Barbados Stock Exchange Report For 1st Quarter 2008

There was a large decline in the volume traded and a small increase in the value traded for the first Quarter of 2008. In both 2007 and 2008, take-over transactions played a significant role in the total trading activity on the market. In 2007, the CIBC Investments (Cayman) Limited take-over of FirstCaribbean International Bank accounted for 129,753,524 of the total shares traded (97%) and $424,294,023.48 of the value traded (97%). Whereas in 2008, there were two companies which were the subject to takeover transactions namely, Barbados Shipping & Trading Company Limited and Barbados Farms Limited. These two companies accounted for 84% of the volume traded (55,353,005 shares) and 90% of the value traded for the quarter ($414,932,068).

Click here to download the 1st Quarter Report for 2008.