List of Glossary Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Numeric


OANDO PLC
04 - 11 - 2019
Oando (OAO) is an oil and gas company located primarily in Nigeria. It has listings on both the JSE and the Nigerian stock exchange. The problem with a share like this from... read more
 
OAO
04 - 11 - 2019
Oando (OAO) is an oil and gas company located primarily in Nigeria. It has listings on both the JSE and the Nigerian stock exchange. The problem with a share like this from... read more
 
OAS
07 - 05 - 2020
Oasis (OAS) is a property company that manages various properties applying the principles of Islamic finance. It also manages institutional investments and retirement portfolios... read more
 
OASIS CRESCENT PROPERTY FUND
07 - 05 - 2020
Oasis (OAS) is a property company that manages various properties applying the principles of Islamic finance. It also manages institutional investments and retirement portfolios... read more
 
OBV
This was the first volume-based technical method developed by Joseph Granville. The method begins with an arbitrary total like 100 000 to which the positive volumes are added and the negative... read more
 
OCE
08 - 06 - 2020
Oceana (OCE) is Southern Africa's largest fishing business which also has significant fishing interests in the US through its Louisiana-based subsidiary Daybrook Fishing.... read more
 
OCEANA GROUP LTD
08 - 06 - 2020
Oceana (OCE) is Southern Africa's largest fishing business which also has significant fishing interests in the US through its Louisiana-based subsidiary Daybrook Fishing.... read more
 
OCT
24 - 04 - 2020
Octodec (OCT) is a real estate investment trust (REIT) which owns properties mainly in the inner cities of Johannesburg (33,9%) and Pretoria (66,1%). It has a large residential... read more
 
OCTODEC INVESTMENTS LIMITED
24 - 04 - 2020
Octodec (OCT) is a real estate investment trust (REIT) which owns properties mainly in the inner cities of Johannesburg (33,9%) and Pretoria (66,1%). It has a large residential... read more
 
ODD LOTS
Transactions in shares in quantities other than round hundreds. With the advent of on-line trading and the further computerisation of the JSE, the need for a distinction between "odd lots" and... read more
 
OFF FARM
The amount of stock held by non-producers including supplies held at mills, elevators, terminals, and processors.
 
OFFER
An indication of willingness to sell a a share at a given price; the opposite of Bid.
 
OLD MUTUAL LTD
01- 06 - 2020
Old Mutual (OMU) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments... read more
 
OLG
10 - 02 - 2020
OneLogix (OLG) is a logistics company which listed on the JSE in 2004. The company has three divisions - cross-border delivery of new cars (47% of turnover), auto-logistics... read more
 
OLIGOPOLY
An industry which is dominated by a few very large players who co-operate on the fixing of prices and allocation of contract work. Price fixing and work allocation agreements are a contravention... read more
 
OMN
23 - 06 - 2020
Omnia (OMN) is a diversified chemicals company supplying products to the agricultural, chemicals and mining industries in South Africa and 48 other countries. The Agricultural... read more
 
OMNIA HOLDINGS LIMITED
23 - 06 - 2020
Omnia (OMN) is a diversified chemicals company supplying products to the agricultural, chemicals and mining industries in South Africa and 48 other countries. The Agricultural... read more
 
OMU
01- 06 - 2020
Old Mutual (OMU) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments... read more
 
ON FARM
The amount of stock held by producers.
 
ON-BALANCE VOLUME
This was the first volume-based technical method developed by Joseph Granville. The method begins with an arbitrary total like 100 000 to which the positive volumes are added and the negative... read more
 
ONELOGIX GROUP LIMITED
10 - 02 - 2020
OneLogix (OLG) is a logistics company which listed on the JSE in 2004. The company has three divisions - cross-border delivery of new cars (47% of turnover), auto-logistics... read more
 
ONLINE TRADING
Buying and selling of securities over the Internet. A number of stockbroking firms are offering the ability to buy and sell shares over the internet. Brokerage is usually less than for trades... read more
 
OPEC
Commonly known as OPEC, this consists mostly of Arab countries that control the bulk of the world's oil exports. OPEC has managed in the past to increase oil prices by restricting supply, but... read more
 
OPEN
The price of the first transaction of the day in any share or security. The opening price is critical to the drawing of candlestick charts. If the market closes above its opening then the bulls... read more
 
OPEN INTEREST
The total number of futures or options contracts of a given commodity that have not yet been offset by an opposite futures or option transaction nor fulfilled by delivery of the commodity or... read more
 
OPEN MARKET OPERATIONS
The buying and selling of government securities (mainly bonds) in the open market by the Reserve Bank in order to control the money supply. Doing this allows for the amount of money in the banking... read more
 
OPEN ORDER
An order still pending or on the books to buy or sell securities, but not yet executed. An open order will remain in effect until it is either executed or cancelled or subject to validity constraints... read more
 
OPEN OUTCRY
A method of public auction for making bids and offers in the trading pits of futures exchanges. Stock exchanges also used to operate this way, but today most are electronic, with the notable... read more
 
OPEN TRADE EQUITY
The gain or loss on open futures positions.
 
OPENING CALL
A period at the opening of a futures market in which the price for each contract is established by outcry.
 
OPENING PRICE
The price of the first transaction of the day in any share or security. The opening price is critical to the drawing of candlestick charts. If the market closes above its opening then the bulls... read more
 
OPENING PRINT
The first price of a stock that comes across the ticker for a trading session.
 
OPENING RANGE
The range of prices that occur during the first 30 seconds to five minutes of trading, depending on the preference of the individual analyst.
 
