BASSETERRE St. Kitts, January 5th, 2012 -- Welcome to the Eastern Caribbean Securities Exchange’s report for 4 January 2012, the first trading day of the New Year.
On the Eastern Caribbean Securities Market today, 16,293 Dominica Electricity Services Ltd shares
traded at $3.00 per share and 7,985 TDC shares traded at $1.55 per share, both unchanged from their
previous market close.
On the Regional Government Securities Market, the Government of St Vincent and the Grenadines’ 91-day Treasury bill, auctioned using the primary market platform of the Eastern Caribbean Securities Exchange (ECSE) raised a total of $24.61 million. A competitive uniform price auction methodology was used and the resulting discount rate was 5.50 per cent.
Here are the latest closing prices for the equities listed on the ECSE:
The Bank of Nevis Limited ……................................... $5.75
Cable & Wireless St Kitts & Nevis Limited …......….. $5.58
Dominica Electricity Services .…............................…. $3.00
East Caribbean Financial Holding Company …….. $11.30
FirstCaribbean International Bank ….....................….. $5.50
Grenada Electricity Services Limited ….............….. $11.00
Grenreal Property Corporation Limited ............…….. $5.40
Republic Bank (Grenada) Limited …...................….. $55.00
St Kitts Nevis Anguilla National Bank …................….. $2.45
St Lucia Electricity Services ….............................….. $12.50
S. L. Horsford & Company ….................................….. $1.50
Trinidad Cement Limited ……...................................... $3.40
TDC ….......................................................................….. $1.55
And today's financial tip:
What is a stop-limit order?
This is a variation of a stop order in which a trade must be executed at the exact price or better, whereby if the order cannot be executed, it is held until the stated price or better is reached.
The benefit of a stop-limit order is that the investor can control the price at which the trade will be executed.
However, as with all limit orders, a stop-limit order may never be filled if the stock’s price never reaches the specified limit price.
Join us next time for the Eastern Caribbean Securities Exchange trading report.
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