Author: Alika Hepburn

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2010 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2010 with comparison to the same period of 2009.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2010 the BISX All-Share Index closed at 1,499.51. This represents a year to date decrease of 65.87 or 4.21%. For the year ending December 31, 2009, the BISX All Share Index closed at 1565.38, which represented a year to date decrease of 146.98 points or 8.58%. For the three month period from October 1 to December 31, 2010, the Index experienced a decrease of 17.26 or 1.14% from 1,516.77 to 1,499.51. By comparison, for the three month period from October 1 to December 31, 2009, the Index experienced an increase of 63.6 or 4.23% from 1,501.78 to 1,565.38. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2010 the market was comprised of 23 primary market listings with a market capitalization of $2.905 Billion. The primary market securities traded over BISX include 18 common share listings, 1 preference share listing and 4 tranches of debt. (Note: Freeport Concrete Company Limited was removed from the roster of BISX listed issuers on Wednesday, July 28, 2010 .and its ordinary shares no longer trade on the Exchange.)

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 310, 2010, some international equity markets have experienced increases as indicated by the chart below:

Closing Date
MSCI Emerging Market Index
S&P 500 Index
FTSE 100 Index
BISX All Share Index

31-Dec-09
989.47
1,115.10
5,412.90
1,565.38

31-Dec-10
1,151.39
1,257.64
5,899.94
1,499.51

Percentage Change (+/-)
16.36%
12.78%
9.00%
-4.21%

TRADING VOLUMES AND VALUES

Trading volume for the twelve month period ending December 31, 2010 was 10,859,846 shares for a value of $110,226,124.06.

The value and volume numbers for 2010 are the highest recorded on BISX over the Exchange’s 10 year history.

The trading volume for the twelve month period ending December 31, 2010 includes a 5,954,600 share trade in Cable Bahamas Limited (CAB) for a value of approximately $80,000,000 which was carried out in January 2010 as well as a 1,073,917 share trade in ICD Utilities Limited for a value of approximately $8,000,000 which was carried out in December 2010. Removing these block trades from the twelve month trading statistics results in 3,831,329 shares trading for a value of $22,308,861.06. By comparison for the twelve month period of 2009 4,908,390 shares traded for a value of $26,519,450.34.

For the three month period from October 1 to December 31, 2010 a total of 2,079,704 shares traded for a value of $13,854,125.63. This compares to the October 1 to December 31, 2009 period where 2,315,550 shares traded for a value of $12,241,929.60. This represents an increase of 10.2% in share volume traded, and a decrease of 13.2% in share value traded in Q4, 2010 compared to Q4, 2009.

Month
Avg. volume / trading day (2010)
Avg. volume / trading day (2009)
Avg. value / trading day (2010)
Avg. value / trading day (2009)

January
9,182
13,390
$82,195.00
$67,447.05

February
5,365
5,309
$80,479.66
$34,372.94

March
18,226
10,498
$90,705.74
$56,864.44

April
48,775
6,314
$283,408.83
$34,562.62

May
8,763
37,157
$64,839.14
$203,639.57

June
12,158
6,536
$50,088.60
$19,866.42

July
14,936
7,479
$81,520.04
$53,152.28

August
11,430
13,574
$36,721.90
$58,335.56

September
6,657
22,786
$21,813.94
$152,117.41

October
17,535
10,380
$87,493.82
$54,236.17

November
11,038
80,003
$77,876.83
$401,254.88

December
18,739
19,881
$111,089.72
$127,457.98

Average for 12 month period
15,234
19,442
$89,019.44
$104,779.58

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period ending December 31, 2010, excluding the CAB and ICD transactions, the average daily trading volume was 15,234 shares which resulted in an average daily trading value of $89,019.44. During this twelve month period, April 2010 saw the highest average daily trading volume and value with 48,775 shares and $283,409 trading, respectively. By comparison, the twelve month period ended December 31, 2009 saw an average daily trading volume of 19,442 shares which resulted in an average daily trading value of $104,779.58.

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period ending December 31, 2010 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME
CAB – 6,178,633 – 56.9%
CBL – 1,345,121 – 12.4%
ICD – 1,108,454 – 10.2%
FCL – 690,309 – 6.4%
CHL – 505,499 – 4.7%

The top five share value leaders for the twelve month period ending December 31, 2010 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE
CAB – $ 84,063,499.26 – 76.3%
ICD – $ 8,140,002.63 – 7.4%
CBL – $ 6,153,937.21 – 5.6%
FCL – $ 3,417,384.07 – 3.1%
FBB15 – $ 1,782,000.00 – 1.6%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period from October 1 to December 31, 2010 with their contribution to total traded volume displayed as a percentage were:

SYMBOL – TRADE VOLUME – % OF VOLUME
ICD – 1,077,567 – 51.8%
CBL – 458,826 – 22.1%
FCL – 255,658 – 12.3%
CHL – 81,111 – 3.9%
CAB – 72,970 – 3.5%

The top five share value leaders for the three month period from October 1, to December 31, 2010 with their contribution to total traded value displayed as a percentage were:

SYMBOL – TRADE VALUE – % OF TRADE VALUE
ICD – $ 7,967,388.30 – 57.5%
CBL – $ 3,115,522.23 – 22.5%
FCL – $ 1,303,828.65 – 9.4%
CAB – $ 751,071.90 – 5.4%
CHL – $ 200,406.95 – 1.4%

For Additional Information Contact:

Holland Grant

BISX Listing Manager

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com