Modelo de Valuación Definitivo y formateado para imprimir 28 Mayo 2014 con colores.xlsx

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MODELO DE ANÁLISIS FINANCIERO HISTÓRICO Y PRONÓSTICO PROFESOR ALFREDO PÉREZ MORENO UNIVERSIDAD PANAMERICANA I. DATOS GENERALES Datos Generales 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 Nombre de la empresa GRUPO LAMOSA, S.A.B. DE C.V. Y SUBSIDIARIAS Meses del ejercicio 12 12 12 12 12 Auditado ND ND ND ND ND Auditor ND ND ND ND ND Opinión Analista Eq. 1 Eq. 1 Eq. 1 Eq. 1 Eq. 1 Acciones en circulación (miles) 367,856  367,829  367,824  367,824  371,533  Cifras en miles miles miles miles miles Motivo del análisis Determinar la capacidad de la empresa para servir su deuda Datos Macroeconómicos Inflación del ejercicio 3.57% 4.40% 3.82% 3.57% 3.97% PIB Total -4.69% 5.11% 3.96% 3.93% 1.07% PIB del Sector -6.07% 0.69% 3.95% 2.08% -4.46% PIB de la Actividad 4.81% 1.99% 5.50% 4.23% -2.30% TIIE 28 días promedio 5.91% 4.91% 4.82% 4.79% 4.28% CETES 28 días promedio 5.39% 4.40% 4.24% 4.24% 3.75% LIBOR 3 meses promedio 0.68% 0.34% 0.34% 0.43% 0.27% Tipo de cambio nominal promedio anual 13.51 $ 12.64 $ 12.43 $ 13.17 $ 12.77 $ Tipo de cambio nominal fin de periodo 13.06 $ 12.36 $ 13.98 $ 13.01 $ 13.08 $ Reloj ciclos económicos INEGI  Análisis económico BBVA Research OECD on Mexico CAPEM Oxford Economic Forecasting II. BALANCE GENERAL ACTIVO CLASE Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Circulante: OP/NOP 11010000 Efectivo e inversiones disponibles 899,423 1,189,191 779,928 1,064,900 626,945 11030000 Cuentas y documentos por cobrar a clientes ( OP 2,625,903 2,586,304 2,573,048 2,377,983 2,376,266 Otras cuentas por cobrar y pagos anticipados NO OP 232,736 248,145 424,566 485,946 669,605 11040000 otras cuentas por cobrar (neto) OP 232,736 248,145 424,566 485,946 669,605 11060010 Pagos anticipados NO OP 11060020 Instrumentos financieros derivados NO OP Inventarios OP 1,221,530 1,021,102 1,132,622 1,293,963 1,449,775 11050000 Mercancías generales OP 1,221,530 1,015,647 1,132,052 1,219,985 1,393,244 11060000 Otros activos circulantes OP 5,455 570 73,978 56,531 Ropa OP Mercancías en tránsito OP Reserva para merma OP 11000000 Total Activo Circulante 4,979,592 5,044,742 4,910,164 5,222,792 5,122,591 12020000 Activos de largo plazo 763,727 383,554 258,866 232,167 229,537 12020010 Inversi ón en acciones de subsi duar ias no cons NO OP 31,800 31,116 27,493 35,235 35,621 12020040 Otras inversiones 731,927 229,456 231,373 196,932 193,916 12010000 Cuentas y Documentos por Cobrar (Neto) 0 122,982 0 0 0 12030000 Inmuebles, planta y equipo neto NO OP 5,401,745 5,145,649 4,906,639 4,974,301 5,048,131 12030010 Inmuebles NO OP 3,595,395 3,588,418 3,607,570 3,980,620 4,019,567 12030020 Maquinaria y equipo NO OP 8,271,312 7,654,259 7,725,747 7,705,145 8,034,011 ANÁLISIS HISTÓRICO

Transcript of Modelo de Valuación Definitivo y formateado para imprimir 28 Mayo 2014 con colores.xlsx

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    MODELO DE ANLISIS FINANCIERO HISTRICO Y PRONSTICO

    PROFESOR ALFREDO PREZ MORENO

    UNIVERSIDAD PANAMERICANA

    I. DATOS GENERALES

    Datos Generales 31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13

    Nombre de la empresa GRUPO LAMOSA, S.A.B. DE C.V. Y SUBSIDIARIASMeses del ejercicio 12 12 12 12 12

    Auditado ND ND ND ND ND

    Auditor ND ND ND ND ND

    Opinin

    Analista Eq. 1 Eq. 1 Eq. 1 Eq. 1 Eq. 1

    Acciones en circulacin (miles) 367,856 367,829 367,824 367,824 371,533

    Cifras en miles miles miles miles miles

    Motivo del anlisis Determinar la capacidad de la empresa para servir su deuda

    Datos Macroeconmicos

    Inflacin del ejercicio 3.57% 4.40% 3.82% 3.57% 3.97%

    PIB Total -4.69% 5.11% 3.96% 3.93% 1.07%

    PIB del Sector -6.07% 0.69% 3.95% 2.08% -4.46%

    PIB de la Actividad 4.81% 1.99% 5.50% 4.23% -2.30%TIIE 28 das promedio 5.91% 4.91% 4.82% 4.79% 4.28%

    CETES 28 das promedio 5.39% 4.40% 4.24% 4.24% 3.75%

    LIBOR 3 meses promedio 0.68% 0.34% 0.34% 0.43% 0.27%

    Tipo de cambio nominal promedio anual 13.51$ 12.64$ 12.43$ 13.17$ 12.77$

    Tipo de cambio nominal fin de periodo 13.06$ 12.36$ 13.98$ 13.01$ 13.08$

    Reloj ciclos econmicos INEGI

    Anlisis econmico BBVA Research

    OECD on Mexico

    CAPEM Oxford Economic Forecasting

    II. BALANCE GENERAL

    ACTIVO CLASE Dec-09 Dec-10 Dec-11 Dec-12 Dec-13Circulante: OP/NOP

    11010000 Efectivo e inversiones disponibles 899,423 1,189,191 779,928 1,064,900 626,945

    11030000 Cuentas y documentos por cobrar a clientes ( OP 2,625,903 2,586,304 2,573,048 2,377,983 2,376,266

    Otras cuentas por cobrar y pagos anticipados NO OP 232,736 248,145 424,566 485,946 669,605

    11040000 otras cuentas por cobrar (neto) OP 232,736 248,145 424,566 485,946 669,605

    11060010 Pagos anticipados NO OP

    11060020 Instrumentos financieros derivados NO OP

    Inventarios OP 1,221,530 1,021,102 1,132,622 1,293,963 1,449,775

    11050000 Mercancas generales OP 1,221,530 1,015,647 1,132,052 1,219,985 1,393,244

    11060000 Otros activos circulantes OP 5,455 570 73,978 56,531

    Ropa OP

    Mercancas en trnsito OP

    Reserva para merma OP11000000 Total Activo Circulante 4,979,592 5,044,742 4,910,164 5,222,792 5,122,591

    12020000 Activos de largo plazo 763,727 383,554 258,866 232,167 229,537

    12020010 Inversin en acciones de subsiduarias no cons NO OP 31,800 31,116 27,493 35,235 35,621

    12020040 Otras inversiones 731,927 229,456 231,373 196,932 193,916

    12010000 Cuentas y Documentos por Cobrar (Neto) 0 122,982 0 0 0

    12030000 Inmuebles, planta y equipo neto NO OP 5,401,745 5,145,649 4,906,639 4,974,301 5,048,131

    12030010 Inmuebles NO OP 3,595,395 3,588,418 3,607,570 3,980,620 4,019,567

    12030020 Maquinaria y equipo NO OP 8,271,312 7,654,259 7,725,747 7,705,145 8,034,011

    ANLISIS HISTRICO

    http://www.inegi.org.mx/sistemas/reloj_cicloseco/default.aspx?http://www.bbvaresearch.com/KETD/ketd/esp/nav/geograficas/mexico/index.jsphttp://www.oecd.org/mexico/http://www.capem-oef.com/inicio.asphttp://www.capem-oef.com/inicio.asphttp://www.oecd.org/mexico/http://www.bbvaresearch.com/KETD/ketd/esp/nav/geograficas/mexico/index.jsphttp://www.inegi.org.mx/sistemas/reloj_cicloseco/default.aspx?
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    12030030 Otros equipos NO OP 273,307 269,203 266,985 276,606 309,562

    12030050 Construcciones en proceso NO OP 24,213 101,231 48,115 135,365 134,501

    Depreciacin acumulada OP (6,762,482) (6,467,462) (6,741,778) (7,123,435) (7,449,510)

    12030040 Edificios y construcciones OP (6,762,482) (6,467,462) (6,741,778) (7,123,435) (7,449,510)

    Mobiliario y equipo OP 0 0 0 0 0

    Inmuebles, planta y equipo neto

    Activos intangibles y cargos diferidos NO OP 4,267,996 4,198,236 4,176,886 4,222,397 4,313,494

    Gastos amortizables (Neto) NO OP 208,615 138,855 117,505 012060010 Crdito Mercantil NO OP 267,957 267,957 267,957 365,368 365,368

    12060040 Otros NO OP 3,791,424 3,791,424 3,791,424 3,832,789 3,913,969

    Amortizacin acumulada NO OP 0 0 0 0 0

    12080000 Intangibles neto (otros activos no circ.) 24,240 34,157

    12070000 Otros activos NO OP 535,539 574,202 707,454 495,401 329,081

    10000000 TOTAL ACTIVO 15,948,599 15,346,383 14,960,009 15,147,058 15,042,834

    PASIVO E INVERSION DE LOS ACCIONISTAS

    Pasivo a corto plazo:

    21040000 Proveedores OP 694,932 806,142 1,031,921 1,077,593 1,010,972

    Certificados burstiles y deuda bancaria (Nota NO OP 1,152,806 730,735 307,378 321,618 364,167

    21060020 Instrumentos financieros derivados NO OP 177,532 125,491 1,289 0 0

    Porcin circulante de los certificados a lar NO OP 0 0 0 0 021010000 Prstamo bancario a corto plazo NO OP 975,274 605,244 306,089 321,618 364,167

    Otras cuentas por pagar OP 374,203 458,384 465,722 791,300 1,235,053

    21060010 Interses por pagar OP 24,491 19,139 9,150 4,305 13,084

    21050000 Impuestos por pagar OP 9,145 513 813 167,960 570,814

    21060000 Otros pasivos circulantes OP 340,567 438,732 455,759 619,035 651,155

    21000000 Total pasivo a corto plazo 2,221,941 1,995,261 1,805,021 2,190,511 2,610,192

    Pasivo a largo plazo:

    Deuda a largo plazo NO OP 8,786,440 7,550,914 6,932,895 5,517,184 4,784,603

    22010000 Crditos bancarios NO OP 8,786,440 7,550,914 6,932,895 5,517,184 4,784,603

    Pasivo sin costo con vencimiento a diez a NO OP 0 0 0 0 0

    22040000 Otros pasivos de largo plazo sin costo NO OP 1,453,901 1,831,995 2,104,085 2,253,562 1,895,475

    Estimacin de obligaciones laborales OP 0 0 0 0 0

    Impuesto sobre la renta diferido OP 0 0 0 0 0

    22000000 Total Pasivo a Largo Plazo 10,240,341 9,382,909 9,036,980 7,770,746 6,680,078

    20000000 TOTAL PASIVO 12,462,282 11,378,170 10,842,001 9,961,257 9,290,270

    Inversin de los accionistas:

    30020000 Capital Contable de la participacin no Contro NO OP 92 0 0 0 0

    30030000 Capital Social Pagado NO OP 334,489 334,489 334,489 202,953 202,978

    30050000 Prima en venta de acciones NO OP 149,096 149,096 149,096 139,386 139,386

    30080010 Reserva legal NO OP 480 480 480 480 480

    30080030 Utilidades acumuladas de aos anteriores NO OP 2,837,016 3,152,917 3,655,961 4,082,784 4,881,123

    30090000 Efecto acumuldo por valuacin de inst. Fin. De NO OP (79,331) (99,350) (24,684) (39,240) (28,501)

    30080040 Utilidad neta del ao NO OP 315,900 503,044 75,221 871,901 629,561

    30040000 Recompra de Acciones (71,425) (72,463) (72,555) (72,463) (72,463)

    30000000 TOTAL CAPITAL 3,486,317 3,968,213 4,118,008 5,185,801 5,752,56410000000 TOTAL PASIVO Y CAPITAL CONTABLE 15,948,599 15,346,383 14,960,009 15,147,058 15,042,834

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    III. ESTADO DE RESULTADOS

    40010000 Ventas netas 8,035,413 8,767,926 8,628,146 9,564,974 9,545,317

    40020000 Costo de ventas (5,320,999) (5,515,904) (5,342,304) (5,682,536) (5,790,321)

    40021000 Utilidad bruta 2,714,414 3,252,022 3,285,842 3,882,438 3,754,996

    40030000 Gastos generales (1,662,773) (1,784,025) (1,920,635) (2,242,009) (2,409,215)

    40040000 Utilidad de operacin 1,051,641 1,467,997 1,365,207 1,640,429 1,345,781

    40050000 Otros gastos (ingresos) neto 131,388 164,696 223,821 0 (20,674)

    Resultado integral de financiamiento neto (487,880) (462,526) (1,007,229) (213,350) (372,094)

    40080000 Intereses pagados (817,744) (809,754) (573,365) (524,346) (385,896)

    40070010 Interese ganados 44,533 27,375 28,138 30,130 13,802

    40070020 Utilidad en cambios neta 307,481 319,853 (440,677) 280,866 0

    40080060 Otros gastos financieros (22,150) 0 (21,325) 0 0

    Resultado por posicin monetaria 0 0 0 0 0

    Operaciones financieras de derivados 0 0 0 0 0

    40100000 Participacin en los resultados de asociadas 9,696 0

    40110000 Utilidad de las provisiones de impuestos 432,373 840,775 134,157 1,436,775 994,361

    40120010 Impuesto sobre la renta causado 0 0 (25,707) (315,069) (62,159)

    40120020 Impuesto sobre la renta diferido (116,473) (337,731) (33,229) (249,805) (302,641)

    Crdito IETU 0 0 0 0 0

    40150000 Utilidad Neta 315,900 503,044 75,221 871,901 629,561

    Utilidad por accin en pesos 0.86$ 1.37$ 0.20$ 2.37$ 1.69$

    III. ESTADO DE FLUJOS DE EFECTIVO Dec-09 Dec-10 Dec-11 Dec-12 Dec-13

    RECURSOS GENERADOS POR LAS OPERACIONES

    50010000 Utilidad antes de impuestos a la utilidad 432,373 840,775 134,157 1,436,775 994,361

    50020000 +(-) Partidas sin impacto en el efectivo 12,414 59,058 54,606 37,888 78,758

    Partidas relacionadas con actividades de inversin50030010 Depreciacin y amortizacin 419,225 331,933 313,691 362,443 318,658

    e19 (Utilidad) o prdida por venta de activos fijos (2,680) 0 0 0 0

    50030060 Intereses devengados a favor (44,533) (27,375) (28,138) (30,130) (13,802)

    50030030 Prdida por deterioro 12,292 46,252 13,426 (243,201) 30,960

    e21 Participacin en los resultados de asociadas 15,100 0 0 0 0

    50030080 Otras partidas (307,481) (282,931) 631,441 0 0

    Partidas relacionadas con actividades de financiamiento

    50040000 Intereses devengados a cargo 817,744 809,754 573,365 524,346 385,896

    50040040 (+) - otras partidas 127,861 (36,922) 21,325 0

    50050000 TOTAL DE RECURSOS GENERADOS POR LAS OPERACIONES ( 1,482,315 1,740,544 1,713,873 2,088,121 1,794,831

    FLUJOS GENERADOS O UTILIZADOS EN LA OPERACIN (PF)

    50060010 Clientes 287,285 (112,442) 104,450 (14,704) (9,721)50060020 Inventarios 393,710 698,204 (146,270) (88,020) (176,147)

