MPI dropped 5% due to Rs 59520 error trade?

rocksan wrote:According to the explanation given by CSE to daily FT the trade that effected 5% drop in MPI index is just 1200 of DIST shares, ok will assume that someone has erroneously entered selling price as 100 instead 149.60 the closing balance, that means 49.60 X 1200 = 59,520 my question is this how can MPI drop by 5% from an error trade that the difference is just 59,520. Please correct me if i am wrong

Source : http://www.ft.lk/2011/11/26/cse-inquiring-into-bizarre-error-trade/

dhanurrox wrote:Before the soo called error trade MPI was around 150 down,lol

godswen wrote:


The MPI didn't drop 5% only because of the DIST trade. It was about 3% down already at that time. And MPI/ASI is not calculated based on the amount of the trade but on the price of the share.



I hope you know how to calculate the market cap!

Cheers!

godswen wrote:

rocksan wrote:According to the explanation given by CSE to daily FT the trade that effected 5% drop in MPI index is just 1200 of DIST shares, ok will assume that someone has erroneously entered selling price as 100 instead 149.60 the closing balance, that means 49.60 X 1200 = 59,520 my question is this how can MPI drop by 5% from an error trade that the difference is just 59,520. Please correct me if i am wrong

Source : http://www.ft.lk/2011/11/26/cse-inquiring-into-bizarre-error-trade/

The MPI didn't drop 5% only because of the DIST trade. It was about 3% down already at that time. And MPI/ASI is not calculated based on the amount of the trade but on the price of the share.



I hope you know how to calculate the market cap!

Cheers!

smallville wrote:

godswen wrote:

rocksan wrote:According to the explanation given by CSE to daily FT the trade that effected 5% drop in MPI index is just 1200 of DIST shares, ok will assume that someone has erroneously entered selling price as 100 instead 149.60 the closing balance, that means 49.60 X 1200 = 59,520 my question is this how can MPI drop by 5% from an error trade that the difference is just 59,520. Please correct me if i am wrong

Source : http://www.ft.lk/2011/11/26/cse-inquiring-into-bizarre-error-trade/

The MPI didn't drop 5% only because of the DIST trade. It was about 3% down already at that time. And MPI/ASI is not calculated based on the amount of the trade but on the price of the share.



I hope you know how to calculate the market cap!

Cheers!

Gods, U mean 50K or even 120K can get the MPI 2% down even if the calc is done in above way???
OMG... I never felt that..

So if this is tru... If one has 3000 DIST, and if no buyer comes near 140 mark, if he started disposing all 3000, from 140 to say 120 range, Will MPI go down 10%?