The price at which shares are quoted at the close of any day's Stock Exchange dealings. The prices can be found in the official list, published daily by ihe Stock Exchange. Two prices are given for any share. This is because a market-maker always quotes two prices: one for buying and one for selling.
When shares are being valued the mean price is usually taken. The closing prices are also given in certain daily newspapers. The list is not necessarily complete as the option of publication lies with the company. The price given in the newspaper may be in double form, or may be the middle market price.
|Reference: The Penguin Business Dictionary, 3rd edt.|