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Can anyone explain, dear experts?
$OCBC Bank (O39.SG)$ Does anyone know why this stocks is acting so strangely today? It shows that the closing price yesterday was 12.04, but it wasn't actually 12.04. Also, the 52-week high is 12.36, but I bought it a few days ago for 12.38. Was it outside the 52-week range a few days ago?
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valuein : It looks the div is deducted in the algorithm for all data including historical data, I personally think it would be appropriate not to let div affect all historical data
天天牛市冲天 OP valuein : Thanks!
101754615 valuein : It is standard practice in SGX that the share price will drop by the dividend amount on Ex Dividend date. This is not a Moomoo issue
valuein 101754615 : It is no question that the share price drops by the dividend amount on ex-date, not sure it is necessary to change all historical price data by the dividend amount? as it might create a confusion for someones who bought it at the price now not shown anymore in the chart, I guess there should be an alternative way which deduct the div amount on price data from ex-date onwards
101754615 valuein : Actually it is better to reflect actual price after dividend drop after ex div date. Otherwise it would give novice investors a false impression that they enjoyed both dividend and higher share price.
102958092 : The dividend is on the day after the dividend, and the dividend is 0.25, so 0.25 will be deducted today