A close refers to the final price at which a security is traded at the end of a trading session. It is also known as the closing price. The closing price is used to determine the value of an investment at the end of a trading day.
In stock markets, the closing price is the last price at which a stock is traded on a given day. It is used as a reference point for the value of the stock, and it is also used to calculate various financial metrics such as the return on investment.
The closing price is important because it is used to determine the net asset value of a stock or a fund, and it is also used to calculate the return on investment. Additionally, the closing price is used as a reference point for the next trading day, and it’s used in technical analysis to identify trends and patterns.
It’s important to note that the closing price does not always reflect the true value of a stock or an investment, as it can be affected by various factors such as market conditions, news events, and insider trading. Additionally, the closing price is different from the intraday price, which is the price of a stock throughout the day, as it reflects the price at the end of the trading day.