BMA-PGBI Closing Bell

Yield on the BMA-PGBI remained stable and its value increased to close at 100.4952. The yields to maturity remained stable in the short, medium, as well as long tenors. The effect of interest rate return resulted in an increase in the value of the BMA-PGBI.

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Index Statistics             22-December-2005   21-December-2005          Change

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BMA-PGBI         (Index Value)     100.4952         100.4766    0.0187   (0.02%)

Principal Return (Index Value)      83.9274          83.9291   -0.0017   (0.00%)

Interest Return   %                   19.74%           19.72%   0.0002   (0.13%)

Average Coupon    %                 10.5733          10.5733    0.0000   (0.00%)

Average Maturity  %                  5.8899           5.8926   -0.0027  (-0.05%)

Average Yield     %                  9.1991           9.1985    0.0006   (0.01%)

Average Duration        Value        4.1164           4.1190   -0.0026  (-0.06%)

Average Convexity       Value       27.3985           27.3982   0.0003   (0.00%)

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