Day Trading

Chart of the Week: China IPOs favouring same-day trading

Chart of the Week: China IPOs favouring same-day trading

China's initial public offerings have rewarded investors for selling shares on the first trading day while penalising longer-term holders, a trend that's pressuring regulators to curb insider advantages.

Monday, 31 December, 2012, 4:58am

Failure is not an option

'I locked in a profit of US$1,100 in one day during the training! Thank you Mirriam - the True Guru of Financial Freedom!' - Shamsheer Ahmed, Singapore

16 Jul 2012 - 12:00am

Choppy conditions mean trying times for debutants

Three mainboard listing debutants saw their shares trade flat yesterday, while a fourth, Qualipak International, saw a dismal 10.7 per cent drop on its first day.

Shanghai-based car dealer China Yongda Automobiles Services closed at HK$6.62 after trading 2.3 per cent lower than the issue price of HK$6.60 in intraday trading.

13 Jul 2012 - 12:00am

Blink, and you'll miss it: The blinding speed of trade

The blink of an eye lasts 300 to 400 milliseconds. And the last time you blinked, billions of dollars were made or lost through high-frequency trading - the lightning-speed, mathematics-driven, computer-based buying and selling of huge blocks of securities.

18 Mar 2012 - 12:00am

Shanghai has hit floor, say fund chiefs

Mainland fund managers believe the stock market bottomed out last week but are wary lest the huge impact from the US credit crisis would prevent the key index from climbing higher, a Securities Times survey shows.

23 Sep 2008 - 12:00am

Shanghai exchange official seeks end to daily trading limit range

A senior Shanghai Stock Exchange official yesterday called for daily trading limits on stock prices to be scrapped to allow prices to be more market driven.

Exchange deputy general manager Zhou Qinye said at a financial conference in Shanghai that the 10 per cent trading band set on daily stock price movements should be removed when conditions allow.

2 Nov 2007 - 12:00am

Corrections & clarifications

The Hong Kong Exchanges and Clearing's new closing auction system means trading hours will be extended by approximately 10 minutes, not 20 minutes as reported yesterday. On a normal trading day, there will be only one 10-minute auction from 4pm. A 12.30pm closing auction will be held only when there is half-day trading, such as Christmas Eve, New Year's Eve and Lunar New Year's Eve.

21 Jul 2007 - 12:00am

Shanghai exchange proposes measures to boost trading

Changes include doubling share movement limit, day trading and expansion of short-selling activities

The Shanghai Stock Exchange has proposed to double the limit of daily share price movements, allow day trading and expand short-selling activities, in moves that will boost market turnover and increase volatility.

14 Mar 2007 - 12:00am

HKEx rejects plan to narrow spreads

Small brokers win 13-year fight after exchange board votes against trading proposal for cheap stocks

The board of Hong Kong Exchanges and Clearing has handed the dwindling corps of small local brokers a victory by rejecting a proposal to narrow trading spreads for the almost 700 stocks that trade at less than HK$2.

15 Feb 2007 - 12:00am

BOC storms to 15pc gain on first day of trading

Stock bucks trend as investors show faith in banking giant despite market slide sparked by US interest rate fears

Bank of China, the mainland's second-largest lender, surged a better than expected 15.25 per cent in its trading debut yesterday as fund managers snapped up shares they had failed to win in the bank's heavily oversubscribed initial public offering.

2 Jun 2006 - 12:00am

Four accused of illicit trading in Gay Giano shares

The police have charged four people with allegedly manipulating the share price of Gay Giano International Group, leading to 20 brokers suffering losses of HK$39.3 million.

An investment company run by the four is alleged to have heavily traded the shares of the fashion retailer between June and September last year.

30 Oct 2001 - 12:00am

Futures index

The stock and index futures markets yesterday traded within a 100-point band for the first time in three weeks - a sign that the irregularities caused by the official intervention may be fading.

September index futures closed up 215 points at 8,110, a 79.25-point discount to the Hang Seng Index, compared with gaps of several hundred points since late last month.

9 Sep 1998 - 12:00am

Lai Fung gets late support

A rush of buying orders at the close of trading turned an otherwise depressed debut for Lai Fung Holdings into a heartening first-appearance.

Lai Fung managed to close at $2.85, slightly up on its issue price of $2.80.

After opening at $3, the shares plunged to a low of $2.35, and for most of the day traded around the $2.50 level.

29 Nov 1997 - 12:00am

Last-gasp bid to hold 10,000 lacks impetus

THERE are fewer than eight hours of trading left before the end of the year and brokers remain mixed over whether the Hang Seng Index will finish above 10,000.

The index has closed above 10,000 only twice since reaching the mark for the first time in 13 months in mid-October. It has proven singularly unsuccessful in sustaining itself above the level since.

28 Dec 1995 - 12:00am

Weaker bonds set trend

SHARE prices turned marginally lower in active trading early yesterday, pressured by weak bonds as the market made another attempt at resuming its trek towards record levels after a two-day stall.

10 Feb 1995 - 12:00am