NASSAU, BAHAMAS – The domestic capital market experienced positive developments during the third quarter, with the volume of shares traded on the Bahamas International Stock Exchange (BISX) increasing by 32%.
The regulator, in its economic review for the third quarter, noted: âThe national capital market recorded positive developments during the third quarter, in line with the gradual recovery of the national economy.
Specifically, the volume of shares traded on the Bahamas International Securities Exchange rose 32.2% to 2,778,936, a reversal from the 7.6% contraction to 1,084,256 in the same quarter of 2020. .
As a result, the total value of shares traded more than doubled to $ 26.5 million from $ 11.5 million in the second quarter, and growth of 48.2% in 2020. “
The regulator also noted that during the review quarter, the BISX stock price index strengthened 5.5% to 2,081.38 points, contrasting with a 1.5% drop on a year-over-year basis. earlier.
Likewise, market capitalization rose 1.5% to $ 8.4 billion, although this was a slowdown from a 64.8% expansion the year before), â indicated the regulator.
âRegarding market quotes, the number of publicly traded securities decreased from five to 234, and included 20 common stocks, seven preferred stocks and 207 debt tranches, including BRS and BGS and corporate bonds. ‘were 196 and 11, respectively.