Cch thc khp lnh 2012

Cch khp lnh chng khon trn sn HoSE ( c )

1) Thi gian giao dch: 8:30 - 9:00: Khp lnh nh k (xc nh gi m ca) 9:00 - 10:00: Khp lnh lin tc 10:00 - 10:30: Khp lnh nh k (xc nh gi ng ca) 10:30 - 11:00: Giao dch tha thun 2) Nguyn tc khp lnh nh k (t 1 - m ca v t 3 - ng ca) a) Cc loi lnh: Hin c 2 loi lnh c php x dng: Lnh LO (Limit Order) v Lnh ATO/ATC LO: Lnh cc NDT thng dng nht. Trong lnh ny, gi mua/bn CP c ghi r bng mt con s c th. V d: Lnh mua 2000 VF1 gi 27000 VND c ngha l NDT t mua 2000 CCQ VF1 vi gi ti a l 27000 VND Lnh bn 1000 VF1 gi 26500 VND c ngha l NDT t bn 1000 CCQ VF1 vi gi bn ti thiu l 26500 VND ATO v ATC bn cht nh nhau. ATO dng cho t 1 (O - Open = m ca), ATC dng cho t 3 (C - Close = ng ca) Lnh ATO, ATC khng ghi gi (khi t lnh ghi ATO/ATC) Lnh ATO/ATC c u tin trc LO khi khp lnh (khc vi quy nh v ATO trc kia) Tc l khp lnh gi no th lnh ATO/ATC s c thc hin gi . Ch khi khp ht lnh ATO/ATC th lnh gii hn LO mi c thc hin tip. V d: Bn bn: 2000 CP FPT gi 255000, Bn mua: 3000 CP FPT gi 255000 (Lnh LO), 1000 CP FPT @ATO/ATC Kt qu: Bn bn: Khp ht 2000 CP FPT Bn mua: 1000 CP cho lnh ATO/ATC v 1000 CP cho lnh LO, d mua 2000 CP lnh LO

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Cch thc khp lnh 2012

b) Cch xc nh gi khp lnh: KL Mc KL KL Cng dn mua gi bn Cng dn khp 10000ATO 18000 2200 26.3 1200 11200 11200 15800 2100 26.4 4300 15500 15500 13700 5000 26.5 2400 17900 13700 8700 3000 26.8 2500 20400 8700 5700 2000 26.9 1500 21900 5700 3700 1700 27 2035 23935 3700 2000 ATO Ti bt c mc gi no bn mua cng sn sng mua 2000 CP Ti mc gi 27K, bn mua sn sng mua 2000 ATO + 1700 = 3700 Ti mc gi 26.9, bn mua sn sng mua 2000 ATO + 1700 gi 27 + 2000 gi 26.9 = 5700 CP => Thc hin cng dn khi lng mua t mc gi cao nht cho n gi thp nht, bt u t khi lng t mua ATO cho n mc gi t mua thp nht (gi khp cng thp th cng mua c nhiu CP) Tng t p dng cho bn bn nhng cng dn theo th t ngc li ==> Thc hin cng dn khi lng bn t mc gi thp nht cho n mc gi cao nht, bt u t khi lng t bn ATO cho n mc gi t bn cao nht (gi khp cng cao th cng c nhiu CP bn c) Kt qu: 2 ct cng dn, tng ng vi mi mc gi l khi lng CP sn sng mua, sn sng bn Mc gi khp lnh l mc gi cho khi lng khp lnh ln nht. Nhn vo ct KL khp th KL khp ln nht l 15500 CP ti mc gi 26.4K (KL khp = min (gi tr trn 2 ct cng dn)). Trong v d trn, nu khi lng t mua lnh ATO tng t 2000 ln 20000 CP th khi gi khp lnh s bng 26.9K, KL khp lnh l 21900 CP. iu ny c ngha NT cn thn trng khi t lnh mua/bn ATO/ATC. Nu trn bng gi xut

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Cch thc khp lnh 2012

hin qu nhiu lnh bn ATO/ATC th kh nng khp gi sn hoc st sn. Ngc li nu xut hin qu nhiu lnh mua ATO/ATC th gi khp c th trn hoc st trn.

