by Jacquella Gardiner Jacquella Gardiner No Comments

BGS Tranche 4 Listed

FOR IMMEDIATE PUBLICATION

 

 

FOR IMMEDIATE PUBLICATION –Monday 3 October 2016

 

The Bahamas International Securities Exchange (BISX) announced today that the Government of The Commonwealth of The Bahamas has successfully completed the listing process for all of the Notes that comprise Tranche 4 of Bahamas Government Stock (“the Notes”). As a result, the Notes have been added to the roster of securities listed on the Exchange and each Note will trade separately and independently on the Exchange under its own symbol through the BISX Automated Trading System (BATS).

 

Bahamas Government Stock (BGS) are securities issued by the Government of The Commonwealth of The Bahamas that can be immediately listed and traded over BISX. The BGS Programme began in December 2014 and the Notes just listed become the fourth tranche to be offered and then listed on the Exchange. The offering period for Tranche 4 was in October 2015

 

Speaking about this new listing; Keith Davies, the BISX Chief Executive noted: “We are happy to add an additional tranche of BGS to the three existing tranches listed on BISX. Since we began listing BGS in August 2015, we have seen $4.17 million in total value of BGS traded. This level of liquidity proves that the Exchange is the best place to concentrate the trading of these instruments. Investors in these notes have benefited from this liquidity, while enjoying the low level of risk of instruments issued by the Government of The Bahamas.”

 

Mr. Holland Grant, BISX Chief Operating Officer explained the naming convention used by BISX to differentiate the symbols of the various notes. “Our purpose in the symbol naming convention was to create a simple and unambiguous means that can be used repeatedly for different notes and tranches.”

 

Mr. Grant went on to say: “Each security listed on BISX is given a unique symbol for ease of identification. For BGS each security is identified by a 6 character symbol intended to uniquely identify that security, for example, a BGS Note with the symbol BG0407 could be broken down to identify the following:

 

  • The first two characters will be the same for all BGS, namely “BG”;

 

  • The second two characters will reflect the tranche that these particular bonds were issued under, the tranche number is displayed on page one of the Offering Memorandum for each tranche. Tranche 4, was issued in October 2015 and included 3 year bonds, 5 year bonds and 7 year bonds, all bonds issued under that Tranche would have “04” as their second two characters.

 

  • The last two characters would reflect the term of the individual bonds, so the seven year bond would have “07” as the last two characters. Accordingly, the seven year bond issued under Tranche 4, would be represented by the following symbol: “BG0407”.

 

Tranche 4 was issued in October 2015 and consists of 3 Notes of various maturities.

 

NOTE: Attached to this message is the BISX Trading Notice for the Notes of BGS Tranche 4. This notice advises the public of the securities to be listed on the Exchange and the symbol of the listed securities.

 

 

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Holland Grant Holland Grant No Comments

BISX Q2, 2016 Statistical Report

FOR IMMEDIATE PUBLICATION

 

 

JANUARY TO JUNE 2016 STATISTICAL REPORT

 

BISX All-Share Index Comparison 2014 - 2016

BISX All-Share Index Comparison 2014 – 2016

 

BISX is pleased to announce its BISX All-Share Index and trading statistics for the six month period ending June 30, 2016 with comparison to the same period of 2015.

 

BISX ALL SHARE INDEX

For the six month period ending June 30, 2016 the BISX All-Share Index closed at 1,963.81. This represents a year to date increase of 139.96 or 7.67%.  By comparison for the six month period ending June 30, 2015 the BISX All-Share Index closed at 1,730.34. This represented a year to date increase of 71.04 or 4.28%.  The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

 

As at June 30, 2016 the market was comprised of 20 ordinary shares with a market capitalization of $4.17 Billion. In addition, there were 13 preference shares with a market capitalization of $327.36 Million and 16 bonds with a face value of $505 Million.

 

 

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

 

Over the 6 month period January 1 to June 30, 2016, 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
Dec 31, 2015 794.139 2,043.94 6,242.30 1,823.95
Jun 30, 2016 834.100 2,098.86 6,504.33 1,963.91
 
Percentage Change (+/-) 5.03% 2.69% 4.20% 7.67%

 

 

TRADING VOLUMES AND VALUES

Trading volume for the six month period January 1, 2016 to June 30, 2016 was 2,960,687 shares for a value of $15,450,808.65.  Trading volume for the six month period January 1, 2015 to June 30, 2015 was 1,187,758 shares for a value of $7,572,515.49.