    50060040 Proveedores ver b79 (293,612) 111,210 225,779 45,672 (66,621)

    e29 Otras cuentas por cobrar (166,185) 0 0 0 0

    Otras cuentas por pagar 0 0 0 0 0

    50060050 Otros Pasivos 316,137 28,517 (87,968) 21,653 46,698

    50060060 Impuestos a la utilidad pagados 0 3,435 (40,209) (100,557) (409,882)

    50060000 VARIACIONES EN CAPITAL DE TRABAJO 537,335 728,924 55,782 (135,956) (615,673)

    50070000 FLUJO DE OPERACIN NETO 2,019,650 2,469,468 1,769,655 1,952,165 1,179,158

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    ACTIVIDADES DE INVERSIN

    50080070 Activos intangibles 0 0 0 (57,330) (81,180)

    50080030 Adquisicin de inmuebles, mobiliario y equipo (27,741) (105,653) (94,487) (184,058) (423,140)

    50080040 Venta de activo fijo 0 0 0 0

    50080120 Intereses cobrados 0 0 30,130 13,802

    Otras actividades de inversin 0 0 0 0

    50080000 FLUJOS NETOS DE EFECTIVO DE ACTIVIDADES DE INVERSIN (27,741) (105,653) (94,487) (211,258) (490,518)

    FLUJO (NECESARIO) EXCEDENTE 1,991,909 2,363,815 1,675,168 1,740,907 688,640

    FINANCIAMIENTO

    50090060 Otros financiamientos 5,913 2,161 7,638 (14,657) (20,326)

    50090040 Amortizacin de financiamientos (758,396) (1,303,393) (1,447,026) (984,034) (737,450)

    50090110 Intereses pagados (817,281) (759,216) (552,290) (474,959) (297,012)

    50090080 Dividendos pagados 0 0 0 0 (73,562)

    50090130 + (-) otras partidas (97,203) 0 (190,764) 0 0

    50090120 - Recompra de acciones 0 (1,038) (94) 0 0

    FLUJOS NETOS DE EFECTIVO DE FINANCIAMIENTO (1,666,967) (2,061,486) (2,182,536) (1,473,650) (1,128,350)

    50100000 INCREMENTO (DISMINUCION) EN CAJA Y DISPONIBILIDADE 324,942 302,329 (507,368) 267,257 (439,710)

    50120000 SALDO INCIAL EN CAJA E INV. TEMP. 574,481 899,423 1,189,191 779,928 1,064,900

    50130000 SALDO FINAL EN CAJA E INV. TEMP. 899,423 1,189,191 779,928 1,064,900 626,945

    50110000 DIFERENCIA EN CAMBIOS EN EL EFECTIVO Y EQUIVALEN 0 (12,561) 98,105 17,715 1,755

    50100000 INCREMENTO O DISMINUCION 324,942 302,329 (507,368) 267,257 (439,710)

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    I.- PREMISAS

    31-Dec-09 31-Dec-10 31-Dec-11 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec

    Generales

    Crecimiento nominal en ventas 9.1% -1.6% 10.9% -0.2% 5.33% 5.33% 5.33

    Deuda financiera incremental -$ -$ $

    Saldo de efectivo 1,105$ 1,580$ 2$

    Activos circulantes / Ventas 62% 58% 57% 55% 54% 52.7% 52.7% 52.7

    Pasivos a corto plazo / Ventas 13% 14% 17% 20% 24% 24.5% 24.5% 24.5

    Pasivos de largo plazo / Ventas 18% 21% 24% 24% 19.9% 22.2% 22.2% 22.2

    Activos fijos netos / Ventas 127% 113% 113% 101% 102% 100.52% 99.52% 98.52

    Inversin en activos fijos (28) (106) (94) (184) (423) (514) (772)

    Costos / Ventas 66% 62.9% 61.9% 59.4% 60.7% 60.7% 60.7% 60.7

    Gastos / Ventas 15% 17% 19% 20% 22% 19.2% 19.8% 20.1

    Tasa de depreciacin anual 2.47% 2.03% 1.90% 2.16% 1.86% 1.86% 1.9% 1.9%

    Tasa de inters (Deuda bancaria) 8.28% 8.28% 8.28% 8.28

    Tasa de interes de inversiones 4.43% 3.68% 3.62% 3.59% 3.21% 3.21% 3.21% 3.21

    Tasa de ISR 26.9% 40.2% 43.9% 39.3% 36.7% 30% 30% 30%

    Factor de ajuste 100% 100% 100%Tasa de ISR ajustada 30% 30% 30%

    Ratio de dividendos 0% 0% 0%

    Dividendos - - - - (74) - -

    Utilidades retenidas 316 503 75 872 556 910 939

    Acciones en circulacin (millones) 368 368 368 368 372 372 372

    Valuacin de la empresa

    Costo de capital (WACC) 10.87% 28.75$ Precio de mercado real

    Tasa de crecimiento de flujo de largo plazo 6.00% 15.48$ Valor contable

    9.82%

    WACC NOTA: DATOS AL 31-DIC-11 (t0) 15,275.18$ Valor del negocio en marcha

    Kd = 8.2807% Se determin con base a TIIE 28 das promedi 626.95$ Saldo inicial de efectivo

    KS = 10.3100% Se determin en base al promedio de la Tasa 15,902.13$ Valor total de los activos previo a la pr

    Market Risk Premium (MRP) = 4.00% Se determin en base a la espectativa de los i 5,148.77-$ Disminucin del valor de la deudaRFR = 6.31% Se determin en base al promedio de la Tasa 10,753.36$ Valor del capital

    Beta = 1.75 Se determin en base a la volatilidad del Mer 371.53$ Acciones en circulacin

    Tasa de impuestos = 30.00% En base a la legislacn fiscal 2014 vigente ISR 28.94$ Valor por accin

    Deuda financiera = 5,149$ 32.52% Obtenida del Balance Genera 5.3%

    Capitalizacin de mercado = 10,682$ 67.48% Obtenidad del producto de valor de la accin en el ao t0 multiplicado por el nme15,830$ 100.00%

    Kd X (1 - T) = 5.80%

    KS = RFR + Beta X MRP = 13.31%

    [Kd X (1 - T)] X [wd] + [KS] X [ws]

    WACC = 5.80% 32.52% 13.31% 67.48% 10.87%

    VALUACION DE NEGOCIO EN MARCHA

    ORGANIZACIN SORIANA, SAB DE CV Y SUBSIDIARIAS

    HISTRICO t0

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    II.- ESTADOS FINANCIEROS

    Ao 2009 2010 2011 2012 2013 2014 2015 201

    Estado de Resultados

    Ventas 8,035 8,768 8,628 9,565 9,545 10,054 10,590 1

    Costo de mercancas vendidas (5,321) (5,516) (5,342) (5,683) (5,790) (6,099) (6,424) (Gastos generales (1,244) (1,452) (1,607) (1,880) (2,091) (1,929) (2,101) (

    Depreciaciones y amortizaciones (419) (332) (314) (362) (319) (328) (340)

    Resultado de operacin 1,052 1,468 1,365 1,640 1,346 1,699 1,725

    Otros ingresos (gastos) y asociadas (154) (165) (245) 10 21

    Intereses pagados (818) (810) (573) (524) (386) (426) (426)

    Productos financieros 45 27 28 30 14 28 43

    Fluctuaciones cambiarias y REPOMO 307 320 (441) 281 -

    Utilidades antes de impuestos 432 841 134 1,437 994 1,300 1,342

    ISR (116) (338) (59) (565) (365) (390) (403)

    Utilidad despus de impuestos 316 503 75 872 630 910 939

    Balance General

    Activos

    Caja y bancos 899 1,189 780 1,065 627 1,105 1,580

    Activos circulantes 4,080 3,856 4,130 4,158 4,496 5,295 5,577

    Activos fijos

    Totales 17,731 16,769 16,792 17,048 17,370 17,884 18,656 1

    Depreciacion y amortizacin (6,762) (6,467) (6,742) (7,123) (7,450) (7,777) (8,117) (

    Activos fijos netos 10,969 10,302 10,050 9,924 9,920 10,107 10,539 1

    Activos totales 15,948.599 15,346 14,960 15,147 15,043 16,507 17,697 1

    Pasivos

    Pasivos de corto plazo operativos 1,069 1,265 1,498 1,869 2,246 2,466 2,598

    Pasivos de largo plazo operativos 1,454 1,832 2,104 2,254 1,895 2,229 2,348

    Acreedores - - - - -

    Deuda total 9,939 8,282 7,240 5,839 5,149 5,149 5,149

    Pasivos totales 12,462 11,378 10,842 9,961 9,290 9,845 10,095 1Capital 484 484 484 343 343 343 343

    Utilidades retenidas 3,002 3,484 3,634 4,843 5,410 6,320 7,259

    Total capital contable 3,486 3,968 4,118 5,186 5,753 6,663 7,602 Pasivo ms capital contable 15,948.599 15,346 14,960 15,147 15,043 16,507 17,697 1

    2010 2011 2012 2013 2014 2015 201

    Flujo de efectivo

    Utilidad despus de impuestos (Neta) 503 75 872 630 910 939

    Depreciaciones del ejercicio 419 332 314 362 328 340

    (Increm) dism activos circulantes sin efvo 225 (275) (28) (338) (799) (282)

    Increm (dism) de pasivos de c plazo operativos 195 233 371 377 220 131

    Increm (dism) de pasivos de l plazo operativos 378 272 149 (358) 334 119 (Incremento) disminucin de activos fijos (28) (106) (94) (241) (514) (772)

    Adicin de intereses despus de impuestos 484 321 318 244 298 298

    Disminucin de intereses ganados (16) (16) (18) (9) (19) (30)

    Flujo de efectivo libre 2,161 838 1,884 667 757 743

    Tasa de crecimiento -61% 125% -65% 13% -2%

    HISTRICO

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    III.- RAZONES FINANCIERAS Y OTROS INDICADORES

    Liquidez 0.53 0.56 0.68 0.69 0.84 0.92

    Endeudamiento 2.87 2.63 1.92 1.61 1.48 1.33

    Margen de operacin 67% 66% 63% 64% 64% 64%

    Margen neto 6% 1% 9% 7% 9% 9%

    Flujo libre / Ventas 25% 10% 20% 7% 8% 7%

    ROE (Contable) 13% 2% 17% 11% 14% 12%

    Incremento en caja 478 475 Incremento en caja acumulado 478 953 1

    IV.- VALUACIN DEL NEGOCIO EN MARCHA

    Mtodo de flujos descontadosAo 0 1 2 3

    FCF 757 743

    Valor terminal

    Total 757 743

    Precio de mercado real 11.88$ 18.91$ 15.84$ 19.81$ 28.75$ 27.00$ 27.00$

    Valor contable 9.48$ 10.79$ 11.20$ 14.10$ 15.48$ 17.93$ 20.46$ 2$

    13.8% 3.8% 25.9% 9.8% 15.8% 14.1% 1

    Valor del negocio en marcha 15,275

    Saldo inicial de efectivo 627 Tasa de crecimiento deValor total de los activos previo a la prima de liquidez 15,902

    Disminucin del valor de la deuda (5,149)

    Valor del capital 10,753

    Acciones en circulacin 372

    Valor por accin 28.94$

    VI.- ANLISIS DE SENSIBILIDAD

    EV28.94$ 7.9% 8.9% 9.9% 10.9% 11.9% 12.9% 13.9%

    2.0% 31.97$ 25.32$ 20.37$ 16.56$ 13.53$ 11.08$ $

    3.0% 37.89$ 29.20$ 23.05$ 18.48$ 14.95$ 12.15$ $

    4.0% 46.88$ 34.67$ 26.64$ 20.96$ 16.73$ 13.47$ 1$

    5.0% 62.14$ 42.98$ 31.71$ 24.28$ 19.03$ 15.11$ 1$

    6.0% 93.75$ 57.09$ 39.39$ 28.97$ 22.11$ 17.24$ 1$

    7.0% 198.37$ 86.31$ 52.44$ 36.09$ 26.45$ 20.10$ 1$

    8.0% -$ 183.04$ 79.49$ 48.18$ 33.05$ 24.13$ 1$

    9.0% -$ -$ 168.98$ 73.21$ 44.24$ 30.24$ 2$

    10.0% -$ -$ -$ 156.07$ 67.44$ 40.62$ 2$

    11.0% -$ -$ -$ -$ 144.21$ 62.13$ 3$

    12.0% -$ -$ -$ -$ -$ 133.31$ 5$ TASADECRECIMIENTODEL

    FL

    JL

    IBRE(FCF)

    WACC

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    GRUPO LAMOSA, S. A. B. DE C. V.

    Y AFILIADAS

    Sector: INDUSTRIAL

    Subsector: BIENES DE EQUIPO

    Ramo: PRODUCTOS PARA LA CONSTRUCCION

    Subramo: MATERIALES PARA LA CONSTRUCCION

    Actividad econmica:MANUFACTURA Y VENTA DE PRODUCTOS PARA LA CONSTRUCCIN COMO REVESTIMIENTOSSANITARIOS Y ADHESIVOS CERMICOS.

    Principales productos y/o servicios:PISOS, AZULEJOS, PORCELNICOS ESMALTADOS, ADHESIVOS CERMICOS, EMBOQUILLADOIMPERMEABILIZANTES, INODOROS, LAVABOS, TAZAS DE FLUXMETRO Y MINGITORIOS.

    Clave de cotizacin: LAMOSA

    Series: Capitales

    Fecha de constitucin: 12/24/1929

    Fecha de listado en la BMV: 3/7/1951

    Relacin con Inversionistas: C.P. MOISES IVAN BENAVIDES (RELACION CON INVERSIONISTAS)

    Telfono: 8180474200

    E-mail: [email protected]

    Oficinas Corporativas: AV. PEDRO RAMIREZ VAZQUEZ NO. 200-1, VALLE OTE, 66269, SAN PEDRO GARZA GARC, NL

    Telfono: 80474200

    Fax: 80474234

    Direccin de internet: www.lamosa.com

    Kd = 8.2807% Se determin con base a TIIE 28 das promedio 2013 + 4 PUNTOS

    KS = 10.3100%Se determin en base al promedio de Valores Gubernamentales Resultados d

    Tasa de rendimiento Bono tasa fija 10 aos + tasa de riego libre

    Market Risk Premium (MRP) = 4.00% Se determin en base a la espectativa de los inversionistas

    RFR = 6.31%Se determin en base al promedio de Valores Gubernamentales Resultados d

    Tasa de rendimiento Bono tasa fija 10 aos en el perido de enero abril 2014Beta = 1.75 Se determin en base a la volatilidad del Mercado de la Construcin (Ref: Gra

    La razn de activos circulantes a ventas fue pronosticada en forma conservadora debido a una disminucin del 1.3% del valor reportad

    2013 continuando con la tendencia a la baja, durante el periodo del 2009 al 2013.

    En cuanto al relacin de pasivos a corto plazo con respecto a als ventas, se est proyectando un incremento del 0.5% fundamentado en

    nominal en ventas previamente indicado. Misma situacin que por congruencia se da en la relacin de los pasivos a largo plazo con res

    Atendiendo a las consideraciones previamente referidas se concluye que el valor del negocio en marcha GRUPO LAMOSA, S. A. B. DE C.

    CONCLUSIONES RELATIVAS A LA VALUACIN DE LA EMPRESA GRUPO LAMOSA

    Historia de la empresa:

    En 1890 Inicia operaciones como una fbrica de ladrillos en Monterrey, N.L. En 1929 la empresa es adquirida por las Familias Elosa y Valdes, constituyndose cS.A. En 1933 se convierte en pionera en Mxico en la fabricacin industrial de revestimientos cermicos como pisos y azulejos. En 1957 Inicia operaciones el negcon la marca ?Crest?. En 1963 la compaa ampli nuevamente su portafolio de productos al iniciarse en la fabricacin de muebles sanitarios. En la dcada de losconstruccin de desarrollos inmobiliarios residenciales y comerciales en la zona metropolitana de Monterrey. En 1995 Ladrillera Monterrey, S.A. modifica su denoGrupo Lamosa, S.A. de C.V. En 2007 se adquiere Porcelanite Holding, S.A. de C.V., subsidiaria de Grupo Carso, convirtiendo a Grupo Lamosa en el fabricante de ms grande del mundo en trminos de capacidad instalada.

    Se propone un crecimiento nominal en ventas del 5.33% que resulta ligeramente superior al promedio histrico del 4.50 %, fundament

    del crecimiento del PIB nacional.

    El promedio ponderado del costo del capital (WACC) result ser del 10.87%, lo que resulta congruente con las tasas vigentes del merca

    El ltimo valor unitario por accin en el mercado fue de $28.75 para diciembre de 2013, que comparado con el valor proyectado de $2

    incremento de 0.66%.

    mailto:[email protected]://www.lamosa.com/http://www.lamosa.com/mailto:[email protected]
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    Atendiendo a las consideraciones previamente referidas se concluye que el valor del negocio en marcha GRUPO LAMOSA, S. A. B. DE C.

