H.K. Stock Trading
Trade on the Hong Kong stock market 24 hours a day with our one-stop, hassle-free service
Enjoy flexible and customised stock trading capabilities with HSBC's 24-hour order placement services, secured credit facilities, and real-time stock market information.
HSBC Internet Banking Users
Important notice: From mid-July 2018, we will be sending notification to you on execution of trades you conduct online or via our mobile apps. Please ensure that you have provided us with a valid mobile phone number to receive such notification via SMS, or you will not be able to trade online or via our mobile apps after mid-July. You can update your mobile phone number via Personal Internet Banking or any HSBC branches in HK. View www.hsbc.com.hk/inv-sms/ for details.
The RMB charges shown are applicable to RMB denominated stock and nominee service & corporate actions involving RMB.
|Service Item||Rate||Minimum Charge|
|Buying and selling securities (including equity linked instruments)|
||0.25% of transaction amount||HKD100/RMB100|
||0.4% of transaction amount for HSBC Premier customers||HKD100/RMB100|
|Stamp duty (collected for HKSAR Government)||0.1% of transaction amountFootnote4 (rounded up to the nearest dollar)||--Not Applicable|
|Transaction levy (collected for the Securities & Futures Commission of Hong Kong)||0.0027% of transaction amountFootnote4||--Not Applicable|
|Investor compensation levy (collected for the Securities & Futures Commission of Hong Kong)||0.002% of transaction amount (suspended by the Securities & Futures Commission of Hong Kong from 19 Dec 05)||--Not Applicable|
|HKEx trading fee (collected for the Stock Exchange of Hong Kong Ltd.)||0.005% of transaction amountFootnote4||--Not Applicable|
|Deposit transaction charge (for purchase transaction only)||HKD5/RMB5 per board lot (maximum charge:HKD200/RMB200)
Waived if the same stocks are purchased and then sold on the same trading day or the subsequent trading day (T or T+1)Footnote5
|Italian Financial Transaction Tax (IFTT) - for purchase of eligible Italian companies with market capitalization of more than Euro 500m and listed in Hong Kong, effective from 1 March 2013 (Collected for Italian Government)||0.1% on the net settlement amount for trades settled on 6 Sep 2016 and thereafter
(Tax deduction from the intraday netting permitted based on the weighted average purchase price and the net purchase share quantity executed on the same day)
|Italian Financial Transaction Tax (IFTT) - for purchase and sale of eligible Italian derivatives (including warrants/CBBCs) listed in Hong Kong, (Collected for Italian Government)||€0.125 for each transaction amounted €0 - €2,500; €0.25 for each transaction amounted €2,500 - €5,000; €0.50 for each transaction amounted €5,000 - €10,000; €2.5 for each transaction amounted €10,000 - €50,000; €5 for each transaction amounted €50,000 - €100,000; €25 for each transaction amounted €100,000 - €500,000; €50 for each transaction amounted €500,000 - €1,000,000; €100 for each transaction amounted higher than €1,000,000 Notes: 1. No intraday netting permitted for Italian derivatives 2. Prevailing euro exchange rate at ECB (European Central Bank) will be referred to determine the corresponding tax tier as the HK listed Italian derivatives are denominated in HKD 3. Tax will be deducted from customer's HKD account on settlement date at the Bank's prevailing exchange rate||--Not Applicable|
|Receipt and delivery|
|Receipt and delivery through Central Clearing and Settlement System (CCASS)|
||HKD5/RMB5 per board lot||HKD30/RMB30 per stock per transaction|
|Physical scrip deposit and withdrawal|
HKD2.5 per board lot
|Transfer deed stamp duty(if applicable):HKD5 for each transfer deed||--Not Applicable|
||Transaction charge: HKD5 per board lot||HKD30 per stock per transaction|
|Scrip fee: HKD2.5 per board lot||--Not Applicable|
|Transfer deed stamp duty(if applicable):HKD5 for each transfer deed||--Not Applicable|
|Receipt and delivery involving change of beneficial ownership|
||0.1% of transaction amountFootnote4, or the single rate of 0.2% of transaction valueFootnote4 for both parities (rounded up to the nearest dollar)||--Not Applicable|
|Safe Custody Service|
|HSBC Premier, HSBC Premier Junior Pack, HSBC Advance and Personal Integrated Account||HKD25 monthly for each customer account which has a securities transaction record(s) or securities holding in the 1 month period on or before the 1st of the following month.The fee is due and payable on or before the 20th of the following month on a day determined by the Bank from time to time. If that day falls on the 1st of the month and is not a business day, the fee may be collected on the business day which immediately precedes that day, subject to the decision of the Bank. The fee is payable upon closure of accounts where the account is closed before the above payment dates.||--Not Applicable|
