19th Jan. 2017
Announcement of the base price (FPB)
The base price of FPB (00004) to be listed on YSX on 20th Jan. 2017, its upper and lower limit price and tick size of the listing date are as follows;
● Base price: MMK 39,000
● Upper limit price: MMK 44,000
● Lower limit price: MMK 34,000
● Tick size: MMK 500 for up to MMK 40,000, MMK 1,000 for above MMK 40,000
“Base price” is the price to determine the “upper and lower limit price” of the day. The price is not intended to mean a kind of predetermined or anticipated matching price.
Investors may place a “Limit order” at any price between the upper and lower limit price or “Market order” not to name the price for gaining priority to buy or sell a stock.
If investors place a Market order, it doesn’t mean it will always be matched at the base price. It can be matched between the upper and lower limit price based on balance of supply and demand.