BISX PRESS RELEASE
FOR IMMEDIATE PUBLICATION
BISX YEAR END STATISTICAL REPORT FOR 2008
BISX is pleased to announce its annual and quarterly BISX All Share Index and trading statistics for the periods ending December 31, 2008 with comparison to previous periods.
BISX ALL SHARE INDEX
For year ending December 31, 2008, the BISX All Share Index closed at 1712.36, which represented a year to date decrease of 354.39 points or 17.15%, for December 31, 2007 the Index closed at 2066.75 a gain of 390.56 points or 23.30%. The BISX All Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities. As at December 31, 2008 the market was comprised of 24 primary market listings with a market capitalization of $3.30 billion. The primary market securities traded over BISX include 19 common share listings, 1 preference share listing and 4 tranches of debt.
For the quarter October 1, 2008 to December 31, 2008; the BISX All Share Index decreased 124.25 points or 6.76%; by comparison during the period October 1, 2007 to December 31, 2007 the index increased by 156.95 points or 8.21%.
COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES
Over the 12 month period January to December 2008, most equity markets have experienced declines as indicated by the chart below:
Closing Date MSCI Emerging Market Index S&P 500 Index FTSE 100 Index BISX All Share Index
December 31, 2007 49.45 1468.36 6,456.9 2,066.67
December 31, 2008 24.97 903.25 4,434.20 1,712.36
Percentage Change (+/-) -49.45% -38.49% -31.33% -17.15%
TRADING VOLUMES AND VALUES
Trading volume for the year 2008 was 9,623,219 shares for a value of $71,553,233.87. This compares to 2007 when 4,770,270 shares traded hands for a trade value of $28,255,458.87. The Trading volume for 2008 includes a 5 million share trade for a value of $41,000,000 which was carried out in September 2008 for ICD Utilities Limited (ICD). Removing this large transaction from the full year statistics results in a trade volume of 4,623,219 shares and a trade value of $31,553,233.87 for the year 2008.
For the three month period from October to December 2008; 1,031,058 shares traded for a value of $6,948,437.50. During the comparable period of 2007; 819,601 shares traded for a value of $5,889,270.02. The average quarterly volume during the 5 year period October – December 2004 – 2008 was 1,394,377 shares for a trade value of $8,042,306.93.
SHARE VOLUME AND VALUE LEADERS
The top five share trade volume leaders on BISX for the twelve month period ending December 31, 2008 with their contribution to total volume displayed in brackets were:
SYMBOL VOLUME % of VOLUME
ICD 5,095,632 (58.2%)
CBL 1,841,361 (18.5%)
CHL 529,059 (5.5%)
DHS 489,838 (5.1%)
FCL 328,228 (3.4%)
The top five share trade value leaders for the twelve month period ending December 31, 2008 with their contribution to total value displayed in brackets were:
SYMBOL VALUE % of VALUE
ICD $41,609,457.32 (58.2%)
CBL $13,271,272.56 (18.5%)
CAB $3,754,958.50 (5.2%)
CIB $2,469,356.07 (3.5%)
FIN $2,397,791.42 (3.4%)
SHARE PRICE APPRECIATION LEADERS (IN PERCENTAGES)
The top five share price appreciation symbols for the twelve month period ending December 31, 2008 with the percentage gain in their price are detailed below:
SYMBOL OPENING PRICE CLOSING PRICE PERCENTAGE GAIN
CAB $12.05 $14.03 16.43%
DHS $2.35 $2.55 8.51%
FAM $7.20 $7.80 8.33%
AML $1.66 $1.71 3.01%
JSJ $11.00 $11.10 0.91%
For Additional Information Contact
Holland Grant
BISX Listing Manager
Tel: 242-394-2503
Fax: 242-394-2504
Email: info@bisxbahamas.com
Bahamas International Securities Exchange
8 Village Gardens
Village Road & Village Gardens
P. O. Box EE-15672, Nassau, Bahamas
Telephone: (242) 394-2503 Facsimile: (242) 394-2504
Website: www.bisxbahamas.com
