Conflicting share closing price

• 30 November 2005

• #1

G

georgee

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Hi, is it possible that the daily trading range for a share can vary from broker to broker, and not fall within the ASX trading range for that share?

I purchased AMP on 7.2.05 from a major online (banking) broker, for $7.87ps, but the same share is quoted on the ASX site as trading within 7.38 - 7.42 on that day........whilst my broker had the range as 7.83 - 7.87.

Thanks for any advice....

 

• 30 November 2005

• #2

RichKid

PlanYourTrade > TradeYourPlan

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georgee said:

Hi, is it possible that the daily trading range for a share can vary from broker to broker, and not fall within the ASX trading range for that share?

I purchased AMP on 7.2.05 from a major online (banking) broker, for $7.87ps, but the same share is quoted on the ASX site as trading within 7.38 - 7.42 on that day........whilst my broker had the range as 7.83 - 7.87.

Thanks for any advice....

Click to expand...

Who's your broker georgee? ASX prices are generally the benchmark. I assume you refer to the 7th of February 2005.

 

• 30 November 2005

• #3

R

rozella

rozella

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I've got

AMP 7th February 2005
open 785.0
high 788.0
low 783.0
close 783.0

 

• 30 November 2005

• #4

sails

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AMP had a capital return of 40c on 19th May 2005 - so perhaps the ASX have adjusted their prices. AMP charts on WebIress were adjusted down by 40c and shows a close of 738.21 on the 7th Feb 2005 but the unadjusted data I get from Yahoo agrees with Rozella's close - gets very confusing!

However, if you have been holding AMP shares through the last few months, you should have received the 40c capital return which would in effect lower your entry price anyway.

I am not an expert on the mechanics of capital returns - perhaps someone else can explain why some charts are adjusted following the return.

 

• 30 November 2005

• #5

kaveman

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did amp go through a price change in about May 19th
seems the price show something happening then to the nature of about 40cents.
my chart shows approx $7.38 to 7.43 rounded to cents

 

• 30 November 2005

• #6

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georgee

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Richkid, I trade with westpac.......

......and yes possibly the capital return may have had something to do with it......though I cant see why they dont report to the same standard, ie you can check the price on smh / asx / westpac and the price is not consistant.

Thanks to all who responded.