 

Trading volume for the three month period April 1, 2016 to June 30, 2016 was 2,061,562 shares for a value of $8,113,378.95.  Trading volume for the three month period April1, 2015 to June 30, 2015 was 588,771 shares for a value of $3,414,740.17.

Q2 2016 Volume

Q2 2016 Value

 

AVERAGE DAILY VOLUME AND VALUE

 

For the six month period from January 1, 2016 to June 30, 2016, the average volume per trading day was 23,590 shares for a value of $123,531.68.  By comparison, for the six month period from January 1, 2015 to June 30, 2015, the average volume per trading day was 9,547 shares for an average value of $61,311.42.

 

 

Month Avg. volume / trading day (2015) Avg. volume / trading day (2014) Avg. value / trading day (2015) Avg. value / trading day (2014)
January  11,672  6,176  $114,183.37  $37,290.51
February  21,979  11,754  $162,333.08  $97,775.11
March  9,720  10,927  $78,322.27  $66,202.86
April  2,381  5,256  $17,441.96  $42,475.78
May  9,224  6,335  $72,052.88  $41,384.60
June  86,565  16,998  $296,856.53  $82,739.65
Average for period 23,590 9,574 $123,531.68 $61,311.42

 

 

SHARE VOLUME AND VALUE LEADERS (SIX MONTH PERIOD)

 

The top five share volume leaders on BISX for the six month period January 1, 2016 to June 30, 2016 with their contribution to total traded volume displayed as a percentage were:

 

SYMBOL TRADE VOLUME % OF VOLUME
DHS   1,522,749 51.4%
FCL      325,826 11.0%
CBL      270,808 9.1%
CHL      227,237 7.7%
CAB      225,370 7.6%

 

 

 

 

 

 

The top five share value leaders on BISX for the six month period January 1, 2016 to June 30, 2016 with their contribution to total traded value displayed as a percentage were:

 

SYMBOL TRADE VALUE % OF TRADE VALUE
CBL $2,288,333.86 14.8%
DHS $2,149,673.09 13.9%
FCL $2,140,387.50 13.9%
CAB $1,505,349.83 9.7%
FIN $1,421,364.50 9.2%

 

 

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

 

The top five share volume leaders on BISX for the three month period April 1, 2016 to June 30, 2016 with their contribution to total traded volume displayed as a percentage were:

 

SYMBOL TRADE VOLUME % OF VOLUME
CBL    132,170 22.4%
AML      89,810 15.3%
CHL      68,708 11.7%
FIN      63,973 10.9%
FCL      53,510 9.1%

 

The top five share value leaders on BISX for the three month period April 1, 2016 to June 30, 2016 with their contribution to total traded value displayed as a percentage were:

 

SYMBOL TRADE VALUE % OF TRADE VALUE
CBL  $      994,548.02 29.1%
FIN  $      703,703.00 20.6%
CHL  $      354,108.37 10.4%
FCL  $      321,560.00 9.4%
AML  $      198,648.60 5.8%

 

For Additional Information Contact:

 

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

 

by Alika Hepburn Alika Hepburn No Comments

BISX Lists New Mutual Funds

FOR IMMEDIATE PUBLICATION – 20th June 2016

BISX LISTS NEW MUTUAL FUNDS

The Bahamas International Securities Exchange (BISX) is pleased to announce the listing of the following funds:

1.Lewisham Investment Fund Ltd, (Lewisham),

2.3Ps Investment Fund IC Commons Quotas (“The 3Ps Common Quotas”),

3.3Ps Investment Fund IC Preferred Quotas (“The 3Ps Preferred Quotas”), and

4.Delmonte Fund Limited SAC (Delmonte)

These funds have all successfully completed the BISX Listing Process. As a result, these securities have now been added to the roster of funds listed on the Exchange. Lewisham, 3Ps Common Quotas and 3Ps Preferred Quotas and Delmonte are all open-ended investment funds.

Lewisham and Delmonte are incorporated as International Business Companies under the laws of the Commonwealth of The Bahamas. Lewisham is registered as a Smart Fund Model SFM007 and Delmonte is registered as a Professional Investment Fund. The 3Ps Common Quotas and 3Ps Preferred Quotas are sub-funds of the 3Ps Investment Fund IC, this is the second Investment Condominium (ICON) to be listed on BISX pursuant to the Investment Condominium Act, 2014

BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Funds, “We continue to be pleased with the traction being experienced by our Mutual Fund Listing Facility, with total assets under management of funds listed on the Exchange passing $2.3 Billion at December 31, 2016. We are also pleased that 3Ps Investment Fund IC becomes the second ICON to be listed on the exchange. We intend to continue to enhance the market with our commitment to development through innovation.”

Credit Suisse AG, Nassau Branch – Wealth Management served as the BISX Sponsor Member that brought these Funds to the Exchange.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Delmonte, 3Ps Common Quotas, 3Ps Preferred Quotas and Lewisham these notices 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

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.comLIFDFS3PSP3PSC

by Alika Hepburn Alika Hepburn No Comments

BISX Q4, 2015 Statistical Report

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2015 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2015 with comparison to the same period of 2014.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2015 the BISX All-Share Index closed at 1,823.95. This represents a year to date increase of 164.65 or 9.92%. By comparison for the twelve month period ending December 31, 2014 the BISX All-Share Index closed at 1,659.30. That increase was a year to date increase of 191.08 or 13.01%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2015 the market was comprised of 20 ordinary shares with a market capitalization of $3.82 Billion. In addition, there were 13 preference shares with a market capitalization of $327 Million and 16 bonds with a face value of $505 Million.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 31, 2015, some international equity markets have experienced decreases / increases as indicated by the chart below:

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

Dec 31, 2014 * 956.308 * 2,058.90 * 6,566.10 * 1,659.30 *

Dec 31, 2015 * 794.139 * 2,043.94 * 6,242.30 * 1,823.95

Percentage Change (+/-) * -16.96% * -0.73% * -4.93% * 9.92%

TRADING VOLUMES AND VALUES

Trading volume for the twelve month period January 1, 2015 to December 31, 2015 was 3,223,433 shares for a value of $21,893,252.61. Trading volume for the twelve month period January 1, 2014 to December 31, 2014 was 4,026,858 shares for a value of $17,883,251.

Trading volume for the three month period October 1 to December 31, 2015 was 1,240,979 shares for a value of $ $9,424,351.47. By comparison, for the three month period from October 1 to December 31, 2014 was 1,799,719 shares for a value of $ $6,524,776.75.

For the twelve month period from January 1, 2015 to December 31, 2015, the average volume per trading day was 10,567 shares for a value of $66,576.44. By comparison, for the twelve month period from January 1, 2014 to December 31, 2014, the average volume per trading day was 16,344 shares for an average value of $72,031.21.

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period ending December 31, 2015 the average daily trading volume was 10,567 shares which resulted in an average daily trading value of $66,576.44. By comparison for the twelve month period December 31, 2014 the average daily trading volume was 16,344 shares for an average value of $72,031.21.

During the three month period from October 1, 2015 to December 31, 2015, the average volume per trading day was 29,553 shares for a value of $90,523.05. By comparison, for the three month period from October 1, 2014 to December 31, 2014, the average volume per trading day was 29,553 shares for an average value of $104,904.94.

Month * Avg. volume / trading day (2015) * Avg. volume / trading day (2014) * Avg. value / trading day (2015) * Avg. value / trading day (2014)

January * 6,176 * 28,290 * $37,290.51 * $92,235.70

February * 11,754 * 4,447 * $97,775.11 * $33,354.65 *

March * 10,927 * 4,868 * $66,202.86 * $30,479.22

April * 5,256 *5,279 * $42,475.78 * $33,810.29 *

May * 6,335 * 16,703 * $41,384.60 * $87,016.31 *

June * 16,998 * 15,791 * $82,739.65 * $96,919.89 *

July * 5,768 * 11,669 * $41,974.25 * $73,945.56 *

August * 16,910 * 10,277 * $96,321.06 * $49,439.59*

September * 14,982 * 10,148 * $93,024.13 * $52,288.53 *

October *18,274 * 6,798 *$91,542.76 * $42,369.55 *

November * 25,180 * 68,926 * $82,812.43 *$126,603.76 *

December * 25,916 * 12,935 * $97,213.97 * $145,741.51 *

Average * for * period * 10,567 * 16,344 * $66,576.44 * $72,031.21 *

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period January 1, 2015 to December 31, 2015 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

CBL * 867,401.00 * 26.8%

CAB * 311,613.00 * 9.6%

AML * 291,018.00 * 9.0%

CHL * 246,755.00 * 7.6%

FIN * 218,480.00 * 6.8%

The top five share value leaders for the twelve month period January 1, 2015 to December 31, 2015 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VAlUE

CBL * $6,571,109.82 * 30.0%

CAB * $2,937,671.64 * 13.4%

FIN *$2,402,495.57 * 11.0%

CHL * $1,316,123.68 * 6.0%

FCL * $1,175,054.00 * 5.4%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period October 1, 2015 to December 31, 2015 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME *

CBL * 410,226 * 32.86% *

CHL * 149,000 * 11.93%

FBB * 116,500 * 9.33%

CAB * 105,071 * 8.42%

FCL * 78,020 * 6.25%

The top five share value leaders for the three month period October 1, 2015 to December 31, 2015 with their contribution to total traded value displayed as a percentage were:

SYMBOL* TRADE VALUE * % OF TRADE VALUE

CBL * $3,146,663.08 * 33.4%

CAB * $867,370.12 * 9.2%

BG0203* $750,000.00 * 8.0%

FBB * $705,332.50 * 7.5%

CBB * $592,829.50 * 6.3%

For Additional Information Contact:

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

Bahamas International Securities Exchange Suite 201 Fort Nassau Centre British Colonial Hilton, Bay Street P. O. Box EE-15672, Nassau, Bahamas

Telephone: (242) 323-2330

Facsimile: (242) 323-2320

Email: info@bisxbahamas.com

Website: www.biisxbahamas.com

Publication Date: 29 March 2016

by Alika Hepburn Alika Hepburn No Comments

BISX Executive Speaks at The Caribbean Group of Securities Regulators Conference

BISX Chief Operating Officer, Holland Grant (2nd from right) with other panel discussion participants

BISX Chief Operating Officer, Holland Grant (2nd from right) with other panel discussion participants

Chief Operating Officer of The Bahamas International Securities Exchange (BISX), Mr. Holland Grant, recently took part in the 12th Annual Conference and Workshop organised by the Caribbean Group of Securities Regulators and hosted by The Securities Commission of The Bahamas. This conference which focused on Regional Capital Market Development and Regulation was held at the British Colonial Hilton 20 – 22 April, 2016 and brought together securities regulators from over 20 countries and territories to discuss common issues related to Securities Regulation.

Mr. Grant spoke on the panel discussion “View of Regulation of Caribbean Exchanges”, the panel was chaired by Mr. Courtney Christie-Veitch, Financial Sector Supervision Advisor to the Caribbean Regional Technical Assistance Centre (CARTAC). Also on the panel were Ms. Alousia Faisal, Secretary, Eastern Caribbean Securities Regulatory Commission; Laurence Crossley, Senior Director, Securities Division Jamaica Financial Services Commission and Mr. C. Wainright Iton, Chief Executive Officer, Trinidad and Tobago Securities and Exchange Commission.

Commenting on his participation on the panel discussion, Mr. Grant noted “It was my pleasure to share the views of BISX on the regulation of Exchanges. Speaking as the only representative of a Securities Exchange on a panel discussing the regulation of Securities Exchanges also gave me the opportunity to share our view of how BISX is regulated and how we carry out our regulatory functions. As I noted during my contribution, my job as a regulator is 90% education and communication and only 10% regulation.”

As a part of Mr. Grant’s contribution, he drew particular attention to the following issues that he felt would become increasingly important for Caribbean Exchanges and Caribbean Securities Regulators:

  1. Harmonization of Rules between Caribbean Exchanges and Jurisdictions: Noting the challenges faced by companies seeking to list in multiple jurisdictions, Mr. Grant suggested that the harmonization of stock exchange rules as well as statutory laws related to Securities to the greatest extent possible, as a way to encourage cross border listing and investment.
  2. Combination of Caribbean Exchanges: Noting that this was an excellent idea in principle, Mr. Grant noted that in practice each Exchange had its own strategy and focus that made integration challenging.
  3. Service Level Agreements for Regulators: Noting the importance of timely responses in financial markets, Mr. Grant stated that it would become more important in the future for regulators to specify a time in which practitioners could expect to receive a response to inquiries.
  4. Promotion of Exchanges: Noting the role that exchanges play within each jurisdiction, Mr. Grant suggested that regulators might want to find new ways to make their international market practitioners aware of their national exchanges.

The Securities Commission of The Bahamas will also host the 13th Annual Caribbean Group of Securities Regulators Conference in Nassau, The Bahamas in the first half of 2017.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

 

Attachments

by Alika Hepburn Alika Hepburn No Comments

BISX Lists Bahamas Government Stock Tranche 3

FOR IMMEDIATE PUBLICATION – Friday 8 January 2016

The Bahamas International Securities Exchange (BISX) announced today that the Government of The Commonwealth of The Bahamas has successfully completed the listing process for all of the Notes that comprise Tranche 3 of Bahamas Government Stock (“the Notes”). As a result, the Notes have been added to the roster of securities listed on the Exchange and each Note will trade separately and independently on the Exchange under its own symbol through the BISX Automated Trading System (BATS).

Bahamas Government Stock (BGS) are securities issued by the Government of The Commonwealth of The Bahamas that can be immediately listed and traded over BISX. The BGS Programme began in December 2014 and the Notes just listed become the third tranche to be offered and then listed on the Exchange. The offering period for Tranche 3 was in June 2015

Speaking about this new listing; Keith Davies, the BISX Chief Executive noted: “We are happy to add an additional tranche of BGS to the two existing tranches listed on BISX. The real time pricing and trading of BGS in a regulated and free market is an essential step in the growth of The Bahamian capital markets. Government debt the world over is the security used for establishing the benchmark risk pricing against which all other securities in a capital market are judged and so we are happy to add more government securities that contribute to the evolution of our market.”

Mr. Holland Grant, BISX Chief Operating Officer explained the naming convention used by BISX to differentiate the symbols of the various notes. “Our purpose in the symbol naming convention was to create a simple and unambiguous means that can be used repeatedly for different notes and tranches.”

Mr. Grant went on to say: “Each security listed on BISX is given a unique symbol for ease of identification. For BGS each security is identified by a 6 character symbol intended to uniquely identify that security, for example, a BGS Note with the symbol BG0307 could be broken down to identify the following:

• The first two characters will be the same for all BGS, namely “BG”;

• The second two characters will reflect the tranche that these particular bonds were issued under, the tranche number is displayed on page one of the Offering Memorandum for each tranche. Tranche 3, was issued in June 2015 and included 3 year bonds, 5 year bonds, 7 year bonds and 30 year bonds, all bonds issued under that Tranche would have “03” as their second two characters.

• The last two characters would reflect the term of the individual bonds, so the seven year bond would have “07” as the last two characters. Accordingly, the seven year bond issued under Tranche 3, would be represented by the following symbol: “BG0307”.

Tranche 3 was issued in June 2015 and consists of 4 Notes of various maturities.

NOTE: Attached to this message is the BISX Trading Notice for the Notes of BGS Tranche 3. This notice advises the public of the securities to be listed on the Exchange and the symbol of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330Trading Notice – BGS notes Tranche 3

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

BISX Q1, 2016 Statistical Report

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO MARCH 2016 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the three-month period ending March 31, 2016 with comparison to the same period of 2015.

BISX ALL SHARE INDEX

For the three-month period ending March 31, 2016 the BISX All-Share Index closed at 1,873.96. This represents a year to date increase of 50.01 or 2.74%. By comparison for the three-month period ending March 31, 2015 the BISX All-Share Index closed at 1,673.85. That increase was a year to date increase of 45.88 or 3.12%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at March 31, 2016 the market was comprised of 20 ordinary shares with a market capitalization of $3.78 Billion. In addition, there were 13 preference shares with a market capitalization of $327 million and 16 bonds with a face value of $505 Million.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the three-month period January 1 to March 31, 2016, some international equity markets have experienced increases as indicated by the chart below:

Closing Date * MSCI Emerging Market Index1 * S&P 500 Index2 * FTSE 100 Index3 *BISX All Share Index *

Dec 31, 2015 * 794.139 * 2,043.94 * 6,242.30 * 1,823.95 *

Mar 31, 2016 * 836.803* 2,059.74 * 6,174.90 * 1,873.96 *

 

Percentage Change(+/-)* 5.37% * 0.77% * -1.08% * 2.74% *

TRADING VOLUMES AND VALUES

Trading volume for the three-month period January 1, 2016 to March 31, 2016 was 899,125 shares for a value of $7,337,429.70. By comparison, trading volume for the three-month period January 1, 2015 to March 31, 2015 was 598,987 shares for a value of $4,157,775.32.

AVERAGE DAILY VOLUME AND VALUE

For the three-month period from January 1, 2016 to March 31, 2016, the average volume per trading day was 14,457 shares for a value of $118,279.57. By comparison, for the three-month period from January 1, 2015 to March 31, 2015, the average volume per trading day was 9,619 shares for a value of $67,089.49

Month * Avg. volume / trading day (2016)* Avg. volume / trading day (2015) Avg. value / trading day (2016) Avg. value / trading day (2015)*

January * 11,672 * 6,176 * $114,183.37* $37,290.51 *

February * 21,979 * 11,754 * $162,333.08 * $97,775.11 *

March * 9,720 * 10,927 * $78,322.27 * $66,202.86 *

Average for period *14,457 * 9,619 * $118,279.57 * $67,089.49 *

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three-month period January 1, 2016 to March 31, 2016 with their contribution to total traded volume displayed as a percentage were:

SYMBOL* TRADE VOLUME * % OF VOLUME *

FCL* 267,081 * 2 9.7% *

CHL* 204,609 * 22.8% *

CBL* 148,941 * 16.6% *

FIN * 108,246 * 12.0%

FCLB * 50,000 * 5.6% *

The top five share value leaders for the three-month period January 1, 2016 to March 31, 2016 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE *

FCL * $1,715,468.00 * 23.4% *

CBL * $1,175,011.87 * 16.0% *

FIN * $1,167,206.00 * 15.9% *

CHL* $1,142,712.86 * 15.6% *

BG0107 * $500,000.00 * 6.8% *

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

1 The MSCI Emerging Markets Index is a free float-adjusted market capitalization index designed to measure equity market performance of emerging markets. http://www.mscibarra.com/index.jsp

2 Standard &Poor’s (S&P) 500 Index is a market capitalization weighted index made up of 500 large cap U.S. companies. www.standardandpoors.com

3 The FTSE 100 Index is a market capitalization index representing the performance of 100 of the largest UK domiciled companies. www.ftse.com




Bahamas International Securities Exchange Suite 201 Fort Nassau Centre British Colonial Hilton, Bay Street P. O. Box EE-15672, Nassau, Bahamas

Telephone: (242) 323-2330

Facsimile: (242) 323-2320

Email: info@bisxbahamas.com

Website: www.biisxbahamas.com

Publication Date: 3 May 2016

by Alika Hepburn Alika Hepburn No Comments

FIRST INVESTMENT CONDOMINIUM LISTED ON BISX

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION –15 APRIL 2016

FIRST INVESTMENT CONDOMINIUM LISTED ON BISX

The Bahamas International Securities Exchange (BISX) is pleased to announce that voting participation interests in the Star Capital Fund ICON (Star Capital) have successfully completed the BISX Listing Process. As a result, these securities have now been added to the roster of funds listed on the Exchange. Star Capital is open-ended investment fund.

Star Capital is established as an Investment Condominium under the Investment Condominium Act, 2014 and is registered as a Smart Fund 007 under the Investment Funds Act, 2003. Star Capital becomes the first Investment Condominium (ICON) listed on The Bahamas International Securities Exchange.

As stated in the Bahamas Financial Services Board ICON guidebook, “An ICON is a contractual relationship between one or more participants who have pooled assets for the purposes of operating as an investment fund, and an investment condominium must be licensed as an investment fund under the Investment Funds Act. It is an entity without legal personality but, when represented by its administrator, is able to hold assets in its own name, enter into agreements and sue or be sued in its own name.”