Cch khp lnh chng khon trn sn Hastc ( c )

1. Thi gian giao dch: T 8h30-11h00 vo tt c cc ngy lm vic trong tun (tr cc ngy ngh theo qui nh ti B Lut Lao ng). 2. Gi tham chiu a. Gi tham chiu ca c phiu l bnh qun gia quyn cc gi thc hin qua phng thc giao dch bo gi ca ngy c giao dch gn nht. b. i vi cc c phiu mi nim yt hoc c phiu b tm ngng giao dch trong ngy u tin giao dch hoc ngy giao dch tr li s giao dch khng bin . Trong ngy giao dch tip theo, gi tham chiu ca c phiu ny s c tnh nh mc (a) trn. 3. Bin dao ng gi - Bin dao ng gi trong ngy giao dch i vi c phiu l 10%. - Khng p dng bin dao ng gi i vi cc giao dch tri phiu. 4. Hiu lc ca lnh Trong phin giao dch, lnh gii hn c nhp vo h thng giao dch c hiu lc cho n ht phin hoc cho n khi lnh b hu trn h thng. 5. Nguyn tc giao dch: Cc giao dch phi c thc hin thng qua cng ty chng khon thnh vin ca Trung tm GDCK H Ni. - Trc tin, thc hin giao dch nh u t phi c ti khon giao dch chng khon ti mt cng ty chng khon l thnh vin ca Trung tm GDCK H Ni. - Khi t lnh mua bn chng khon, nh u t phi m bo t l k qu trn ti khon. C th l, khi t lnh bn th nh u t phi c s chng khon trong ti khon, cn khi t lnh mua th nh u t phi c s tin k qu theo tho thun vi cng ty chng khon.

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Cch thc khp lnh 2012

6. Phng thc giao dch: Giao dch khp lnh lin tc v giao dch tha thun

Cch khp lnh chng khon trn sn HoSE v Hastc ( mi, p dng bt u t ngy 5/3/2012 )

Mt s lu khi trin khai giao dch bui chiu t cc S GD Trong thi gian Ngh gia hai phin sng chiu (t 11h30 n 13h00), CTCK thnh vin khng c php t lnh mi, sa, hy lnh ca giao dch khp lnh; Qung co, hy qung co giao dch tha thun; Thc hin, hy giao dch tha thun. Ngoi ra, cc lnh khp mt phn hoc cha khp v cha b hy trong phin giao dch bui sng s c chuyn qua phin giao dch bui chiu v tip tc tham gia khp lnh; Bin dao ng gi c p dng cho c ngy giao dch;

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Cch xc nh gi tham chiu v vic sa, hy lnh giao dch c thc hin theo Quy ch giao dch hin hnh Hy b thanh ton T+1 vi cc lnh giao dch tha thun C phiu v chng ch qu c s lng t 100.000 c phiu/chng ch qu tr ln (thanh ton T+3 nh bnh thng). CH S GI C PHIU VN INDEX Ch s VN INDEX th hin bin ng gi c phiu giao dch ti SGDCK TP.HCM. Cng thc tnh ch s p dng i vi ton b cc c phiu nim yt ti SGDCK nhm th hin xu hng gi c phiu hng ngy. Ch s VN INDEX so snh gi tr th trng hin hnh vi gi tr th trng c s vo ngy gc 28/07/2000, khi th trng chng khon chnh thc i vo hot ng. Gi tr th trng c s trong cng thc tnh ch s c iu chnh trong cc trng hp nh nim yt mi, hu nim yt v cc trng hp c thay i v vn nim yt. Cng thc tnh ch s VN INDEX: Ch s VN INDEX = (Gi tr th trng hin hnh / Gi tr th trng c s) x 100 Pit x Qit = Pi0 x Qi0 Trong : Pit: Gi th trng hin hnh ca c phiu i Qit: S lng nim yt hin hnh ca c phiu i Pi0: Gi th trng vo ngy gc ca c phiu i Qi0: S lng nim yt vo ngy gc ca c phiu i I= 1,n QUY NH V K QU x 100

