Why is the current price not equal to the price of the most recent transaction

Because according to the provisions of the HKEx, the rules for the display of the pre-emptive price of shares listed on the HKEx are as follows:

1. Start the bidding stage and close the bidding stage

1.1 if there is a reference equilibrium price, the current price = the reference equilibrium price

1.2 otherwise, it will be equivalent to yesterday's closing price.

2. During consecutive trading periods

2.1 if the securities are traded on a case-by-case basis on the same day

  1) if you buy a price > the price of the last transaction, the current price = buy a price

  2) if the price of the first price is less than the price of the last transaction, the current price = the first price of the sale

  3) other cases current price = last transaction price-

2.2 if the securities are not traded on a case-by-case basis on the same day

  1) if you buy a price > close yesterday, the current price = buy a price

  2) if the first price is sold < the price closed yesterday, the current price = the first price2.2.3 other cases of pre-price = closing price yesterday

For more details, see the HKEx trading mechanism:

http://www.hkex.com.hk/Services/Trading/Securities/Overview/Trading-Mechanism?sc_lang=zh-HK

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