The trading hours of convertible bonds are 9: 15-9:25, 9: 30-1:30, 13:00- 15:00 on each trading day. Among them, 9:20-9:25 is call auction time, during which cancellation is not accepted. Tickets can be held or cancelled at 9: 15-9:20, and tickets cannot be held or cancelled at 9:25-9:30.
New bonds that have been opened for subscription will generally be listed within one month, or it may be listed in about half a month. Investors can inquire about the listing time of new bonds through the subscription of new bonds on the client side of securities companies.
Why should convertible bonds be sold on the first day of listing?
Generally, convertible bonds have a relatively large increase on the first day of listing, so it is better to sell them on the first day. It is difficult to judge whether convertible bonds will rise or fall after a big increase. Moreover, historically, the performance of convertible bonds on the first day of listing is not good, and the subsequent trend performance will not be too good, so investors can sell convertible bonds on the first day of listing.
Convertible bond is a financing method of listed companies, which has the dual nature of bond and conversion into stock. T+0 convertible bonds can be sold on the day of purchase, with no price limit. There is a temporary suspension mechanism (suspension for 30 minutes when the price of convertible bonds reaches 20%, and suspension for 14:57 when the price of convertible bonds reaches 30%. If the suspension time of convertible bonds exceeds 14:57), the trading unit shall be 100 and its integral multiple, and the transaction shall be conducted according to the real-time market price, following the principle of price priority and time priority.
Convertible bonds, like other bonds, futures and options, can be bought and sold on the same day, that is, T+0 trading, rather than T+ 1 trading of stocks. So it can be sold on the first day of listing.
New bonds can be sold on the first day of listing, and the price of most new bonds will rise to varying degrees on the first day of listing, especially for novice investors, which is a relatively simple way to sell. Of course, it does not rule out the risk of breaking the listing of new bonds.
The way to sell new bonds is similar to that of stocks. Log in to the stock trading software, select the new bonds to be sold, click the selling option, enter the selling quantity (usually all sold) and confirm the selling.