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(Trch iu 46, khon 5 Quyt nh 50/2003/Q-BTC ca B trng B Ti chnh v vic Sa i, b sung mt s iu ca Quy ch Thnh vin, Nim yt, Cng b thng tin v giao dch chng khon ban hnh km theo Quyt nh 79/2000/QUBCK ngy 29/12/2000) Khi t lnh bn chng khon, khch hng phi c s lng chng khon t bn trn ti khon chng khon m ti thnh vin. Khi t lnh mua chng khon, s d ti khon bng tin ca khch hng m ti thnh vin phi p ng quy nh k qu ti thiu l 70% gi tr chng khon t mua. GIAO DCH CHNG KHON CA NH U T

(Trch iu 22, Quy ch giao dch chng khon ti SDGCK Tp.H Ch Minh do Tng Gim c S k ban hnh ngy 9/10/2007)

22.1. Nh u t ch c c mt ti khon giao dch chng khon v ch c m ti mt cng ty chng khon. Ti khon ca nh u t phi tun th quy nh v cp m ti khon cho nh u t do SGDCK TP.HCM ban hnh. Thnh vin c trch nhim lu gi chng t giao dch, thng tin giao dch chng khon ca s ti khon cp, thng tin v ch ti khon, ngy m v ng ti khon. 22.2. Nh u t khng c php ng thi t lnh mua v bn i vi mt loi c phiu, chng ch qu u t trong cng mt ngy giao dch. 22.3. Khi t lnh bn chng khon hoc qung co bn chng khon (khi t lnh mua chng khon hoc qung co mua chng khon), s d chng khon (s d tin) trn ti khon ca khch hng m ti thnh vin phi p ng cc iu kin v t l k qu chng khon (tin). XC LP V HY B GIAO DCH

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Cch thc khp lnh 2012

(Trch iu 20, Quy ch giao dch chng khon ti SDGCK Tp.H Ch Minh do Tng Gim c S k ban hnh ngy 9/10/2007

20.1. Giao dch chng khon c xc lp khi h thng giao dch thc hin khp lnh mua v lnh bn theo phng thc khp lnh hoc ghi nhn giao dch theo phng thc tha thun, ngoi tr c quy nh khc do SGDCK TP.HCM ban hnh. Thnh vin bn mua v bn bn c trch nhim m bo ngha v thanh ton i vi giao dch chng khon c xc lp. 20.2. Trong trng hp giao dch c thit lp nh hng nghim trng n quyn li ca cc nh u t hoc ton b giao dch trn th trng, SGDCK TP.HCM c th quyt nh sa hoc hy b giao dch trn. 20.3. Trong trng hp h thng giao dch gp s c dn n tm ngng giao dch, SGDCK TP.HCM cn c tnh hnh khc phc s c quyt nh cng nhn hoc khng cng nhn kt qu giao dch. K HIU GIAO DCH Mt s k hiu giao dch ang c s dng trn cc phng tin cng b thng tin ca TTGDCK TP.HCM: a. K hiu trng thi chng khon: K hiu P H S ngha Chng khon giao dch bnh thng Chng khon b tm ngng giao dch trong 1 ngy giao dch Chng khon b ngng giao dch

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C X Chng khon b kim sot Chng khon b hy nim yt

b. K hiu ca TTGDCK v chng khon: K hiu XD XR XI SP DS ngha Giao dch khng hng c tc Giao dch khng hng quyn km theo Giao dch khng hng li tri phiu Ngng giao dch Chng khon cnh bo

Cch thc m ti khon Cty chng khon

u t vo chng khon bn cn phi tin hnh cc bc nh sau: Bc 1: Xc nh s tin bn c th u t. S tin ny phi s dng c trong giai on nht nh. Bc 2: Xc nh mc tiu u t, ch yu l bn mun laxi vn hay c tc hay c hai. iu ny s quyt nh vic la chn c phiu no cho danh mc u t ca bn. Bc 3: Nu c th, to lp mt danh mc u t a dng. Trnh u t vo c phiu ca mt Cng ty ring l. Bc 4: M s giao dch chng khon l bt buc i vi mi nh u t nc ngoi ti Vit nam. M s giao dch chng khon do Trung tm giao dch chng khon cp. cho cng ty chng khon s gip bn xin M s giao dch chng khon ny.

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Bc 5: M ti khon ti 1 Cng ty chng khon l thnh vin ca Trung tm giao dch chng khon. Theo quy nh, cc giao dch lin quan n chng khon nim yt ch c th thc hin thng qua thnh vin caTrung tm Giao dch. Nh mi gii l ngi c trch nhim cui cng thc hin giao dch cho bn do vy Nh mi gii c ton quyn yu cu bn cung cp cc thng tin cn thit, yu cu bn k qu tin v chng khon. Bc 6: Tho lun vi Nh mi gii v mc tiu v xc nh chin lc u t ca bn. Trc khi thit lp danh mc u t ca mnh, bn nn nghin cu Tt c cc thng tin lin quan n c phiu ca Cng ty m bn d nh mua. Bc 7:Hin nay c 2 loi lnh giao dch chng khon c p dng Vit nam. Bn c th a ra gii hn v gi, l lnh gii hn. Bn c th khng cn phi xc nh mc gi, khi lnh ca bn s c thc hin theo mc gi khp lnh ca th trng, l lnh ATO Bc 8: Bn s nhn chng khon mua v thanh ton chng khon bn vo ngy thanh ton b tr (quy nh hin nay l 3 ngy sau ngy giao dch). Tt nhin giao dch lin quan n chng khon nim yt ch c thc hin thng qua h thng lu k m khng c s chu chuyn vt cht ca chng khon. S thay i s hu c thc hin thng qua chng t ghi s in t n gin, Tt c cc cng vic ny u do Nh mi gii thc hin cho bn. 3. m ti khon giao dch chng khon ti cng ty chng khon ti phi p ng cc iu kin g? m ti khon ti cng ty chng khon bn phi p ng cc iu kin: - T 16 tui tr ln - C CMTND, h chiu hp l - C tin v chng khon i vi nh u t nc ngoi phi c thm M s giao dch chng khon. 4. M s giao dch chng khon l g, lm th no c cp m s giao dch chng khon? M s giao dch chng khon l s hiu nh u t nc ngoi do Trung tm giao dch chng khon cp sau khi thm nh H s xin cp M s kinh doanh chng khon ca nh u t nc ngoi. BVSC s gip bn xin M s giao dch chng khon. H s xin m s giao dch chng khon gm c:

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- n xin ng k M s KDCK - Phiu thng tin v c nhn/t chc u t nc ngoi - L lch t php (i vi nh u t c nhn) - Giy php thnh lp (i vi nh u t l t chc) - Ngh quyt ca b nhim ngi i din 5. Cc ti liu xin cp M s kinh doanh chng khon v m ti khon ti cng ty chng khon c cn xc nhn, cng chng khng? i vi nh u t nc ngoi cn phi cng chng cc H s ti liu cn thit. Cc ti liu (tr Th mu ch k v n xin m ti khon) phi c cng chng nc s ti v ti xc nhn ti Lnh s qun Vit nam nc s ti hoc c xc nhn bi Lnh s qun ca nc s ti ti Vit nam v ti xc nhn ca S ngoi v ti Vit nam v thm quyn ca Lnh s qun . Tt c cc ti liu (tr Th mu ch k v n xin m ti khon) phi c dch ra ting Vit v cng chng ti Vit nam. Cc nh u t trong nc l c nhn s khng cn cng chng, nh u t l t chc phi cng chng Giy php thnh lp, hot ng v iu l t chc v hot ng. 6. H s m ti khon ti cng ty chng khon gm nhng g? Nhng mu biu bn cn in: - Giy yu cu m ti khon Nhng ti liu cn thit: Ti khon c nhn - Bn sao CMND hay H chiu - Bn sao Giy php lm vic (cho c nhn ngi nc ngoi lm vic ti VN) - Th ch k mu. Ti khon t chc

