. Cable Bahamas Ltd. (CAB) traded 19,000 shares to close unchanged at $7.50. AML Foods Ltd. (AML) traded 10,000 shares to close unchanged at $1.18. Doctor’s Hospital Healthcare System Ltd. (DHS) traded 6,100 shares to close down by -$0.01 to $1.23 and Colina Holdings Ltd. (CHL) traded 3,168 shares to close unchanged at $2.32.
A total of 137,189 shares changed hands, representing a decrease of 48,341 shares compared to last week’s trading volume of 185,530.
Premier Commercial Real Estate Investment Corp. Ltd. (PRE) released its audited financial results for the year ending September 30, 2011. PRE reported a net loss of $69k for the year, compared to a net income of $1.3m in the previous fiscal year, which was attributed to a write down in the values of their investment properties, compared to the previous year appreciation. Total income of $920k increased slightly by $16k, while total expenses of $220k decreased significantly compared to 427k in the prior year, decreasing by $207k.
Total assets and liabilities at September 30, 2011 stood at $16.2m and $2.2m respectively compared to $16.6m and $2.6m at the end of the prior year.
Net asset value per share decreased from $12.48 at September 30, 2010 to $12.42 at the end of the year.
Cable Bahamas Ltd.(CAB) declared an ordinary dividend of $0.08 payable on March 30th, 2012 to shareholders on record date as of March 15th, 2012.
Finance Corporation of The Bahamas Ltd (FIN) will hold its Annual General Meeting at the British Colonial Hilton, in the Windsor Room at 6:30 p.m. Thursday March15, 2012.
Click HERE for recap of all market activity for the week
U.S. stocks advanced, capping the fourth straight weekly gain for the Standard & Poor’s 500 Index, after a government report showing stronger-than-forecast payroll growth bolstered optimism in the world’s largest economy.
Emerging-market stocks rose, paring the benchmark index’s first weekly loss in four, as Greece’s private creditors agreed to a debt swap and employers in the U.S. added more jobs than expected, bolstering the outlook for global growth.
Asian stocks rose for a second day as Greece struck a deal with creditors to help Europe contain its debt crisis and slowing inflation gave Chinese authorities room to stimulate growth in the world’s second largest economy.
Oil climbed for a third day in New York after U.S. employers boosted payrolls more than forecast, bolstering optimism that the world’s largest economy and fuel demand will grow.
For the Dow Jones Industrial Average the top advancers were JPMorgan Chase & Co, Travelers Cos Inc/The, El du Pont de Nemours & Co and Intel Corp. The top decliners were Hewlett Packard Co, Boeing Co/The, Exxon Mobil Corp and Chevron Corp.