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Hong Kong stock trading is based on board lots. Quantities less than one lot are all classified as odd lots. As the HKEx does not provide automatic trading for odd lots, transactions in odd lot involve cumbersome steps. I-Access Odd Lot Board provides a convenient way of odd lot trading, changing from manual to automatic. Clients can buy or sell odd lots anytime. Sources of odd lots can be from the following circumstances:
1. Bonus share distribution,
2. Scrip dividend,
3. Rights issue,
4. Share consolidation,
5. Share exchange, or
6. Change in board lot size, etc.
On the other hand, the lot value of large blue chips normally exceeds tens of thousand dollars, or over a hundred thousand dollars. A typical retail investor cannot afford to participate. In view of this, I-Access Odd Lot Board provides the odd lot trading in all HSI and H-share Index constituent stocks. Clients can trade any quantity less than one lot during market opens. Investors with investment amounts insufficient to purchase one lot can buy odd lot instead to lock the price, using the average purchase method to reduce the overall costs. Most of the companies of index stocks which are engaged in stable businesses, coupled with regular dividend distributions, are the best targets for long-term investment or retirement income.
Clients can also sell the odd lot holdings at I-Access Odd Lot Board. With the zero commission, the returns of our clients are the best.
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