TRADING REPORT
February 26, 2016
One security advanced and five traded firm as 17,339 shares traded on the Regular Market, with a total value of $127,012.95. Banks Holdings Limited was the volume leader trading 4,952 shares at $7.10. They were followed by Insurance Corporation of Barbados Limited and Sagicor Financial Corporation which traded 4,525 and 3,500 shares respectively.
Regular Market
Security / Volume / High / Low / MarketPrice / Advance/
Decline
Banks Holdings Limited / 4,952 / $7.10 / $7.10 / $7.10 / $0.00
Insurance Corporation Of Barbados Limited / 4,525 / $2.95 / $2.95 / $2.95 / $0.20
Sagicor Financial Corporation / 3,500 / $1.86 / $1.86 / $2.03 / $0.00
Massy Holdings Limited / 3,237 / $20.00 / $20.00 / $20.00 / $0.00
One Caribbean Media Limited / 1,000 / $7.00 / $7.00 / $7.00 / $0.00
Sagicor Financial Corporation Pref 6.5% / 125 / $2.04 / $2.04 / $2.26 / $0.00
Deposit Receipts
Security / Previous Close / Current Close / Advance/Decline
EMERA DEPOSIT RECEIPT / $16.27 / $16.41 / $0.14
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
B'DOS DAIRY INDUSTRIES LIMITED / 300 / SAGICOR FINANCIAL CORPORATION 6.5% Pref / 7,500
B'DOS FARMS LIMITED / 1,500 / SAGICOR FINANCIAL CORPORATION / 10,000
BICO INDUSTRIES LIMITED / 100 / THE WEST INDIES RUM DISTILLERY LIMITED / 300
CABLE & WIRELESS (BARBADOS) LIMITED / 9,000 / WEST INDIA BISCUIT COMPANY LIMITED / 300
CAVE SHEPHERD & COMPANY LIMITED / 1,500 / JMMB GROUP LIMITED / 10,000
FIRSTCARIBBEAN INTERNATIONAL LIMITED / 10,000 / MASSY HOLDINGS LIMITED / 6,500
FORTRESS CARIBBEAN PROPERTY - DEV FUND / 3,500 / ONE CARIBBEAN MEDIA LIMITED / 4,000
FORTRESS CARIBBEAN PROPERTY - VALUE FUND / 3,500 / TRINIDAD CEMENT LIMITED / 10,000
GODDARD ENTERPRISES LIMITED / 3,500 / ROYAL FIDELITY TIGRS A2 FUND / 100
INSURANCE CORPORATION OF BARBADOS LIMITED / 2,500 / ROYAL FIDELITY TIGRS A3 FUND / 100
INDICES
February 26, 2016 / February 25, 2016
Local / 2,394.53 / 2,391.23 / 3.30
Cross-list / 1,738.11 / 1,738.11 / -
Composite / 662.66 / 662.05 / 0.61
MARKET CAPITALISATION (in millions) / TODAY'S TRADING / LAST TRADING / CHANGES
February 26, 2016 / February 25, 2016
Local / 6,061.23 / 6,052.66 / 8.57
Cross-list / 2,862.76 / 2,862.76 / -
Composite / 8,923.99 / 8,915.42 / 8.57
MUTUAL FUNDS
February 26, 2016ENDED / NAME OF FUND / NAV / OFFER / BID / NAV CHANGE
19-Feb-16 / REPUBLIC CAPITAL GROWTH FUND / w / 1.5130 / 0.0089
19-Feb-16 / REPUBLIC INCOME FUND -* / w / 1.5717 / 0.0015
19-Feb-16 / REPUBLIC PROPERTY FUND / w / 1.2825 / -0.0003
19-Feb-16 / FORTRESS CARIBBEAN GROWTH FUND / w / 4.7531 / 4.7531 / 4.7531 / 0.0609
19-Feb-16 / FORTRESS HIGH INTEREST FUND - ACC. / w / 1.8533 / 0.0062
19-Feb-16 / FORTRESS HIGH INTEREST FUND - DIST. / w / 0.9990 / 0.0033
31-Jan-16 / ROYAL FIDELITY SELECT BALANCED FUND / m / 4.7078 / 4.7078 / 4.6136 / -0.0291
31-Jan-16 / ROYAL FIDELITY STRATEGIC GROWTH FUND / m / 0.8009 / 0.8009 / 0.7849 / -0.0129
31-Jan-16 / ROYAL FIDELITY PREMIUM INCOME FUND / m / 1.5035 / 1.5035 / 1.4734 / 0.0071
19-Feb-16 / SAGICOR GLOBAL BALANCED FUND / w / 2.18 / 0.04
19-Feb-16 / SAGICOR SELECT GROWTH FUND / w / 1.17 / 0.03
19-Feb-16 / SAGICOR PREFERRED INCOME FUND -* / w / 1.05 / 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
*********************************
ANNUAL GENERAL MEETING
FirstCaribbean International Bank Limited - Directors have fixed January 25th, 2016 as the record date for the determination of shareholders entitled to receive notice of the Annual General Meeting of the Shareholders of the Company which will be held on March 11th, 2016.
