Stock Market

Corporations are listed on country-specific stock exchanges. Players can buy and sell shares, receive dividend income, and speculate on corporate performance. Each country has its own exchange showing corporations headquartered there.

Exchanges

Country	Exchange	URL
United States	NYSE	/stockmarket/us
United Kingdom	FTSE	/stockmarket/uk

Exchange pages display: market cap, share price, total revenue, net income, CEO, sector type, and headquarters location. Price history is shown as OHLC candlestick charts (open, high, low, close per period).

Share prices are computed each turn using a blended formula:

sharePrice = 0.15 × previousPrice
           + 0.60 × balanceSheetPrice
           + 0.25 × incomePrice

Balance sheet price:

balanceSheetEquity = liquidCapital + income + sectorNPV + portfolioAnchor
balanceSheetPrice = balanceSheetEquity / totalShares

Where sectorNPV values each sector at its annual profit / 25% discount rate, and portfolioAnchor includes held bonds and cross-corp stock at market value.

Income price:

annualIncome = incomePreDividends × turnsPerYear
rawIncomePrice = (annualIncome / totalShares) × 6   (P/E multiple of 6)
incomePrice = min(rawIncomePrice, balanceSheetPrice × 4)   (cap at 4× book)

Constants:

Constant	Value
P/E multiple	6
Income price cap	4× book value
Minimum share price	$0.01
Momentum weight	15%

The 15% momentum component prevents wild single-turn swings. The income price cap (4× book) prevents hyper-profitable corporations from reaching unlimited valuations.

Buying and Selling Shares

From any corporation page, navigate to the Shares tab.

Market Orders

Buy or sell immediately at the current market price through the system's market maker. Fills instantly with infinite liquidity.

Limit Orders

Place a buy or sell order at a target price. The order sits on the book and fills automatically when the market price crosses your limit. You can set an optional expiry (cancel after N turns if unfilled).

Buy limit orders: Funds are held in escrow until filled or cancelled
Sell limit orders: Shares are reserved until filled or cancelled

Partial Fills

If insufficient liquidity exists at your limit price, the order fills partially — the matched portion executes, the remainder stays open.

Dividends

The CEO sets a dividend rate (0–100% of after-tax income). Dividends are paid to all shareholders each turn in proportion to their share count. Higher dividend rates attract income-focused investors but reduce the corporation's reinvestment capacity.

Dividend rate changes have a 24-hour cooldown before another change can be made.

Public issuance: Issue up to 50% of outstanding shares to the public float (dilutes existing shareholders)
Self-issuance: Issue shares to yourself as CEO at a 15% premium; proceeds go to corporate liquid capital

Stock Splits and Reverse Splits

The CEO can change the total share count via a split or reverse split. All shareholders and the public float are scaled proportionally — ownership percentages stay the same, market cap is unchanged. Share price scales inversely to keep total value constant.

Forward split: Up to 100× current total shares
Reverse split: Down to a minimum of 1,000,000 total shares
Cooldown: 48 turns between changes
Open orders: Any open share orders on the corporation are auto-cancelled and refunded when a split occurs

CEO Elections (Shareholder Vote)

When the CEO office is contested, shareholders vote for candidates. The vote is weighted by shares — 500 shares = 500 votes, not one vote per holder. Only characters residing in the corporation's headquarters state can be candidates or accept the CEO role.

Stock Exchange Index

The exchange page shows aggregate stats for all listed corporations:

Total market capitalization
Average share price movement
Top movers (largest price % change)

National GDP growth is influenced by corporate sector growth rates, so a healthy stock market generally reflects a growing economy — and vice versa.

Currency

Each exchange displays values in that country's currency. If you hold shares in a UK corporation, dividends are paid in GBP. After the forex system is enabled, you can set a per-holding income preference: receive dividends in GBP (default) or auto-convert to your home currency at a 0.275% spread.

Strategic Considerations

Income investors: High-dividend corporations pay consistent per-turn income. Look for profitable, stable sectors with CEOs who maintain high dividend rates.

Growth investors: Low or zero dividend corporations reinvest profits into expansion. Share price appreciation comes from rising balance sheet value and income.

Speculation: Share prices lag economic events by 1–2 turns due to the momentum component. If you anticipate a subsidy bill passing or a major sector entering a state, position before the price moves.

Influence: Owning enough shares gives you a voice in CEO elections. A 25%+ stake can swing a contested vote.