ACB NASDAQ Index outperforms broader market indexes

Bank News, August, 2006 by Anonymous

The America's Community Bankers NASDAQ Index outperformed the broader market indexes in the first six months of the year, spotlighting the strong investment performance of the community banking sector of the financial services industry, ACB has reported.

The ACBQ Index posted an increase of 5.5 percent for the six months ended June 30. The index value was 120.00 at Dec. 31, 2005, and 126.62 at June 30, 2006.

The ACBQ Index outperformed the broader market, with the S&P 500 Index up only 1.75 percent for the six months ended June 30. The NASDAQ Composite lost 1 percent in that same period.

ACB said its ACBQ Index is the most broadly representative index of the community banking sector, including only community banks and thrifts, and excluding large banks and...

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