    $ Open High Low Close Volume Adj Close

    1/11/2000 3.05 3.05 3.05 3.05 0 0.98

    1/12/2000 3.05 3.05 3.05 3.05 0 0.98

    1/13/2000 3.05 3.05 3.05 3.05 0 0.98

    1/14/2000 3.05 3.05 3.05 3.05 0 0.98

    1/17/2000 3.05 3.05 3.05 3.05 0 0.98

    1/18/2000 3.05 3.05 3.05 3.05 0 0.981/19/2000 3.05 3.05 3.05 3.05 0 0.98

    1/20/2000 3.05 3.05 3.05 3.05 0 0.98

    1/21/2000 3.05 3.05 3.05 3.05 0 0.98

    1/24/2000 3.05 3.05 3.05 3.05 0 0.98

    1/25/2000 3.05 3.05 3.05 3.05 0 0.98

    1/26/2000 3.05 3.05 3.05 3.05 0 0.98

    1/27/2000 3.05 3.05 3.05 3.05 0 0.98

    1/28/2000 3.05 3.05 3.05 3.05 0 0.98

    2/1/2000 3.04 3.04 3.04 3.04 0 0.97

    2/2/2000 3.04 3.04 3.04 3.04 0 0.97

    2/3/2000 3.04 3.04 3.04 3.04 0 0.97

    2/4/2000 3.04 3.04 3.04 3.04 0 0.97

    2/7/2000 3.04 3.04 3.04 3.04 0 0.97

    2/8/2000 3.04 3.04 3.04 3.04 0 0.97

    2/9/2000 3.04 3.04 3.04 3.04 0 0.97

    2/10/2000 3.04 3.04 3.04 3.04 0 0.97

    2/11/2000 3.04 3.04 3.04 3.04 0 0.97

    2/14/2000 3.04 3.04 3.04 3.04 0 0.97

    2/15/2000 3.04 3.04 3.04 3.04 0 0.97

    2/16/2000 3.04 3.04 3.04 3.04 0 0.97

    2/17/2000 3.04 3.04 3.04 3.04 0 0.97

    2/18/2000 3.04 3.04 3.04 3.04 0 0.97

    2/21/2000 3.04 3.04 3.04 3.04 0 0.97

    2/23/2000 2.71 2.71 2.71 2.71 0 0.87

    2/24/2000 2.71 2.71 2.71 2.71 0 0.87

    2/25/2000 2.71 2.71 2.71 2.71 0 0.87

    3/1/2000 2.69 2.69 2.69 2.69 0 0.86

    3/2/2000 2.69 2.69 2.69 2.69 0 0.86

    3/3/2000 2.69 2.69 2.69 2.69 0 0.86

    3/7/2000 2.79 2.79 2.79 2.79 0 0.9

    3/8/2000 2.79 2.79 2.79 2.79 0 0.93/9/2000 2.79 2.79 2.79 2.79 0 0.9

    3/10/2000 2.79 2.79 2.79 2.79 0 0.9

    3/14/2000 2.87 2.87 2.87 2.87 0 0.92

    3/15/2000 2.87 2.87 2.87 2.87 0 0.92

    3/16/2000 2.87 2.87 2.87 2.87 0 0.92

    3/17/2000 2.87 2.87 2.87 2.87 0 0.92

    3/21/2000 2.97 2.97 2.97 2.97 0 0.95

    3/23/2000 2.64 2.64 2.64 2.64 0 0.85

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    3/24/2000 2.64 2.64 2.64 2.64 0 0.85

    3/28/2000 2.6 2.6 2.6 2.6 0 0.83

    3/29/2000 2.6 2.6 2.6 2.6 0 0.83

    3/30/2000 2.6 2.6 2.6 2.6 0 0.83

    3/31/2000 2.6 2.6 2.6 2.6 0 0.83

    4/3/2000 2.6 2.6 2.6 2.6 0 0.83

    4/4/2000 2.6 2.6 2.6 2.6 0 0.834/5/2000 2.6 2.6 2.6 2.6 0 0.83

    4/6/2000 2.6 2.6 2.6 2.6 0 0.83

    4/10/2000 2.53 2.53 2.53 2.53 0 0.81

    4/11/2000 2.53 2.53 2.53 2.53 0 0.81

    4/12/2000 2.53 2.53 2.53 2.53 0 0.81

    4/13/2000 2.53 2.53 2.53 2.53 0 0.81

    4/14/2000 2.53 2.53 2.53 2.53 0 0.81

    4/18/2000 2.54 2.54 2.54 2.54 0 0.82

    4/19/2000 2.54 2.54 2.54 2.54 0 0.82

    4/20/2000 2.54 2.54 2.54 2.54 0 0.82

    4/21/2000 2.54 2.54 2.54 2.54 0 0.82

    4/25/2000 2.54 2.54 2.54 2.54 0 0.82

    4/26/2000 2.54 2.54 2.54 2.54 0 0.82

    4/27/2000 2.54 2.54 2.54 2.54 0 0.82

    4/28/2000 2.54 2.54 2.54 2.54 0 0.82

    5/1/2000 2.54 2.54 2.54 2.54 0 0.82

    5/3/2000 2.55 2.55 2.55 2.55 0 0.82

    5/4/2000 2.55 2.55 2.55 2.55 0 0.82

    5/5/2000 2.55 2.55 2.55 2.55 0 0.82

    5/9/2000 2.55 2.55 2.55 2.55 0 0.82

    5/10/2000 2.55 2.55 2.55 2.55 0 0.82

    5/11/2000 2.55 2.55 2.55 2.55 0 0.82

    5/12/2000 2.55 2.55 2.55 2.55 0 0.82

    5/15/2000 2.55 2.55 2.55 2.55 0 0.82

    5/16/2000 2.55 2.55 2.55 2.55 0 0.82

    5/17/2000 2.55 2.55 2.55 2.55 0 0.82

    5/18/2000 2.55 2.55 2.55 2.55 0 0.82

    5/19/2000 2.55 2.55 2.55 2.55 0 0.82

    5/23/2000 2.55 2.55 2.55 2.55 0 0.82

    5/24/2000 2.55 2.55 2.55 2.55 0 0.82

    5/25/2000 2.55 2.55 2.55 2.55 0 0.825/26/2000 2.55 2.55 2.55 2.55 0 0.82

    5/29/2000 2.55 2.55 2.55 2.55 0 0.82

    5/30/2000 2.55 2.55 2.55 2.55 0 0.82

    5/31/2000 2.55 2.55 2.55 2.55 0 0.82

    6/1/2000 2.55 2.55 2.55 2.55 0 0.82

    6/2/2000 2.55 2.55 2.55 2.55 0 0.82

    6/6/2000 2.47 2.47 2.47 2.47 0 0.79

    6/9/2000 2.27 2.27 1.35 1.35 0 0.43

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    6/15/2000 1.81 1.81 1.49 1.49 0 0.48

    6/19/2000 1.78 1.78 1.62 1.62 0 0.52

    6/21/2000 1.98 1.98 1.63 1.63 0 0.52

    6/22/2000 1.98 1.98 1.63 1.63 0 0.52

    6/23/2000 1.98 1.98 1.68 1.68 0 0.54

    6/28/2000 1.82 1.82 1.29 1.29 0 0.41

    6/29/2000 1.98 1.98 1.65 1.65 0 0.536/30/2000 1.98 1.98 1.65 1.65 0 0.53

    7/4/2000 1.98 1.98 1.24 1.24 0 0.4

    7/5/2000 1.98 1.98 1.24 1.24 0 0.4

    7/6/2000 1.98 1.98 1.24 1.24 0 0.4

    7/7/2000 1.98 1.98 1.24 1.24 0 0.4

    7/11/2000 1.94 1.94 1.33 1.33 0 0.43

    7/13/2000 1.94 1.94 1.39 1.39 0 0.44

    7/18/2000 1.93 1.93 1.93 1.93 0 0.62

    7/19/2000 1.93 1.93 1.93 1.93 0 0.62

    7/20/2000 1.93 1.93 1.93 1.93 0 0.62

    7/24/2000 1.95 1.95 1.95 1.95 0 0.62

    7/25/2000 1.95 1.95 1.95 1.95 0 0.62

    7/27/2000 1.91 1.91 1.42 1.42 0 0.46

    7/28/2000 1.91 1.91 1.42 1.42 0 0.46

    8/1/2000 1.78 1.78 1.42 1.42 0 0.46

    8/2/2000 1.42 1.42 1.42 1.42 0 0.46

    8/3/2000 1.78 1.78 1.24 1.24 0 0.4

    8/4/2000 1.78 1.78 1.24 1.24 0 0.4

    8/8/2000 1.88 1.88 1.65 1.65 0 0.53

    8/9/2000 1.82 1.82 1.64 1.64 0 0.53

    8/11/2000 1.88 1.88 1.68 1.68 0 0.54

    8/15/2000 1.87 1.87 1.66 1.66 0 0.53

    8/16/2000 1.87 1.87 1.66 1.66 0 0.53

    8/18/2000 1.87 1.87 1.66 1.66 0 0.53

    8/22/2000 1.87 1.87 1.87 1.87 0 0.6

    8/23/2000 1.87 1.87 1.87 1.87 0 0.6

    8/24/2000 2.01 2.01 1.67 1.67 0 0.54

    8/25/2000 1.91 1.91 1.67 1.67 0 0.54

    8/28/2000 2.03 2.03 1.68 1.68 0 0.54

    8/29/2000 2.03 2.03 1.68 1.68 0 0.54

    8/30/2000 2.03 2.03 1.87 1.87 0 0.69/1/2000 2.03 2.03 1.68 1.68 0 0.54

    9/4/2000 1.91 1.91 1.75 1.75 0 0.56

    9/5/2000 1.91 1.91 1.75 1.75 0 0.56

    9/6/2000 1.95 1.95 1.75 1.75 0 0.56

    9/7/2000 1.98 1.98 1.75 1.75 0 0.56

    9/8/2000 1.91 1.91 1.75 1.75 0 0.56

    9/13/2000 1.89 1.89 1.67 1.67 0 0.54

    9/14/2000 1.89 1.89 1.67 1.67 0 0.54

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    9/19/2000 2.31 2.31 1.35 1.35 0 0.43

    9/20/2000 2.31 2.31 1.35 1.35 0 0.43

    9/21/2000 2.31 2.31 1.35 1.35 0 0.43

    9/22/2000 2.3 2.3 1.7 1.7 0 0.55

    9/26/2000 2.05 2.05 1.72 1.72 0 0.55

    9/27/2000 2.05 2.05 1.72 1.72 0 0.55

    9/28/2000 1.89 1.89 1.72 1.72 0 0.559/29/2000 1.89 1.89 1.72 1.72 0 0.55

    10/3/2000 1.89 1.89 1.32 1.32 0 0.42

    10/4/2000 1.89 1.89 1.32 1.32 0 0.42

    10/5/2000 1.32 1.32 1.32 1.32 0 0.42

    10/6/2000 1.89 1.89 1.32 1.32 0 0.42

    10/10/2000 1.89 1.89 1.32 1.32 0 0.42

    10/11/2000 1.89 1.89 1.32 1.32 0 0.42

    10/12/2000 1.89 1.89 1.32 1.32 0 0.42

    10/13/2000 1.89 1.89 1.32 1.32 0 0.42

    10/16/2000 1.89 1.89 1.32 1.32 0 0.42

    10/17/2000 1.89 1.89 1.32 1.32 0 0.42

    10/18/2000 1.89 1.89 1.32 1.32 0 0.42

    10/19/2000 1.89 1.89 1.32 1.32 0 0.42

    10/20/2000 1.89 1.89 1.32 1.32 0 0.42

    10/24/2000 1.89 1.89 1.89 1.89 0 0.61

    10/25/2000 1.89 1.89 1.32 1.32 0 0.42

    10/26/2000 1.89 1.89 1.32 1.32 0 0.42

    10/27/2000 1.89 1.89 1.32 1.32 0 0.42

    10/30/2000 1.89 1.89 1.32 1.32 0 0.42

    10/31/2000 1.89 1.89 1.32 1.32 0 0.42

    11/1/2000 1.89 1.89 1.32 1.32 0 0.42

    11/2/2000 1.32 1.32 1.32 1.32 0 0.42

    11/3/2000 1.89 1.89 1.32 1.32 0 0.42

    11/6/2000 1.88 1.88 1.37 1.37 0 0.44

    11/7/2000 1.88 1.88 1.37 1.37 0 0.44

    11/8/2000 1.88 1.88 1.37 1.37 0 0.44

    11/9/2000 1.88 1.88 1.37 1.37 0 0.44

    11/14/2000 1.87 1.87 1.87 1.87 0 0.6

    11/15/2000 1.87 1.87 1.35 1.35 0 0.43

    11/16/2000 1.87 1.87 1.35 1.35 0 0.43

    11/17/2000 1.87 1.87 1.35 1.35 0 0.4311/20/2000 1.35 1.35 1.35 1.35 0 0.43

    11/22/2000 1.87 1.87 1.35 1.35 0 0.43

    11/23/2000 1.87 1.87 1.35 1.35 0 0.43

    11/24/2000 1.87 1.87 1.35 1.35 0 0.43

    11/27/2000 1.86 1.86 1.35 1.35 0 0.43

    11/28/2000 1.86 1.86 1.35 1.35 0 0.43

    11/29/2000 1.86 1.86 1.35 1.35 0 0.43

    11/30/2000 1.86 1.86 1.35 1.35 0 0.43

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    12/1/2000 1.35 1.35 1.35 1.35 0 0.43

    12/4/2000 1.35 1.35 1.35 1.35 0 0.43

    12/5/2000 1.86 1.86 1.35 1.35 0 0.43

    12/6/2000 1.86 1.86 1.35 1.35 0 0.43

    12/11/2000 1.33 1.33 1.19 1.19 0 0.38

    12/12/2000 1.19 1.19 1.19 1.19 0 0.38

    12/13/2000 1.45 1.45 1.22 1.22 0 0.3912/15/2000 1.45 1.45 1.12 1.12 0 0.36

    12/18/2000 1.45 1.45 1.09 1.09 0 0.35

    12/20/2000 1.45 1.45 0.98 0.98 0 0.32

    12/22/2000 1.58 1.58 0.98 0.98 0 0.32

    12/28/2000 1.75 1.75 1.35 1.35 0 0.43

    1/1/2001 1.81 1.81 1.81 1.81 0 0.58

    1/3/2001 1.81 1.81 1.11 1.11 0 0.36

    1/4/2001 1.81 1.81 1.11 1.11 0 0.36

    1/5/2001 1.81 1.81 1.11 1.11 0 0.36

    1/9/2001 1.98 1.98 1.49 1.49 0 0.48

    1/10/2001 1.81 1.81 1.11 1.11 0 0.36

    1/11/2001 1.78 1.78 1.62 1.62 0 0.52

    1/16/2001 1.81 1.81 1.02 1.02 0 0.33

    1/17/2001 1.81 1.81 1.49 1.49 0 0.48

    1/18/2001 1.81 1.81 1.65 1.65 0 0.53

    1/19/2001 1.8 1.8 1.52 1.52 0 0.49

    1/22/2001 1.79 1.79 1.62 1.62 0 0.52

    1/23/2001 1.79 1.79 1.65 1.65 0 0.53

    1/24/2001 1.79 1.79 1.65 1.65 0 0.53

    1/30/2001 1.65 1.65 1.07 1.07 0 0.34

    2/6/2001 1.49 1.49 1.32 1.32 0 0.42

    2/7/2001 1.49 1.49 1.32 1.32 0 0.42

    2/9/2001 1.49 1.49 1.16 1.16 0 0.37

    2/15/2001 1.38 1.38 1.22 1.22 0 0.39

    2/16/2001 1.39 1.39 1.22 1.22 0 0.39

    2/19/2001 1.48 1.48 1.25 1.25 0 0.4

    2/20/2001 1.45 1.45 1.32 1.32 0 0.42

    2/21/2001 1.49 1.49 1.32 1.32 0 0.42

    2/22/2001 1.49 1.49 1.32 1.32 0 0.42

    2/27/2001 1.43 1.43 1.25 1.25 0 0.4

    2/28/2001 1.43 1.43 0.99 0.99 0 0.323/1/2001 1.43 1.43 0.99 0.99 0 0.32

    3/2/2001 1.43 1.43 0.99 0.99 0 0.32

    3/6/2001 1.49 1.49 1.29 1.29 0 0.41

    3/7/2001 1.49 1.49 1.06 1.06 0 0.34

    3/8/2001 1.49 1.49 1.32 1.32 0 0.42

    3/9/2001 1.49 1.49 1.32 1.32 0 0.42

    3/13/2001 1.45 1.45 1.32 1.32 0 0.42

    3/14/2001 1.45 1.45 1.32 1.32 0 0.42

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    3/15/2001 1.45 1.45 1.32 1.32 0 0.42

