The Microcap Stock Index climbs 2.9% in the last full week of April

After what may have been the Index's worst week of the year, the Bowser Microcap Stock Index climbed a whopping 2.9%--or 13.64 points. The Index closed Friday, April 19 at 486.70, following two large sell-offs that resulted in a weekly slide of 3.3%. This week however, the Index climbed Monday through Thursday before drawing back 0.4% on Friday. Tuesday and Thursday alone, the Index gained 1.1% and 1.4% respectively. Thursday, the Index hit a weekly closing high of 502.20 (a 3.2% gain from April 19's close). See the chart below for a visual representation.

Bowser Microcap Stock Index 04/29/13

For the first time in quite a few weeks, the Bowser Microcap Stock Index led the major indexes. With its 2.9% gain and the Russell 2000's 2.5% gain, small stocks showed a solid week altogether. They out gained the larger S&P 500 and Dow Jones Industrial Average indexes, which didn't reach 2% gains for the week. The NASDAQ Composite was up a considerable 2.3% to lock up the third largest weekly gain.

The other major indexes were as follows:

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.