It’s great most young investors are getting a chance to trade their own shares at the comfort of their homes or offices without heavily relying on stock brokers (although there’s still some amount of reliance).
In order to fully and easily trade on Ghana Stock Exchange (GSE), one must understand the necessary areas of the market and that brings me to the two kinds of markets – REGULAR and ODD LOTS Markets.
The Regular Market:
When trading on the exchange with the various trading platforms (e.g. iBroker trading platform ) you will come across “REG” & “ODL” .
REG: represents ‘Regular market’. In this market you can only trade lots in 100s. Like 900, 500, 1000, 10,000 etc.
ODL: represents ‘Odd Lots market’.In this market, you can only trade lots which are not in 100s. (Or better still let me say, lower than 100). Like 99, 45, 60, 75, etc.
How it works:
If you want to trade (buy or sell) 678 shares of any company, you will buy 600 shares in the Regular Market and then buy the remaining 78 shares from the Odd lots market (ODL) provided those number of shares are available on the various markets at the price you prefer.
Now you know. Keep investing.