    3/16/2001 1.45 1.45 1.32 1.32 0 0.42

    3/19/2001 1.32 1.32 1.06 1.06 0 0.34

    3/20/2001 1.42 1.42 1.06 1.06 0 0.34

    3/21/2001 1.06 1.06 1.06 1.06 0 0.34

    3/22/2001 1.42 1.42 1.06 1.06 0 0.34

    3/23/2001 1.42 1.42 1.06 1.06 0 0.343/28/2001 1.4 1.4 1.25 1.25 0 0.4

    3/29/2001 1.4 1.4 1.29 1.29 0 0.41

    3/30/2001 1.4 1.4 1.29 1.29 0 0.41

    4/2/2001 1.29 1.29 1.29 1.29 0 0.41

    4/3/2001 1.29 1.29 1.29 1.29 0 0.41

    4/4/2001 1.29 1.29 1.29 1.29 0 0.41

    4/5/2001 1.29 1.29 1.29 1.29 0 0.41

    4/9/2001 1.26 1.26 1.26 1.26 0 0.4

    4/11/2001 1.23 1.23 1.23 1.23 0 0.39

    4/12/2001 1.23 1.23 1.23 1.23 0 0.39

    4/13/2001 1.23 1.23 1.23 1.23 0 0.39

    4/16/2001 1.23 1.23 1.23 1.23 0 0.39

    4/17/2001 1.23 1.23 1.23 1.23 0 0.39

    4/20/2001 1.25 1.25 1.25 1.25 0 0.4

    4/24/2001 1.25 1.25 1.25 1.25 0 0.4

    4/25/2001 1.25 1.25 1.25 1.25 0 0.4

    4/26/2001 1.32 1.32 0.91 0.91 0 0.29

    4/27/2001 1.32 1.32 0.91 0.91 0 0.29

    4/30/2001 1.29 1.29 0.83 0.83 0 0.26

    5/1/2001 0.83 0.83 0.83 0.83 0 0.26

    5/2/2001 0.83 0.83 0.83 0.83 0 0.26

    5/3/2001 1.32 1.32 0.83 0.83 0 0.26

    5/4/2001 1.32 1.32 0.83 0.83 0 0.26

    5/8/2001 1.32 1.32 1.32 1.32 0 0.42

    5/9/2001 1.32 1.32 1.32 1.32 0 0.42

    5/10/2001 1.32 1.32 0.81 0.81 0 0.26

    5/11/2001 1.32 1.32 1.25 1.25 0 0.4

    5/14/2001 1.32 1.32 0.81 0.81 0 0.26

    5/15/2001 1.32 1.32 1.25 1.25 0 0.4

    5/17/2001 1.32 1.32 1.25 1.25 0 0.4

    5/18/2001 1.32 1.32 1.25 1.25 0 0.45/21/2001 1.5 1.5 1.25 1.25 0 0.4

    5/22/2001 1.45 1.45 0.95 0.95 0 0.31

    5/23/2001 1.49 1.49 0.95 0.95 0 0.31

    5/24/2001 1.49 1.49 0.95 0.95 0 0.31

    5/25/2001 1.49 1.49 0.95 0.95 0 0.31

    5/28/2001 1.49 1.49 0.95 0.95 0 0.31

    5/30/2001 1.32 1.32 1.32 1.32 0 0.42

    5/31/2001 1.49 1.49 1.16 1.16 0 0.37

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    6/1/2001 1.49 1.49 0.95 0.95 0 0.31

    6/4/2001 1.49 1.49 1.16 1.16 0 0.37

    6/6/2001 1.49 1.49 1.32 1.32 0 0.42

    6/7/2001 1.49 1.49 1.32 1.32 0 0.42

    6/8/2001 1.49 1.49 1.32 1.32 0 0.42

    6/12/2001 1.32 1.32 0.95 0.95 0 0.31

    6/14/2001 1.32 1.32 1.16 1.16 0 0.376/15/2001 1.32 1.32 1.16 1.16 0 0.37

    6/18/2001 1.32 1.32 1.19 1.19 0 0.38

    6/20/2001 1.32 1.32 0.94 0.94 0 0.3

    6/22/2001 1.32 1.32 0.94 0.94 0 0.3

    6/25/2001 1.31 1.31 0.95 0.95 0 0.3

    6/26/2001 1.31 1.31 0.95 0.95 0 0.3

    6/27/2001 1.31 1.31 0.95 0.95 0 0.3

    6/28/2001 1.31 1.31 0.95 0.95 0 0.3

    6/29/2001 1.31 1.31 0.95 0.95 0 0.3

    7/2/2001 1.3 1.3 1.16 1.16 0 0.37

    7/3/2001 1.3 1.3 0.95 0.95 0 0.3

    7/4/2001 0.95 0.95 0.95 0.95 0 0.3

    7/5/2001 1.32 1.32 0.95 0.95 0 0.3

    7/6/2001 0.95 0.95 0.95 0.95 0 0.3

    7/9/2001 0.95 0.95 0.95 0.95 0 0.3

    7/10/2001 0.95 0.95 0.95 0.95 0 0.3

    7/12/2001 1.31 1.31 0.95 0.95 0 0.3

    7/16/2001 1.31 1.31 1.31 1.31 0 0.42

    7/17/2001 1.32 1.32 0.95 0.95 0 0.3

    7/18/2001 1.32 1.32 0.95 0.95 0 0.3

    7/19/2001 1.32 1.32 0.95 0.95 0 0.3

    7/20/2001 0.95 0.95 0.95 0.95 0 0.3

    7/23/2001 0.95 0.95 0.95 0.95 0 0.3

    7/24/2001 0.95 0.95 0.95 0.95 0 0.3

    7/25/2001 0.95 0.95 0.95 0.95 0 0.3

    7/26/2001 0.95 0.95 0.95 0.95 0 0.3

    7/27/2001 0.95 0.95 0.95 0.95 0 0.3

    7/30/2001 0.95 0.95 0.95 0.95 0 0.3

    7/31/2001 0.95 0.95 0.95 0.95 0 0.3

    8/1/2001 0.95 0.95 0.95 0.95 0 0.3

    8/2/2001 0.95 0.95 0.95 0.95 0 0.38/6/2001 1.31 1.31 1.31 1.31 0 0.42

    8/7/2001 1.31 1.31 1.12 1.12 0 0.36

    8/9/2001 1.26 1.26 1.12 1.12 0 0.36

    8/10/2001 1.26 1.26 1.12 1.12 0 0.36

    8/14/2001 1.19 1.19 1.17 1.17 0 0.38

    8/15/2001 1.19 1.19 1.17 1.17 0 0.38

    8/17/2001 1.19 1.19 1.19 1.19 0 0.38

    8/20/2001 1.16 1.16 0.73 0.73 0 0.23

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    8/21/2001 0.73 0.73 0.73 0.73 0 0.23

    8/24/2001 1.16 1.16 1.09 1.09 0 0.35

    8/28/2001 1.25 1.25 0.83 0.83 0 0.27

    8/29/2001 0.83 0.83 0.83 0.83 0 0.27

    8/30/2001 0.83 0.83 0.83 0.83 0 0.27

    8/31/2001 0.83 0.83 0.83 0.83 0 0.27

    9/3/2001 0.83 0.83 0.83 0.83 0 0.279/4/2001 0.83 0.83 0.83 0.83 0 0.27

    9/5/2001 0.83 0.83 0.83 0.83 0 0.27

    9/6/2001 0.83 0.83 0.83 0.83 0 0.27

    9/7/2001 0.83 0.83 0.83 0.83 0 0.27

    9/10/2001 1.12 1.12 0.71 0.71 0 0.23

    9/11/2001 1.12 1.12 0.71 0.71 0 0.23

    9/12/2001 0.71 0.71 0.71 0.71 0 0.23

    9/13/2001 0.71 0.71 0.71 0.71 0 0.23

    9/14/2001 0.71 0.71 0.71 0.71 0 0.23

    9/18/2001 1.15 1.15 0.6 0.6 0 0.19

    9/19/2001 0.6 0.6 0.6 0.6 0 0.19

    9/20/2001 0.6 0.6 0.6 0.6 0 0.19

    9/21/2001 0.6 0.6 0.6 0.6 0 0.19

    9/24/2001 0.6 0.6 0.6 0.6 0 0.19

    9/25/2001 0.6 0.6 0.6 0.6 0 0.19

    9/26/2001 0.6 0.6 0.6 0.6 0 0.19

    9/27/2001 0.6 0.6 0.6 0.6 0 0.19

    9/28/2001 0.6 0.6 0.6 0.6 0 0.19

    10/1/2001 0.6 0.6 0.6 0.6 0 0.19

    10/2/2001 0.6 0.6 0.6 0.6 0 0.19

    10/3/2001 0.6 0.6 0.6 0.6 0 0.19

    10/4/2001 0.6 0.6 0.6 0.6 0 0.19

    10/9/2001 1.19 1.19 1.19 1.19 0 0.38

    10/10/2001 1.19 1.19 1.19 1.19 0 0.38

    10/12/2001 1.25 1.25 1.25 1.25 0 0.4

    10/15/2001 1.25 1.25 1.25 1.25 0 0.4

    10/18/2001 1.32 1.32 1.32 1.32 0 0.42

    10/19/2001 1.32 1.32 1.32 1.32 0 0.42

    10/22/2001 1.32 1.32 1.32 1.32 0 0.42

    10/25/2001 1.35 1.35 0.81 0.81 0 0.26

    10/26/2001 0.81 0.81 0.81 0.81 0 0.2610/29/2001 1.35 1.35 0.83 0.83 0 0.27

    10/30/2001 1.35 1.35 0.83 0.83 0 0.27

    10/31/2001 1.35 1.35 0.83 0.83 0 0.27

    11/1/2001 1.35 1.35 0.83 0.83 0 0.27

    11/2/2001 1.35 1.35 0.83 0.83 0 0.27

    11/5/2001 1.35 1.35 0.83 0.83 0 0.27

    11/6/2001 1.35 1.35 0.83 0.83 0 0.27

    11/7/2001 1.35 1.35 0.83 0.83 0 0.27

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    11/9/2001 1.35 1.35 0.83 0.83 0 0.27

    11/12/2001 1.35 1.35 0.82 0.82 0 0.26

    11/14/2001 1.35 1.35 0.82 0.82 0 0.26

    11/15/2001 1.35 1.35 0.82 0.82 0 0.26

    11/16/2001 1.35 1.35 0.82 0.82 0 0.26

    11/19/2001 1.35 1.35 1.29 1.29 0 0.41

    11/20/2001 1.29 1.29 1.29 1.29 0 0.4111/21/2001 1.35 1.35 1.29 1.29 0 0.41

    11/22/2001 1.35 1.35 1.29 1.29 0 0.41

    11/23/2001 1.35 1.35 1.29 1.29 0 0.41

    11/26/2001 1.35 1.35 1.15 1.15 0 0.37

    11/27/2001 1.35 1.35 1.29 1.29 0 0.41

    11/28/2001 1.35 1.35 1.29 1.29 0 0.41

    11/29/2001 1.35 1.35 1.32 1.32 0 0.42

    12/3/2001 1.35 1.35 1.19 1.19 0 0.38

    12/6/2001 1.42 1.42 1.32 1.32 0 0.42

    12/7/2001 1.42 1.42 1.32 1.32 0 0.42

    12/10/2001 1.42 1.42 1.35 1.35 0 0.43

    12/12/2001 1.32 1.32 1.32 1.32 0 0.42

    12/13/2001 1.32 1.32 0.95 0.95 0 0.31

    12/17/2001 1.42 1.42 1.22 1.22 0 0.39

    12/18/2001 1.42 1.42 1.22 1.22 0 0.39

    12/19/2001 1.42 1.42 1.22 1.22 0 0.39

    12/20/2001 1.42 1.42 1.22 1.22 0 0.39

    12/24/2001 1.42 1.42 0.95 0.95 0 0.31

    12/25/2001 0.95 0.95 0.95 0.95 0 0.31

    12/27/2001 1.42 1.42 0.95 0.95 0 0.31

    12/31/2001 1.42 1.42 1.42 1.42 0 0.46

    1/1/2002 1.42 1.42 1.42 1.42 0 0.46

    1/2/2002 1.42 1.42 0.89 0.89 0 0.29

    1/3/2002 1.42 1.42 0.89 0.89 0 0.29

    1/4/2002 1.42 1.42 0.89 0.89 0 0.29

    1/7/2002 0.89 0.89 0.89 0.89 0 0.29

    1/8/2002 1.4 1.4 0.89 0.89 0 0.29

    1/9/2002 1.4 1.4 0.89 0.89 0 0.29

    1/10/2002 1.42 1.42 0.89 0.89 0 0.29

    1/11/2002 1.42 1.42 0.89 0.89 0 0.29

    1/14/2002 1.42 1.42 0.99 0.99 0 0.321/15/2002 1.42 1.42 0.89 0.89 0 0.29

    1/16/2002 1.42 1.42 0.89 0.89 0 0.29

    1/17/2002 1.42 1.42 1.32 1.32 0 0.42

    1/18/2002 1.42 1.42 1.32 1.32 0 0.42

    1/21/2002 1.42 1.42 1.32 1.32 0 0.42

    1/22/2002 1.42 1.42 1.35 1.35 0 0.43

    1/23/2002 1.42 1.42 1.39 1.39 0 0.44

    1/24/2002 1.42 1.42 1.39 1.39 0 0.44

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    1/29/2002 1.42 1.42 1.39 1.39 0 0.44

    1/30/2002 1.42 1.42 1.39 1.39 0 0.44

    2/1/2002 1.55 1.55 1.4 1.4 0 0.45

    2/4/2002 1.4 1.4 1.4 1.4 0 0.45

    2/5/2002 1.4 1.4 1.4 1.4 0 0.45

    2/6/2002 1.4 1.4 1.4 1.4 0 0.45

    2/7/2002 1.4 1.4 1.4 1.4 0 0.452/12/2002 1.42 1.42 1.42 1.42 0 0.46

    2/13/2002 1.42 1.42 1.42 1.42 0 0.46

    2/14/2002 1.42 1.42 1.42 1.42 0 0.46

    2/15/2002 1.42 1.42 1.42 1.42 0 0.46

    2/18/2002 1.42 1.42 1.42 1.42 0 0.46

    2/19/2002 1.42 1.42 1.42 1.42 0 0.46

    2/20/2002 1.42 1.42 1.42 1.42 0 0.46

    2/21/2002 1.42 1.42 1.42 1.42 0 0.46

    2/25/2002 1.64 1.64 1.42 1.42 0 0.46

    2/26/2002 1.64 1.64 1.42 1.42 0 0.46

    2/27/2002 1.64 1.64 1.42 1.42 0 0.46

    2/28/2002 1.42 1.42 1.42 1.42 0 0.46

    3/1/2002 1.64 1.64 1.42 1.42 0 0.46

    3/4/2002 1.42 1.42 1.42 1.42 0 0.46

    3/5/2002 1.42 1.42 1.42 1.42 0 0.46

    3/7/2002 1.41 1.41 1.41 1.41 0 0.45

    3/8/2002 1.41 1.41 1.41 1.41 0 0.45

    3/11/2002 1.41 1.41 1.41 1.41 0 0.45

    3/12/2002 1.41 1.41 1.41 1.41 0 0.45

    3/13/2002 1.41 1.41 1.41 1.41 0 0.45

    3/14/2002 1.41 1.41 1.41 1.41 0 0.45

    3/15/2002 1.41 1.41 1.41 1.41 0 0.45

    3/18/2002 1.41 1.41 1.41 1.41 0 0.45

    3/19/2002 1.41 1.41 1.41 1.41 0 0.45

    3/20/2002 1.41 1.41 1.41 1.41 0 0.45

    3/21/2002 1.41 1.41 1.41 1.41 0 0.45

    3/22/2002 1.41 1.41 1.41 1.41 0 0.45

    3/26/2002 1.41 1.41 1.41 1.41 0 0.45

    3/27/2002 1.41 1.41 1.41 1.41 0 0.45

    3/28/2002 1.41 1.41 1.41 1.41 0 0.45

    3/29/2002 1.41 1.41 1.41 1.41 0 0.454/1/2002 1.41 1.41 1.41 1.41 0 0.45

    4/2/2002 1.65 1.65 1.52 1.52 0 0.49

    4/3/2002 1.65 1.65 1.52 1.52 0 0.49

    4/4/2002 1.65 1.65 1.52 1.52 0 0.49

    4/8/2002 1.62 1.62 1.62 1.62 0 0.52

    4/9/2002 1.78 1.78 1.62 1.62 0 0.52

    4/10/2002 1.78 1.78 1.62 1.62 0 0.52

    4/11/2002 1.78 1.78 1.62 1.62 0 0.52

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    4/15/2002 1.62 1.62 1.62 1.62 0 0.52

