Frequently Asked Questions |
Question: Can I deal for myself or does the broker make all the decisions for me? |
Answer::That is your choice. You may give the broker authority to trade on your account or you may make the decisions yourself.
If you give the broker permission to deal on your account (this is known as a managed portfolio), you will need to sign a mandate confirming that
he can deal on your behalf on your account. Without this mandate the broker can only deal with your prior approval for each transaction. |
Question: Can I trade directly through NSX as a private individual? |
Answer: No, a private individual can only trade through a registered stockbroker. |
Question: What instruments are traded on your exchange? |
Answer: Presently only equities and bonds (secondary market) are traded on the NSX. |
Question: I am a first-time investor. How do I buy shares or invest in the stock market/exchange? |
Answer: Your first port of call when investing would be one of the NSX registered brokers. (details available under "contact"). |
Question: How do I select which shares to buy? |
Answer: Contact any of the registered stockbrokers who are qualified to advise clients on investments. |
Question: I am still a minor – am I able to deal on the NSX? |
Answer: Yes, but you will need to get a written approval from you parent/legal guardian stating that they are aware of your trading. |
Question: What are the NSX trading hours? |
Answer: The NSX trading hours are from 09:00 to 17:00, Monday to Friday during summer and from 08:00 to 16:00 during winter excluding public holidays. These hours constitute the continuous trading hours. |
Question: What are the communication channels that exist between listed companies and their respective shareholders? |
Answer: A listed company must ensure that all the necessary information is available to shareholders. This can be done through press announcements, Announcements to Securities Exchange News Services (SENS), Circulars and pre-listing statements. |
Question: What is SENS and its function at the NSX? |
Answer: SENS was established with the aim of facilitating early, equal and wide dissemination of relevant company information, and improving communication between companies and the market. It is a real time news service for the dissemination of company announcements and price sensitive information. |
Question: When does SENS need an announcement? |
Answer: The company must submit all relevant company and price sensitive information to SENS as soon as possible after authorisation. An announcement must be sent to SENS before it’s published in the newspaper. |
Question: Under what circumstances does a company need to produce a cautionary announcement? |
Answer: An issuer must submit a copy of the cautionary announcement as soon as possible after it is in possession of any material price sensitive information, in particular, if at any time the necessary degree of confidentiality of such information cannot be maintained, or if the company suspects that confidentiality has or may have been breached. An issuer must at all times endeavour to publish full details of any proposed transaction. |