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- Bn sao iu l Cng ty - Ngh quyt ch nh cn b lnh o tham gia k kt v iu hnh ti khon ti cng ty chng khon - Giy chng nhn thnh lp Cng ty Giy php thnh lp 7. Ti c th m bao nhiu ti khon? Bn ch c th m mt ti khon duy nht ti mt Cng ty chng khon Vit nam. Bn phi chn Cng ty chng khon ph hp m ti khon. 8. Ti c th m nhng loi ti khon no? cng ty chng khon hin a ra mt s loi ti khon nh ti khon c nhn, t chc, ti khon y thc. Tt c cc mu m ti khon c cung cp ti cc Vn phng ca cng ty chng khon 9. Yu cu u tin khi m ti khon l g? Khng c mt yu cu no i vi bn khi m ti khon. Tuy nhin, thc hin giao dch, bn cn np tin v lu k c phiu vo ti khon. 10. Ti c th mua nhng loi chng khon no trn ti khon ca mnh? Bn c th mua Tt c cc loi c phiu v tri phiu nim yt. 11. Ti c th t nhng loi lnh no? Cng ty chng khon nhn tt c nhng loi lnh thng thng, bao gm lnh ATO v lnh gii hn. Lnh cha c khp s khng cn hiu lc vo cui ngy giao dch. C th hy v sa lnh trong phin giao dch, trc gi ng ca. 12. Ti c thng bo v cc giao dch thc hin nh th no? Xc nhn kt qu giao dch s c gi qua th tn, th in t hay fax trong ngy lm vic tip theo sau ngy giao dch c thc hin. Khch hng cng s c xc nhn ngay lp tc sau phin giao dch bng tin nhn nu bn ng k s in thoi di ng vi cng ty chng khon

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13. Vic thanh ton c thc hin nh th no? Tng chi ph giao dch (bao gm tin mua chng khon, ph mi gii v thu gi tr gia tng nu c) s c khu tr trn s d ti khon ca bn vo ngy lm vic th hai sau ngy giao dch (T+2). Tin bn chng khon cng s c chuyn v ti khon ca bn 3 ngy sau ngy giao dch (T+3). 14. Lm th no np tin vo ti khon? i vi nh u t nc ngoi th tc np tin ph thuc vo loi tin bn np: Nu np tin Vit bn c th la chn cc cch thc sau: chuyn khon ni b, chuyn khon t bn ngoi v np tin trc tip vo ti khon. np tin bng chuyn khon t bn ngoi vo ti khon ca bn ti cng ty chng khon bn phi c S ti khon ca cng ty chng khon m cho ngi u t v hng dn ngn hng ca bn chuyn tin nh sau: V d :Ngn hng XBANK Vit nam,Trung tm Giao dch 1. S ti khon: 7311.0365 Ngi th hng: tn v s ti khon ca bn ti cng ty chng khon Ch : Khch hng s fax hay gi lin hai Giy np tin n cng ty chng khon trc 3h30 chiu m Bo thc hin c giao dch ngay trong ngy lm vic tip theo. Giao dch ca bn b gii hn bi s d tin bn k qu trong ti khon. Trong trng hp bn np bng ngoi t, bn s phi m 1 ti khon tin gi thanh ton ngoi t ti 1 Ngn hng c php kinh doanh nghoi t. Bn, cng ty chng khon v Ngn hng s k 1 tha thun theo Ngn hng s cung cp s d, chuyn i ngoi t trn ti khon tin gi ngoi t ca bn thnh tin ng v chuyn cho cng ty chng khon thc hin cc giao dch chng khon ca bn ti cng ty chng khon Khi np tin bng ngoi t ti Ngn hng bn phi cung cp t khai hi quan v s tin bn mang vo Vit nam hoc cc giy t khc chng minh ngun gc s tin np . Trng hp bn l nh u t trong nc, th tc np tin ging nh trng hp np tin Vit ca nh u t nc ngoi nu trn. 15. Lm th no rt tin ra khi ti khon?