    4/16/2002 1.65 1.65 1.62 1.62 0 0.52

    4/17/2002 1.65 1.65 1.62 1.62 0 0.52

    4/18/2002 1.65 1.65 1.62 1.62 0 0.52

    4/19/2002 1.65 1.65 1.62 1.62 0 0.52

    4/22/2002 1.72 1.72 1.62 1.62 0 0.52

    4/24/2002 1.72 1.72 1.62 1.62 0 0.524/25/2002 1.72 1.72 1.62 1.62 0 0.52

    4/26/2002 1.72 1.72 1.62 1.62 0 0.52

    4/29/2002 1.85 1.85 1.58 1.58 0 0.51

    4/30/2002 1.85 1.85 1.55 1.55 0 0.5

    5/1/2002 1.55 1.55 1.55 1.55 0 0.5

    5/2/2002 1.85 1.85 1.55 1.55 0 0.5

    5/3/2002 1.85 1.85 1.52 1.52 0 0.49

    5/6/2002 1.85 1.85 1.62 1.62 0 0.52

    5/9/2002 1.65 1.65 1.65 1.65 0 0.53

    5/10/2002 1.65 1.65 1.65 1.65 0 0.53

    5/13/2002 1.65 1.65 1.65 1.65 0 0.53

    5/15/2002 1.65 1.65 1.65 1.65 0 0.53

    5/20/2002 1.65 1.65 1.65 1.65 0 0.53

    5/21/2002 1.65 1.65 1.65 1.65 0 0.53

    5/22/2002 1.65 1.65 1.65 1.65 0 0.53

    5/24/2002 1.67 1.67 1.65 1.65 0 0.53

    5/27/2002 1.67 1.67 1.65 1.65 0 0.53

    5/28/2002 1.67 1.67 1.65 1.65 0 0.53

    5/31/2002 1.73 1.73 1.73 1.73 0 0.56

    6/3/2002 1.73 1.73 1.73 1.73 0 0.56

    6/4/2002 1.73 1.73 1.73 1.73 0 0.56

    6/5/2002 1.73 1.73 1.73 1.73 0 0.56

    6/7/2002 1.88 1.88 1.88 1.88 0 0.6

    6/10/2002 1.88 1.88 1.88 1.88 0 0.6

    6/11/2002 1.88 1.88 1.88 1.88 0 0.6

    6/12/2002 1.88 1.88 1.88 1.88 0 0.6

    6/13/2002 1.88 1.88 1.88 1.88 0 0.6

    6/14/2002 1.88 1.88 1.88 1.88 0 0.6

    6/17/2002 1.98 1.98 1.82 1.82 0 0.58

    6/18/2002 1.98 1.98 1.82 1.82 0 0.58

    6/19/2002 1.98 1.98 1.82 1.82 0 0.586/20/2002 1.98 1.98 1.82 1.82 0 0.58

    6/24/2002 1.98 1.98 0.96 0.96 0 0.31

    6/27/2002 1.98 1.98 1.58 1.58 0 0.51

    7/1/2002 1.98 1.98 1.65 1.65 0 0.53

    7/2/2002 1.98 1.98 1.82 1.82 0 0.58

    7/4/2002 1.98 1.98 1.58 1.58 0 0.51

    7/5/2002 1.98 1.98 1.58 1.58 0 0.51

    7/9/2002 1.98 1.98 0.96 0.96 0 0.31

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    7/10/2002 1.98 1.98 1.49 1.49 0 0.48

    7/11/2002 1.98 1.98 1.49 1.49 0 0.48

    7/12/2002 1.98 1.98 1.49 1.49 0 0.48

    7/15/2002 1.98 1.98 1.49 1.49 0 0.48

    7/16/2002 1.98 1.98 1.49 1.49 0 0.48

    7/17/2002 1.49 1.49 1.49 1.49 0 0.48

    7/18/2002 1.49 1.49 1.49 1.49 0 0.487/19/2002 1.49 1.49 1.49 1.49 0 0.48

    7/22/2002 1.49 1.49 1.49 1.49 0 0.48

    7/24/2002 1.85 1.85 1.49 1.49 0 0.48

    7/25/2002 1.82 1.82 1.49 1.49 0 0.48

    7/26/2002 1.82 1.82 1.49 1.49 0 0.48

    7/29/2002 1.82 1.82 1.49 1.49 0 0.48

    7/31/2002 1.81 1.81 1.81 1.81 0 0.58

    8/1/2002 1.81 1.81 1.81 1.81 0 0.58

    8/2/2002 1.81 1.81 1.81 1.81 0 0.58

    8/6/2002 1.76 1.76 1.76 1.76 0 0.56

    8/8/2002 1.76 1.76 1.76 1.76 0 0.57

    8/9/2002 1.76 1.76 1.65 1.65 0 0.53

    8/13/2002 1.49 1.49 1.49 1.49 0 0.48

    8/14/2002 1.49 1.49 1.49 1.49 0 0.48

    8/15/2002 1.49 1.49 1.49 1.49 0 0.48

    8/16/2002 1.49 1.49 1.49 1.49 0 0.48

    8/19/2002 1.49 1.49 1.49 1.49 0 0.48

    8/20/2002 1.49 1.49 1.49 1.49 0 0.48

    8/21/2002 1.49 1.49 1.49 1.49 0 0.48

    8/23/2002 1.49 1.49 1.49 1.49 0 0.48

    8/27/2002 1.77 1.77 1.49 1.49 0 0.48

    8/29/2002 1.49 1.49 1.49 1.49 0 0.48

    9/2/2002 1.49 1.49 1.49 1.49 0 0.48

    9/5/2002 1.77 1.77 1.49 1.49 0 0.48

    9/9/2002 1.76 1.76 1.76 1.76 0 0.56

    9/10/2002 1.76 1.76 1.76 1.76 0 0.56

    9/12/2002 1.76 1.76 1.76 1.76 0 0.56

    9/13/2002 1.76 1.76 1.65 1.65 0 0.53

    9/16/2002 1.65 1.65 1.65 1.65 0 0.53

    9/17/2002 1.77 1.77 1.65 1.65 0 0.53

    9/18/2002 1.77 1.77 1.65 1.65 0 0.539/19/2002 1.65 1.65 1.65 1.65 0 0.53

    9/20/2002 1.75 1.75 1.75 1.75 0 0.56

    9/23/2002 1.75 1.75 1.75 1.75 0 0.56

    9/25/2002 1.65 1.65 1.62 1.62 0 0.52

    9/27/2002 1.68 1.68 1.55 1.55 0 0.5

    10/2/2002 1.68 1.68 1.62 1.62 0 0.52

    10/3/2002 1.68 1.68 1.65 1.65 0 0.53

    10/7/2002 1.68 1.68 1.68 1.68 0 0.54

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    10/9/2002 1.68 1.68 1.68 1.68 0 0.54

    10/10/2002 1.68 1.68 1.62 1.62 0 0.52

    10/11/2002 1.62 1.62 1.62 1.62 0 0.52

    10/14/2002 1.62 1.62 1.62 1.62 0 0.52

    10/15/2002 1.67 1.67 1.67 1.67 0 0.53

    10/16/2002 1.67 1.67 1.67 1.67 0 0.53

    10/18/2002 1.73 1.73 1.73 1.73 0 0.5610/21/2002 1.68 1.68 1.68 1.68 0 0.54

    10/22/2002 1.68 1.68 1.68 1.68 0 0.54

    10/23/2002 1.68 1.68 1.68 1.68 0 0.54

    10/28/2002 1.73 1.73 1.73 1.73 0 0.56

    10/29/2002 1.73 1.73 1.73 1.73 0 0.56

    10/31/2002 1.65 1.65 0.66 0.66 0 0.21

    11/4/2002 1.32 1.32 1.32 1.32 0 0.42

    11/5/2002 1.9 1.9 1.49 1.49 0 0.48

    11/7/2002 1.68 1.68 1.58 1.58 0 0.51

    11/8/2002 1.68 1.68 1.58 1.58 0 0.51

    11/11/2002 1.9 1.9 1.49 1.49 0 0.48

    11/12/2002 1.9 1.9 1.49 1.49 0 0.48

    11/13/2002 1.9 1.9 1.49 1.49 0 0.48

    11/14/2002 1.68 1.68 1.49 1.49 0 0.48

    11/15/2002 1.68 1.68 1.49 1.49 0 0.48

    11/18/2002 1.9 1.9 1.49 1.49 0 0.48

    11/19/2002 1.65 1.65 1.49 1.49 0 0.48

    11/20/2002 1.49 1.49 1.49 1.49 0 0.48

    11/21/2002 1.9 1.9 1.49 1.49 0 0.48

    11/22/2002 1.9 1.9 1.49 1.49 0 0.48

    11/25/2002 1.9 1.9 1.49 1.49 0 0.48

    11/26/2002 1.9 1.9 1.49 1.49 0 0.48

    11/27/2002 1.9 1.9 1.49 1.49 0 0.48

    11/28/2002 1.9 1.9 1.49 1.49 0 0.48

    11/29/2002 1.9 1.9 1.49 1.49 0 0.48

    12/2/2002 1.9 1.9 1.49 1.49 0 0.48

    12/4/2002 1.68 1.68 1.68 1.68 0 0.54

    12/5/2002 1.68 1.68 1.68 1.68 0 0.54

    12/6/2002 1.68 1.68 1.68 1.68 0 0.54

    12/9/2002 1.68 1.68 1.68 1.68 0 0.54

    12/10/2002 1.68 1.68 1.68 1.68 0 0.5412/11/2002 1.68 1.68 1.68 1.68 0 0.54

    12/12/2002 1.68 1.68 1.68 1.68 0 0.54

    12/13/2002 1.72 1.72 1.68 1.68 0 0.54

    12/16/2002 1.72 1.72 1.67 1.67 0 0.53

    12/20/2002 1.68 1.68 1.68 1.68 0 0.54

    12/23/2002 1.68 1.68 1.68 1.68 0 0.54

    12/24/2002 1.68 1.68 1.68 1.68 0 0.54

    12/25/2002 1.68 1.68 1.68 1.68 0 0.54

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    12/26/2002 1.68 1.68 1.68 1.68 0 0.54

    12/31/2002 1.68 1.68 1.68 1.68 0 0.54

    1/1/2003 1.68 1.68 1.68 1.68 0 0.54

    1/2/2003 1.68 1.68 1.68 1.68 0 0.54

    1/3/2003 1.68 1.68 1.68 1.68 0 0.54

    1/6/2003 1.68 1.68 1.68 1.68 0 0.54

    1/9/2003 1.72 1.72 1.72 1.72 0 0.551/13/2003 1.88 1.88 1.62 1.62 0 0.52

    1/15/2003 1.68 1.68 1.68 1.68 52400 0.54

    1/16/2003 1.68 1.68 1.68 1.68 52400 0.54

    1/17/2003 1.78 1.78 1.78 1.78 0 0.57

    1/23/2003 1.88 1.88 1.68 1.68 0 0.54

    1/24/2003 1.78 1.78 1.68 1.68 0 0.54

    1/27/2003 1.78 1.78 1.78 1.78 0 0.57

    1/29/2003 1.78 1.78 1.78 1.78 0 0.57

    1/30/2003 1.78 1.78 1.78 1.78 0 0.57

    1/31/2003 1.78 1.78 1.78 1.78 0 0.57

    2/3/2003 1.78 1.78 1.78 1.78 0 0.57

    2/4/2003 1.78 1.78 1.78 1.78 0 0.57

    2/5/2003 1.78 1.78 1.78 1.78 0 0.57

    2/6/2003 1.78 1.78 1.78 1.78 0 0.57

    2/7/2003 1.78 1.78 1.78 1.78 0 0.57

    2/11/2003 1.77 1.77 1.65 1.65 0 0.53

    2/12/2003 1.73 1.73 1.65 1.65 0 0.53

    2/20/2003 1.65 1.65 1.65 1.65 0 0.53

    2/21/2003 1.65 1.65 1.65 1.65 0 0.53

    2/24/2003 1.65 1.65 1.65 1.65 0 0.53

    2/28/2003 1.82 1.82 1.75 1.75 0 0.56

    3/4/2003 1.75 1.75 1.72 1.72 0 0.55

    3/5/2003 1.75 1.75 1.72 1.72 0 0.55

    3/6/2003 1.75 1.75 1.73 1.73 0 0.56

    3/7/2003 1.75 1.75 1.65 1.65 0 0.53

    3/13/2003 1.75 1.75 1.75 1.75 0 0.56

    3/14/2003 1.75 1.75 1.75 1.75 0 0.56

    3/18/2003 1.81 1.81 1.75 1.75 0 0.56

    3/20/2003 1.73 1.73 1.73 1.73 0 0.56

    3/21/2003 1.74 1.74 1.74 1.74 0 0.56

    3/24/2003 1.73 1.73 1.73 1.73 0 0.563/26/2003 1.72 1.72 1.72 1.72 0 0.55

    3/28/2003 1.98 1.98 1.73 1.73 0 0.56

    3/31/2003 1.98 1.98 1.73 1.73 0 0.56

    4/3/2003 2.05 2.05 1.88 1.88 0 0.6

    4/4/2003 2.05 2.05 1.94 1.94 0 0.62

    4/8/2003 2.02 2.02 1.91 1.91 0 0.61

    4/9/2003 2.02 2.02 1.82 1.82 0 0.58

    4/15/2003 2.05 2.05 1.9 1.9 0 0.61

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    4/16/2003 2.05 2.05 1.9 1.9 0 0.61

    4/17/2003 1.9 1.9 1.9 1.9 0 0.61

    4/18/2003 1.9 1.9 1.9 1.9 0 0.61

    4/21/2003 2.01 2.01 1.73 1.73 0 0.56

    4/22/2003 2.01 2.01 1.88 1.88 0 0.6

    4/30/2003 1.95 1.95 1.9 1.9 0 0.61

    5/1/2003 1.9 1.9 1.9 1.9 0 0.615/19/2003 2.01 2.01 1.95 1.95 0 0.62

    5/22/2003 2.33 2.33 2.03 2.03 0 0.65

    5/23/2003 2.03 2.03 2.03 2.03 0 0.65

    5/26/2003 1.95 1.95 1.95 1.95 0 0.62

    5/27/2003 1.98 1.98 1.98 1.98 0 0.64

    5/28/2003 1.98 1.98 1.98 1.98 0 0.64

    5/29/2003 1.98 1.98 1.98 1.98 0 0.64

    5/30/2003 1.98 1.98 1.98 1.98 0 0.64

    6/2/2003 2.33 2.33 2.05 2.05 0 0.66

    6/3/2003 2.33 2.33 2.05 2.05 0 0.66

    6/12/2003 2.64 2.64 2.31 2.31 0 0.74

    6/13/2003 2.81 2.81 2.31 2.31 0 0.74

    6/17/2003 2.64 2.64 2.38 2.38 0 0.76

    6/23/2003 2.44 2.44 2.15 2.15 0 0.69

    6/25/2003 2.48 2.48 2.34 2.34 0 0.75

    6/26/2003 2.48 2.48 2.34 2.34 0 0.75

    7/1/2003 2.57 2.57 2.31 2.31 0 0.74

    7/2/2003 2.48 2.48 2.38 2.38 0 0.76

    7/3/2003 2.57 2.57 2.38 2.38 0 0.76

    7/4/2003 2.57 2.57 2.41 2.41 0 0.77

    7/7/2003 2.48 2.48 2.41 2.41 0 0.77

    7/8/2003 2.48 2.48 2.44 2.44 0 0.78

    7/9/2003 2.48 2.48 2.41 2.41 0 0.77

    7/10/2003 2.48 2.48 2.41 2.41 0 0.77

    7/11/2003 2.48 2.48 2.41 2.41 0 0.77

    7/14/2003 2.41 2.41 2.41 2.41 0 0.77

    7/24/2003 2.51 2.51 2.33 2.33 0 0.75

    7/25/2003 2.51 2.51 2.33 2.33 0 0.75

    7/28/2003 2.51 2.51 2.51 2.51 0 0.8

    7/29/2003 2.51 2.51 2.31 2.31 0 0.74

    7/30/2003 2.54 2.54 2.31 2.31 0 0.747/31/2003 2.54 2.54 2.31 2.31 0 0.74

    8/1/2003 3.3 3.3 2.31 2.31 0 0.74

    8/4/2003 2.54 2.54 2.45 2.45 0 0.78

    8/7/2003 2.48 2.48 2.47 2.47 0 0.79

    8/12/2003 2.51 2.51 2.31 2.31 0 0.74

    8/14/2003 2.48 2.48 2.31 2.31 0 0.74

    8/15/2003 2.48 2.48 2.31 2.31 0 0.74

    8/19/2003 2.48 2.48 2.44 2.44 0 0.78

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    8/20/2003 2.48 2.48 2.44 2.44 0 0.78

