BASSETERRE St. Kitts, August 7th, 2014 -- Welcome to the Eastern Caribbean Securities Exchange’s daily update for 6 August 2014 providing the latest trading information and financial tips for the investor.
On the Eastern Caribbean Securities Market today, 40,000 units of the Government of Saint Lucia’s 10-year bond, trading symbol LCG100524 traded at 7.50%.
Here are the latest closing prices for the equities listed on the ECSE:
The Bank of Nevis Limited ……..................................................... $2.40
Cable & Wireless St Kitts & Nevis Limited …….............................. $4.10
Dominica Electricity Services Limited ....................................……. $4.00
East Caribbean Financial Holding Company Ltd ….....................….. $6.00
FirstCaribbean International Bank ….........................................….. $6.00
Grenada Electricity Services Limited ……..................................... $10.00
Grenreal Property Corporation Limited ……..................................... $5.40
Republic Bank (Grenada) Limited …….......................................... $45.00
St Kitts Nevis Anguilla National Bank Limited ….........................….. $2.20
St Lucia Electricity Services Limited ……...................................... $24.00
S. L. Horsford & Company Limited ….........................................….. $1.80
Trinidad Cement Limited ……......................................................... $3.40
TDC ……...................................................................................... $1.50
And today's financial tip:
Why do organizations issue debt?
In order to obtain money for expansion and the development of goods and services organizations may raise money using a range of financial instruments for short, medium and long-term periods. When an organisation issues debt its repayment conditions are usually more manageable than the repayment conditions offered by banks.
Join us next time for the Eastern Caribbean Securities Exchange trading report.
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