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Bn c th rt tin Vit trc tip ti cc Quy giao dch hay chuyn khon qua Ngn hng bng cch in Giy rt tin hay Giy yu cu chuyn khon ti ni giao dch. Bn ch c th rt tin trong phm vi s d ti khon. Mt khi yu cu rt tin ca bn c hiu lc, gii hn giao dch s lp tc t ng gim phn nh vic rt tin. Trong trng hp nh u t nc ngoi mun rt chuyn i ra ngoi t v chuyn ra nc ngoi, bn phi thng bo vi chng ti trc mt (01) ngy chng ti phi hp vi Ngn hng thc hin cc th tc cn thit. Bn phi lu rng bn ch c th chuyn tin ra nc ngoi mt (01) nm sau khi bn chuyn khon tin vo Vit nam. 16. Lm th no chuyn tin v chng khon t Cng ty chng khon khc v ti khon ca ti? Nu bn chuyn tin v chng khon t Cng ty chng khon khc, bn cn yu cu Cng ty chng khon ng ti khon ca bn v chuyn khon tin v chng khon v ti khon ca bn m ti Cng ty chng ti. 17. Tin li trn s d tin c tnh nh th no? BVSC s n nh t l li sut trn s d tin tng ng. Tin li tr cho khch hng s c chuyn vo ti khon hng thng. 18. Ti c th vay tin thc hin giao dch khng? Bn c th thc hin c iu ny nu bn m ti khon ti cng ty chng khon. Bn c th vay tin bng cch cm c cc chng khon ca bn trn ti khon thng qua tha thun ca chng ti vi cc ngn hng thng mi hay t chc ti chnh ti Vit nam. 19. Ti c th t lnh qua nhng cch no? Bn c th t lnh qua in thoi, Fax. Cc lnh giao dch c gi qua th in t hay th tn thng thng s khng c chp nhn. 20. Ti c cn phi c a ch email m ti khon ti cng ty chng khon khng? Bn khng cn thit phi c a ch email. Tuy nhin, email l phng thc nhanh chng v thun tin cho php chng ti p ng yu cu khch hng mt cch cao nht. 21. Nu ti c nhng thc mc v ti khon ca mnh, ti s phi ni chuyn vi ai?

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Nu c thc mc bn c th gi cho nhn vin mi gii ca cng ty chng khon

Cch th hin ch s trn bng in t

Cch th hin trn bng in t: - Trn bng in t th ch c 3 mc gi cho mua tt nht v cho bn tt nht c hin ln. - Trong ct gi mua th gi mua tt nht (gi mua cao nht ang ch khp lnh ti thi im ) c u tin xp ln u, tip theo l cc mc gi gim dn. - Bn cnh gi mua th c khi lng mua tng ng vi mc gi . V d: C phiu AGF d mua mc gi 73.000 c khi lng l 73 l c phiu (730 c phiu), tip n mc gi 72.500 c khi lng c phiu cho mua l 500 c phiu.... - Trong ct gi bn th gi bn tt nht ( gi bn thp nht ang ch khp lnh ti thi im ) c u tin xp ln u, tip theo l cc mc gi bn tng dn. - Bn cnh gi bn th c khi lng bn tng ng vi mc gi . C phiu AGF d bn mc gi 74.000 c khi lng l 9.900 c phiu, tip n mc gi 74.500 c khi lng cho bn l 5.670 c phiu.Thuyt minh: - Kt qu giao dch phin 1 ngy 15/06/2006, phin giao dch th 1312.- Ch s Vnindex t 539,08 im, gim 1,88 im so vi phin giao dch ngy hm trc. - Khi lng c phiu c giao dch (c khp lnh) l 127.940 c phiu (khng k chng ch qu VFMVF1), tng gi tr giao dch l 5.984.000 (nm t chn trm tm mi bn triu ng). - Trong bng trn c 3 c phiu tng gi l AGF, BBC v BT6. C 1 loi c phiu xung gi l BPC. Cn c phiu BTC vn ng gi. - AGF v BT6 tng 0,5 im (tng 500 / 1 c phiu), BBC tng 0,2 im ( tng 200 / 1 c phiu). - BPC gim 0,5 im (gim 500 / 1 c phiu)..... - Gi khp ca c phiu AGF l 74 nghn / 1 c phiu nhng khi lng khp ch c 180 l (1.800 c phiu), vn cn d bn 9.900 c phiu mc gi 74. Gi mua cao nht cn li ch dng mc 73 nghn / 1 c phiu.y l bng gi giao dch c phiu dng ngang ca Cng ty Chng khon BSC. Nu nh bng dc th hin 3 mc gi mua v bn tt nht theo tng hng th

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Cch thc khp lnh 2012

bng ngang , 3 mc gi mua v bn tt nht c th hin theo theo tng ct. Mc gi mua tt nht (gi mua 1) v mc gi bn tt nht (gi bn 1) c y vo bn trong, xp cnh nhau, tip theo l cc mc gi mua thp hn v bn cao hn. Nhn vo bng ny ta c th d dng theo di tnh hnh CUNG - CU th trng. V d di y l kt qu giao dch ca ngy 10/05/2006, khi ngi bn x ra bn c phiu mc gi sn, trong khi lng cu c hn (gn nh khng cn d mua) khin cho CUNG ln hn CU v kt qu l lm cho gi cc loi c phiu ca phin giao dch ngy hm st gim, ch s VNindex gim 25,58 im.

