BISX News

FOR IMMEDIATE PUBLICATION – 31 October 2022

The Bahamas International Securities Exchange (BISX) is pleased to announce that Leno International Investment Fund SAC – Class B Shares (“Leno International Equity Fund”) has successfully completed the BISX Mutual Fund Listing Process and has been listed on the Exchange. Leno International Equity Fund is a sub-fund of Leno International Investment Fund SAC. This umbrella fund has previously listed Leno International Income sub-fund on BISX in July 2018.

As a result, this Fund has now been added to the roster of Funds listed on the Exchange. Leno International Investment Fund SAC – Leno International Equity Fund Class B is an open-end, investment fund. The Fund is a Limited Liability Company, incorporated under the Companies Act of 1992. It is registered as a Segregated Account Company under Section 6 of the Segregated Accounts Companies Act 2004. The Fund is licensed as a Standard Fund under the Investment Funds Act of 2019.

Leno’s Chief Operating Officer, Andre White advised that: “Our clients have been asking us for more choices in the international markets. With this Fund, we are allowing Bahamians to participate with an initial minimum investment of $5,000 and increments of $1,000. The Fund is suited for individual and institutional investors seeking growth opportunities outside the Bahamian capital market. The launch of Leno International Equity Fund is consistent with Leno’s commitment to bridge the gap between investors and their future financial goals.”

BISX Chief Executive Officer, Keith Davies, commented: “I am pleased to welcome to listing this new fund from Leno. Leno has been a Member of BISX for almost a decade now and we have been excited as they have added new business lines and services for Bahamian investors. We are also thrilled at the way all of our BISX Broker Dealer Members have used mutual funds to expose investors to diverse investment products. BISX listed Bahamian Dollar mutual funds this year has passed the $1 Billion Assets under Management threshold, and this is due to the commitment of our Members to the Bahamian capital markets.”

Leno Corporate Services Limited served as the BISX Sponsor Member that brought the Funds to the Exchange. The investment decisions will be made by Leno Asset Management Limited. Leno Corporate Services Limited has been appointed to serve as the Administrator of this Fund.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for the Fund. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup
BISX Tel: 242-323-2330
Fax: 242-323-2320
Email: info@bisxbahamas.com

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2021 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve-month period ending December 31, 2021, with comparison to the same period of 2020.

BISX ALL SHARE INDEX

For the twelve-month period ending December 31, 2021, the BISX All-Share Index closed at 2,228.24. This represents a year-to-date increase of 135.92 or 6.50%.  By comparison for the twelve-month period ending December 31, 2020, the BISX All-Share Index closed at 2,092.46.  That increase was a year-to-date decrease of 139.14 or 6.23%.  The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2021 the market was comprised of 20 ordinary shares with a market capitalization of $4.84 Billion. In addition, there were 8 preference shares with a market capitalization of $249 Million and 9 BGS and corporate bonds with a face value of $462 Million and 231 BRS with a face value of $3.7 billion.

MARKET CAPITAL

Over the 3-year period 2019 to 2021, the market value of all securities listed on BISX has shown increases from 2019 to 2021. The increases are due to the listing of BRS on BISX in July 2020 and September 2021; as indicated by the chart below:

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12-month period January 2 to December 31, 2021, some international equity markets have experienced increases and decreases as indicated by the chart below:

TOTAL TRADES BY SECURITY CLASS

For the twelve-month period ending December 31, 2021, trade volumes and values by security class are indicated in the chart below.

TRADING VOLUMES AND VALUES

Trading volume for the twelve-month period January 2, 2021, to December 31, 2021, was 12,044,767 shares for a value of $ 108,437,872.45. Trading volume for the twelve-month period January 2, 2020, to December 31, 2020, was 5,558,484 shares for a value of $27,885,664.36.

Trading volume for the three-month period October 1 to December 31, 2021, was 1,970,790 shares for a value of $ 45,433,003.97. By comparison, for the three-month period from October 1 to December 31, 2019, was 1,850,180 shares for a value of $10,688,918.

For the twelve-month period ending December 31, 2021, the average daily trading volume was 46,091 securities which resulted in an average daily trading value of $423,019.93. By comparison for the twelve-month period December 31, 2020, the average daily trading volume was 22,068 securities for an average value of $110,228.75.

During the three-month period from October 1, 2021, to December 31, 2021, the average volume per trading day was 30,540 securities for a value of $713,471.92. By comparison, for the three-month period from October 1, 2020, to December 31, 2020, the average volume per trading day was 29,368 securities for an average value of $169,665.37.

VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

Overall BISX Volume and Value Leaders (12 Month Period)

The top five traded volume leaders on BISX for the twelve-month period January 2, 2021, to December 31, 2021, with their contribution to total traded volume displayed as a percentage were:

The top five traded value leaders for the twelve-month period January 2, 2021, to December 31, 2021, with their contribution to total traded value displayed as a percentage were:

Equity Volume and Value Leaders (12 Month Period)

The top five share volume (equity) leaders on BISX for the twelve-month period January 2, 2021 to December 31, 2021 with their contribution to total traded equity volume displayed as a percentage were:

The top five share value (equity) leaders for the twelve-month period January 2, 2021, to December 31, 2021, with their contribution to total traded equity value displayed as a percentage were:

BRS Value Leaders (12 Month Period)

The top five share value (BRS) leaders for the twelve-month period January 2, 2021, to December 31, 2021, with their contribution to total traded BRS value displayed as a percentage were:

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

Overall BISX Volume and Value Leaders (3 Month Period)

The top five traded volume leaders on BISX for the three-month period October 1, 2021, to December 31, 2021, with their contribution to total traded volume displayed as a percentage were:

The top five traded value leaders for the three-month period October 1, 2021, to December 31, 2021, with their contribution to total traded value displayed as a percentage were:

Equity Volume and Value Leaders (3 Month Period)

The top five share volume (equity) leaders on BISX for the three-month period October 1, 2021, to December 31, 2021, with their contribution to total traded equity volume displayed as a percentage were:

The top five traded value (equity) leaders for the three-month period October 1, 2021, to December 31, 2021, with their contribution to total traded equity value displayed as a percentage were:

BRS Value Leaders (3 Month Period)

The top five share value (BRS) leaders for the three-month period October 1, 2021, to December 31, 2021, with their contribution to total traded  BRS value displayed as a percentage were: