Share price

The market price is an observable on a stock exchange price of a financial instrument or other securities traded on a stock exchange fungible the asset, for example a mineral raw material such as oil, copper, gold, or a farm product ( wheat, corn, soy, etc.).

General

The market price resulting from supply and demand in the traded commodity. Basically, the stock broker shall first consider any sale and purchase requests ("Orders " ) and then calculate at what price the largest turnover ( number of shares ) comes about, so as many of the present buying and selling needs are met.

A distinction is spot rates and prized courses. The calculated rate is always between the bid price ( engl. "bid " = lower limit, maximum price or price, are willing to the buyer to buy the securities ) and ask price ( engl. "ask" = upper limit; minimum price or price, are prepared to the seller, the securities for sale ). The difference between the bid and ask price is called the spread.

In stocks, the distinction between the nominal value is important. The par value refers to the registered capital of a joint stock company and is established prior to the issue of the shares.

Example: From the Deutsche Post, there are ( 30 April 2009) 1.209.015.874 shares with a par value of 1 euro each. At the Frankfurt Stock Exchange, this stock is traded on May 5 at a price of 9.70 euros per piece. In the 12 months before the stock market price between 22,50 € and 6.60 € per piece wavered.

A capital gain arises when the sale price is higher than the purchase price, conversely, it is according to an exchange loss.

Course Types

A distinction is made between:

After the course of the buyer or seller:

  • Bid - price of the buyer
  • Ask - Course seller

After the date of price determination:

  • Opening - First course of the trading day
  • Closing Price - Last price of the trading day

By type of price determination:

  • Continuing Price
  • (Also called unit course) spot rate

After the quality of the course:

  • Traded price
  • Taxakurs - Can for a security, no price can be determined, which may be the case for low-revenue securities, the competent securities dealer shall submit an estimate of course, the Taxakurs fixed ( tax, tax rate ). The case occurs when there has been no jobs and therefore no sales were made. Only such a value can then be determined.

In addition to these shortcomings in the stock market courses, there are courses that are set by brokers and dealers through direct transactions, called OTC (Over The Counter) courses. This course information is not mediated through stock exchanges but are circulating on market data systems at the dealership.

Course additions

Price notations indicate to what extent the limited at the price determined buy and sell orders of securities in trading could be carried out, or explain any price changes that have occurred during the official listing of the papers (eg: Subscription rights trading discount, dividend payments, etc.). The additives are used by almost all stock exchanges.

Course Notes

The course notes indicate how the courses have come about in the course of trading. In contrast to the price additives, the course notes are not regulated by the Exchange Rules.

  • G = money for this course consisted only demand. There were no trades.
  • B = letter to this course consisted only offer. There were no trades.
  • Excluding au, = suspended: The quotation is subject to a bid is not allowed
  • C = barter: At this rate were performed only contracts where the buyer and seller were identical.
  • Ex = abc without various rights: first quotation after various rights.
  • Ex = AZ after compensation: first quotation of a settlement payment.
  • BA ex, ex Ber = after bonus shares: This is a course addition for the case that a correction has been discounted. It is the first note after the conversion of the course on the adjusted ( from company funds ) share capital.
  • Ex Bo = bonus after law: first quotation of a bonus right.
  • BR ex, ex = Bez after subscription right: This is a course on additional days of subscription rights markdown. The price of the new shares will be traded immediately with price discount ( ex-rights ). Usually it is the penultimate trading day prior to the expiration of the subscription period.
  • D ex, ex Div = after dividend: This is a course addition on the day of dividend payment, usually this is the second trading day after the general meeting. The dividend for the previous financial year was paid to shareholders and will be deducted from the share price ( " ex dividend ").
  • Ex SP after splitting: first quotation after adjustment of the course on the split shares.
  • Ex = Z except drawing: The price quoted is understood by those not the drawn pieces. The note must be used only on the day of resumption of listing. Plus and minus notice.
  • Ex ZS = after interest: first quotation net of interest.
  • * = Asterisk, small amounts could wholly or partially not be traded.
  • T = tax, there were no sales, the course is appreciated.
Good (economics) Share (finance)
39160
de