Cc c bng gi in t
ngha ca cc ch s mu xanh, vng : + Mu xanh: Biu tng cho s thay i tng gi + Mu : Biu tng cho s thay i gim gi + Mu vng: Biu tng cho s ng gi (khng thay i) Cc thng tin c bn c th hin trong bng in t: - Ct m chng khon: L m hiu (tn vit tt) ca chng khon c ng k v nim yt ti Trung tm giao dch chng khon (TTGDCK). - Ct gi tham chiu: L gi ng ca ca ngy giao dch trc v l c s xc nh gi trn, gi sn ca ngy giao dch hin ti. - Ct gi trn: L mc gi cao nht m nh u t c th t lnh mua, bn chng khon. + Trn TTGDCK TP HCM: Gi trn = Gi tham chiu + 5% *Gi tham chiu + Trn TTGDCK H Ni: Gi trn = Gi tham chiu + 10% * Gi tham chiu -Ct gi sn: L mc gi thp nht m nh u t c th t lnh mua, bn CK. + Trn TTGDCK TP HCM: Gi sn = Gi tham chiu - 5% * Gi tham chiu + Trn TTGDCK H Ni: Gi sn = Gi tham chiu - 10% * Gi tham chiu - Ct gi m ca: L mc gi thc hin u tin trong ngy giao dch. - Ct gi ng ca: L mc gi thc hin cui cng trong ngy giao dch. - Ct gi khp lnh: L mc gi ti khi lng CK c giao dch nhiu nht. - Ct khi lng khp lnh: L khi lng CK c thc hin ti mc gi khp lnh. - Ct chnh lch (+/-): L thay i ca mc gi hin ti so vi gi tham chiu trong ngy giao dch (= gi hin ti gi tham chiu). - Ct mua: gm 6 ct biu th cho 3 mc gi t mua cao nht tng ng vi cc khi lng t mua ti cc mc gi cao nht . Khi kt thc phin giao dch Bng in t s hin th cc thng tin v khi lng CK tng ng vi cc mc gi cha c khp lnh (d mua). - Ct bn: gm 6 ct biu th cho 3 mc gi t bn thp nht tng ng vi cc khi lng t bn ti cc mc gi thp nht . Khi kt thc phin giao dch Bng in t s hin th cc thng tin v khi lng CK tng ng vi cc mc gi cha c khp lnh (d bn

