ecos test stock market Flashcards
equites/shares def
entitles owner to a share of companies profit and voting power
preference shares
capital stock which provides a specific dividend before any common dividends are paid
prospectus
a document that provides investors full details of the proposed offer of shares also containing important information on the company
IPO
The first sale of a stock by a company to the public
primary market
part of the capital market that deals with the issuance of new securities
secondary market
where previously issued securities and financial instruments are bought and sold
over the counter
a security which is not traded on exchange
index
a measurement of a specific basket of stocks
outstanding shares
the shares of a corporations stock that have been issued in the hands of the public
blue chip
good stable shares that are relatively expensive
capitalization and companies on JSE
more than 400 companies listed and 182 billion dollars of capitilization
how was the JSE discovered
in 1886 gold was discovered in the SA mountain range
When was the JSE created
In 1887 BENJAMIN WOOLAN created the JSE
When did they eliminate the open overcry system
In 1996 converting to a fully electronic system
oldest stock exchange
the London stock excahnge
