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Poll

US$ EXCHANGE RATE PREDICTION 2023

Price band Vote_lcap9%Price band Vote_rcap 9% [ 26 ]
Price band Vote_lcap8%Price band Vote_rcap 8% [ 24 ]
Price band Vote_lcap16%Price band Vote_rcap 16% [ 47 ]
Price band Vote_lcap18%Price band Vote_rcap 18% [ 51 ]
Price band Vote_lcap16%Price band Vote_rcap 16% [ 47 ]
Price band Vote_lcap25%Price band Vote_rcap 25% [ 72 ]
Price band Vote_lcap7%Price band Vote_rcap 7% [ 19 ]

Total Votes : 286

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
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Price band

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1Price band Empty Price band Thu Mar 10, 2011 7:48 pm

lumaxx


Stock Analytic
Stock Analytic

Hi guys,

I've been reading the forum posts for the last few days and i need to know what a price band is?

2Price band Empty Re: Price band Thu Mar 10, 2011 9:51 pm

dinusl

dinusl
Co-Admin

lumaxx wrote:Hi guys,

I've been reading the forum posts for the last few days and i need to know what a price band is?

If any share price banded it can't go up more than 10% and same happened to down tread as well can't go down more than 10% it's doing for control that stock price unusual price movements Surprised

3Price band Empty Re: Price band Thu Mar 10, 2011 10:04 pm

2011_NewComer

2011_NewComer
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Me too new to stock market.
This is my understanding about price band..

When a stock's price goes very high or low for several days, due to some reason (eg. upcoming rights issue, split, dividends, etc..), then they impose a price band.
When that happens during a day that stock can go up or down only by 10% of the value of the previous day closing price. e.g if it closed at Rs.30 yesterday, today it can go up to only 30 + 3 = 33 or go down only up to 30-3=27. so today it can trade between 27 - 33 only.
I think the price band will be there for 10 working days.

Please correct me if I am wrong Smile

4Price band Empty Re: Price band Thu Mar 10, 2011 11:49 pm

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics

It's a musical band when SEC wants to play they play....... but this band not play for SEC's friends

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