WHAT IS THE STOCK MARKET?
A market is a meeting point for the purpose of exchanging stocks,share,securities or equities.
A process that facilitates the transfer of shares from one holder/owner to the other.
A system that fosters a relationship between users and providers of funds.
A system that enables an individual or an institution to become a part owner of a company he didn't establish with ease.

THE STOCK MARKET-
A system that enables the growth and transformation of a small company to a big one by multi participation and ownership.
A process that reduces corperate organization to sheet of papers and numbers for easy ownership.1

Almost all companies started small-limited liability-few owners.
A company becomes PLC-public liability company when the numbers of share holders can become limitless.
A company can be public owned and not be listed on the stock exchange floor.
When a public liability company becomes listed on the stock exchange,it is refered to as a quoted company-a specific price is attached.

WHY THE STOCK MARKET?
[1]INVESTMENT-MARK4:26-29,TALENT
[2]NO NEED OF YOUR PERSONAL EFFORTS OR STREES TO GROW:
[3]GROWS GRADUALLY BYSELF
[4]HARVEST IS EASY.LIQUIDITY
[5]SHARES-RISKS,RETURNS,IDEAS ETC-ACTS2:44-45
[6]SECURITY-NOT EASILY STOLEN OR DESTROYED BECAUSE IT IS INTANGIBLE-MAT6:20
[7]EQUITY-NO CHEATING-ACTS2:45
[8]STOCKS-DIVISIBILITY.
[9]AFFORDABILITY -MAT3:31-32,MUSTARD SEED,EVERYONE HAS A LITTLE.
[10]WEALTH BUILDING-THE ABILITY OF MEN TO USE MONEY TO CREATE MORE MONEY BY TRIPARTITE RETURNS-PRICE APPRECIATION,BONUS ISSUE AND CASH DIVIDEND.
[11]CLASSES OF MEN-LUKE15:11-30-WEALTH BUILDER,WEALTH PRESERVER AND WEALTH DESTROYER.
[12]FINANCIAL LONGEVITY.
[13]FINANCIAL SUPPORT/BACKUP
[14]ELASTICITY OF WEALTH-MAL3:12
[15]REDUCED RISK
[16]DIVERSIFICATION

STRUCTURE OF THE STOCK MARKET?
REGULATORS:
[1]THE SECURITIES AND EXCHANGE COMMISSIONS-GOVERNMENT
[2]THE STOCK EXCHANGE
[3]INVESTMENT AND SECURITIES TRIBUNALS
[4]CHATERED INSTITUTE OF STOCK BROKERS
OPERATORS:
[1]THE CENTRAL SECURITIES CLEARIN SYSTEM
[2]STOCK BROKING FIRMS
[3]CHATERED STOCK BROKERS
[4]ISSUING HOUSES,PORTFOLIO MANAGERS,AGENTS ETC
[5]COMPANY REGISTRAR
[6]SHAREHOLDERS
[7]QUOTED COMPANIES-FIRST TIER AND SECOND TIER.

TYPES OF MARKET,DOCUMENT AND INSTRUMENT:'
PRIMARY MARKET:
[1]DIRECT TRANSACTION BETWEEN USERS AND PROVIDERS OF FUNDS.
[2]OFFERS CERTAIN QUANTITIES TO EVERYONE BUT ONCE IN A WHILE AT A FIXED PRICE
[3]LIFE SPAN OF SIX WEEKS MAXIMUM
[4]BUY BY FILLING APPLICATION FORM-GET YOUR RECEIPT AND PHOTOCOPY THE FORM
[5]EVIDENCE OF PURCHASE IS SHARE CERTIFICATE OR CSCS STATEMENT.
[6]COMES CHEAP AND WITHOUT COMMISSION

RIGHTS:FOR EXISTING SHAREHOLDERS
[1]OFFER FOR SUBSCRIPTION-AN OPEN SALE TO ALL
[2]OFFER FOR SALE:DIVESTMENT BY AN EXISTING SHAREHOLDER IN AN OPEN MARKET
[3]DEBENTURE-LOAN STOCK BUT NOT COLATARISED,COULD BE CONVERTED
[4]BOND-LOAN STOCK BUT COLATARISED
[5]PREFERENCE SHARES-A HIGHER LEVEL OF COMMON STOK WHERE DIVIDEND PAYMENT COMES FIRST ABOVE COMMON STOCK HOLDER AND COULD BE CUMMULATED.

