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Closing auction
The period at the end of the JSE day when the closing price of each share is set.
Orders are collected without trading and matched at one price when the auction ends. Index funds often trade here, which is why the close can move sharply on index change days.
More terms
- Price to earnings (P/E)The share price divided by the profit per share: how many years of today’s profit you pay for.
- Dividend yieldThe dividends paid over the last year as a percentage of today’s share price.
- Ex-dividend dateThe first day a share trades without its next dividend.
- Payout ratioThe share of its profit a company pays out as dividends.
- Market value (market capitalisation)The share price times the number of shares: what the market says the whole company is worth.
- IndexOne number that tracks a basket of shares, so you can see how a whole market or sector is doing.
- Every term ↗
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