Amazing Facts related to Stock exchange
- Mysterious Gate No. 2 of BOMBAY STOCK EXCHANGE. Whenever it opens, market crashes.
Opened in 1992 for the first time. Harshad Mehta Scam
Opened in 2001 to welcome US Prez : Major Stock Market collapse
Opened in 2008 : You know what happened.
This superstition has become so popular that people start selling off their positions even if there is any rumor of opening the gate. I don’t know when it will open again.
2. In 2005 a Typing Error Causes $225M Loss at Tokyo Stock Exchange.
a trader at Mizuho Securities tried to sell 610,000 shares at 1 yen (less than a penny) apiece of a job recruiting firm called J-Com Co. , which was having its public debut on the exchange. It had actually intended to sell 1 share at 610,000 yen ($5,041).
3. Warren Buffett owned berkshire hathaway stock is the most expensive stock of the world. ( 2,97,600 USD or 1,89,98,932.80 Indian Rupee).
The reason for such a high price is that the company doesn’t splits the shares.
The reason for such a high price is that the company doesn’t splits the shares.
4. American Stock Exchange (AMEX) was originally named as New York Curb Exchange until 1953. WHY?
Because brokers used to trade their things standing by the curb of the New York City.
Because brokers used to trade their things standing by the curb of the New York City.
5. Amitabh Bachchan who owned 0.1 per cent stake in Just Dial, had seen his investment in the company grow 100-times in a matter of just two years. he had pre-IPO allotted stock at Rs 10 in 2013, sold last year at Rs 1,150 apiece.
6. In India, out of 22124.14 INR billionhousehold savings, only 2% goes as investment into Stock Market. Why?
Because majority of them pretend it as a gamble.
Because majority of them pretend it as a gamble.
7. The terms “Bear” and “Bull” are thought to be originated from the way of attacking by each animal, with the bull thrusting its horn up in the air, while a bear swiping downwards.
8. Women can be better investors scientifically
Scientists from the university of Leicester published that males are driven by testosterone. When they succeed in the stock market, the increase in testosterone levels and confidence, leads to invest even more, and more irrationally. Women appear to take the same decisions regardless of their recent successes in the stock market.
9. Sachin Tendulkar controlled Stock Market.
The research worked out by two esteemed professors of Monash University, Australia few years back revealed that there is sharp and significant decline in stock market prices the day after India loses a match. The fall in stock prices subsequent to loss is more than seven times the movement following a win by Indian Team.
Now, coming to Sachin Tendulkar, if he is involved in the losing match, the market goes down further (18% more compared to when he is not involved).
Another study also revealed that market performed better when Sachin scored a century.
Justification?
As we all know stock prices are ultimately governed by supply and demand of the stock. So, there tends to be some weird factors (like mood of the investors etc.) which affect their involvement in the stock market and hence the demand/supply of the stocks.
Thus, the stock market is affected by irrational/behavioral factors which has nothing to do with the actual performance of the public company.
10. The mysterious 21 Year Old Japanese Stock Trader.
A 21-year-old Japanese stock day trader named Takashi Kotegawa turned $13,600 into $156 million over 8 years. He still eats cup ramen for almost all of his meals. Not only does it save time, it also prevents him from eating large meals that make him sleepy.
11. The oldest stock exchange in the world is Amsterdam Stock Exchange, which was established in 1602 by Dutch East India Company dealing with the printed stocks and bonds. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.
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