The Tribune

By FAY SIMMONS

Tribune Business Reporter

jsimmons@tribunemedia.net

The Bahamas International Securities Exchange (BISX) reported equity of $5.96bn and debt totalling $4.51bn as at September 2023, representing a 1.57 percent increase for the nine-month period.

This according to the BISX quarterly statistical report, which revealed that the all-share index closed at 2,686.59 in September 2023, compared to 2,633.40 in September 2022.

Commonwealth Bank (CBL) remained the top trading stock in equity, volume and value with FOCOL Holdings (FCL), Bank of the Bahamas (BOB) and Cable Bahamas Limited (CAB) following in volume for the nine-month period.

“Trading volume for the nine-month period 1 January 2023, to 30 September 2023, was 3,846,482 securities for a value of $68,837,634.24. By comparison, trading volume for the nine-month period 1 January 2022, to 30 September 2022, was 7,602,357 securities for a value of $52,341,463.70," the BISX report said.

“Trading volume for the three-month period 1 July 2023, to 30 September 2023, was 1,245,478 securities for a value of $24,417,971,65. By comparison, trading volume for the three-month period 1 July 2022, to 30 September 2022, was 2,201,129 securities for a value of $19,267,371.68”

The report also revealed that although the average daily volume per day decreased from the same period last year, the value increased.

It said: “For the nine-month period from 1 January 2023, to 30 September 2023, the average volume per trading day was 21,369 securities for a value of $381,431.30.

“By comparison, For the nine-month period from 4 January 2022, to 30 September 2022, the average volume per trading day was 42,126 shares for a value of $292,525.85.”