barbados stock exchange: building a better market
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Barbados Stock Exchange Inc
Building A Better Market
Presented byMarlon E. Yarde
Contents• BSE – What Do We Do• Our Vision• Our Mission• Our Core Values• Who Owns Us – Our Members• Who Are We Accountable To – Our Directors• Who Regulates Us – Securities Commission• Who Works For Us – Brokers• What Is Our Product – Listed• The Growth Of The Market• What Do Investors Want – The 3 R’s• BSE - Building A Better Market• Conclusion
BSE – What Do We Do
• Central marketplace for the trading of securities• Integral part of the capital market in Barbados• Secondary market for the trading of shares in
our listed companies• We regulate our members• We regulate the listed companies• We monitor the market• We look out for the investor
Our Vision
To be a vibrant and lasting Caribbean Institution by facilitating wealth creation through trading on an efficient and cost-
effective Exchange.
Our Mission
We intend, through education, to foster an environment of confidence and trust in the activities of the capital markets, so that all Barbadians would participate in the trading
of financial instruments.
Core Values
• Integrity
• Fairness
• Quality service
• Confidence
• Trust
• Accuracy
Who Owns Us – Our Members
• Not-for-profit organisation• 15 Seat-holders/members• 4 Designated Members
Central Bank of BarbadosBar AssociationBarbados Chamber of Commerce & IndustryInstitute of Bankers
Who Are We Accountable To – Our Directors
• 9 Directors• 4 Designated Directors• 4 Directors elected by the Membership• 1 Independent DirectorDirectors are:
Mrs. Pat Downes-Grant (Chairman)Dr. Marion WilliamsMr. Andrew St. JohnMr. Philip BestMr. Roger Cave Mr. Randall BelgraveMr. Grenville PhillipsMr. Mariano BrowneMs. Maxine McClean
Who Regulates Us – Securities Commission
• Securities Act 2001-13
• Securities Regulation
Who Works For Us – Brokers
• 9 Registered Brokers
– 8 Settling Brokers
– 1 Non-settling Broker
They are:
• BNB Finance & Trust Corporation
• Caribbean Financial Services Corporation
• Clico Mortgage & Finance Corporation
• FirstCaribbean International Bank (Barbados) Ltd.
• Sagicor Asset Management Inc.
• Royal Bank of Canada
• Signia Financial Group
• Caribbean Money Market Brokers
• Cave Shepherd Investments Ltd.
What Is Our Product – Listed
• 2 Markets
They are:
Regular Market (24 Companies)
Junior Market (2 Companies)
Companies Listed on the BSE– Light & Power Holdings Ltd.
– McEnearney Alstons Barbados Ltd.
– Neal & Massy Holdings Ltd.
– RBTT Financial Holdings Ltd.
– Sagicor Financial Corporation
– Trinidad Cement Ltd.
– The West India Biscuit Company Ltd.
– West Indies Rum Distillery Ltd.
• Junior Market– Fortress Caribbean Property Fund– Sunbeach Communications Inc.
• Regular Market– Almond Resorts Inc.– A.S Brydens & Sons (Barbados) Ltd.
– Banks Holdings Ltd.– Barbados Dairy Industries Ltd.– Barbados Farms Ltd.– Barbados National Bank– Barbados Shipping & Trading Co. Ltd.– BICO Ltd.– BWIA West Indies Airways Ltd.– Cable & Wireless Barbados Ltd.– Cave Shepherd & Co. Ltd.– COURTS (Barbados) Ltd.
– FirstCaribbean International Bank Ltd.– Goddard Enterprises Ltd.– Grace, Kennedy & Co. Ltd.– Insurance Corporation of Barbados Ltd
The Growth Of The Market
2000 to Third Quarter 2004:• No. of trades increased by 892%.• No. of shrs. traded incr. by 309%• Value of shrs. traded incr. by 359%Market capitalisation was $513 Million in
1989Today M/Cap is $8.743 Billion
Advancers and Decliners
Portfolio Gain as at September 30, 2004
• At the beginning of the year, if you had invested $100 in each of the companies listed on the Exchange you would have received a 26.38% return on your investment!
DIVERSIFICATION
Monthly Comparison
Top Performers
What Do Investors Want – The 3 R’s
• Risk – There are risk involved in the particular investment
• Reward – Is the reward/return appropriate for the level of risk being undertaken?
• Recourse – Who do I turn to in the event something goes wrong?
Contact Information
Marlon Yarde – General Manager
Telephone: (246) 436-9871/2
Fax: (246) 429-8472
Website: www.bse.com.bb