Share Name Share Symbol Market Type Share ISIN Share Description
New India Investment Trust LSE:NII London Ordinary Share GB0006048770 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -0.74% 403.00p 403.25p 406.50p 403.25p 403.00p 403.25p 33,933 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.4 -0.6 -1.1 - 238.05

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Date Time Title Posts
11/10/201622:06New India Inv Trust20
22/5/201519:27New India Inv Trust94

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New India Investment Trust (NII) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
27/10/2016 17:15:05405.0010,00040,500.00O
27/10/2016 17:15:05410.0011,13645,657.60O
27/10/2016 16:35:13403.001664.48UT
27/10/2016 16:28:08403.25243979.90AT
27/10/2016 16:28:08403.25179721.82AT
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New India Investment Trust Daily Update: New India Investment Trust is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker NII. The last closing price for New India Investment Trust was 406p.
New India Investment Trust has a 4 week average price of 400.60p and a 12 week average price of 392p.
The 1 year high share price is 413p while the 1 year low share price is currently 276p.
There are currently 59,070,140 shares in issue and the average daily traded volume is 31,456 shares. The market capitalisation of New India Investment Trust is £238,052,664.20.
hpcg: jkc147 - the discount, or premium is simply a feature of Investment Trusts. These are close ended and listed. The close ended part means that the number of units (shares) is fixed and the size of the assets managed does not vary as investors transfer ownership by trading shares. Just like other companies additional shares can be created with a secondary offering, and shares can be cancelled by company buy backs. Some ITs do buy backs as a means of managing the discount to NAV. A listed entity can have any share price irrespective of underlying asset value. Open ended vehicles such as funds the NAV of the units is the same as the value of units. Every time someone buys into a fund a new unit is created and new assets purchased. When units are sold assets also have to be sold to pay out the cash. Hargreaves Landsdown has charts which show the discount and premium variation over time. Buying at an unusually low discount and selling at a premium are ways one can get additional returns beyond the underlying performance of the trust. In my opinion the discount here is related to dollar strength and fear of "emerging markets". However India is the diametric opposite of Brazil and Russia as a resource importer rather than an exporter, and has catching up to do on China which is blowing out its infrastructure bubble. In my opinion India could be in a multi-year bull run and Aberdeen are successful managers in Asia. I expect India to become fashionable again and for the discount to close, and likely trade at a premium.
New India Investment Trust share price data is direct from the London Stock Exchange
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