S

Score The acronym for "System on Computerised Order Routing and Execution", the automated trading system of the Kuala Lumpur Stock Exchange.
Scrip Share certificate.
Securities The generic term for any instrument traded on a stock exchange.
Securities Industry Act 1983 The Act of Parliament governing the business of dealing in securities, stock exchanges and related matters in Malaysia.
Securities Commission Established by the Ministry of Finance to streamline the activities relating to equity and futures markets.
Securities Commission Act 1993 The Act of Parliament under which the Securities Commission was established on 1 March 1993.
Securities Industry (Central Depositories) Act 1991 The Act of Parliament which governs the activities relating to the Central Depository.
Share In relation to a company, a security representing a portion of the holder's capital in that company.

There are basically two types of shares, namely ordinary shares and preference shares.

Ordinary shares give holders the rights of ownership of the company, such as the right to share in the profits of the company by way of dividend, the right to vote in general meeting and to elect and dismiss directors.

Preference Shares have a preferential position over ordinary shares, in regard to the payment of dividends and the division of the company's assets. Some preference shares may have a cumulative entitlement in that dividends not paid can be carried forward and must be paid prior to an ordinary dividend payment or distribution on liquidation. Some preference shares are "participating" with ordinary shares in all dividend above a set rate, in addition to their own preferential dividend rate.

Other preference shares are redeemable at a certain date.
Share Split When a company reduces the paid or face value of its shares, and issues further shares in the same proportion i.e. 100,000 RM 2 ordinary shares would be split into 200,000 RM 1 ordinary shares.
Short Selling The action of a person selling shares which he does not own at the time of selling.
Stag One who applies for a new security with the intention of selling it at the first available opportunity.
Stockbroker An agent who buys and sells shares on behalf of his clients and is paid brokerage or commission for his services.
Stock Exchange An organisation providing the market-place or facility for the buying and selling of stocks and shares.
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