You might be wondering that what an odd lot in the stock market is. If yes, then you must grab some basic information about this lot so that you can experience various trades or shares, which are also known as less than one lot. The people who consider connecting with 碎股(Odd lot)must be aware of the various hours used to complete one stock investment. The smallest trading unit for an order on the order matching system of the Hong Kong stock exchange machine is one lot.
In the stock market of Hong Kong, people usually consider having one odd lot as it helps them have a significant impact on their profit-earning capacity. In each lot, the number of stocks is determined by the stock price; one load can be made up of 100 shares, 500 shares, 1000 shares, and 2,000 shares. Therefore, people can consider connecting with one lot as per their requirements. However, before connecting with a lot, you must learn about various hours considered for an odd lot of stock trading. Once you learn about the timings, it will be easy for you to get involved in the stock market.
- Five, the Order Type of Odd Lot
The first and most famous odd lot trading hours that you can consider are five, which is considered the odd lot. Under this category of odd-lot hours are only limited or enhance one by order. Odd lots can be traded during regular trading of Hong Kong stocks from 9:30 a.m. to 12 p.m. on the trading day and 1:00 p.m. to 4:00 p.m. There is no auction period of the monitoring market under odd lot that can distract investors from investing in various stocks.
- Six, the Number of Odd Shares Bought and Sold
Another most famous hours that you can consider for connecting with 碎股 (Odd lot) is 6, which is considered the number of all the bought and sold shares. Under this category, the exchange of stocks stipulates the number of shares that are purchased and sold. Furthermore, it ensures that the purchased and sold stocks shall not exceed one lot. Therefore, when you consider selecting odd-lot order trading, make sure that the order shall not exceed one lot; otherwise, it will get rejected.
- Seven, Odd Lot Price Restrictions
The people who consider learning about the various hours of odd-lot then must pay attention to the 7 hours, which is considered for odd-lot price restrictions. Under this category, the exchanges that take place for buying and selling shall not deviate from 9 times the market price. The transactions related to stocks are manually matched and are not automatically matched by the system.
Final Verdict
When you complete reading the information, then it will help you to have a great impact on your knowledge. Once you understand the various hours provided by 碎股(Odd lot), it will be easy for you to consider and experience various buying and selling of stocks. Under one lot, make sure that your trading will not go above one lot; otherwise, it will get rejected.