DIVIDEND DECLARATION
Goddard Enterprises Limited - Directors have declared a final dividend of fourteen ($0.14) cents per share to be paid on February 29th, 2016 to Shareholders on record at close of business on January 29th, 2016.
Cave Shepherd and Company Limited - Directors have declared a final dividend of six (0.06) cents per share to be paid on February 26th, 2016 to Shareholders on record at close of business on February 12th, 2016.
8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb /SHARE SUMMARY INFORMATION /
Friday February 26, 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 / 05-Feb-16 / $0.02 / $0.02 / $0.02 / $0.15 / 31,000 / 12,000
BICO Limited / 12-Feb-16 / $1.86 / $1.86 / $1.80 / 1,000
Banks Holdings Limited / 26-Feb-16 / 4,952 / $7.10 / $7.10 / $7.10 / $7.10 / $0.00 / $7.10 / 478,121
Barbados Dairy Industries Limited / 10-Jun-15 / $1.60 / $1.60 / $1.88 / $5.25 / 2,000 / 21,186
Barbados Farms Limited / 25-Jan-16 / $0.50 / $0.50 / $0.40 / $0.50 / 6,342 / 13,466
Cable and Wireless Barbados Limited / 25-Feb-16 / $2.60 / $2.60 / $2.60 / $2.75 / 2,751 / 17,770
Cave Shepherd and Company Limited -* / 23-Feb-16 / $3.35 / $3.35 / $3.35 / $3.68 / 7,900 / 4,148
FirstCaribbean International Bank / 25-Feb-16 / $1.90 / $1.90 / $1.91 / $2.40 / 256 / 7,440
Fortress Caribbean Property Fund - Dev Fund / 15-Feb-16 / $0.19 / $0.19 / $0.18 / $0.19 / 20,000 / 3,571
Fortress Caribbean Property Fund - Value Fund / 25-Feb-16 / $0.61 / $0.61 / $0.61 / $0.62 / 36,590 / 108,643
Goddard Enterprises Limited -* / 23-Feb-16 / $6.61 / $6.61 / $6.81 / 3,570
Insurance Corporation Of Barbados Limited / 26-Feb-16 / 4,525 / $2.95 / $2.95 / $2.75 / $2.95 / $0.20 / $2.90 / $2.95 / 4,000 / 275
JMMB Group Limited / 09-Feb-16 / $0.15 / $0.15
Emera (Caribbean) Incorporated 5.5% Pref / 06-Nov-15 / $3.11 / $3.11 / $3.11 / 1,491
Emera (Caribbean) Incorporated / 03-Feb-16 / $33.30 / $33.30 / $21.75 / $33.00 / 117 / 2,208
Massy Holdings Limited / 26-Feb-16 / 3,237 / $20.00 / $20.00 / $20.00 / $20.00 / $0.00 / $18.50 / 725
One Caribbean Media Limited / 26-Feb-16 / 1,000 / $7.00 / $7.00 / $7.00 / $7.00 / $0.00 / $3.05 / 3
Sagicor Financial Corporation Pref 6.5% / 26-Feb-16 / 125 / $2.04 / $2.04 / $2.26 / $2.26 / $0.00 / $2.00 / $2.04 / 630 / 3,145
Sagicor Financial Corporation / 26-Feb-16 / 3,500 / $1.86 / $1.86 / $2.03 / $2.03 / $0.00 / $1.85 / $2.00 / 200,000 / 16,232
The West Indies Rum Distilleries Limited / 13-Apr-15 / $8.00 / $8.00 / $8.00 / 13,100
Trinidad Cement Limited / 08-Feb-16 / $0.80 / $0.80 / $1.20 / $2.50 / 900 / 677
