13
Index and Market Capitalization Movement There were increases in both the Cross-Listed (15.31%) and Composite (1.42%) indices for 2013; the Local Index recorded a decrease of 2.82%. The Cross-Listed Market Capitalization recorded an increase of 14.92%. The Local and Composite Market Capitalization performance, however, recorded decreases of 10.70% and 5.79% respectively. Table 11 illustrates the year on year changes in both index and market capitalization. Table 11: Index and Market Capitalization - Year on Year
Index
30-Dec-13
30-Dec-12
% Change
Local
2,995.52
3,082.38
-2.82%
Cross Listed
1,486.78
1,289.35
15.31%
740.42
730.04
1.42%
30-Dec-13
30-Dec-12
% Change
Local
7,999,308,023
8,957,484,391
-10.70%
Cross Listed
2,481,309,653
2,159,097,185
14.92%
Composite
10,480,617,676
11,124,381,576
-5.79%
Composite Market Capitalization
For the fourth quarter of 2013, only the Cross-Listed market measures recorded increases. The Local Index and Market Capitalization measures recorded the largest declines of 6.18% and12.96% respectively. These decreases are the result of large declines in share prices of two (2) locally listed securities as well as the delisting of Republic Bank Barbados Limited. Table 12, below, illustrates the fourth quarter index and market capitalization performance. Table 12: Index and Market Capitalization - 4th Quarter
Index
30-Dec-13
Local
2,995.52
3,192.87
-6.18%
Cross Listed
1,486.78
1,305.35
13.90%
740.42
749.24
-1.18%
30-Dec-13
30-Sept-13
% Change
Local
7,999,308,023.01
9,190,555,963.21
-12.96%
Cross Listed
2,481,309,652.70
2,175,651,106.10
14.05%
Composite
10,480,617,675.71
11,374,007,069
-7.85%
Composite Market Capitalization
30-Sept-13
% Change