|General securities accounts||HKD30 monthly for each customer account which has a securities transaction record(s) or securities holding in the 1 month period on or before the 1st of the following month. The fee is due and payable on or before the 20th of the following month on a day determined by the Bank from time to time. If that day falls on the 1st day of the month and is not a business day, the fee may be collected on the business day which immediately precedes that day, subject to the decision of the Bank. The fee is payable upon close of accounts where the account is closed before the above payment dates.||--Not Applicable|
|Nominee service and corporate actionsFootnote6|
|Collection of cash and scrip dividend||0.5% of dividend amount (maximum charge: HKD2,500/RMB2,500)||HKD30/RMB30|
|Collection of bonus issue||HKD5/RMB5 per board lot(maximum charge: HKD200/RMB200)||HKD30/RMB30|
|Exercise rights||HKD5/RMB5 per board lot on received stocks resulting from exercising the right (maximum charge: HKD200/RMB200)||HKD30/RMB30|
|Warrant conversion||HKD50/RMB50 per transaction plus||--Not Applicable|
|HKD5/RMB5 per board lot on received stocks resulting from warrant conversion(maximum charge: HKD200/RMB200)||HKD30/RMB30|
|HKD5/RMB5 per board lot on received stocks resulting from shares consolidation/splitting(maximum charge: HKD200/RMB200)||HKD30/RMB30|
|Cash offers and other corporate actions with cash consideration||0.5% on each cash consideration(maximum charge: HKD2,500/RMB2,500)||HKD30/RMB30|
|Equity linked instruments at maturity|
||0.2% of cash received(maximum charge: HKD300)||--Not Applicable|
||HKD5 per board lot(maximum charge: HKD200)||HKD30|
|Stamp duty (collected for HKSAR Government):0.1% of transaction amountFootnote4 (rounded up to the nearest dollar)||--Not Applicable|
|Handling charge for dividend claims||HKD300 per claim by our nominee company per distributionFootnote1||HKD30|
|0.5% on cash dividend||HKD30|
1Applicable to HSBC Premier, HSBC Advance and Personal Integrated Account customers and general securities account customers with account number ended with '381'.
2Brokerage fee is calculated based on the total transaction amount of each order every trading day.
3Applicable to HSBC Premier customers only.
4Stamp Duty, Transaction levy and HKEx Trading Fee, will be collected in RMB or HKD equivalent (according to official exchange rate ) for RMB denominated stock as determined by the bank.
5If there is more than one purchase transaction executed on a trading day (T) and/or the next following trading day (T+1), the sale transaction will first be matched with all purchase transactions executed on T based on their size, starting from the one with the largest quantity of purchased shares. After that, any unmatched sale shares will be matched with purchase transactions executed on T+1 based on their size, starting from the one with the largest quantity of purchased shares. Remaining shares of matched purchase transactions (if any) and/or unmatched purchase transactions (if any) are still subject to the deposit transaction charge with a minimum of HKD30/RMB30 for each purchase transaction.
6 The charge applied is according to the transaction currency of the corporate action. For transaction currency other than HKD or RMB, HKD charge or equivalent at the Bank's prevailing exchange rate will be applied.
For non-HKD payment such as cash dividend, when respective currency account is not available/provided for the corporate action at the time of the payment, payment will be paid in Hong Kong Dollar equivalent at the Bank's prevailing exchange rate to customer's default HKD account after charge deduction.
For market news, you may go to Market Information. For real-time stock quotes on local stock markets and more comprehensive market information, please log on to HSBC Personal Internet Banking which offers Market Live, our fee-based service for stock traders.
Using genuine streaming technology, Market Live provides you with detailed, real-time stock market information delivered to your computer automatically, including: Hong Kong stock prices (with complete information in a Teletext screen format), futures and indices, regional indices and news. Market Live also provides fundamental data of all listed companies such as 5-year annual reports, financial ratios, and charts. You can even set up your own investment portfolio and monitor the performance.
