Liquidity: The stock market can lower the investment limit – the capital market

CEO of the stock exchange Itai Ben Zeev Authorized by the TASE to re-determine the minimum amount that can be invested in the continuous trading phase, it was determined at a meeting on the TASE last week out of a desire to increase the accessibility of the investment to all who seek it and increase liquidity on the TASE. Stock

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Base:1,672

opening:1,650

Tall:1,703

low:1,650

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The minimum size of an order is a parameter that determines, for each security separately, the minimum amount of the security that can be included in an order submitted for trading on the stock exchange, at the continuous trading stage. The minimum size of an ordinance is determined by the monetary value determined by the board of directors, for each type of securities. When the quantity of a security, contained in an order submitted at the continuous trading stage, is less than the minimum size of an order, the order is considered invalid and is therefore rejected.

This decision is a continuation of the reduction in the minimum size of an order in the stock market from NIS 2,000 to only NIS 500, which is intended to increase liquidity and allow trading in small amounts among the general public.

The Board of Directors now stipulates that from now on the CEO of the TASE will be authorized to determine a minimum size of an ordinance that does not comply with the rules, if he believes this is necessary to maintain trading in a particular security on a particular trading day. A security, although determined in accordance with rules, may impair the integrity of trading in that security.

In recent years, the stock exchange has made many efforts to increase liquidity and encourage investment among the general public as well. As the stock exchange announced last week, in 2020 close to 135,000 new accounts were opened, compared to less than 100,000 new accounts in 2019, with a jump of about 150% in the number of accounts opened in investment houses.

According to TASE data, between January and November, turnover increased to NIS 419 billion, compared with NIS 282 billion in the corresponding period last year. 48% increase. It can be said that the rises in the stock market around the world and the departure of many to the stock market (who enjoy free time and are looking for a side income) have shed new blood to the stock market. One way or another this is an extraordinary achievement of the local stock market.