Frequently Asked Questions
FrequentlyAsked Questions
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This difference is explained by how market orders work and stock market price dynamics. Here’s what you need to know:
1. Market Orders:
- When you place a market order, you specify an investment amount rather than a fixed price
- The initially displayed number of shares is an estimate based on the last known price
- The final number of shares will depend on the actual execution price when your order is processed
2. Practical Example:
- You want to invest 100,000 FCFA
- Estimated price: 2,500 FCFA per share (estimate: 40 shares)
- Actual execution price: 3,125 FCFA per share
- Result: 32 shares purchased
3. Why This Happens:
- Stock prices fluctuate constantly
- For in-demand stocks, the execution price may be higher than the last displayed price
- The system automatically adjusts the number of shares to respect your investment amount
4. How to Have More Control:
- Use limit orders if you want to specify a maximum price (there is no guarantee your order will be filled on the market)
- Monitor stock liquidity and volatility before investing
- Check recent price trends
5. Important to Note:
- This situation is normal and part of how stock markets function
- Daba always strives to obtain the best possible execution for your order
- Transaction confirmations always indicate the actual execution price and final number of shares
For more information about order types and how they work, please consult our comprehensive guide on stock market orders.