Trop-X Closing Prices for week ending 11th August 2017 |14 August 2017
Trop-X Closing Prices for week ending 11th August 2017 |
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Company Name |
Symbol |
Price |
Bodco Ltd |
BOD |
SCR24.00 |
Cedarwood International Investments Limited |
CIIL |
USD1.00 |
Sacos Group Ltd |
SAC |
SCR 115.00 |
Sea Harvest Investment Plc |
SHI |
USD1.00 |
Seychelles Breweries Ltd |
SBL |
SCR72.50 |
Southchester RF Limited |
SCRF |
ZAR109.00 |
WM Med 5 Limited |
WMUSM5 |
USD1.00** |
WM Aus Res 1 Limited |
WMAUR1 |
AUD1.00** |
WM Cypress Ridge Limited |
WMCR01 |
USD1.00** |
SA Res 1 Zero2One Limited |
WMSAR1 |
ZAR1.00 |
Entrepreneur Resorts Limited |
ERL |
USD1** |
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** Subscription price
This week has seen the launch of three Treasury Bonds and a DBS Bond which will be administered by the Central Bank of Seychelles. The Treasury Bonds being issued on behalf of the Government are a three-year, five-year and seven-year bonds earning fixed interest rates of 6.0%, 6,5% and 7.0% per annum respectively.
How are share prices determined[1]?
Share prices are largely determined by the forces of supply and demand. A company that demonstrates long-term earnings potential may attract more buyers, thereby enjoying an increase in share prices. A company with a poor outlook, on the other hand, may attract more sellers than buyers, which can result in lower prices. In general, prices rise during periods of increased demand ‒ when there are more buyers than sellers. Prices fall during periods of increased supply ‒ when there are more sellers than buyers. A continuous rise in prices is known as an uptrend, and a continuous drop in prices in called a downtrend. Sustained uptrends form a "bull" market and sustained downtrends are called "bear" markets.
Other factors can affect prices and cause sudden or temporary changes in price. Some examples of this include earnings reports, political events, financial reports and economic news. Not all news or reports affect all securities.
Prices of shares can also be driven by what is known as herd instinct, which is the tendency for people to mimic the action of a larger group. For example, as more and more people buy a share, pushing the price higher and higher, other people will jump on board, assuming that all the other investors must be right (or that they know something not everyone else knows). There may be no fundamental or technical support for the price increase, yet investors continue to buy because others are doing so and they are afraid of missing out. This is one of many phenomena studied under the umbrella of behavioural finance.
If you are interested in opening a trading account or if you have certificated shares in SACOS Group Ltd or Seychelles Breweries Ltd please get in touch with one of our two broker members who can assist both in English and Creole:
Constant Capital (Seychelles) Ltd - 434 6820/ or email info@constant.sc
PKF Capital Markets (Seychelles) Ltd – 4346770/ or email pkfcapital@pkf.com