    8/21/2003 2.48 2.48 2.44 2.44 0 0.78

    8/25/2003 2.48 2.48 2.44 2.44 0 0.78

    8/26/2003 2.48 2.48 2.44 2.44 0 0.78

    8/27/2003 2.48 2.48 2.44 2.44 0 0.78

    8/28/2003 2.48 2.48 2.44 2.44 0 0.78

    9/2/2003 2.48 2.48 2.33 2.33 0 0.759/3/2003 2.48 2.48 2.31 2.31 0 0.74

    9/4/2003 2.31 2.31 2.31 2.31 0 0.74

    9/5/2003 2.48 2.48 2.31 2.31 0 0.74

    9/8/2003 2.48 2.48 2.31 2.31 0 0.74

    9/10/2003 2.64 2.64 2.51 2.51 0 0.8

    9/11/2003 2.64 2.64 2.51 2.51 0 0.8

    9/16/2003 2.64 2.64 2.64 2.64 0 0.85

    9/17/2003 3.3 3.3 2.57 2.57 0 0.83

    9/18/2003 3.04 3.04 2.71 2.71 0 0.87

    9/22/2003 3.3 3.3 2.71 2.71 0 0.87

    9/23/2003 3.3 3.3 2.64 2.64 0 0.85

    9/24/2003 3.3 3.3 2.64 2.64 0 0.85

    10/1/2003 3.3 3.3 3.14 3.14 0 1.01

    10/6/2003 3.3 3.3 2.64 2.64 0 0.85

    10/7/2003 3.42 3.42 2.64 2.64 0 0.85

    10/8/2003 2.97 2.97 2.81 2.81 0 0.9

    10/10/2003 3.3 3.3 2.97 2.97 0 0.95

    10/14/2003 3.14 3.14 2.97 2.97 0 0.95

    10/17/2003 3.3 3.3 2.97 2.97 0 0.95

    10/20/2003 3.3 3.3 2.97 2.97 0 0.95

    10/21/2003 3.3 3.3 3.14 3.14 0 1.01

    10/23/2003 3.22 3.22 2.97 2.97 0 0.95

    10/27/2003 3.22 3.22 2.81 2.81 0 0.9

    10/29/2003 3.14 3.14 2.81 2.81 0 0.9

    10/30/2003 3.1 3.1 2.81 2.81 0 0.9

    10/31/2003 3.1 3.1 2.81 2.81 0 0.9

    11/3/2003 3.14 3.14 2.82 2.82 0 0.91

    11/4/2003 3.14 3.14 2.82 2.82 0 0.91

    11/5/2003 3.17 3.17 2.82 2.82 0 0.91

    11/7/2003 3.3 3.3 2.81 2.81 0 0.9

    11/10/2003 3.28 3.28 2.81 2.81 0 0.911/11/2003 3.28 3.28 2.81 2.81 0 0.9

    11/12/2003 3.14 3.14 2.81 2.81 0 0.9

    11/18/2003 3.14 3.14 3.04 3.04 0 0.97

    11/19/2003 3.3 3.3 2.81 2.81 0 0.9

    11/20/2003 2.81 2.81 2.81 2.81 0 0.9

    11/21/2003 3.3 3.3 2.81 2.81 0 0.9

    11/24/2003 3.53 3.53 2.77 2.77 0 0.89

    11/25/2003 3.3 3.3 2.77 2.77 0 0.89

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    11/26/2003 3.3 3.3 2.97 2.97 0 0.95

    11/28/2003 3.3 3.3 3.14 3.14 0 1.01

    12/1/2003 3.3 3.3 3.14 3.14 0 1.01

    12/3/2003 3.3 3.3 3.04 3.04 0 0.97

    12/4/2003 3.3 3.3 3.04 3.04 0 0.97

    12/8/2003 3.3 3.3 3.14 3.14 0 1.01

    12/11/2003 3.3 3.3 2.97 2.97 0 0.9512/12/2003 2.97 2.97 2.97 2.97 0 0.95

    12/15/2003 3.3 3.3 2.97 2.97 0 0.95

    12/16/2003 3.3 3.3 3.04 3.04 0 0.97

    12/19/2003 3.3 3.3 3.17 3.17 0 1.02

    12/22/2003 3.3 3.3 3.17 3.17 0 1.02

    12/25/2003 3.12 3.12 3.12 3.12 0 1

    12/26/2003 3.3 3.3 3.12 3.12 0 1

    12/29/2003 3.3 3.3 3.12 3.12 0 1

    1/1/2004 3.3 3.3 3.3 3.3 0 1.06

    1/2/2004 3.3 3.3 3.23 3.23 0 1.04

    1/6/2004 4.95 4.95 3.3 3.3 0 1.06

    1/8/2004 3.38 3.38 3.31 3.31 0 1.06

    1/14/2004 3.55 3.55 3.4 3.4 0 1.09

    1/15/2004 3.47 3.47 3.41 3.41 0 1.09

    1/20/2004 3.55 3.55 3.3 3.3 0 1.06

    1/22/2004 3.53 3.53 3.4 3.4 0 1.09

    1/23/2004 3.53 3.53 3.38 3.38 0 1.09

    1/26/2004 3.53 3.53 3.42 3.42 0 1.1

    1/27/2004 3.53 3.53 3.43 3.43 0 1.1

    1/29/2004 3.55 3.55 3.48 3.48 0 1.12

    1/30/2004 3.8 3.8 3.47 3.47 0 1.11

    2/4/2004 3.96 3.96 3.7 3.7 0 1.19

    2/5/2004 3.7 3.7 3.7 3.7 0 1.19

    2/9/2004 3.95 3.95 3.8 3.8 0 1.22

    2/10/2004 3.96 3.96 3.8 3.8 0 1.22

    2/11/2004 3.93 3.93 3.86 3.86 0 1.24

    2/13/2004 4.09 4.09 3.8 3.8 0 1.22

    2/16/2004 4.01 4.01 3.8 3.8 0 1.22

    2/23/2004 4.29 4.29 4.16 4.16 0 1.33

    2/25/2004 4.42 4.42 4.29 4.29 0 1.38

    2/27/2004 4.72 4.72 4.46 4.46 0 1.434/5/2004 5.58 5.58 5.12 5.12 0 1.64

    4/7/2004 5.58 5.58 5.12 5.12 0 1.64

    4/8/2004 5.12 5.12 5.12 5.12 0 1.64

    4/9/2004 5.12 5.12 5.12 5.12 0 1.64

    4/16/2004 5.25 5.25 5.12 5.12 0 1.64

    4/21/2004 5.25 5.25 5.15 5.15 0 1.65

    4/22/2004 5.87 5.87 5.21 5.21 0 1.67

    4/23/2004 5.21 5.21 5.21 5.21 0 1.67

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    4/26/2004 5.28 5.28 5.28 5.28 0 1.69

    5/4/2004 5.91 5.91 5.61 5.61 0 1.8

    5/12/2004 5.48 5.48 5.28 5.28 0 1.69

    5/18/2004 5.54 5.54 5.28 5.28 0 1.69

    5/21/2004 6.6 6.6 5.45 5.45 0 1.75

    5/24/2004 6.6 6.6 5.45 5.45 0 1.75

    5/31/2004 5.78 5.78 5.71 5.71 0 1.836/3/2004 5.78 5.78 5.68 5.68 0 1.82

    6/4/2004 5.78 5.78 5.68 5.68 0 1.82

    6/7/2004 5.78 5.78 5.68 5.68 0 1.82

    6/8/2004 5.78 5.78 5.68 5.68 0 1.82

    6/10/2004 5.78 5.78 5.68 5.68 0 1.82

    6/11/2004 5.78 5.78 5.68 5.68 0 1.82

    6/15/2004 5.84 5.84 5.78 5.78 0 1.85

    6/17/2004 5.84 5.84 5.78 5.78 0 1.85

    6/18/2004 5.84 5.84 5.78 5.78 0 1.85

    6/21/2004 5.84 5.84 5.78 5.78 0 1.85

    6/22/2004 5.84 5.84 5.78 5.78 0 1.85

    7/1/2004 6.07 6.07 5.94 5.94 0 1.91

    7/2/2004 6.07 6.07 6.01 6.01 0 1.93

    7/5/2004 6.07 6.07 5.94 5.94 0 1.91

    7/8/2004 6.67 6.67 5.73 5.73 0 1.84

    7/12/2004 6.07 6.07 5.61 5.61 0 1.8

    7/13/2004 6.6 6.6 5.61 5.61 0 1.8

    7/16/2004 6.07 6.07 5.94 5.94 0 1.91

    7/20/2004 6.57 6.57 5.61 5.61 0 1.8

    7/22/2004 6.57 6.57 5.97 5.97 0 1.92

    7/23/2004 6.04 6.04 5.97 5.97 0 1.92

    7/26/2004 6.11 6.11 5.97 5.97 0 1.92

    7/27/2004 6.11 6.11 5.97 5.97 0 1.92

    8/2/2004 6.67 6.67 5.97 5.97 0 1.92

    8/3/2004 6.44 6.44 6.27 6.27 0 2.01

    8/4/2004 6.4 6.4 5.97 5.97 0 1.92

    8/16/2004 6.44 6.44 6.11 6.11 0 1.96

    8/17/2004 6.3 6.3 6.11 6.11 0 1.96

    8/18/2004 6.44 6.44 6.27 6.27 0 2.01

    8/23/2004 6.53 6.53 6.27 6.27 0 2.01

    8/24/2004 6.6 6.6 6.27 6.27 0 2.018/26/2004 6.34 6.34 6.27 6.27 0 2.01

    8/30/2004 6.44 6.44 6.27 6.27 0 2.01

    9/1/2004 6.6 6.6 6.27 6.27 0 2.01

    9/3/2004 6.44 6.44 6.27 6.27 0 2.01

    9/6/2004 6.44 6.44 6.27 6.27 0 2.01

    9/8/2004 6.44 6.44 6.27 6.27 0 2.01

    9/10/2004 6.6 6.6 6.27 6.27 0 2.01

    9/13/2004 6.6 6.6 6.27 6.27 0 2.01

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    9/14/2004 6.6 6.6 6.27 6.27 0 2.01

    9/15/2004 6.6 6.6 6.6 6.6 0 2.12

    9/16/2004 6.6 6.6 6.6 6.6 0 2.12

    9/20/2004 6.6 6.6 6.6 6.6 0 2.12

    9/21/2004 6.6 6.6 5.94 5.94 0 1.91

    9/24/2004 6.77 6.77 6.6 6.6 0 2.12

    9/27/2004 6.68 6.68 6.68 6.68 0 2.1410/1/2004 7.1 7.1 6.6 6.6 0 2.12

    10/5/2004 7.1 7.1 7.09 7.09 0 2.28

    10/7/2004 7.1 7.1 6.6 6.6 0 2.12

    10/8/2004 7.1 7.1 7.1 7.1 0 2.28

    10/11/2004 7.1 7.1 6.91 6.91 0 2.22

    10/12/2004 7.1 7.1 7.1 7.1 0 2.28

    10/13/2004 7.1 7.1 7.1 7.1 0 2.28

    10/14/2004 7.1 7.1 7.1 7.1 0 2.28

    10/15/2004 7.1 7.1 7.1 7.1 0 2.28

    10/19/2004 7.1 7.1 7.1 7.1 0 2.28

    10/21/2004 6.96 6.96 5.94 5.94 0 1.91

    10/22/2004 6.96 6.96 5.94 5.94 0 1.91

    10/27/2004 7.03 7.03 6.27 6.27 0 2.01

    10/28/2004 6.93 6.93 6.27 6.27 0 2.01

    11/1/2004 6.77 6.77 6.77 6.77 0 2.17

    11/2/2004 6.77 6.77 4.95 4.95 0 1.59

    11/3/2004 6.77 6.77 6.27 6.27 0 2.01

    11/4/2004 6.68 6.68 6.27 6.27 0 2.01

    11/5/2004 6.68 6.68 6.27 6.27 0 2.01

    11/9/2004 6.68 6.68 6.27 6.27 0 2.01

    11/10/2004 6.68 6.68 6.27 6.27 0 2.01

    11/11/2004 6.68 6.68 6.27 6.27 0 2.01

    11/12/2004 6.68 6.68 6.27 6.27 0 2.01

    11/15/2004 6.63 6.63 6.27 6.27 0 2.01

    11/16/2004 6.6 6.6 6.27 6.27 0 2.01

    11/17/2004 6.6 6.6 6.27 6.27 0 2.01

    11/18/2004 6.6 6.6 6.27 6.27 0 2.01

    11/19/2004 6.44 6.44 6.27 6.27 0 2.01

    11/22/2004 6.6 6.6 6.27 6.27 0 2.01

    11/23/2004 6.6 6.6 6.6 6.6 0 2.12

    12/3/2004 6.67 6.67 6.6 6.6 0 2.1212/6/2004 6.67 6.67 6.6 6.6 0 2.12

    12/15/2004 6.77 6.77 6.6 6.6 0 2.12

    12/23/2004 6.93 6.93 6.7 6.7 0 2.15

    12/24/2004 6.93 6.93 6.7 6.7 0 2.15

    12/27/2004 6.93 6.93 6.7 6.7 0 2.15

    12/30/2004 6.93 6.93 6.68 6.68 0 2.14

    12/31/2004 6.93 6.93 6.68 6.68 0 2.14

    1/6/2005 7.26 7.26 6.93 6.93 0 2.22

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    1/17/2005 7.37 7.37 7.37 7.37 0 2.36

    3/21/2005 7.89 7.89 7.89 7.89 0 2.53

    3/22/2005 8.22 8.22 7.85 7.85 0 2.52

    3/24/2005 7.85 7.85 7.85 7.85 0 2.52

    3/25/2005 7.85 7.85 7.85 7.85 0 2.52

    4/4/2005 8.22 8.22 7.56 7.56 0 2.42

    4/15/2005 7.46 7.46 7.26 7.26 0 2.334/19/2005 7.34 7.34 7.1 7.1 0 2.28

    5/2/2005 7.03 7.03 6.86 6.86 0 2.2

    5/9/2005 7.08 7.08 6.93 6.93 0 2.22

    5/11/2005 7.1 7.1 6.93 6.93 0 2.22

    8/3/2005 8.45 8.45 8.15 8.15 0 2.61

    8/16/2005 8.41 8.41 8.25 8.25 0 2.65

    8/17/2005 8.41 8.41 8.12 8.12 0 2.6

    8/19/2005 8.41 8.41 8.09 8.09 0 2.59

    9/1/2005 8.58 8.58 8.38 8.38 0 2.69

    9/2/2005 8.45 8.45 8.42 8.42 0 2.7

    9/5/2005 8.58 8.58 8.38 8.38 0 2.69

    9/7/2005 8.58 8.58 8.38 8.38 0 2.69

    9/8/2005 8.55 8.55 8.38 8.38 0 2.69

    9/9/2005 8.55 8.55 8.38 8.38 0 2.69

    9/12/2005 8.58 8.58 8.38 8.38 0 2.69

    9/15/2005 8.48 8.48 8.38 8.38 0 2.69

    9/16/2005 8.38 8.38 8.38 8.38 0 2.69

    9/23/2005 8.38 8.38 8.28 8.28 0 2.66

    9/29/2005 8.42 8.42 8.25 8.25 0 2.65

    10/4/2005 8.48 8.48 8.42 8.42 0 2.7

    10/11/2005 8.55 8.55 8.38 8.38 0 2.69

    10/13/2005 8.55 8.55 8.38 8.38 0 2.69

    10/14/2005 8.58 8.58 8.38 8.38 0 2.69

    10/19/2005 8.58 8.58 8.42 8.42 0 2.7

    10/20/2005 8.42 8.42 8.35 8.35 0 2.68

    10/26/2005 8.51 8.51 8.25 8.25 0 2.65

    11/23/2005 8.38 8.38 8.25 8.25 0 2.65

    12/2/2005 8.91 8.91 8.42 8.42 0 2.7

    12/9/2005 8.88 8.88 8.51 8.51 0 2.73

    12/12/2005 8.51 8.51 8.51 8.51 0 2.73

    12/20/2005 8.55 8.55 8.25 8.25 0 2.6512/22/2005 8.55 8.55 8.25 8.25 0 2.65

    12/28/2005 8.55 8.55 8.25 8.25 0 2.65

    12/30/2005 8.55 8.55 8.25 8.25 0 2.65

    1/4/2006 8.75 8.75 8.58 8.58 0 2.75

    2/6/2006 10.07 10.07 10.07 10.07 0 3.23

    3/21/2006 10.13 10.13 10.13 10.13 0 3.25

    4/13/2006 10.43 10.43 10.43 10.43 0 3.35

    4/14/2006 10.43 10.43 10.43 10.43 0 3.35

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    5/29/2006 10.56 10.56 10.23 10.23 0 3.28

    6/6/2006 10.53 10.53 10.4 10.4 0 3.33

    6/14/2006 9.9 9.9 9.57 9.57 0 3.07

    7/31/2006 9.64 9.64 9.64 9.64 0 3.09

    8/14/2006 10.13 10.13 9.9 9.9 0 3.18

    8/25/2006 10.3 10.3 9.74 9.74 0 3.12

    9/15/2006 10.88 10.88 10.23 10.23 0 3.289/20/2006 10.73 10.73 10.23 10.23 0 3.28

    9/21/2006 10.72 10.72 10.23 10.23 0 3.28

    10/12/2006 10.96 10.96 10.73 10.73 0 3.44

    11/2/2006 11.2 11.2 11.2 11.2 0 3.59

    11/7/2006 11.09 11.09 10.63 10.63 0 3.41

    11/16/2006 11.02 11.02 10.63 10.63 0 3.41

    11/20/2006 11.09 11.09 11.09 11.09 0 3.56

    11/21/2006 11.06 11.06 10.63 10.63 0 3.41

    11/27/2006 10.96 10.96 10.89 10.89 0 3.49

    12/1/2006 10.96 10.96 10.96 10.96 0 3.51

    12/12/2006 11.52 11.52 11.52 11.52 0 3.69

    12/25/2006 11.91 11.91 11.91 11.91 0 3.82

    1/1/2007 12.71 12.71 12.71 12.71 0 4.08

    1/5/2007 12.38 12.38 12.21 12.21 0 3.92

    2/5/2007 12.54 12.54 12.54 12.54 0 4.02

    3/14/2007 13.52 13.52 13.31 13.31 0 4.27

    3/16/2007 14.52 14.52 13.86 13.86 0 4.45

    3/19/2007 13.86 13.86 13.86 13.86 0 4.45

    3/26/2007 14.11 14.11 14.09 14.09 309600 4.52

    4/5/2007 14.03 14.03 14.03 14.03 0 4.5

    4/6/2007 14.03 14.03 14.03 14.03 0 4.5

    5/1/2007 16.33 16.33 16.33 16.33 0 15.71

    9/14/2007 21.19 21.19 20.5 20.5 0 19.72

    11/2/2007 22.48 22.48 22.48 22.48 0 21.63

    11/19/2007 22.88 22.88 22.88 22.88 0 22.02

    12/12/2007 24.56 24.56 24.56 24.56 0 23.64

    12/25/2007 24.52 24.52 24.52 24.52 0 23.6

    12/31/2007 24.75 25 24.75 25 9000 24.06

    1/1/2008 25 25 25 25 0 24.06

    1/2/2008 25 25.25 25 25 12200 24.06

    1/3/2008 24.75 25 24.75 25 400 24.061/4/2008 24.73 24.73 24.7 24.7 6000 23.77

    1/7/2008 24.6 24.65 24.6 24.65 5600 23.72

    1/8/2008 25 25.25 25 25.25 10100 24.3

    1/9/2008 24.74 24.75 24.26 24.55 55500 23.63

    1/10/2008 24.55 24.65 23.76 24.25 53400 23.33

    1/11/2008 23.37 23.75 23.07 23.27 163200 22.39

    1/14/2008 23.66 23.66 22.89 22.89 17800 22.03

    1/15/2008 22.89 23.22 22.77 23.22 24100 22.34

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    1/16/2008 22.28 22.28 21.58 22.03 26600 21.2

