Welcome to the ECSE daily trading report for 4
th December 2007.
And today's financial tip:
What is working capital?
Working capital measures how much liquid assets a company has available to build its business. It is the difference between current assets and current liabilities. This number can be positive or negative, depending on how much debt the company is carrying. In general, companies that have a lot of working capital will be more successful since they can expand and improve their operations. Companies with negative working capital may lack the funds necessary for growth.
Today on the Eastern Caribbean Securities Market, 278 St Kitts Nevis and Anguilla National Bank shares traded at $3.74, holding firm on its last trading price. Although there were bids and offers for other listed securities there were no other matches, and thus there were no other changes in the market prices of the securities trading on the ECSM.
