Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-10-06
A securities trading within the price changes from time to time, whether the admission price is how to calculate it? Hong Kong Stock Exchange is now expressly provides that the Securities spot market, the closing price is calculated.
Under normal circumstances, the Exchange's trading system will be in each trading day in the last minute, that is, 15:59 is beginning, every 15 seconds recording a nominal price of securities, a total of five nominal price record , and a closing price of the securities will be recorded in the middle of the five nominal price calculated.
What is the nominal price it? If a securities in continuous trading session or transaction within a transaction before the end of the case, nominal price is generally the last recorded sale prices. However, in certain circumstances, such as the securities trading session in the day there is no deal, according to "Exchange Rules" Article 101, the calculation of nominal price will depend on the buying price of the securities at the time, put price or on disc trading day closing price. Nominal price of the detailed calculations are contained in the exchange rules. The use of a nominal price to calculate the closing price of securities is because the nominal price can reflect the securities at a particular time value.
The following examples will serve to further explain a closing price of securities is calculated:
To 5 nominal price from low to high order, in which the price is the closing price in the middle. In this example, five nominal price arranged from low to high, respectively 39.30 Hong Kong dollars, 39.40 Hong Kong dollars, 39.40 Hong Kong dollars, 39.50 Hong Kong dollars and 39.50 Hong Kong dollars, the median price of 39.40 Hong Kong dollars, so the closing price is set at 39.40 Hong Kong dollars. This method of calculating the closing price of the advantage of simplicity, can be avoided entirely dependent on the closing price last traded price of a transaction can ensure that the closing price will not be from a single transaction or a transaction affected by the size becomes unreasonable.
