Please dont price South African stocks listed on the JSE in CENTS! It is crazy.
Hello,
Please don't price South African stocks listed on the JSE in CENTS!
It is crazy!
Just look at Fridays close on the JSE:
Assore is priced at 30,208.00 cents . WHY?
This should be in Rands and Cents just like Dollars and Cents
So what the heck is 30,208? Who prices US stocks in cents?
It is easy to get confused because of the placing of the comma.
At first glance it looks like it should be R30.20? Or is it R302.08?
Please price Assore as follows:
R302.08 if this is correct and not thirty thousand, two hundred and eight cents - just like South African brokers do
Which comes to 302 Rand and 8 cents and not 30,208 cents
Thanks.
Victor
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Victor Carulei
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