Third Quarter Report 2012 Overview At the close of the first nine months of 2012 the Barbados Stock Exchange (BSE) was recording decreases in both trading volume and trading value. Total trading volume of shares traded decreased by 64% while total trading value of shares traded recorded a decrease of 88% when compared with the corresponding period in 2011. As mentioned in previous reports, these large decreases can be attributed to the extra-ordinary transactions which occurred during the first quarter of 2011; the takeover of ANSA McAL Barbados Limited by AMCL Holdings Limited and the takeover of Light and Power Holdings Limited by EMERA (Barbados) Holdings No. 2 Incorporated. The Odd-Lot and Put-Through Markets both experienced increases in volume with the later also experiencing increases in value. Falling share prices, however, resulted in decreases in the value of shares traded on the Odd-Lot Market. The Put-Through Market experienced the largest increase of 40% in terms of volume traded and the largest increase in terms of value at 46%. There was also nominal activity on the Junior Market and no activity on the Block Trade Market. Table 1 - Trading activity for first nine months
Market
Regular Odd-Lot Put -Through Junior Block Trade Total
Year-toDate 2012 Volume 5,349,917 140,786 260,402 2,000 5,751,105
Year-toDate 2011 Volume 15,451,217 134,529 186,577 5,000 15,777,323
Year-to-Date
Year-to-Date
2012 Value
2011 Value
$ 25,395,011 $ 596,466 $ 1,401,529 $ 20,925 $ $ 27,413,930
$ 234,049,812 $ 694,957 $ 959,910 $ 53,750 $ $ 235,758,429
% Change Volume
% Change Value
-65% 5% 40% -60% NA -64%
-89% -14% 46% -61% NA -88%
The third quarter was characterized by decreases in trading activity across the market with the exception of the Put Through Market which recorded an increase of 2106% in the volume traded and an associated 2107% increase in terms of the value traded. Total trading volume and value for the quarter