SECONDARY MARKET:
[1]GENERAL PRICE UPTREND
[2]START FIRST WITH AN INDUSTRY AND BLUE CHIP STOCKS
[3]THEN MOVE TO OTHER INDUSTRIES AND STOCKS
[4]PRICE RESPONSE TO EARNINGS AND OTHER INFORMATION SHARP,SPONTANEOUS AND GEOMETRIC
[5]BROUGHT ABOUT LIQUIDITY AND LOW MONEY MARKET RATES
[6]SUITABLE FOR SHORT-TERM INVESTMENT
[7]YOU CAN BORROW TO INVEST,CAN DO MARGIN TRADING.

MARKET SESSIONS:
THE BEARISH:CHARACTERISTICS
[1]GENERAL PRICE DOWN TREND
[2]STARTS OFTEN WITH THE SAME INDUSTRY THAT LED THE BULL AND BLUE CHIP STOCKS
[3]SUITABLE FOR LONG-TERM INVESTMENT PARTICULARLY AT THE TAIL END OF SESSION
[4]BROUGHT ABOUT BY LIQUIDITY,POLITICAL INSSTABILITY,HIGH MONEY MARKET RATES
[5]LOW PRICED STOCKS DOMINATES ACTIVITY CHART PARTICULARLY IN CAPITAL APPRECIATION
[6]NEVER BORROW TO INVEST,CAN DO GET TERM LOAN FRON BANKS.

PRICE DETERMINATION:
[1]ALL SHARE INDEX SHOWS THE AGGREGATE PRICE PERFORMANCES OF ALL STOCKS IN A DAY,WEEK,MONTH,YEAR OR AS REQUIRED.
[2]CAPITALISATION REFERS TO PRICE+QUANTITY TRADED
[3]EQUITIES CAN MAKE FIVE PERCENT MAXIMUM AND 5% MINIMUM PER TRADING DAY,THERE ARE OTHER PRICES WITHIN DAYS.
[4]STOCK PRICE GAINS WHEN DEMAND IS HIGH-BID,LOSE WHEN SUPPLY IS HIGHER-OFFER.
[5]BROKERS OFFER AND BID BUT THE SYSTEM DOES THE ALLOTMENT
[6]NEWSPAPERS PRICES ARE NOT THE ONLY ONE FOR THE DAY.

BASIC STRATEGY:SHORT-TERM:
[1]EARNING PER SHARE ANALYSIS AND RELEASE DAYS ON QUATERLY BASIS-PROFIT AFTER TAX OVER OUTSTANDING SHARE:
[2]MARKET HEAR SAYS ON BONUS AND DIVIDEND
[3]MONEY MARKET RATES
[4]PENSION FUNDS AND OTHER INSTITUTIONAL INVESTORS ENTRY
[5]PRIMARY MARKET ACTIVITIES
[6]GOVERNMENT SPENDING
[7]GOVERNMENT POLICY
[8]MARKET MAKING
[9]BAD INFORMATION IN A GOOD COMPANY
[10]CHEAP STOCK ANALYSIS

LONG-TERM:
[1]BOARD AND MANAGEMENT-CHANGE OVER TIME
[2]INDUSTRY-CHANGING PHASES
[3]PRODUCT AND SERVICES
[4]AGE,SIZE,MARKET SHARE
[5]COMPARATIVE ADVANTAGE AND COMPETITION
[6]BONUS,DIVIDEND HISTORY/POLICY
[7]PROFIT GROWTH AND PROFIT MARGIN HISTORY
[8]SHARE CAPITAL AND SHARE HOLDING STRUCTURE
[9]POLITICS AND ECONOMY