Oreninc Index Increases Slightly for Second Straight Week
The Oreninc Index continued to creep up slightly for the week ending April 3, 2014. While not showing any significant gains, the increase in performance is a positive development. Dollars announced increased to $60.7m, a three-week high. Eight brokered deals were announced for $30.2m, and three bought deals were announced for $23.2m, both three-week highs. Although the Index improved for the second straight week, the five-week moving average fell to its lowest mark in six weeks; it may stay at this level for the foreseeable future as the big dollar financings start to melt away.