BISX News

FOR IMMEDIATE PUBLICATION – 21 February 2018

The Bahamas International Securities Exchange (BISX) is pleased to announce that shares of the Long Term Green Investment Fund Ltd. (the “Fund”) have successfully completed the BISX Mutual Fund Listing Process.  As a result, these shares have now been added to the roster of funds listed on the Exchange.

The Fund is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is registered as a Segregated Accounts Company under the Segregated Accounts Companies Act 2000. The Long Term Green Investment Fund Ltd. is an umbrella fund that includes three sub-funds that will all be listed on the Exchange and report their respective NAVs.  The sub-funds with their respective symbols in bold font are:

1. The Long-Term Green Investment Fund Ltd – Class A Shares, (LTGA)
2. The Long-Term Green Investment Fund Ltd – Class B Shares – USD Class (B1), (LTGB)
3. The Long-Term Green Investment Fund Ltd – Class C Shares – USD Class (C1), (LTGC)

BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Fund, “I want to commend Genesis Fund Services for their professionalism and industry know-how with respect to processing and listing funds on the Exchange.  I look forward to working with Genesis in the future and bringing more listings to BISX.  We are also continuing our efforts to expand our mutual fund listing facility and continue the growth we are experiencing each year.”

CFAL Securities Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. Genesis Fund Services has been appointed as the Administrator for the Fund. LT Green Capital Investment Limited acts in capacity of Investment Manager.

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

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2017 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve-month period ending December 29, 2017 with comparison to the same period of 2016.

BISX ALL SHARE INDEX

For the twelve-month period ending December 29, 2017 the BISX All-Share Index closed at 2,063.57. This represents a year to date increase of 125.36 or 6.47%.  By comparison for the twelve-month period ending December 30, 2016 the BISX All-Share Index closed at 1,938.21.  That increase was a year to date increase of 114.26 or 6.26%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 29, 2017 the market was comprised of 20 ordinary shares with a market capitalization of $4.43 Billion. In addition, there were 13 preference shares with a market capitalization of $327 Million and 19 bonds with a face value of $579 Million.

MARKET CAPITAL

Over the 3-year period 2015 to 2017, the market value of all securities listed on BISX has shown increases as indicated by the chart below:

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12-month period January 1 to December 29, 2017, some international equity markets have experienced decreases / increases as indicated by the chart below:

TOTAL TRADES BY SECURITY CLASS

For the twelve-month period ending December 29, 2017, each type of security produced the totals in the chart below.

TRADING VOLUMES AND VALUES

Trading volume for the twelve-month period January 1, 2017 to December 29, 2017 was 5,128,595 shares for a value of $44,596,767.  Trading volume for the twelve-month period January 1, 2016 to December 30, 2016 was 5,552,593 shares for a value of $40,070,454.82.

Trading volume for the three-month period October 1 to December 29, 2017 was 1,714,335 shares for a value of $8,151,746. By comparison, for the three-month period from October 1 to December 30, 2016 was 1,738,991 shares for a value of $14,748,550.66.

AVERAGE DAILY VOLUME AND VALUE

For the twelve-month period ending December 29, 2017, the average daily trading volume was 20,399 shares which resulted in an average daily trading value of $178,989.46. By comparison for the twelve-month period December 30, 2016 the average daily trading volume was 22,240 shares for an average value of $160,910.10.

During the three-month period from October 1, 2017 to December 29, 2017, the average volume per trading day was 28,165 shares for a value of $134,035.34. By comparison, for the three-month period from October 1, 2016 to December 30, 2016, the average volume per trading day was 28,460 shares for an average value of $90,523.05.

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve-month period January 1, 2017 to December 29, 2017 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders for the twelve-month period January 1, 2017 to December 29, 2017 with their contribution to total traded value displayed as a percentage were:

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period October 1, 2017 to December 29, 2017 with their contribution to total traded volume displayed as a percentage were:

The top five share value leaders for the three-month period October 1, 2017 to December 29, 2017 with their contribution to total traded value displayed as a percentage were: