TRADING REPORT
September 23, 2016
Six securities traded firm as 242,957 shares traded on the Regular Market, with a total value of $894,544.18. One Caribbean Media Limited was the volume leader trading 109,967 shares at $7.00. They were followed by Trinidad Cement Limited and Fortress Caribbean Property Fund – Value Fund which traded 100,002 and 30,000 shares respectively.
Regular Market
Security / Volume / High / Low / MarketPrice / Advance/
Decline
ONE CARIBBEAN MEDIA LIMITED / 109,967 / $7.00 / $7.00 / $7.00 / $0.00
TRINIDAD CEMENT LIMITED / 100,002 / $0.80 / $0.80 / $0.80 / $0.00
FORTRESS C’BEAN PROPERTY FUND – VAL FUND / 30,000 / $0.58 / $0.58 / $.058 / $0.00
MASSY HOLDINGS LIMITED / 1,762 / $13.49 / $13.49 / $14.00 / $0.00
INSURANCE CORPORATION OF BARBADOS LIMITED / 862 / $3.40 / $3.40 / $3.40 / $0.00
SAGICOR FINANCIAL CORPORATION LIMITED / 364 / $1.85 / $1.85 / $1.85 / $0.00
Deposit Receipts
Security / Previous Close / Current Close / Advance/Decline
EMERA DEPOSIT RECEIPT / $17.80 / $17.93 / $0.13
Effective October 8th, 2012, the market price of a security listed on the board of the BSE will only change if a quantity of shares traded (in a single trade) is greater than or equal to the threshold amount (volume limit) as stated in the table below.
SECURITY / VOLUME LIMIT / SECURITY / VOLUME LIMIT /ABV INVESTMENTS INCORPORATED / 3,500 / EMERA (CARIBBEAN) INCORPORATED / 1,000
BANKS HOLDINGS LIMITED / 4,000 / EMERA (CARIBBEAN) INCORPORATED 5.5% Pref / 100
BARBADOS DAIRY INDUSTRIES LIMITED / 300 / EMERA DEPOSIT RECEIPT / -
BARBADOS FARMS LIMITED / 1,500 / SAGICOR FINANCIAL CORPORATION 6.5% Pref / 7,500
BICO INDUSTRIES LIMITED / 100 / SAGICOR FINANCIAL CORPORATION LIMITED / 10,000
CABLE & WIRELESS (BARBADOS) LIMITED / 9,000 / THE WEST INDIES RUM DISTILLERY LIMITED / 300
CAVE SHEPHERD & COMPANY LIMITED / 1,500 / WEST INDIA BISCUIT COMPANY LIMITED / 300
FIRSTCARIBBEAN INTERNATIONAL LIMITED / 10,000 / JMMB GROUP LIMITED / 10,000
FORTRESS CARIBBEAN PROPERTY - DEV FUND / 3,500 / MASSY HOLDINGS LIMITED / 6,500
FORTRESS CARIBBEAN PROPERTY - VALUE FUND / 3,500 / ONE CARIBBEAN MEDIA LIMITED / 4,000
GODDARD ENTERPRISES LIMITED / 3,500 / TRINIDAD CEMENT LIMITED / 10,000
INSURANCE CORPORATION OF BARBADOS LIMITED / 2,500 / ROYAL FIDELITY TIGRS A3 FUND / 100
INDICES
September 23, 2016 / September 22, 2016
Local / 2,555.48 / 2,555.48 / -
Cross-list / 1,382.05 / 1,382.05 / -
Composite / 646.97 / 646.97 / -
MARKET CAPITALISATION (in millions) / TODAY'S TRADING / LAST TRADING / CHANGES
September 23, 2016 / September 22, 2016
Local / 6,129.93 / 6,129.64 / 0.29
Cross-list / 2,276.30 / 2,276.30 / -
Composite / 8,406.23 / 8,405.94 / 0.29
MUTUAL FUNDS
September 23, 2016ENDED / NAME OF FUND / NAV / OFFER / BID / NAV CHANGE
16-Sep-16 / REPUBLIC CAPITAL GROWTH FUND / w / 1.5721 / -0.0046
16-Sep-16 / REPUBLIC INCOME FUND -* / w / 1.5779 / 0.0013
16-Sep-16 / REPUBLIC PROPERTY FUND / w / 1.2738 / 0.0002
16-Sep-16 / FORTRESS CARIBBEAN GROWTH FUND / w / 5.0735 / 5.0735 / 5.0735 / -0.0489
16-Sep-16 / FORTRESS HIGH INTEREST FUND - ACC. / w / 1.9035 / -0.0079
16-Sep-16 / FORTRESS HIGH INTEREST FUND - DIST. / w / 1.0156 / -0.0042
31-Aug-16 / ROYAL FIDELITY SELECT BALANCED FUND / m / 4.9408 / 4.9408 / 4.8419 / 0.0124
31-Aug-16 / ROYAL FIDELITY STRATEGIC GROWTH FUND / m / 0.8575 / 0.8575 / 0.8404 / -0.0010
31-Aug-16 / ROYAL FIDELITY PREMIUM INCOME FUND / m / 1.5495 / 1.5495 / 1.5185 / 0.0117
16-Sep-16 / SAGICOR GLOBAL BALANCED FUND / w / 2.33 / -0.03
16-Sep-16 / SAGICOR SELECT GROWTH FUND / w / 1.27 / -0.01
16-Sep-16 / SAGICOR PREFERRED INCOME FUND -* / w / 1.07 / 0.00
* Indicates the Fund is currently ex-div
NOTES: QUOTATIONS AND NET ASSET VALUE PER SHARE ARE SUPPLIED BY THE FUND MANAGEMENT. THE OFFERING PRICE INCLUDES NET ASSET VALUE PLUS ENTRY COSTS.
m = monthly valuation, q = quarterly valuation, w = weekly
NEWS
*********************************
PUT THROUGH NOTICE
Put-through – Caribbean Financial Services Corporation would like to announce that the put-through of 1,039 shares in Massy Holdings Limited at $16.50 set to take place on September 28th, 2016.
TRADING SUSPENSION
The Barbados Stock Exchange (BSE) wishes to advise that, as a result of the approved amalgamation of Emera (Caribbean) Incorporated and Emera (Caribbean) (2016) Incorporated, trading in the security - Emera (Caribbean) Incorporated - has been suspended with immediate effect. Please be advised that the trading suspension does not pertain to Emera Caribbean Incorporated 5.5% Preference shares.
8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb /SHARE SUMMARY INFORMATION /
Friday September 23, 2016 /
Company / Last Trade Date / Volume / High / Low / Last Close / Current Close / Price Change / Bid Price / Ask Price / Bid Size / Ask Size /
ABV Investments Incorporated / 18-Aug-16 / $0.02 / $0.02 / $0.02 / $0.15 / 87,000 / 12,000
BICO Limited / 15-Sep-16 / $2.05 / $2.05 / $2.05 / 1,582
Banks Holdings Limited / 13-Sep-16 / $7.10 / $7.10 / $7.10 / 150,107
Barbados Dairy Industries Limited / 23-Aug-16 / $1.88 / $1.88 / $1.88 / $5.25 / 1,000 / 20,295
Barbados Farms Limited / 21-Sep-16 / $0.50 / $0.50 / $0.31 / $0.35 / 4,003 / 15,670
Cable and Wireless Barbados Limited / 20-Sep-16 / $2.60 / $2.60 / $2.60 / $2.64 / 3,000 / 2,419
Cave Shepherd and Company Limited / 13-Sep-16 / $3.50 / $3.50 / $3.20 / $3.68 / 80 / 4,121
FirstCaribbean International Bank / 19-Sep-16 / $2.10 / $2.10 / $2.10 / $2.25 / 2,000 / 8,477
Fortress Caribbean Property Fund - Dev Fund / 9-Sep-16 / $0.19 / $0.19 / $0.15 / $0.19 / 18,000 / 39,286
Fortress Caribbean Property Fund - Value Fund / 23-Sep-16 / 30,000 / $0.58 / $0.58 / $0.58 / $0.58 / $0.00 / $0.57 / $0.58 / 5,000 / 20,000
Goddard Enterprises Limited / 20-Sep-16 / $8.30 / $8.30 / $8.45 / 1,500
Insurance Corporation of Barbados Limited / 23-Sep-16 / 862 / $3.40 / $3.40 / $3.40 / $3.40 / $0.00 / $3.40 / $4.00 / 10,000 / 5,000
JMMB Group Limited / 13-Sep-16 / $0.15 / $0.15 / $0.15 / 5,500
Emera (Caribbean) Incorporated 5.5% Pref / 17-Jun-16 / $6.00 / $6.00 / $3.15 / 131
Emera (Caribbean) Incorporated *+* / 3-Feb-16 / $33.30 / $33.30
Massy Holdings Limited / 23-Sep-16 / 1,762 / $13.49 / $13.49 / $14.00 / $14.00 / $0.00 / $13.49 / $13.50 / 10,567 / 45
One Caribbean Media Limited / 23-Sep-16 / 109,967 / $7.00 / $7.00 / $7.00 / $7.00 / $0.00 / $6.95 / 10,000
Sagicor Financial Corporation Pref 6.5% / 23-Jun-16 / $2.26 / $2.26
Sagicor Financial Corporation Limited / 23-Sep-16 / 364 / $1.85 / $1.85 / $1.85 / $1.85 / $0.00 / $1.81 / $1.85 / 3,582 / 39,173
The West Indies Rum Distilleries Limited / 24-Aug-16 / $8.00 / $8.00 / $8.00 / 18,115
Trinidad Cement Limited / 23-Sep-16 / 100,002 / $0.80 / $0.80 / $0.80 / $0.80 / $0.00 / $0.75 / $0.85 / 848 / 37,361
West India Biscuit Company Limited / 22-Jun-16 / $14.20 / $14.20 / $14.45 / 21
Emera Deposit Receipt / $17.80 / $17.93 / $0.13 / $18.50 / 25,000
TOTAL SHARES BOUGHT & SOLD / 242,957
Junior Market
Royal Fidelity TIGRS A3 Fund / 18-Dec-13 / $10.00 / $10.00 / $10.50 / 100
TOTAL SHARES BOUGHT & SOLD / -
Fixed Income
Barbados Government Debenture 6.875% 2023 / 9-Sep-16 / $103.00 / 30,000
Barbados Government Debenture 7% 2027 / $104.00 / 50,000
Barbados Government Debenture 7.25% 2026 / 6-May-16 / $103.00 / 30,000
Barbados Government Debenture 7.375% 2027 / 6-May-16 / $104.00 / 20,000
Barbados Government Debenture 7.50% 2026 / 13-Jul-16 / $106.00 / 78,000
Barbados Government T/Note 6% 2016 / 5-Apr-16 / $102.00 / 6,000
Barbados Government T/Note 6% 2017 / 30-Jun-16 / $105.00 / 296,000
Barbados Government T/Note 6.5% 2019 / 29-Jan-16 / $106.00 / 150,000
Barbados Government T/Note 6.625% 2019 / 18-Apr-16 / $106.00 / 28,000
TOTAL SHARES BOUGHT & SOLD / -
* = Security is Trading X-Div
*+* = Security is Suspended
** = Rights Issued
Week in Review
This week, the Regular Market traded a total volume of 347,890 shares. The top three companies traded were One Caribbean Media Limited with 109,967, Trinidad Cement Limited with 100,002 and Cable & Wireless (Barbados) Limited with 80,472 shares.
Regular Market
Security / VolumeONE CARIBBEAN MEDIA LIMITED / 109,967
TRINIDAD CEMENT LIMITED / 100,002
CABLE & WIRELESS (BARBADOS) LIMITED / 80,472
FORTRESS CARIBBEAN PROPERTY FUND - VALUE FUND / 38,000
SAGICOR FINANCIAL CORPORATION LIMITED / 21,893
FIRSTCARIBBEAN INTERNATIONAL BANK / 12,000
INSURANCE CORPORATION OF BARBADOS LIMITED / 4,762
MASSY HOLDINGS LIMITED / 3,725
GODDARD ENTERPRISES LIMITED / 3,500
BARBADOS FARMS LIMITED / 569
Put Through Market
Security / VolumeSAGICOR FINANCIAL CORPORATION LIMITED / 17,036
INDICES
TODAY'S TRADING / LAST TRADING / CHANGES
September 23, 2016 / September 16, 2016
Local / 2,555.48 / 2,542.08 / 13.40
Cross-list / 1,382.05 / 1,382.05 / -
Composite / 646.97 / 644.50 / 2.47
MARKET CAPITALISATION (in millions)
TODAY'S TRADING / LAST TRADING / CHANGES
September 23, 2016 / September 16, 2016
Local / 6,129.93 / 6,097.13 / 32.80
Cross-list / 2,276.30 / 2,276.30 / -
Composite / 8,406.23 / 8,373.44 / 32.80
BARBADOS STOCK EXCHANGE INC.
8th Avenue, Belleville, ST. MICHAEL. BARBADOS. / TEL:436-9871/72 FAX 429-8942
Advancers/ Decliners for the Week Ending : / September 23rd, 2016 / WEBSITE: www.bse.com.bb
SECURITY / LAST / THIS
LAST / WEEK'S / WEEK'S / WEEK'S / WEEK'S / WEEK'S
TRADING DATE / VOLUME / CLOSE / CLOSE / CHGE / HIGH / LOW
mm.dd.yyyy
ABV Investments Incorporated / 08.18.2016 / - / 0.02 / 0.02 / - / - / -
BICO Limited / 09.15.2016 / - / 2.05 / 2.05 / - / - / -
Banks Holdings Limited / 09.13.2016 / - / 7.10 / 7.10 / - / - / -
B'dos Dairy Industries Limited / 08.23.2016 / - / 1.88 / 1.88 / - / - / -
B'dos Farms Limited / 09.21.2016 / 569 / 0.50 / 0.50 / - / 0.30 / 0.30
Cable & Wireless (B'dos) Limited / 09.20.2016 / 80,472 / 2.66 / 2.60 / (0.06) / 2.64 / 2.60
Cave Shepherd & Company Ltd. / 09.13.2016 / - / 3.50 / 3.50 / - / - / -
FirstCaribbean International Bank / 09.19.2016 / 12,000 / 2.05 / 2.10 / 0.05 / 2.10 / 2.10
Fortress Caribbean Property Fund - Dev Fund / 09.09.2016 / - / 0.19 / 0.19 / - / - / -
Fortress Caribbean Property Fund - Val Fund / 09.23.2016 / 38,000 / 0.52 / 0.58 / 0.06 / 0.59 / 0.58
Goddard Enterprises Limited / 09.20.2016 / 3,500 / 8.30 / 8.30 / - / 8.35 / 8.35
Insurance Corporation of B'dos Ltd. / 09.23.2016 / 4,762 / 3.30 / 3.40 / 0.10 / 3.40 / 3.40
JMMB Group Limited / 09.13.2016 / - / 0.15 / 0.15 / - / - / -
Emera (Caribbean) Incorporated / 02.03.2016 / - / 33.30 / 33.30 / - / - / -
Massy Holdings Limited / 09.23.2016 / 3,725 / 14.00 / 14.00 / - / 13.49 / 13.45
One Caribbean Media Limited / 09.23.2016 / 109,967 / 7.00 / 7.00 / - / 7.00 / 7.00
Sagicor Financial Corporation Limited / 09.23.2016 / 21,893 / 2.00 / 1.85 / (0.15) / 1.85 / 1.81
The West Indies Rum Distillery Limited / 08.24.2016 / - / 8.00 / 8.00 / - / - / -
Trinidad Cement Limited / 09.23.2016 / 100,002 / 0.80 / 0.80 / - / 0.80 / 0.80
West India Biscuit Company Limited / 06.22.2016 / - / 14.20 / 14.20 / - / - / -
Emera Deposit Receipt / 01.00.1900 / - / 17.54 / 17.93 / 0.39 / - / -
PREFERRED
Emera (Caribbean) Incorporated 5.5% Pref / 06.17.2016 / - / 6.00 / 6.00 / - / - / -
Sagicor Financial Corporation - SFC 6.5% / 06.23.2016 / - / 2.26 / 2.26 / - / - / -
TOTAL SHARES BOUGHT & SOLD / 374,890
JUNIOR MARKET
Royal Fidelity TIGRS A3 Fund / 12.18.2013 / - / 10.00 / 10.00 / - / - / -
TOTAL SHARES BOUGHT & SOLD / -
** Traded at its closing prices