Bowser Microcap Stock Index falls 0.7%
The Bowser Microcap Stock Index closed down again this week. This time, the index stepped back 0.7% from Thursday March 28's close of 498.57 to this past Friday's close of 495.27. (Remember, we are using Thursday March 28's figure because the markets were closed in observance of Good Friday on March 29.) The Index's weekly low was 488.74 on Wednesday April 3. Thursday and Friday the Microcap Stock Index made up some of its losses, however, climbing 1.3% from Wednesday's close. See the chart below for a visual representation. (We had an error in Monday April 1's reporting).
This past week, the Bowser Microcap Stock Index trailed only the Dow Jones Industrial Average, which was down just 0.1%. All of the other major indexes that we report were down at least 1%, with the Russell 2000 posting the biggest loss--3.0%.
The other major indexes were as follows:
- Dow Jones Industrial Average (^DJI)--DOWN 0.1%
- S&P 500 (^GSPC)--DOWN 1.0%
- NASDAQ Composite (^IXIC)--DOWN 2.0%
- Russell 2000 (^RUT)--DOWN 3.0%
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.