    1/17/2008 21.29 21.79 21.29 21.78 26700 20.96

    1/18/2008 21.3 21.49 20.79 21.37 22100 20.56

    1/21/2008 20.79 21.29 19.8 20.69 23800 19.91

    1/22/2008 21.29 21.78 21.29 21.78 117700 20.96

    1/23/2008 21.29 21.78 21.29 21.69 13100 20.88

    1/24/2008 21.69 22.08 21.29 22.08 141400 21.251/25/2008 21.29 21.58 21.29 21.49 22300 20.68

    1/28/2008 21.78 21.78 21.68 21.68 31300 20.87

    1/29/2008 21.29 21.68 21.29 21.67 20200 20.86

    1/30/2008 21.29 21.49 21.29 21.49 14600 20.68

    1/31/2008 21.49 21.98 20.79 21.98 59700 21.15

    2/1/2008 21.98 21.98 19.05 19.05 0 18.33

    2/4/2008 19.05 19.05 19.05 19.05 0 18.33

    2/5/2008 21.88 21.88 21.88 21.88 10100 21.06

    2/6/2008 21.77 21.88 21.77 21.88 78700 21.06

    2/7/2008 21.88 22.38 20.3 21.15 42100 20.35

    2/8/2008 21.78 21.78 21.78 21.78 9000 20.96

    2/11/2008 21.78 22.18 21.78 22.18 9100 21.34

    2/12/2008 22.48 22.57 20.32 21.58 55700 20.77

    2/13/2008 21.77 22.18 21.08 21.31 113400 20.5

    2/14/2008 21.29 21.58 21.29 21.58 19600 20.77

    2/15/2008 21.76 21.76 21.76 21.76 2000 20.94

    2/18/2008 21.98 21.98 21.93 21.95 6400 21.12

    2/19/2008 21.12 22.62 21.11 21.8 65500 20.98

    2/20/2008 21.83 21.83 21.83 21.83 5000 21.01

    2/21/2008 21.88 22.28 21.88 22.18 55000 21.34

    2/22/2008 22.08 22.13 21.06 22.13 27200 21.29

    2/25/2008 21.98 22.18 21.58 21.77 30900 20.95

    2/26/2008 21.67 21.68 21.3 21.67 33600 20.86

    2/27/2008 21.98 22.03 21.98 22.03 10100 21.2

    2/28/2008 21.77 21.78 21.58 21.67 16100 20.86

    2/29/2008 22.07 22.07 21.63 21.68 10200 20.87

    3/3/2008 21.58 21.67 21.56 21.56 31300 20.75

    3/4/2008 21.29 21.57 21.19 21.39 25200 20.58

    3/5/2008 21.39 21.44 21.29 21.44 26500 20.63

    3/6/2008 21.49 21.58 21.29 21.57 15400 20.76

    3/7/2008 21.49 21.57 21.49 21.57 19100 20.763/10/2008 21.57 21.57 21.39 21.39 5000 20.58

    3/11/2008 21.49 22.08 21.49 21.78 15100 20.96

    3/12/2008 21.78 23.76 21.58 22.17 131400 21.33

    3/13/2008 22.57 22.57 20.79 22.38 5000 21.53

    3/14/2008 22.48 22.48 22.18 22.28 27200 21.44

    3/18/2008 21.78 22.28 21.58 22.28 43400 21.44

    3/19/2008 22.27 22.28 22.18 22.18 30300 21.34

    3/20/2008 22.18 22.18 22.18 22.18 0 21.34

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    3/21/2008 22.18 22.18 22.18 22.18 0 21.34

    3/24/2008 21.78 22.38 21.78 22.38 1000 21.53

    3/25/2008 21.98 22.43 21.77 22.43 50800 21.58

    3/26/2008 22.38 22.43 21.45 22.32 33400 21.48

    3/27/2008 22.38 22.69 21.98 22.65 37800 21.8

    3/28/2008 22.67 22.74 22.28 22.73 47400 21.88

    3/31/2008 22.62 22.73 21.98 22.69 46600 21.844/1/2008 22.77 23.37 22.48 22.8 161600 21.94

    4/2/2008 23.27 23.47 22.82 23.47 79100 22.58

    4/3/2008 23.55 23.55 23.42 23.55 57100 22.67

    4/4/2008 23.56 23.56 23.56 23.56 10100 22.68

    4/7/2008 23.56 23.76 23.27 23.76 12800 22.87

    4/8/2008 23.56 23.76 23.56 23.76 187100 22.87

    4/9/2008 23.61 23.71 23.61 23.71 150900 22.82

    4/10/2008 23.71 24.01 23.61 23.86 245700 22.96

    4/11/2008 24.06 24.06 24.06 24.06 10100 23.15

    4/14/2008 23.47 23.86 23.43 23.86 45100 22.96

    4/15/2008 23.86 23.91 23.76 23.86 37500 22.96

    4/16/2008 23.86 24.25 23.66 23.86 51100 22.96

    4/17/2008 23.85 24.24 23.85 24.05 390100 23.14

    4/18/2008 24.16 24.24 23.76 24.24 50300 23.32

    4/21/2008 24.24 24.25 23.91 24.2 34800 23.29

    4/22/2008 24.36 24.46 24.36 24.45 15200 23.52

    4/23/2008 24.26 24.26 23.86 24.12 88700 23.21

    4/24/2008 24.12 24.26 23.91 23.91 25700 23.01

    4/25/2008 24.5 25.05 23.91 24.26 178000 23.34

    4/28/2008 24.06 24.21 23.81 24.05 54600 23.14

    4/29/2008 24.06 24.06 24.04 24.06 32500 23.15

    4/30/2008 24.06 24.06 23.27 23.27 62400 22.39

    5/1/2008 23.27 23.27 23.27 23.27 0 22.39

    5/2/2008 23.96 24.06 23.96 24.06 10200 23.15

    5/5/2008 23.86 23.91 23.47 23.74 32600 22.85

    5/6/2008 23.47 23.76 23.47 23.76 13300 22.87

    5/7/2008 24.06 24.16 23.66 23.66 17700 22.77

    5/8/2008 23.27 23.76 22.97 23.66 96200 22.77

    5/9/2008 23.66 23.66 23.61 23.66 10500 22.77

    5/12/2008 23.75 23.75 22.77 22.77 0 21.91

    5/13/2008 22.87 22.87 22.87 22.87 300 22.015/14/2008 22.77 23.71 22.77 23.71 8700 22.82

    5/15/2008 23.76 23.76 23.26 23.76 20200 22.87

    5/16/2008 23.71 23.76 23.71 23.76 1000 22.87

    5/19/2008 23.18 23.65 23.07 23.64 35600 22.75

    5/20/2008 23.56 23.56 22.77 23.27 31500 22.39

    5/21/2008 23.51 23.51 22.77 22.97 81100 22.1

    5/22/2008 22.77 23.27 22.77 23.02 7100 22.15

    5/23/2008 23.01 23.02 22.38 22.43 110300 21.58

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    5/26/2008 22.57 22.66 22.23 22.28 14300 21.44

    5/27/2008 22.33 22.48 22.18 22.28 220700 21.44

    5/28/2008 22.77 22.77 21.98 22.62 69400 21.77

    5/29/2008 22.76 22.77 22.28 22.77 62200 21.91

    5/30/2008 22.62 22.62 21.78 21.78 0 20.96

    6/2/2008 22.97 23.27 22.97 23.27 40400 22.39

    6/3/2008 23.27 23.51 22.78 23.07 7200 22.26/4/2008 23.27 23.27 22.77 23.17 13200 22.3

    6/5/2008 22.77 23.76 22.77 23.76 20200 22.87

    6/6/2008 23.7 23.7 22.79 22.79 0 21.93

    6/9/2008 23.27 23.66 22.79 23.24 9000 22.36

    6/10/2008 23.21 23.21 22.78 22.78 0 21.92

    6/11/2008 22.78 22.96 22.78 22.96 8500 22.1

    6/12/2008 22.78 23.26 22.78 23.26 400 22.38

    6/13/2008 22.96 22.96 22.96 22.96 100 22.1

    6/16/2008 22.95 22.95 22.95 22.95 100 22.09

    6/17/2008 22.82 22.95 22.82 22.94 500 22.08

    6/18/2008 22.87 22.95 22.87 22.95 500 22.09

    6/19/2008 22.77 22.87 22.77 22.87 500 22.01

    6/20/2008 22.87 22.87 22.87 22.87 13000 22.01

    6/23/2008 22.86 22.86 22.77 22.77 1000 21.91

    6/24/2008 22.94 22.94 22.67 22.67 1200 21.82

    6/25/2008 22.28 22.28 21.88 21.88 0 21.06

    6/26/2008 22.28 22.28 22.28 22.28 0 21.44

    6/27/2008 22.28 22.28 22.28 22.28 0 21.44

    6/30/2008 22.18 22.18 19.81 19.81 0 19.07

    7/1/2008 22.18 22.18 22.18 22.18 0 21.34

    7/2/2008 21.78 21.78 20.1 20.1 0 19.34

    7/3/2008 21.67 21.67 19.81 19.81 0 19.07

    7/4/2008 21.68 21.68 21.68 21.68 0 20.87

    7/7/2008 21.68 22.48 21.68 22.48 30600 21.63

    7/8/2008 22.28 22.28 22.28 22.28 0 21.44

    7/9/2008 22.17 22.28 22.17 22.28 78800 21.44

    7/10/2008 22.28 22.28 21.01 22.08 39500 21.25

    7/11/2008 22.08 22.08 22.03 22.08 6000 21.25

    7/14/2008 22.08 22.18 20.79 21.5 40200 20.69

    7/15/2008 21.77 21.77 20.79 21.68 33300 20.87

    7/16/2008 21.76 21.77 21.76 21.77 6000 20.957/17/2008 21.76 21.76 21.76 21.76 1000 20.94

    7/18/2008 21.76 21.88 21.76 21.88 3000 21.06

    7/21/2008 21.98 22.08 21.93 21.93 3200 21.1

    7/22/2008 21.93 21.98 21.83 21.88 7500 21.06

    7/23/2008 21.88 21.88 21.87 21.88 3000 21.06

    7/24/2008 21.83 21.88 21.68 21.78 5000 20.96

    7/25/2008 21.78 21.88 20.79 21.71 13800 20.89

    7/28/2008 20.84 21.78 20.79 21.76 63400 20.94

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    7/29/2008 21.14 21.72 21.14 21.67 25000 20.86

    7/30/2008 21.67 21.67 21.67 21.67 0 20.86

    7/31/2008 21.76 21.76 20.79 20.79 0 20.01

    8/1/2008 21.49 21.49 20.79 20.79 0 20.01

    8/4/2008 21.73 21.78 21.73 21.78 19200 20.96

    8/5/2008 21.57 21.57 20.59 20.59 0 19.82

    8/6/2008 20.59 21.61 20.59 21.5 34300 20.698/7/2008 20.3 21.61 20.3 21.49 31300 20.68

    8/8/2008 21.49 21.61 21.49 21.61 5500 20.8

    8/11/2008 21.58 21.61 21.58 21.58 5100 20.77

    8/12/2008 21.53 21.55 21.53 21.55 4400 20.74

    8/13/2008 20.64 21.39 20.64 21.34 52600 20.53

    8/14/2008 20.79 21.39 20.79 21.29 38100 20.49

    8/15/2008 20.84 21.39 20.84 21.39 39500 20.58

    8/18/2008 21.37 21.38 21.37 21.37 5000 20.56

    8/19/2008 21.37 21.38 21.37 21.38 4300 20.57

    8/20/2008 21.37 21.38 20.3 20.3 18000 19.53

    8/21/2008 21.31 21.31 20.53 20.54 30800 19.77

    8/22/2008 20.53 21.38 20.53 21.28 188500 20.48

    8/25/2008 21.33 21.34 21.29 21.29 10300 20.49

    8/26/2008 21.28 21.29 20.3 21.04 10200 20.25

    8/27/2008 20.79 21.29 20.79 21.29 33600 20.49

    8/28/2008 20.45 21.28 20.45 21.28 300 20.48

    8/29/2008 20.78 21.28 20.78 21.28 1400 20.48

    9/1/2008 21.29 21.29 20.31 20.31 0 19.54

    9/2/2008 21.27 21.29 20.5 20.5 19900 19.72

    9/3/2008 21.28 21.28 20.51 21.16 23400 20.36

    9/4/2008 21.09 21.09 21.04 21.04 8300 20.25

    9/5/2008 21.09 21.09 20.59 20.98 48500 20.19

    9/8/2008 21.13 21.14 21.09 21.13 7000 20.33

    9/9/2008 21.09 21.09 20.3 20.3 0 19.53

    9/10/2008 21.08 21.08 21.08 21.08 0 20.29

    9/11/2008 21.13 21.13 21.13 21.13 1200 20.33

    9/12/2008 21.09 21.49 21.09 21.49 66400 20.68

    9/15/2008 21.09 21.09 20.3 20.3 0 19.53

    9/16/2008 20.3 20.3 20.3 20.3 0 19.53

    9/17/2008 21.28 21.28 21.27 21.27 7000 20.47

    9/18/2008 20.59 21.24 20.59 21.19 21400 20.399/19/2008 20.2 21.08 20.2 21.08 30600 20.29

    9/22/2008 21.16 21.16 19.8 21.16 0 20.36

    9/23/2008 21.04 21.08 21.04 21.08 5100 20.29

    9/24/2008 20.94 21.03 20.94 21.02 1100 20.23

    9/25/2008 20.3 21 20.3 21 10300 20.21

    9/26/2008 20.3 20.3 19.31 19.31 0 18.58

    9/29/2008 20.2 20.2 20.2 20.2 7100 19.44

    9/30/2008 19.8 20.68 19.8 20.56 30400 19.79

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    10/1/2008 19.8 20.57 19.6 20.46 91700 19.68

    10/2/2008 20.59 20.59 20.59 20.59 0 19.82

    10/3/2008 20.29 20.29 20.29 20.29 0 19.52

    10/6/2008 20.27 20.27 18.32 18.32 0 17.63

    10/7/2008 20.68 20.68 20.68 20.68 0 19.9

    10/8/2008 18.31 18.81 17.23 18.78 2400 18.07

    10/9/2008 18.79 18.79 18.79 18.79 0 18.0810/10/2008 17.56 17.56 17.56 17.56 0 16.9

    10/13/2008 17.81 17.81 17.81 17.81 1000 17.14

    10/14/2008 18.81 19.85 18.7 18.81 36500 18.1

    10/15/2008 17.61 17.61 17.61 17.61 0 16.95

    10/16/2008 19.26 19.26 19.26 19.26 10100 18.53

    10/17/2008 17.82 17.82 17.82 17.82 0 17.15

    10/20/2008 18.29 18.29 18.29 18.29 0 17.6

    10/21/2008 17.91 17.91 17.91 17.91 0 17.24

    10/22/2008 18.24 18.24 18.24 18.24 0 17.55

    10/23/2008 17.33 17.33 17.33 17.33 0 16.67

    10/24/2008 16.77 16.77 16.77 16.77 100 16.14

    10/27/2008 16.83 16.83 14.85 16.83 0 16.2

    10/28/2008 15.62 16.83 14.85 15.62 0 15.04

    10/29/2008 14.7 16.34 14.6 14.7 0 14.15

    10/30/2008 14.83 14.85 13.86 14.83 0 14.27

    10/31/2008 14.65 14.65 14.65 14.65 0 14.1

    11/3/2008 14.85 14.85 14.65 14.85 25300 14.29

    11/4/2008 14.65 14.65 12.38 12.38 0 11.91

    11/5/2008 14.5 14.52 12.87 14.5 0 13.96

    11/6/2008 14.7 14.7 14.46 14.55 64500 14.01

    11/7/2008 14.36 14.36 13.85 13.86 34600 13.34

    11/10/2008 12.57 13.61 12.57 13.12 14700 12.62

    11/11/2008 12.87 12.87 11.88 11.88 0 11.43

    11/12/2008 12.87 12.87 12.87 12.87 100 12.39

    11/13/2008 12.85 12.85 10.94 10.94 0 10.53

    11/14/2008 12.85 12.85 10.94 10.94 0 10.53

    11/17/2008 10.94 10.94 10.94 10.94 0 10.53

    11/18/2008 12.85 12.86 12.61 12.61 10200 12.14

    11/19/2008 12.48 12.56 12.48 12.56 5100 12.09

    11/20/2008 12.55 12.55 12.55 12.55 5100 12.08

    11/21/2008 12.37 12.55 12.37 12.55 7100 12.0811/24/2008 12.55 12.56 12.55 12.55 20400 12.08

