Bulls out-muscle bears in 2013 capital markets
Friday, December 20, 2013
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By the end of November, the equity market - the local capital market’s more liquid and active component - had grown by 17.9 percent pointing to the local bourse’s best performance in recent years.
By comparison, the Domestic Companies Index appreciated by 7.74 percent last year and 8.7 percent in 2011, shed 11.4 percent in 2010, experienced a modest rise of 2.9 percent in 2009 and a sharp drop of 16.5 percent in the recession year of 2008.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...