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Posted: Thursday 9 December, 2010 at 6:06 PM

    Welcome to the Eastern Caribbean Securities Exchange daily update for 9 December 2010

     

    providing the latest trading information and financial tips for the investor.

     

     

     

    There were no trades on the Eastern Caribbean Securities Market today.

     

     

     

    Here are the latest closing prices for the equities listed on the ECSE:

     

     

     

     

     

    Bank of Nevis ……............................................................................. $4.80

     

    Cable & Wireless St Kitts & Nevis Limited ……................................. $5.75

     

    Dominica Electricity Services .……...................................................... $2.50

     

    East Caribbean Financial Holding Company ……............................... $13.50

     

    FirstCaribbean International Bank ……................................................ $5.50

     

    Grenada Electricity Services Limited …….......................................... $11.00

     

    Grenreal Property Corporation Limited ……........................................ $5.40

     

    Republic Bank (Grenada) Limited …….............................................. $57.00

     

    St Kitts Nevis Anguilla National Bank …….......................................... $2.47

     

    St Lucia Electricity Services ……....................................................... $25.00

     

    S. L. Horsford & Company ……......................................................... $1.25

     

    Trinidad Cement Limited …….............................................................. $3.40

     

    TDC ……............................................................................................ $1.85

     

     

     

     

     

    And today's financial tip:

     

     

     

    What is meant by settling a trade?

     

    In securities markets settling a trade is the process of transferring securities to the buyer and

     

    monies to the seller after a trade has taken place. In the Eastern Caribbean Securities Market that

     

    process, also referred to as settlement, takes place on the working day following the trade

     

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