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For SLReports.net In a rarely seen trading day, November 18th saw all four indexes drop. The Virtual Stock Exchange (VSTEX) came out the best, on almost microscopic traffic, losing only 0.7% of it's share value on 979 shares traded, all in ITA(VSTEX). A brief disruption of website activity may be to blame for yesterday's light volume. VSTEX has begun to take extensive and innovative efforts to increase share volume, including discounts for the 20 most active traders, and discounts for listed companies who increase their volume.
The Ancapistan Stock Exchange was next best with only a loss of 1.7% on a day that saw more than 150,000 shares traded. Most active was BNT(ACE), which announced yesterday a friendly takeover by Woodbury University as well as RL/SL synergies with RL banks and developing nations on the horizon. "It has not been pretty. We are operating at a loss of over L$400,000 this past quarter, as our occupancy hit a low of 64% this past summer. We have recovered a bit, and are now operating at 78% occupancy, and are improving things daily with land sales as we have for the first time, made a major focus on land sales. However we are not in good shape. The takeover by Woodbury will not come at a more opportune time." CEO Intlibber Brautigan said in the official press release. ACE has lost 84.35 Luminos Index points since 10-23-2008, the day the index started. SLW had another massive trading day, moving over 608,000 shares on the trading day, and over a million shares changing hands for the week thus far. Volume for the ISE was near 40,000 shares, whereas SLCAPEX neared the 1,000,000 share volume in a day mark. ISE and SLCAPEX lost virtually the same amount of index strength, 7.3% and 7.5%, respectively, and parred near each other in index value, ISE's current Luminos Index being 32.12 compared to SLCAPEX's current Luminos Index of 32.10. SLCAPEX has the narrow lead on ISE over the last month in having paid .12 in dividends to ISE's .08. This is quite an advantage to ACE's Luminos Index dividend yield of .02 during the same period. Dividends are not reflected in the Index Score. All three Luminos Index's are due to be reweighted in the coming days, with the addition of new IPO's and stocks that were not trading between 10-23-08 and 10-24-08.
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