West India Biscuit Company Limited / 12-Feb-16 / $13.00 / $13.00 / $14.00 / 50
Emera Deposit Receipt / $16.27 / $16.41 / $0.14
TOTAL SHARES BOUGHT & SOLD / 17,339
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 / 01-Feb-16 / $103.00 / 30,000
Barbados Government Debenture 7% 2027 / $98.50 / $104.00 / 50,000 / 50,000
Barbados Government Debenture 7.25% 2026 / 19-Jun-15 / $98.50 / $103.00 / 30,000 / 30,000
Barbados Government Debenture 7.25% 2029 / 26-Jan-16 / $98.50 / $101.00 / 20,000 / 20,000
Barbados Government Debenture 7.375% 2027 / 29-Jan-16 / $98.50 / $104.00 / 20,000 / 20,000
Barbados Government Debenture 8.50% 2018 / 21-Oct-15 / $105.00 / $111.00 / 100,000 / 150,000
Barbados Government T/Note 6% 2016 / 29-Jan-16 / $101.00 / 35,000
Barbados Government T/Note 6% 2017 / 27-Jan-16 / $105.00 / 296,000
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 225,877 shares. The top three companies traded were Banks Holdings Limited** with 185,155, FirstCaribbean International Bank with 6,234 and Cave Shepherd and Company Limited with 6,000 shares.
** It should be noted that 163,276 shares traded as part of these transactions represent trades pursuant to SLU Beverages Limited's offer for Banks Holdings Limited.
Regular Market
Security / VolumeBANKS HOLDINGS LIMITED / 185,155
FIRSTCARIBBEAN INTERNATIONAL BANK / 6,234
CAVE SHEPHERD & COMPANY LIMITED / 6,000
MASSY HOLDINGS LIMITED / 5,955
INSURANCE CORPORATION OF BARBADOS LIMITED / 5,325
FORTRESS CARIBBEAN PROPERTY FUND - VALUE FUND / 4,572
ONE CARIBBEAN MEDIA LIMITED / 4,561
SAGICOR FINANCIAL CORPORATION / 3,500
SAGICOR FINANCIAL CORPORATION PREF 6.5% / 1,775
GODDARD ENTERPRISES LIMITED / 1,550
CABLE & WIRELESS (BARBADOS) LIMITED / 1,250
Put Through Market
Security / VolumeSAGICOR FINANCIAL CORPORATION / 83,996
Fixed Income Market
Security / VolumeBARBADOS GOVERNMENT DEBENTURE 6.25% 2019 / 30,000
BARBADOS GOVERNMENT DEBENTURE 6.75% 2021 / 10,000
BARBADOS GOVERNMENT DEBENTURE 7.375% 2029 / 2,000
BARBADOS GOVERNMENT DEBENTURE 6.875% 2024 / 1,000
BARBADOS GOVERNMENT DEBENTURE 7.75% 2032 / 1,000
BARBADOS GOVERNMENT T/NOTE 6.625% 2019 / 4,000
INDICES
TODAY'S TRADING / LAST TRADING / CHANGES
February 26, 2016 / February 19, 2016
Local / 2,394.53 / 2,390.85 / 3.68
Cross-list / 1,738.11 / 1,738.11 / -
Composite / 662.66 / 661.98 / 0.68
MARKET CAPITALISATION (in millions)
TODAY'S TRADING / LAST TRADING / CHANGES
February 26, 2016 / February 19, 2016
Local / 6,061.23 / 6,054.26 / 6.97
Cross-list / 2,862.76 / 2,862.76 / -
Composite / 8,923.99 / 8,917.02 / 6.97
BARBADOS STOCK EXCHANGE INC.
