Stock Trading

Trading Time

 

Trading Time

The trading hours of Hong Kong securities market are:

Session Trading Hours
Pre-opening Session 9:00 a.m.—9:30 a.m.
Morning Session 9:30 a.m.—12:00 noon
Extended Morning Session 12:00 noon—1:00 p.m.
Afternoon Session 1:00 p.m.—4:00 p.m.
 

Trading Date

Trading is conducted on Monday to Friday (excluding public holidays). Please note that there is no Extended Morning Session and Afternoon Session on the eves of Christmas, New Year and Lunar New Year. There will be no Extended Morning Session if there is no Morning Session. If a Typhoon Signal or Black Rainstorm Waring has been issued, please refer to news reports for trading hours.

For the holiday schedule of the Hong Kong securities market, please refer to:
http://www.hkex.com.hk

Order Types Main Functions
At-auction Limit Order (AL)
9:00a.m - 9:15a.m
The orders are placed with a specific price during the Pre-opening Session and matched at the Indicative Equilibrium Price (IEP). Any outstanding AL order at the end of the Pre-opening Session will be carried forward to the Continuous Trading Session (10:00 a.m.—4:00 p.m.). Any AL order input or cancellation of AL orders after 9:15 a.m. will be rejected by the system.
At-auction Order (AO)
9:00a.m - 9:20a.m
An order with no specific price and is matched at the final IEP. If there is no IEP, the AO will not be displayed.
Enhanced Limit Order (EL)
10:00a.m - 4:00p.m
The orders are placed with a specific price during the Continuous Trading Session and an EL order will allow matching of up to 10 price queues at a time provided that the traded price is not worse than the input price. Any outstanding EL order will be treated as a limit order and put in the price queue of the input price.
Special Limit Order (SL)
10:00a.m - 4:00p.m
The orders are placed with a specific price during the Continuous Trading Session and an SL order will allow matching of up to 10 price queues at a time provided that
Limit Order (LO) The orders are placed with a specific price during the Continuous Trading Session
 

Spread Table

Clients are only allowed to place selling and buying orders according to the price of the stock at a specific price difference.
(For example: if the market price of a stock is HKD 10, then the range of the selling and buying orders is HKD 9.98—HKD 10.02.)

Market Price (HKD) Price Difference (HKD)
0.01 0.001
0.25 0.005
0.50 0.010
10.00 0.020
20.00 0.050
100.00 0.100
200.00 0.200
500.00 0.500
 

For more information, please refer to the HKEX website:
http://www.hkex.com.hk