Bowser Microcap Index posts 4.2% weekly gain
After two poor weeks, the Bowser Microcap Stock Index is back in the black. After closing at 491.65 on 03/01/13, the Index rose 4.2% to 512.30. The Index slipped slightly Monday, to 489.52, but then ran up with four consecutive up days. Thursday alone, the Microcap Stock Index gained 2.4%. See the chart below for a visual of the Index's weekly progress.
The Index is now almost back to where it was before the past two weeks of considerable losses. All indexes has rather good weeks as investors seemed hopeful.
The Bowser Microcap Stock Index led the major indexes, with the Russell 2000 closing 1.2% behind it in second place. This shows a great week for smaller stocks. It was also a good week for larger stocks, as each index was up over 2.0%. The Dow Jones even continued to reach new highs. The indexes closed the week as follows:
- Russell 2000 (^RUT)--UP 3.0%
- NASDAQ Composite (^IXIC)--UP 2.4%
- Dow Jones Industrial Average (^DJI)--UP 2.2%
- S&P 500 (^GSPC)--UP 2.2%
There were no changes to the Index's companies this week.
For more information on the Bowser Microcap Stock Index, purchase our Bowser Database, which is updated monthly and includes details on the weighting of each company. Also, we have a sheet that shows all the changes that we have ever made to the Index available upon request.
The Bowser Report is a monthly financial newsletter that specializes in small stocks trading for $3/share or less. Our goal is to provide the individual investor with relevant information on microcap stocks. Each month, we recommend a new company, provide information on past recommendations and report news surrounding the microcap marketplace.
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Information in this blog post contains references to past Bowser recommendations. This blog post contains no recommendations, and instead relies on data gathered on past recommendations from sources thought to be reliable.