8th Avenue, Belleville, ST. MICHAEL. BARBADOS. / TEL:436-9871/72 FAX 429-8942
Advancers/ Decliners for the Week Ending : / February 26th, 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 / 02.05.2016 / - / 0.02 / 0.02 / - / - / -
BICO Limited / 02.12.2016 / - / 1.86 / 1.86 / - / - / -
Banks Holdings Limited / 02.26.2016 / 185,155 / 7.10 / 7.10 / - / 7.10 / 7.10
B'dos Dairy Industries Limited / 06.10.2015 / - / 1.60 / 1.60 / - / - / -
B'dos Farms Limited / 01.25.2016 / - / 0.50 / 0.50 / - / - / -
Cable & Wireless (B'dos) Limited / 02.25.2016 / 1,250 / 2.60 / 2.60 / - / 2.75 / 2.60
Cave Shepherd & Company Ltd. / 02.23.2016 / 6,000 / 3.30 / 3.35 / 0.05 / 3.36 / 3.35
FirstCaribbean International Bank / 02.25.2016 / 6,234 / 1.90 / 1.90 / - / 1.90 / 1.90
Fortress Caribbean Property Fund - Dev Fund / 02.15.2016 / - / 0.19 / 0.19 / - / - / -
Fortress Caribbean Property Fund - Val Fund / 02.25.2016 / 4,572 / 0.61 / 0.61 / - / 0.62 / 0.61
Goddard Enterprises Limited / 02.23.2016 / 1,550 / 6.61 / 6.61 / - / 6.81 / 6.80
Insurance Corporation of B'dos Ltd. / 02.26.2016 / 5,325 / 2.75 / 2.95 / 0.20 / 2.95 / 2.91
JMMB Group Limited / 02.09.2016 / - / 0.15 / 0.15 / - / - / -
Emera (Caribbean) Incorporated / 02.03.2016 / - / 33.30 / 33.30 / - / - / -
Massy Holdings Limited / 02.26.2016 / 5,955 / 20.00 / 20.00 / - / 21.00 / 20.00
One Caribbean Media Limited / 02.26.2016 / 4,561 / 7.00 / 7.00 / - / 7.00 / 7.00
Sagicor Financial Corporation / 02.26.2016 / 3,500 / 2.03 / 2.03 / - / 1.86 / 1.86
The West Indies Rum Distillery Limited / 04.13.2015 / - / 8.00 / 8.00 / - / - / -
Trinidad Cement Limited / 02.08.2016 / - / 0.80 / 0.80 / - / - / -
West India Biscuit Company Limited / 02.12.2016 / - / 13.00 / 13.00 / - / - / -
Emera Deposit Receipt / 01.00.1900 / - / 16.76 / 16.41 / (0.35) / - / -
PREFERRED
Emera (Caribbean) Incorporated 5.5% Pref / 11.06.2015 / - / 3.11 / 3.11 / - / - / -
Sagicor Financial Corporation - SFC 6.5% / 02.26.2016 / 1,775 / 2.26 / 2.26 / - / 2.04 / 2.04
TOTAL SHARES BOUGHT & SOLD / 225,877
JUNIOR MARKET
Royal Fidelity TIGRS A3 Fund / 12.18.2013 / - / 10.00 / 10.00 / - / - / -
TOTAL SHARES BOUGHT & SOLD / -
** Traded at its closing prices