Stock Exchange – S4 Commerce Notes

These Senior Four commerce notes explain what a stock exchange is and how it works. They describe the roles of brokers and jobbers, and the three types of jobbers: bulls, bears and stags. The notes list the main functions of a stock exchange and define common terms such as quoted companies, going public, blue chips, bonds, portfolios, dividends, cum-div and ex-div, par value and market value. They also cover the securities traded, including shares, debentures, stock and treasury bills, and set out the steps for buying and selling shares. Ugandan examples, such as companies listed on the Uganda Securities Exchange, help learners connect the topic to their own country. The notes end with the problems facing stock exchange markets.