Following information has been collected regarding Share-X trading at NSE on 2nd September, 2016: Date | Time | Price (₹) | No. of shares traded. 2nd September, 2016 | 14:42:10 | 265.60 | 550. 2nd September, 2016 | 14:53

CS Executive · Capital Markets & Securities Laws · PYQS · December 2016
Following information has been collected regarding Share-X trading at NSE on 2nd September, 2016: Date | Time | Price (₹) | No. of shares traded. 2nd September, 2016 | 14:42:10 | 265.60 | 550. 2nd September, 2016 | 14:53:35 | 262.78 | 1,575. 2nd September, 2016 | 15:00:20 | 260.99 | 1,514. 2nd September, 2016 | 15:03:30 | 261.79 | 1,625. 2nd September, 2016 | 15:05:40 | 260.38 | 1,025. 2nd September, 2016 | 15:12:20 | 261.51 | 1,390. 2nd September, 2016 | 15:21:25 | 261.42 | 800. 2nd September, 2016 | 15:22:20 | 264.07 | 600. 2nd September, 2016 | 15:26:55 | 263.74 | 1,200. You are required to determine the closing price and last traded price for Share-X for 2nd September, 2016.

Answer & Explanation:

Closing price is calculated by taking the weighted average of prices of a stock during the last half an hour i.e. from 3:00 pm to 3:30 pm for every trading session. However, if there is no trade recorded during last 30 minutes, then the last traded price of a stock is taken as the closing price. Last Trading Price is the price at which the last transaction of a stock is recorded on a trading day. Accordingly the prices are calculated as thus: Share A Date Time Price No. of shares traded Price x shares traded 2-Sep-16 15:00:20 ₹260.99 1,514 ₹3,95,138.86 2-Sep-16 15:03:30 ₹261.79 1,625 ₹4,25,408.75 2-Sep-16 15:05:40 ₹260.38 1,025 ₹2,66,889.50 2-Sep-16 15:12:20 ₹261.51 1,390 ₹3,63,498.90 2-Sep-16 15:21:25 ₹261.42 800 ₹2,09,136.00 2-Sep-16 15:22:20 ₹264.07 600 ₹1,58,442.00 2-Sep-16 15:26:55 ₹263.74 1,200 ₹3,16,488.00 Total 8,154 ₹21,35,002.01 Closing price = ₹21,35,002.01 / 8154 = ₹261.83 Last Trading Price for Share X = ₹263.74 (This is the price of the last transaction at 15:26:55)

Topics: Stock Market Operations

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