1 Set the declared effective price range to 5% of the benchmark price (or 10 minimum price change unit) for price limit declaration, and take price limit protection measures for market price declaration.
The minimum number of trading declarations is 100 shares, and each declaration can be increased by 1 share.
3. If the number of single declaration is not less than 65,438+10,000 shares or the transaction amount is not less than 1 10,000 yuan, block transactions can be conducted.
At the transaction level, the shares of the North Exchange can be traded through bidding, block trading and agreement transfer. As a whole, the North Stock Exchange has continued the trading system with continuous bidding as the core of the selection layer, and other major terms such as price limit, reporting rules and price stability mechanism remain unchanged.
The trading method is that the shares of the North Exchange can be traded through bidding, block trading, agreement transfer and other trading methods. Among them, in the trading rules, the relevant provisions of bidding trading and block trading are clarified; The specific requirements for the transfer by agreement shall be stipulated separately by the North Exchange. Considering the market liquidity and the trading needs of institutional investors such as Public Offering of Fund, institutional space is reserved for introducing mixed trading and after-hours pricing trading in the future. The price limit and the declared effective price range take into account the characteristics of small and medium-sized board stock valuation. In order to effectively promote price discovery, the price limit of the bidding transaction of the North Stock Exchange is 30% of the previous closing price, and there is no price limit on the first day of listing. In addition, in order to promote intra-day price convergence and enhance price continuity, the declared effective price range of 5% (or 10 minimum price change unit) of the benchmark price is set in the continuous bidding stage.
The types of bidding transaction declaration include price limit declaration and market price declaration, and market price declaration includes our best declaration, counterparty's best declaration, best 5-day instant trading surplus cancellation declaration and best 5-day instant trading surplus price conversion declaration. The market price declaration is only applicable to the continuous bidding period of stocks with price fluctuation restrictions, and the market price declaration is protected by the price limit board. The temporary suspension mechanism of bidding transactions is that there is no limit on the first day of listing on the North Stock Exchange. In order to reduce the irrational trading of investors, a temporary suspension mechanism is implemented for stocks with no price limit. When the intraday trading price of a stock rises or falls by 30% or 60% compared with the opening price for the first time, it will be suspended temporarily for 65,438+00 minutes each time. Call auction method was adopted when the stock resumed trading, and trading continued on the same day after the resumption of trading.