BYD: board lot size from 500 H shares changed to 100 H shares
In a significant move, BYD Company Limited (01211.HK) has announced a reduction in its board lot size from 500 H shares to 100 H shares. This change, effective immediately, aims to enhance liquidity and market efficiency, according to the company's latest regulatory filings [NUMBER:1].
The new board lot size is expected to facilitate smoother trading and reduce the impact of large blocks of shares on market prices. This adjustment comes at a time when the company's stock has shown robust performance, with a 2.400% increase in share price on the day of the announcement, driven by strong short selling activity [NUMBER:1].
The change in board lot size is part of a broader trend in the Hong Kong market to increase liquidity and attract more retail investors. This move aligns with the broader regulatory goals to foster a more dynamic and responsive market environment.
Investors are advised to monitor the impact of this adjustment on BYD's trading activity and market sentiment in the coming days. As always, it is recommended to consult with financial professionals for personalized investment advice.
References:
[1] http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1466261/recommend-news/AAFN
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