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STOCK EXCHANGE
Stock Exchange
• Stock exchange is the place where investors go to buy or sell their shares.
• Once a company’s public offering is complete, it gets listed in a stock exchange.
After listing it would be available for trading to all investors in the stock exchanges where they are listed.
How Companies Raise The Capital?
• By followong mean’sDebenturesEquityLoan
Why Companies Issue Stock?
• When a company would like to grow, it issues stock to raise funds and pay for on going business activities.
• It’s populer because : 1. The company does not have to repay the
money 2. Paying devidens is optional Dividens are distributions of earnings paid to
stockholders
What is a Stock?
• Stock is a share in the ownership of a company. It represents a claim on the company’s asset and earnings.
• Whether you say shares, equity or stock, it all means the same thing.
Type of Share
• Four types of share :
OrdinaryPreferenceCumulative preferenceRedeemable
Market Segments
• Primary Market - Channel for creation of new securities.
• Secondary Market - The new securities issue in the primary
market are traded the secondary market.
Stock Exchange World Wide
• New York Stock Exchange – United States
• NASDAQ (National Association of Security Dealers Automated Quotations) – Unites States
• Shanghai Stock Exchange – China• London Stock Exchange – UK• Tokyo Stock Exchange - Japan
Stock Exchange in Indonesia
• Indonesia Stock Exchange is stock exchange based in Jakarta.
ISSUES
• The way to invite share capital from the public is through a PABLIC ISSUE
• Issue is a legal entity that develops, registers and sells securities for the purpose of financing its operations
Type of Issues
How The Market Work?
Indonesia Stock Exchange
• Indonesia Stock Exchange (IDX) was previously known as Jakarta Stock eXchange (JSX) before its name changed in 2007 after merging with Surabaya Stock eXchange (SSX).
• As of 28 June 2010, the Indonesia Stock Exchange had 341 listed companies with a combined market capitalization of $269.9 billion.
Trading System
• JSX/IDX trading system is called the Jakarta Stock Exchange Automated Trading System (JATS) which facilitates order input, opening price formation, order matching and trade confirmation.
• Orders are matched first by price priority and then by time priority. Upon trade execution, JATS generates trade confirmations online.
Trading Hours
• Monday to Thursday:Morning Session: 09:30 – 12:00Afternoon Session: 13:30 – 16:00
• Friday:Morning Session: 09:30 – 12:00Afternoon Session: 14:00 – 16:00
Stock Market Index
• Index is basically an indicator. It gives you a general idea about whether most of stocks have gone up or most of stocks have gone down.
Indonesia Stock Index
THANK YOU