BASSETERRE St. Kitts, March 8th 2012 - Welcome to the Eastern Caribbean Securities Exchange’s daily update for 7 March 2012 providing the latest trading information and financial tips for the investor.

On the Eastern Caribbean Securities Market today the following securities traded:

• 500 Bank of Nevis shares traded at $5.62, a decrease of $0.13 or 2.3% from its previous market close

• 500 Cable & Wireless St Kitts & Nevis Ltd shares traded at $5.50 per share, unchanged from its previous market close

• 500 East Caribbean Financial Holding Co Ltd shares traded at $11.20 per share, unchanged from its previous market close

• 200 St Kitts Nevis Anguilla National Bank Ltd shares traded at $2.49 per share, an increase of $0.02 or 0.8% on its previous market close; also 121 St Kitts Nevis Anguilla National Bank Ltd shares traded odd lot at $2.48 per share

• 100 TDC shares traded odd lot at $1.50 per share

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

The Bank of Nevis Limited …….. $5.62
Cable & Wireless St Kitts & Nevis Limited …….. $5.50
Dominica Electricity Services .……. $3.00
East Caribbean Financial Holding Company …….. $11.20
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 …….. $2.49
St Lucia Electricity Services …….. $12.50
S. L. Horsford & Company …….. $1.80
Trinidad Cement Limited …….. $3.40
TDC …….. $1.50

And today's financial tip:

Why do Organisations issue equity?

Organisations need to raise capital for a number of different reasons, for example, capital injection. The money needed can be acquired from the organisation’s profit or an issuance of shares (equity) thus enhancing the organisation’s reserves/retained earnings. In issuing equity the organization’s public profile is enhanced and its debt level is minimized.

Join us next time for the Eastern Caribbean Securities Exchange trading report.

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