|Service Item||Rate||Minimum Charge|
|Local Securities Online Market Information Service Charges|
|Online real- time price quote||Free quote entitlement per month Premier customers: 1,000 quotesFootnote7 Non Premier customers: 500 quotesAn additional 300 quotes will be awarded in the following month for every HKD50,000 local securities turnoverCost per additional quote HKD0.1 per quoteFootnote8||--Not Applicable|
|Market Live serviceFootnote9||HKD380 per monthMonthly fee waiver One month fee waiver for every HKD1 million local securities turnoverFootnote10||--Not Applicable|
|Investment order confirmation and IPO update eAlerts||Free of charge||--Not Applicable|
|7 HSBC Premier customers can enjoy 1,000 free quotes for any particular month if they maintain their HSBC Premier account until the last day of that month.|
|8 The fee is due and payable on or before the fifth working day of the following month and is payable upon closure of accounts where the account is closed before the payment date. All unused quotes will be carried forward up to a maximum of 99,999 quotes with no expiry date.|
|9 Subscription to Market Live will be effective instantly and the first monthly fee will be debited from the customer's designated charge account within the two business days following the subscription day. This fee will be calculated on a pro-rata basis based on the number of days since and including the day of subscription versus the number of calendar days in that month. Subsequent monthly fees will be charged in advance on or before the fifth working day of each month.|
|10 The monthly fee waiver does not apply to the fee for the first month of Market Live subscription. A waiver of monthly fee will be awarded for every HKD1 million local securities turnover accumulated since Market Live subscription. Transactions to be included in the calculation of total turnover must be conducted through The Hongkong and Shanghai Banking Corporation Limited in Hong Kong and may be effected via any channel. Customers can enjoy monthly fee waivers for a maximum of six consecutive months only. For example, if a customer accumulates a turnover of HKD10 million in January, he/she earns six monthly fee waivers to be enjoyed from February to July inclusive. The HKD4 million in excess of the HKD6 million will neither be counted nor carried forward to the next month. Since a customer may only enjoy a maximum of six consecutive monthly fee waivers, even if he/she accumulates a turnover of HKD2 million in February, only HKD1 million would be counted towards the fee waiver such that he/she enjoys fee-free Market Live for the six months from March to August. The other HKD1 million will neither qualify for a fee waiver nor carried forward to the next month.|
There may be other fees, charges, levies, tax and interest that apply to certain securities or particular security trading services provided by the Bank that are introduced and/or charged by the relevant service providers, government or regulatory bodies. The Customer is fully responsible for such fees, charges, levies, tax and interest. Please make enquiry with the Bank for details. All charges are available upon request and are subject to revision without notice.
The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.
Customers can enjoy the free stock alerts service to manage stock portfolio anytime, anywhere. Pre-set your own target level for up to 20 stocks or indexesFootnote11 and receive an SMS or Push Notification via mobile deviceFootnote12 when the target price is met to timely grasp opportunities.
|Service Item||Rate||Minimum Charge|
|Stock / Index alert service|
|Receive alert via Push Notification||Free of charge until further notice||--Not Applicable|
|Receive alert via SMS||Free of charge until further notice||--Not Applicable|
11 Stocks and indexes include all Hong Kong stocks as well as HSI/HSCEI.
12 Stock alerts service is provided to customers with investment account and registered with Personal Internet Banking and eAlert service. Push notification service is only available to iOS or Android OS device.
Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of securities may move up or down. Losses may be incurred as well as profits made as a result of buying and selling securities.
The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities.
The risk of loss in trading futures contracts or options is substantial. In some circumstances, you may sustain losses in excess of your initial margin funds. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. Market conditions may make it impossible to execute such orders. You may be called upon at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated. You will remain liable for any resulting deficit in your account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry.
Growth Enterprise Market (GEM) stocks involve a high investment risk. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. GEM stocks may be very volatile and illiquid.
You should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.
Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. GEM Companies are usually not required to issue paid announcements in gazetted newspapers.
You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks.
Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder.
Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.
There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities.
If your securities or securities collateral are received or held by the licensed or registered person in Hong Kong, the above arrangement is allowed only if you consent in writing. Moreover, unless you are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. If you are a professional investor, these restrictions do not apply.
Additionally, your authority may be deemed to be renewed (i.e. without your written consent) if the licensed or registered person issues you a reminder at least 14 days prior to the expiry of the authority, and you do not object to such deemed renewal before the expiry date of your then existing authority.
You are not required by any law to sign these authorities. But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or to allow your securities or securities collateral to be lent to or deposited as collateral with third parties. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used.
If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. Although the licensed or registered person is responsible to you for securities or securities collateral lent or deposited under your authority, a default by it could result in the loss of your securities or securities collateral.
A cash account not involving securities borrowing and lending is available from most licensed or registered persons. If you do not require margin facilities or do not wish your securities or securities collateral to be lent or pledged, do not sign the above authorities and ask to open this type of cash account.
If you provide the licensed or registered person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion.
The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives.
The securities under the Nasdaq-Amex Pilot Program ("PP") are aimed at sophisticated investors. You should consult the licensed or registered person and become familiarised with the PP before trading in the PP securities. You should be aware that the PP securities are not regulated as a primary or secondary listing on the Main Board or the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited.