OPERATING CASH FLOW
The amount of cash which a company brings in from its sales or turnover minus interest, taxation and dividends paid, and excluding income from investments. This is used to calculate the company's... read more
 
OPERATING INCOME
An income statement item usually immediately following the statement of turnover, but not directly linked to it by calculation. Because finance costs are normally shown on the face of the income... read more
 
OPPORTUNITY COST
Income foregone by the commitment of resources to another use. For example, if you use some of your capital to buy shares then you suffer the opportunity cost of not being in a fixed interest... read more
 
OPTIMISATION
A methodology by which a system is developed with rules tailored to fit the data in question precisely. A computer program can test every moving average from 1-day to 200-day, buying and selling... read more
 
OPTION CONTRACT
An option contract which gives the buyer the right, but not the obligation, to buy or sell a specified quantity of a commodity or a futures contract at a specific price within a specified period... read more
 
OPTION HOLDER
An investor who holds (owns) an option.
 
OPTION PREMIUM
The price a buyer pays (and a seller receives) for an option. Premiums are arrived at through open outcry. There are two components in determining this price -- extrinsic (or time) value and... read more
 
OPTIONAL CASH PURCHASE
Buying additional shares made through the dividend reinvestment account.
 
ORDER
 
ORDINARY RESOLUTION
A resolution which requires the approval or 50% or more of the voting shares of a company. Typically this would be the appointment of directors, approval of employment equity schemes and other... read more
 
ORDINARY SHARE
Also sometimes called "equity" shares, these shares share in the profits and risks of the company. Unlike the fixed dividend paid to preference shareholders, the ordinary dividend is decided... read more
 
ORDINARY SHARE CAPITAL
Capital of a company represented by the number of its ordinary shares.
 
ORDINARY SHAREHOLDERS' FUNDS
The funds which the ordinary shareholders have in a company. This can normally be calculated by subtracting the company's liabilities from its assets. Shareholders' funds is a critical element... read more
 
ORE
08 - 10 - 2019
This is a real estate investment trust that was suspended on the JSE in October 2018 because it had not produced audited financial statements by the deadline. On 29th March... read more
 
ORGANIC GROWTH
This is growth from within the company's existing businesses - as opposed to growth by acquisition. Both types of growth can be good, but growth by acquisition is generally more risky because... read more
 
ORGANISATION OF PETROLEUM EXPORTING COUNTRIES
Commonly known as OPEC, this consists mostly of Arab countries that control the bulk of the world's oil exports. OPEC has managed in the past to increase oil prices by restricting supply, but... read more
 
ORION MINERALS LIMITED
29 - 05 - 2020
Orion Minerals (ORN) is an Australian exploration company which is listed on the JSE and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper... read more
 
ORION REAL ESTATE INVESTMENT TRUST LTD
08 - 10 - 2019
This is a real estate investment trust that was suspended on the JSE in October 2018 because it had not produced audited financial statements by the deadline. On 29th March... read more
 
ORN
29 - 05 - 2020
Orion Minerals (ORN) is an Australian exploration company which is listed on the JSE and on the Australian Stock Exchange in Sydney. It is trying to find funding for its copper... read more
 
OSCILLATOR
A statistical term which refers to an indicator which moves above and below a set level - usually zero. Many line indicators are oscillators - like the Overbought/Oversold (OB/OS) and the MACD.... read more
 
OTC MARKET
Over-the-counter market - a market which is normally not licensed or an informal market for the trading of securities. There is therefore no formal settlement through a clearing house nor is... read more
 
OUT-OF-THE-MONEY OPTION
 
OUTSIDE DAY
A bottom candlestick reversal signal, this is a two candlestick pattern consisting of a large green candle enveloping a preceding red candle. This pattern implies that the trend is likely to... read more
 
OUTSIDE REVERSAL MONTH
A month in which the recent monthly trading range exceeds the previous month's range and closes opposite (reverses) the previous month's close.  
 
OUTSIDE SHAREHOLDERS
A shareholding of less than 50% of the total issued share capital of a company. Companies work on the principle of majority rule - decisions are made by the majority of votes in the company.... read more
 
OVER INVESTING
Beginners in the share market are typically guilty of over-investing in two ways - either they put too great a percentage of their available funds into a single trading idea, or they commit more... read more
 
OVER-PRICED
This describes a share which has a market price in excess of its "real" value - in the opinion of the person who uses the term. The real value of a share is always a matter of opinion, and at... read more
 
OVER-REACTION
A situation which arises after news concerning a share is disseminated and investors push the price to levels beyond reasonable discounting of the news - i.e. they over-react. Such situations... read more
 
OVER-SUBSCRIBED
When a company raises new capital by selling shares to the public they invite applications for a limited quantity of shares. If the company is perceived as having a bright future, then sometimes... read more
 
OVER-SUBSCRIPTION
This occurs where the applications for a new issue of shares exceed the number of shares available for issue. This often happens because the shares are offered to the public at a price below... read more
 
OVER-THE-COUNTER
Trading of shares which are not listed on a formal stock exchange. In America there are about 80 000 companies that trade their shares in this manner - mostly small "mom-and pop" outfits which... read more
 
OVERALL INDEX
All stock exchanges have indexes which provide averages of the prices of their listed shares. These averages are normally "weighted" so that larger companies are more important and smaller companies... read more
 
OVERBOUGHT/OVERSOLD INDICATOR
An indicator that attempts to define when prices have moved too far and too fast in either direction and thus are vulnerable to a reaction. The OB/OS indicator is calculated by expressing the... read more
 
OVERFITTING
The parameters of a trading system are selected to return the highest profit over the historical data.
 
OVERSOLD
Market prices that have declined too steeply and too fast.