Base Price, Price Ticks and Price Margin/Price Range
“Base Price” is the price which constitutes a base for determining the upper and the lower price limits of a stock between which a stock can be traded during a session. The “Base Price” is calculated by rounding the "Weighted Average Price” of the previous session to the nearest price tick.
“Base Price” is the price which constitutes a base for determining the upper and the lower price limits of a stock between which a stock can be traded during a session. The “Base Price” is calculated by rounding the "Weighted Average Price” of the previous session to the nearest price tick.
"Price Tick" is the least price variation that may occur once at a time for each stock.
The lowest and the highest prices which may be offered for a stock within the session constitute the "Price Margin/Price Range" of that stock. The price margin is automatically calculated by the System to be 10% above and below the base price in every session. The upper limit is determined by rounding to the appropriate upper price tick whereas the lower limit is determined by rounding to the lower price tick. In the rights issue coupon market, the price margin is 25%.