Royal Fidelity Daily Stock Market Commentary - Monday September 21, 2009

Local Stock Market Commentary:

The week began with 102,107 shares trading in the local market today.

AML Foods Limited (AML) traded 22,760 shares falling by -$0.01 to close at a new 52-week low of $1.14.

Bank of Bahamas (BOB) traded 42,200 shares declining by -$0.28 to close at a new 52-week low of $5.90.

Commonwealth Bank (CBL) traded 216 shares, to close unchanged at $5.92.

Finco (FIN) traded 200 shares to close unchanged at $9.30.

FirstCaribbean (CIB) traded 25,000 shares, decreasing by -$0.30 to close at a new 52-week low of $10.00.

Focol Holdings Ltd. (FCL) traded 225 shares closing unchanged at $4.99.

Colina Holdings Ltd. (CHL) traded 10,100 shares closing unchanged at $2.74.

Freeport Concrete (FCC) traded 1,000 shares falling by -$0.03 to close at a new 52-week low of $0.27.

ICD Utilities (ICD) traded 406 shares, to close unchanged at $5.50.

Precious Metals:

Gold closed at $1,004.60, Silver at $16.86, Platinum at $1,322.20 and Crude Oil at $69.76 a barrel.

Foreign Currencies:

Against the US Dollar, the Euro closed at 1.4672, Pound Sterling at 1.6201, Yen at 92.069 and the Canadian Dollar at 0.9274.

Stocks:

Consolidated Water Company Ltd. (CWCO) fell by -$0.12 or -0.66% to close at $18.10

International Stock Market News:

U.S. stocks fell, pulling the Dow Jones Industrial Average down from an 11-month high, on speculation a six-month rally has outpaced prospects for profit growth.

European and Asian shares dropped, while oil and gold retreated as the dollar strengthened. Treasuries fluctuated.

Asian stocks fell for a second day, led by finance and mining companies, amid concern a six-month rally has made shares expensive relative to earnings prospects.

European stocks dropped for a second day on speculation a six-month equities rally has outpaced the prospects for earnings and economic growth.

Developing-nation stocks dropped after trading at the highest level relative to profits since 2000, while currencies slid against the dollar on falling commodities and speculation the Federal Reserve will signal a withdrawal of economic stimulus.

The Dow Jones Industrial Average fell by -41.34 points or -0.42% to close at 9,778.86 with a volume of 172.83 million shares.

The top advancers today were Wal-Mart Stores, Travelers Cos In, Cisco Systems and General Electric. The top decliners today were American Express, Caterpillar Inc, McDonalds Corp and Coca-Cola Co.

iShares MSCI Emerging Markets Index declined by -$0.34 or -0.87% to close at $38.69.
The Standard and Poor's 500 Index slid by -3.64 points or -0.34% to close at 1,064.66.
The Financial Times 100 Index in London declined by -38.53 points or by -0.74% to close at 5,134.36.

NIKKEI 225 Stock Average retreated by -73.26 points or -0.70% to close at 10,370.54.
Note: Bloomberg used as source for international data