BASSETERRE St.Kitts, November, 8th, 2011 - Welcome to the Eastern Caribbean Securities Exchange daily update for 7 November 2011 providing the latest trading information and financial tips for the investor. There were no trades on the Eastern Caribbean Securities Market today.
On the Regional Government Securities Market, the Government of Grenada’s $15 million 91- day Treasury bill, auctioned using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE), raised a total of $15.0 million. A competitive uniform price auction methodology was used and the resulting discount rate was 6.0 per cent.
Here are the latest closing prices for the equities listed on the ECSE:
Bank of Nevis …….. $5.50
Cable & Wireless St Kitts & Nevis Limited …….. $5.59
Dominica Electricity Services .……. $3.00
East Caribbean Financial Holding Company …….. $12.43
FirstCaribbean International Bank …….. $5.50
Grenada Electricity Services Limited …….. $11.00
Grenreal Property Corporation Limited …….. $5.40
Republic Bank (Grenada) Limited …….. $55.02
St Kitts Nevis Anguilla National Bank …….. $2.35
St Lucia Electricity Services …….. $12.50
S. L. Horsford & Company …….. $1.50
Trinidad Cement Limited …….. $3.40
TDC …….. $1.30
And today's financial tip: What are government securities?
Government securities are financial instruments including treasury bills, notes and bonds that are issued by a government and sold to the public to pay off maturing debt and raise capital needed to finance government expenditure. Backed by the full faith and credit of the issuing government, these instruments are usually considered safe investments. Information is also available at the ECSE or on the ECSE website at www.ecseonline.com.
Join us next time for the Eastern Caribbean Securities Exchange trading report.
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