BISX Chief Executive Officer, Keith Davies commented on the listing of Star Capital; “We are pleased to have listed our very first ICON on BISX. The innovation of the Bahamian Financial Services sector continues to be demonstrated through the value added products such as ICONs that are being created.”

CFAL securities served as the BISX Sponsor Member that brought this Fund to the Exchange. TAG Corporate Services Limited has been appointed as the Administrator for the fund. Swan Capital Limited acts in capacity of Investment Manager.

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

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.comTrading Notice – Star Capital Fund ICON v1

by Alika Hepburn Alika Hepburn No Comments

Guarany Partners II Fund Limited listed on BISX

FOR IMMEDIATE PUBLICATION – 4th April 2016

The Bahamas International Securities Exchange (BISX) is pleased to announce that shares of Guarany Partners II Fund Ltd. SAC Class A Investor Shares (the “Class A Shares”) as well as Guarany Partners II Fund Ltd. SAC Class B Investor Shares (the “Class B Shares”) 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. Guarany Partners is an open-ended investment fund.

Guarany Partners is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is registered as a Professional Investment Fund.

BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Fund, “We continue to be pleased with the traction being experienced by our Mutual Fund Listing Facility and are encouraged by the growth in this sector of our market. Winterbotham is a huge advocate of our mutual fund listing facility which continues to be a value added option for financial services providers.”

In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are very pleased to continue sponsoring the listing of funds with BISX. We continue to see an increase in funds wishing to list and are certain of further fund listings in the next couple of months; our Company is the largest fund Administrator by number of funds in The Bahamas, and we to continue see growth in our Fund Services division. Listing with BISX is a key enhancer to our offering and our ability to attract funds to The Bahamas¨

The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. The Winterbotham Trust Company Limited has been appointed as the Administrator for the fund. Winterbotham Asset Management Limited acts in capacity of Investment Manager.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for the Class A Shares as well as the Class B Shares. This notice advises the public of the security to be listed on the Exchange and the trading symbol of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.comTrading Notice – Class B SharesTrading Notice – Class A shares

by Alika Hepburn Alika Hepburn No Comments

BISX Visits CV Bethel

BISX Executives pictured with C. V. Bethel Grade 11 Students

BISX Executives pictured with C. V. Bethel Grade 11 Students

The Bahamas International Securities Exchange (BISX) spent the Morning of Tuesday 8th March 2016 with the 11th Grade Commerce class of the C.V. Bethel Senior High School. Speaking to the students was BISX Chief Executive Officer, Mr. Keith Davies, Chief Operating Officer, Mr. Holland Grant and Intern, Miss Alika Hepburn. The students were given the opportunity to learn about the stock exchange and to ask questions that will benefit them both in completing their academic curriculum, but also in their investing lives.

BISX Chief Executive, Keith Davies commented on the visit: “I would like to thank Mr. Shavado Gibson for having contacted BISX to arrange the session with his commerce class for the second year consecutively, it has been a pleasure to assist the teachers in the ongoing effort to educate our youth. C.V. Bethel’s efforts to empower students through education is commendable and we are pleased to assist them in this exercise.”

During the speaking session, the BISX executives spoke about stocks, bonds, mutual funds and interpreting the BISX price sheet. During the session, Mr. Davies also took time to educate the students on the rules and regulations of the stock exchange. He noted: “I enjoy talking about the stock exchange and giving the students a better understanding of what all takes place within the Exchange. Giving students the opportunity to speak with senior executives informally about investments and other economic concerns will benefit them in their upcoming national exams and as future investors. I hope that I was able to impart some advice that will be invaluable to these students in the future.”

Speaking about the session BISX Chief Operating Officer, Holland Grant noted: “It was a pleasure speaking to C.V. Bethel High School. I also enjoyed the fact that in addition to investing, we were able to speak to the students about our professional and educational experiences. BISX welcomes opportunities to speak to students who are preparing for the BGCSE Exams, as well as those students who were moving towards graduation and on into the work force. We hope that the information that we imparted to the students will benefit them throughout the rest of their educational journey.”

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

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