Sharemark prices
Sharemark auctions shares; auctions can take place daily, weekly, monthly or quarterly. Generally the more shareholders a company has, the more frequently the auctions should occur.
People buying shares enter ‘bids’ and people selling shares enter ‘offers’. These bids and offers can all be seen on this website by going to the ‘Traded Company Information’ section and clicking on the relevant company.
The information is also available over the phone. Like all stock markets, bids and offers are entered through a stockbroker.
To calculate a share price, Sharemark works out the price at which supply for shares meets demand. Providing there are matching bids and offers in the system, this price will always show on the website and it's available by phoning 01296 41 41 41. It's called the indicative price and those wishing to buy or sell (or simply value their shares) could use this as a guide price, when entering their order.
This price may change in the build up to the auction as more and more people enter their ‘bids’ and ‘offers.’ If a price does change then orders can be amended.
When the auction actually takes place Sharemark calculates the final price and this is the price that buyers and sellers will trade at. Only sellers wishing to sell at the same as or less than the final auction price will sell their shares, similarly only buyers wishing to buy at the same or higher will get their shares.
Sometimes, there are more sellers than buyers, or vice versa so Sharemark has to calculate which trades are filled. Where there are more sellers than buyers, those who've entered the lowest price will sell their shares first.
If two or more people are willing to sell at the same price, the person who entered their order first will sell their shares in preference to the person who entered their order later.
- Sharemark news
Sharemark Celebrates its 10th Anniversary!
- Press centre
- Trade now