The face value and market value of stocks are often inconsistent. The stock price can be higher or lower than the face value, but the price of the initial stock issue is generally not lower than the face value.
The stock price mainly depends on the expected dividend, the bank's interest rate and the relationship between supply and demand in the stock market. The stock market is a volatile market, so is the stock price.
The market transaction prices of stocks mainly include: opening price, closing price, highest price and lowest price. The closing price is the most important, which is the basic data used to study and analyze the stock market and suppress the stock market trend chart.
Determinants of market value:
First of all, I want to know that the market price of stocks is determined by the market. The face value and market value of stocks are often inconsistent. The market price of a stock can be higher or lower than its face value, but the price of the initial stock issue cannot be lower than its face value. Stock prices are mainly determined by expected dividends, bank interest rates and the relationship between supply and demand in the stock market. The stock market is a fluctuating market, and the market price of the stock is constantly changing. The two main factors that affect the stock price include:
First, the internal cause, that is, the intrinsic value of the stock;
The second is external factors, that is, the market's discovery and recognition of the intrinsic value of stocks.
The former is capital, because price is the embodiment of value. Theoretically speaking, good value will have a good price; On the contrary, there is no good value, even if there is a good price, because there is no value support, it cannot last long. The latter is also an important factor affecting the stock price. The market has its own valuation standards, ups and downs and behavioral preferences. Coupled with information asymmetry and other factors, stocks of the same value will also have premiums and discounts in the market. In the case of constant share capital, the market value increases or decreases due to the rise and fall of share price. Therefore, the change of market value is also determined by the market. In a mature market with strong and effective valuation ability, the market value is also the concrete embodiment of the investment value of listed companies, which is equivalent to the wealth value of all listed shareholders. However, in China market, the product of equity and stock price is only the external expression of market value.