This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Trading in futures and options is not suitable for many members of the public. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
(i) Effect of "Leverage" or "Gearing"
Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared". A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.
(ii) Risk-reducing orders or strategies
The placing of certain orders (e.g. "stop-loss" orders, or "stop-limit" orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions.
(i) Variable degree of risk
Transactions in options carry a high degree of risk. Purchasers and sellers of options should familiarise themselves with the type of option (i.e. put or call) which they contemplate trading and the associated risks. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs.
The purchaser of options may offset or exercise the options or allow the options to expire. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. If the option is on a futures contract, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures above). If the purchased options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote.
Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. The seller will be liable for additional margin to maintain the position if the market moves unfavourably.
The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. If the option is on a futures contract, the seller will acquire a position in a futures contract with associated liabilities for margin (see the section on Futures above). If the option is "covered" by the seller holding a corresponding position in the underlying interest or a futures contract or another option, the risk may be reduced. If the option is not covered, the risk of loss can be unlimited.
Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. The purchaser is still subject to the risk of losing the premium and transaction costs. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time.
You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. the circumstances under which you may become obliged to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest.
Market conditions (e.g. illiquidity) and/or the operation of the rules of certain markets (e.g. the suspension of trading in any contract or contract month because of price limits or "circuit breakers") may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. If you have sold options, this may increase the risk of loss.
Further, normal pricing relationships between the underlying interest and the futures, and the underlying interest and the option may not exist. This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The absence of an underlying reference price may make it difficult to judge "fair value".
You should familiarise yourself with the protections given to money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.
Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. These charges will affect your net profit (if any) or increase your loss.
Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. Such markets may be subject to regulation which may offer different or diminished investor protection. Before you trade you should enquire about any rules relevant to your particular transactions. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade.
The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency.
Electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or participant firms. Such limits may vary: you should ask the firm with which you deal for details in this respect.
Trading on an electronic trading system may differ from trading on other electronic trading systems. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.
In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. The firm with which you deal may be acting as your counterparty to the transaction. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. For these reasons, these transactions may involve increased risks. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Before you undertake such transactions, you should familiarise yourself with applicable rules and attendant risks.
Warrants and Callable Bull/Bear Contracts (CBBCs) are structured products which involve derivatives.
You rely on the creditworthiness of the issuer of warrants and/or CCBCs. Subject to both the actual and perceived measures of the credit worthiness of its issuer and, there is no assurance of protection against a default by its issuer in respect of its payment obligations. Upon insolvency of the issuer, you may get nothing back and the potential maximum loss could be 100% of the investment amount and no return may be received.
You are warned that the prices of warrants and CBBCs may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. CBBCs have a mandatory call feature and may therefore be subject to early termination, upon which (i) investors in category N CBBCs will lose all of their investments in the CBBCs; and (ii) the residual value of category R CBBCs may be zero.
Before you purchase any warrants and/or CBBCs, you should ensure you understand the nature of warrants and/or CBBCs and carefully study the full details and risk factors set out in the relevant listing documents and, where necessary, seek professional advice before you invest in any of these products. You should also ensure that you fully understand the potential risks and rewards and independently determine that they are appropriate for you given your objectives, experience, financial and operational resources and other relevant circumstances. You should note that The Hongkong and Shanghai Banking Corporation Limited acting through its appointed liquidity provider may be the only market participant in HSBC-issued warrants and CBBCs.
Securities is the generic name for shares and other investment tools quoted on the stock market. Individuals may invest in securities, either through a broker or through their bank, and can check the progress of their investment every day in the newspapers or on the Internet.
It is possible to enjoy a higher rate of return from investing in securities than from savings accounts. Stock market securities in thriving economic climates will generally show an increase over time, and sometimes within a very short period. However, all stock markets are volatile and buying securities should not be seen as a short-term method of making money.
Buying securities also costs money. Stockbrokers make various charges for their services, such as commission. You may consider taking advantage of convenient payment and reimbursement terms by dealing through your bank.
Other than investing in securities by yourself, you can assign asset management professionals or companies to invest on your behalf.
The basic information required is the stock name, stock market, order size, your price limit and settlement currency. It is worth paying attention to the stock name. Using the full stock name in your order will ensure no misunderstanding on which stock to trade, as some stocks may have similar names. If in doubt, we will be happy to assist you based on your description of the abbreviated name, the nature of business and the latest closing price.
The Bank does not provide investment advice. Investment involves risk. The price of stocks may move up or down.
Losses may be incurred as well as profit made as a result of buying and selling stocks. Full details of the terms and conditions of the above services are available on request.