    11/25/2008 11.88 12.28 11.88 12.27 16100 11.81

    11/26/2008 11.88 11.88 11.88 11.88 4000 11.43

    11/27/2008 11.68 11.68 10.1 10.1 0 9.72

    11/28/2008 11.63 12.28 11.24 12.18 107000 11.72

    12/1/2008 11.38 11.38 11.24 11.24 0 10.81

    12/2/2008 10.89 12.57 10.4 10.89 0 10.48

    12/3/2008 10.59 10.89 10.59 10.89 15100 10.48

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    12/4/2008 10.89 11.09 10.89 11.09 400 10.67

    12/5/2008 10.4 11.09 10.4 10.64 17000 10.24

    12/8/2008 10.74 11.07 10.65 10.93 107700 10.52

    12/9/2008 10.5 10.5 10.5 10.5 1800 10.1

    12/10/2008 10.89 10.89 9.9 10.84 243900 10.43

    12/11/2008 10.89 10.89 9.9 10.89 4600 10.48

    12/12/2008 10.89 10.89 10.89 10.89 0 10.4812/15/2008 11.39 11.39 10.87 10.89 1300 10.48

    12/16/2008 11.24 11.24 11.24 11.24 100 10.81

    12/17/2008 10.98 10.99 10.89 10.89 86000 10.48

    12/18/2008 10.84 10.84 10.84 10.84 100 10.43

    12/19/2008 10.81 10.81 9.9 9.9 0 9.53

    12/22/2008 10.58 10.58 9.9 9.9 21900 9.53

    12/23/2008 10.49 10.49 8.91 10.49 0 10.09

    12/24/2008 10.86 10.86 10.86 10.86 300 10.45

    12/25/2008 10.86 10.86 10.86 10.86 0 10.45

    12/26/2008 10.86 10.87 10.74 10.74 800 10.34

    12/29/2008 10.61 10.63 10.59 10.63 10500 10.23

    12/30/2008 11.39 11.39 10.63 11.39 0 10.96

    12/31/2008 11.38 11.38 11.38 11.38 100 10.95

    1/1/2009 11.38 11.38 11.38 11.38 0 10.95

    1/2/2009 11.09 11.09 9.41 9.41 0 9.05

    1/5/2009 11.13 11.14 11.13 11.14 300 10.72

    1/6/2009 10.63 10.63 10.05 10.15 12000 9.77

    1/7/2009 9.9 9.9 9.18 9.49 49100 9.13

    1/8/2009 9.31 9.48 9.26 9.33 93700 8.98

    1/9/2009 9.9 9.9 9.8 9.8 400 9.43

    1/12/2009 10.15 10.15 10.15 10.15 5000 9.77

    1/13/2009 9.79 9.79 9.31 9.31 0 8.96

    1/14/2009 9.8 9.8 9.21 9.21 0 8.86

    1/15/2009 9.8 9.9 9.8 9.9 6000 9.53

    1/16/2009 9.89 9.89 9.41 9.41 0 9.05

    1/19/2009 9.85 9.85 9.26 9.26 0 8.91

    1/20/2009 9.41 9.41 8.91 8.91 0 8.58

    1/21/2009 9.89 9.89 9.21 9.21 0 8.86

    1/22/2009 9.41 9.89 9.41 9.89 10200 9.52

    1/23/2009 9.89 9.89 9.89 9.89 0 9.52

    1/26/2009 9.41 9.89 9.41 9.89 10400 9.521/27/2009 9.41 9.86 9.41 9.65 10300 9.29

    1/28/2009 9.6 9.6 9.6 9.6 12600 9.24

    1/29/2009 9.59 9.59 9.21 9.21 0 8.86

    1/30/2009 9.9 9.9 9.21 9.9 0 9.53

    2/2/2009 9.9 9.9 9.9 9.9 0 9.53

    2/3/2009 9.7 9.7 9.21 9.21 0 8.86

    2/4/2009 9.7 9.7 9.21 9.21 0 8.86

    2/5/2009 9.79 9.8 9.79 9.8 600 9.43

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    2/6/2009 9.79 9.79 9.21 9.21 0 8.86

    2/9/2009 9.84 9.84 7.92 7.92 0 7.62

    2/10/2009 9.41 9.85 9.41 9.85 20400 9.48

    2/11/2009 9.79 9.79 7.92 7.92 0 7.62

    2/12/2009 9.79 9.79 8.42 8.42 0 8.1

    2/13/2009 9.75 9.75 9.21 9.21 0 8.86

    2/16/2009 9.8 9.8 9.21 9.21 0 8.862/17/2009 9.74 9.74 9.21 9.21 0 8.86

    2/18/2009 9.69 9.69 9.21 9.21 0 8.86

    2/19/2009 9.85 9.85 9.85 9.85 0 9.48

    2/20/2009 9.7 9.8 9.7 9.8 323200 9.43

    2/23/2009 9.69 9.7 9.67 9.68 893800 9.32

    2/24/2009 9.64 9.65 9.31 9.31 913900 8.96

    2/25/2009 9.31 9.31 9.31 9.31 0 8.96

    2/26/2009 7.43 9.64 7.43 7.43 0 7.15

    2/27/2009 9.67 9.67 9.67 9.67 100 9.31

    3/2/2009 9.4 9.4 9.4 9.4 0 9.04

    3/3/2009 9.4 9.4 9.4 9.4 0 9.04

    3/4/2009 9.4 9.4 9.4 9.4 0 9.04

    3/5/2009 9.39 9.39 9.39 9.39 0 9.03

    3/6/2009 9.39 9.39 9.39 9.39 0 9.03

    3/9/2009 9.2 9.2 9.2 9.2 0 8.85

    3/10/2009 8.71 8.71 8.71 8.71 0 8.38

    3/11/2009 8.71 8.71 8.71 8.71 0 8.38

    3/12/2009 8.71 8.71 8.71 8.71 0 8.38

    3/13/2009 8.71 8.71 8.71 8.71 177300 8.38

    3/16/2009 8.71 8.71 8.71 8.71 0 8.38

    3/17/2009 8.61 8.61 8.61 8.61 25200 8.29

    3/18/2009 8.7 8.71 8.7 8.71 2500 8.38

    3/19/2009 8.71 8.71 8.71 8.71 0 8.38

    3/20/2009 8.5 8.5 8.5 8.5 0 8.18

    3/23/2009 8.66 8.66 8.66 8.66 0 8.34

    3/24/2009 8.69 8.69 8.69 8.69 25200 8.37

    3/25/2009 8.61 8.64 8.61 8.64 2500 8.32

    3/26/2009 8.32 8.35 8.31 8.31 613500 7.99

    3/27/2009 8.22 8.22 8.22 8.22 0 7.91

    3/30/2009 8.17 8.17 8.17 8.17 0 7.86

    3/31/2009 8.11 8.11 8.11 8.11 0 7.84/1/2009 8.07 8.1 8.07 8.1 2000 7.79

    4/2/2009 7.91 7.91 7.91 7.91 100 7.61

    4/3/2009 8.1 8.1 8.1 8.1 100 7.79

    4/6/2009 8.1 8.1 8.1 8.1 0 7.79

    4/7/2009 7.43 7.92 7.43 7.43 0 7.15

    4/8/2009 7.43 7.91 7.43 7.43 0 7.15

    4/9/2009 7.43 7.43 7.43 7.43 0 7.15

    4/10/2009 8.1 8.1 8.1 8.1 0 7.79

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    4/13/2009 8.1 8.17 8.08 8.17 113900 7.86

    4/14/2009 8.17 8.17 8.17 8.17 0 7.86

    4/15/2009 6.95 8.01 6.95 6.95 0 6.69

    4/16/2009 7.92 8.01 7.92 8.01 116100 7.71

    4/17/2009 7.61 7.62 7.61 7.62 19000 7.34

    4/20/2009 7.43 7.43 7.33 7.33 7500 7.05

    4/21/2009 7.23 7.23 7.12 7.17 12200 6.94/22/2009 7.08 7.08 6.93 6.93 611800 6.67

    4/23/2009 7.23 7.23 6.73 7.23 0 6.96

    4/24/2009 7.23 7.23 7.23 7.23 4000 6.96

    4/27/2009 7.97 7.97 6.93 7.97 0 7.67

    4/28/2009 7.13 7.92 7.13 7.13 0 6.86

    4/29/2009 7.57 7.92 7.57 7.57 0 7.29

    4/30/2009 7.13 7.92 7.13 7.13 0 6.86

    5/1/2009 7.97 7.97 7.97 7.97 0 7.67

    5/4/2009 7.81 7.81 7.03 7.77 42300 7.48

    5/5/2009 7.22 7.77 6.93 7.22 0 6.95

    5/6/2009 7.23 7.23 6.92 7.09 150900 6.82

    5/7/2009 7.28 7.28 7.08 7.22 163900 6.95

    5/8/2009 7.23 7.42 7.23 7.42 19800 7.14

    5/11/2009 7.13 7.13 7.13 7.13 362000 6.86

    5/12/2009 7.18 7.18 7.18 7.18 25200 6.91

    5/13/2009 7.13 7.18 7.13 7.18 5000 6.91

    5/14/2009 7.18 7.18 7.13 7.13 11100 6.86

    5/15/2009 7.03 7.03 6.93 6.93 521200 6.67

    5/18/2009 7.43 7.43 6.88 7.43 0 7.15

    5/19/2009 7.43 7.62 7.28 7.62 12300 7.34

    5/20/2009 7.43 7.43 7.14 7.25 63900 6.97

    5/21/2009 7.03 7.13 6.93 7.13 90900 6.86

    5/22/2009 6.93 7.13 6.93 7.13 75200 6.86

    5/25/2009 7.13 7.14 7.03 7.11 120300 6.84

    5/26/2009 7.1 7.23 7.1 7.23 104400 6.96

    5/27/2009 7.23 7.28 7.23 7.23 628100 6.96

    5/28/2009 7.18 7.23 7.13 7.13 128600 6.86

    5/29/2009 7.23 7.23 7.23 7.23 5700 6.96

    6/1/2009 7.23 7.43 7.23 7.23 118900 6.96

    6/2/2009 7.28 7.28 7.24 7.24 4200 6.96

    6/3/2009 7.24 7.24 7.23 7.23 11100 6.966/4/2009 7.28 7.72 7.28 7.28 0 7

    6/5/2009 7.33 7.33 7.33 7.33 600 7.05

    6/8/2009 7.94 7.97 7.43 7.92 0 7.62

    6/9/2009 7.97 8.22 7.97 8.2 242400 7.89

    6/10/2009 8.2 8.2 7.92 7.92 21400 7.62

    6/11/2009 7.92 8.16 7.92 8.15 20500 7.84

    6/12/2009 8.19 8.19 8.19 8.19 2000 7.88

    6/15/2009 8.19 8.19 8.12 8.12 21000 7.81

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    6/16/2009 8.11 8.12 7.77 7.97 116300 7.67

    6/17/2009 7.28 7.92 7.28 7.28 0 7

    6/18/2009 7.92 7.92 7.92 7.92 1200 7.62

    6/19/2009 7.92 7.92 7.92 7.92 600 7.62

    6/22/2009 6.73 7.92 6.73 6.73 0 6.48

    6/23/2009 7.89 7.89 7.89 7.89 400 7.59

    6/24/2009 6.73 7.92 6.73 6.73 0 6.486/25/2009 7.89 7.92 7.89 7.92 43700 7.62

    6/26/2009 7.92 7.92 7.92 7.92 145400 7.62

    6/29/2009 7.19 7.92 7.19 7.19 0 6.92

    6/30/2009 7.18 7.92 7.18 7.18 0 6.91

    7/1/2009 6.73 7.92 6.73 6.73 0 6.48

    7/2/2009 7.92 7.92 7.92 7.92 31500 7.62

    7/3/2009 6.73 7.92 6.73 6.73 0 6.48

    7/6/2009 6.73 7.91 6.73 6.73 0 6.48

    7/7/2009 6.73 7.92 6.73 6.73 0 6.48

    7/8/2009 6.73 7.87 6.73 6.73 0 6.48

    7/9/2009 6.73 7.87 6.73 6.73 0 6.48

    7/10/2009 7.04 7.87 7.04 7.04 0 6.77

    7/13/2009 7.87 7.87 7.87 7.87 500 7.57

    7/14/2009 7.72 7.72 7.72 7.72 0 7.43

    7/15/2009 6.93 7.72 6.93 6.93 0 6.67

    7/16/2009 7.87 7.87 7.72 7.72 1200 7.43

    7/17/2009 7.57 7.57 7.57 7.57 100 7.29

    7/20/2009 7.42 7.43 7.42 7.43 12100 7.15

    7/21/2009 7.23 7.23 7.23 7.23 2400 6.96

    7/22/2009 7.23 7.23 7.04 7.04 6300 6.77

    7/23/2009 7.09 7.42 7.09 7.09 0 6.82

    7/24/2009 7.09 7.09 6.93 6.93 81500 6.67

    7/27/2009 6.93 6.93 6.93 6.93 2000 6.67

    7/28/2009 7.03 7.03 7.03 7.03 200 6.76

    7/29/2009 7.04 7.33 7.04 7.04 0 6.77

    7/30/2009 7.33 7.57 7.33 7.57 59600 7.29

    7/31/2009 7.57 7.97 7.57 7.97 285700 7.67

    8/3/2009 7.97 7.98 7.92 7.92 340400 7.62

    8/4/2009 7.92 7.92 7.82 7.92 517400 7.62

    8/5/2009 7.96 8.01 7.92 8.01 130600 7.71

    8/6/2009 8.02 8.02 8.02 8.02 30500 7.728/7/2009 8.02 8.07 8.02 8.07 36700 7.77

    8/10/2009 8.07 8.12 8.07 8.12 47200 7.81

    8/11/2009 8.07 8.07 8.01 8.01 6500 7.71

    8/12/2009 8.02 8.02 8.02 8.02 12600 7.72

    8/13/2009 7.98 7.98 7.98 7.98 1100 7.68

    8/14/2009 7.98 7.98 7.92 7.92 42400 7.62

    8/17/2009 7.92 7.92 7.92 7.92 50500 7.62

    8/18/2009 7.97 8.12 7.97 8.02 107200 7.72

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    8/19/2009 8.07 8.07 8.07 8.07 50500 7.77

    8/20/2009 8.11 8.17 8.07 8.07 70400 7.77

    8/21/2009 8.07 8.22 8.07 8.09 120900 7.78

    8/24/2009 8.22 8.22 8.17 8.22 83800 7.91

    8/25/2009 8.22 8.42 8.22 8.37 188200 8.05

    8/26/2009 7.92 8.22 7.92 8.22 69800 7.91

    8/27/2009 8.3 8.31 8.27 8.27 97400 7.968/28/2009 8.28 8.28 8.28 8.28 1200 7.97

    8/31/2009 8.3 8.3 8.3 8.3 400 7.98

    9/1/2009 8.31 8.31 7.92 7.92 26200 7.62

    9/2/2009 8.27 8.27 8.27 8.27 100 7.96

    9/3/2009 8.27 8.32 8.22 8.22 529100 7.91

    9/4/2009 8.12 8.12 8.02 8.02 55500 7.72

    9/7/2009 7.96 7.96 7.92 7.92 101000 7.62

    9/8/2009 7.97 7.97 7.93 7.93 7900 7.63

    9/9/2009 7.92 8.12 7.92 7.92 0 7.62

    9/10/2009 8.12 8.12 8.12 8.12 5000 7.81

    9/11/2009 8.12 8.12 8.12 8.12 100 7.81

    9/14/2009 8.11 8.11 8.11 8.11 50500 7.8

    9/15/2009 8.09 8.12 8.09 8.12 114200 7.81

    9/16/2009 8.12 8.12 8.12 8.12 0 7.81

    9/17/2009 8.31 8.31 7.92 7.92 5100 7.62

    9/18/2009 8.31 8.31 8.31 8.31 6000 7.99

    9/21/2009 8.31 8.32 7.93 7.93 111800 7.63

    9/22/2009 8.02 8.02 7.94 8.02 4800 7.72