Trading jump due to takeovers
Barbados Stock Exchange. (FP)
By Geralyn Edward | Wed, February 08, 2012 - 12:08 AM
The board of directors of the Barbados Stock Exchange (BSE) is hailing the 25 per cent jump in trading activity it registered last year.
However, the directors are not popping the champagne cork at the results because that increase was fuelled mainly by two “extraordinary transactions”.
And if the BSE factored them out, there would have been a 34 per cent tumble on the local market.
In its year-end report released late yesterday evening, the BSE said it had a “good year” but it was on the backs of AMCL Holdings’ takeover of ANSA McAL Barbados Limited and the Emera (Barbados) Holding’s takeover of Light & Power Holdings, the company that owned Barbados Light & Power.
Read the full story in today's MIDWEEK NATION.
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