The Eastern Caribbean Stock Exchange (ECSE) last month experienced its heaviest trading day in the market’s brief two-year life when over one million shares changed hands.
The historic day occurred on December 17 when total volume hit 1,128,941 shares, with trading particularly heavy in the Eastern Caribbean Financial Holding Company Ltd whose stock achieved a 52-week high of $7.50. Bank of Nevis stock also hit a 12 month high at $4.50 per share.
A significant amount of this increased liquidity originated from overseas investors and according to the exchange, the achievement is “a testimony to the ECSE's vision of using its unparalleled technological resources to link investors on a region-wide basis.”
A comprehensive report on offshore stock exchanges, describing the 13 offshore exchanges, and their regulatory structure, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop
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