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Li tc c phiu
Gii thiu Trong giao dch, kinh doanh CK - nh u t v bo v li ch ca chnh mnh - cn quan tm v x l ng n cc nguyn tc v phng thc chi tr, thanh ton c tc sau y: Ni dung 1. Li tc CP (hay gi l c tc) l mt phn li nhun c phn phi cho c ng, ty thuc tnh hnh li nhun ca TCPH v t l gp vn u t ca tng c ng. Do , mc li tc CP cng nh phng thc chi tr, thanh ton c tc tu thuc s pht trin sn xut - kinh doanh v chnh sch c tc ca tng TCPH, do Hi ng qun tr quyt nh. 2. Li tc CP, nht l chi tr c tc ca mt TCPH, thng c xu hng: mun to kh nng v duy tr mc c tc cao to lng tin cho nh u t, mc d tnh hnh - sn xut kinh doanh tt xu, c khi u khng c s phn bit; hoc c khi, vo nhng lc thu hp hot ng, nhng chi tr c tc c th vn cao, cho d thu nhp gim, v theo li nhun gim, do TCPH mun duy tr mc tr c tc ngang bng mc c tc trong thi k kinh doanh pht t. 3. Theo cc phng thc trn, khng tho ng. Nh u t cn phn tch v hiu bit y cc yu t hot ng, nh hng n c tc v chi tr c tc - thng bao gm: a/ Xc nh mc tng trng tim nng ca cc khon li nhun trong tng lai; b/ Nghin cu, xem xt s bin ng ca cc khon li nhun trong cc giai on khc nhau v chu trnh ti sn xut - kinh doanh; c/ Nghin cu li nhun v mc chi tr c tc ca cc t chc khc nhau trong cng mt ngnh kinh doanh. T , nh u t xem xt cc mi quan h: thu nhp - li tc - u t pht trin chi tr c tc... v tm cc phng n thch hp nht. 4. Thng thng, nh u t phi xem xt k bn co bch nht l v tnh hnh ti chnh hin ti v 1 nm v trc, v k hoch sn xut, kinh doanh v pht trin, c bit l v ngun thu nhp t c tc hay li sut, sau khi tr cc chi ph liu gi tr u t c t trn im ho vn hay khng? Cc ri ro, li nhun mang li, kh nng cnh tranh, din bin gi c CP v tnh hnh bin ng ch s VN-Index. Do , nh u t phi tnh to vi li tc thu c. 5. Nh u t, nu mong mun c mt khon c nh bo m cho vic chi dng, th c th chn u t vo cc tri phiu hoc CP u i; ngc li, mun pht trin nhanh ng vn ca mnh th c th chn mua cc loi CP v lun chu s chi phi ca nguyn tc kinh doanh; ri ro t l thun vi li nhun. Mt khc, khng nn u t ngn hn, v TTCK vn l mt th trng vn di hn, kh lng c th tm c mc li nhun cao trong mt thi gian ngn.

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Mt s nh u t li theo xu hng u t vo tng lai, c th hin ti cng ty ang lm n thua l, nhng h li d on v nh gi mt tim nng pht trin trong tng lai - nn h quyt nh u t vo CP - ng ngha vi li nhun cao, ri ro cao. 6. Nguyn tc quan trng l xc nh v duy tr c tc nn mc kh thp v ch nn tng mc c tc khi c nhng khon thu nhp tng thm. Ring i vi TCPH c bin ng ln, c th p dng phng thc: duy tr mc c tc thp, ng thi chi tr nhng khon c tc ph tri vo cc thi im hp l v khi thu nhp cho php nhm bo m vic chi tr c tc lun thc hin i vi nh u t. 7. Vic thanh ton, chi tr c tc cho c ng, c kh nng bng tin mt hoc khng dng tin mt, di 2 hnh thc: a/ Chi tr c tc bng CP, gi tin mt cho u t pht trin, nu mc chi tr chim t l nh, khong 2-5% tng s CP pht hnh, th nh u t khng ch n "long gi" (gi CP s gim xung), nh hng khng ng k n thu nhp. Nh u t yn tm khi h nhn c CP nhiu hn; nhng thc t h khng nhn c g, v khi cng b tr c tc bng CP, th gi CP s gim xung tng ng vi t l tr c tc bng CP. b/ Chi tr c tc bng tch CP, thng ko theo vic pht hnh nhiu CP hn, theo mt t l tng ng vi s lng CP, m cc c ng ang nm gi, v thng dn n kt qu gi tr th trng CP tng ln. Nh vy, cc TCPH vn gi li c ngun vn bn trong u t pht trin, tng thm CP cho cc c ng, ngun cung cp CP cho th trng, gim bin ng gi c th trng, bo v li ch chnh ng ca nh u t.

Ch s sc mnh tng i (RSI & ADX)

RELATIVE STRENGTH INDEX (RSI) 1. ngha RSI dng o t l ca cc bin ng i ln v cc bin ng i xung ca gi chng khon v ph thng ho cc tnh ton nhm lm cho ch s th hin trong phm vi khong im t 0 100. RSI l cng c dng so snh mt cch tng i vi chnh cc gi qu kh ca n. N khng dng so snh vi cc cng c khc. 2. Cng thc RSI = 100- [100/(1+RS)]

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a. Thut ton c bn RS = Trung bnh ca gi ng ca ln trong n ngy Trung bnh ca gi ng ca xung trong n ngy 3. Cch s dng trn thc t Vi vic bin ng ca ch s t 0 100 s to ra mt th m phng cc bin ng gi ca c phiu trn th trng. s dng vo vic phn tch ch s ny, ngi ta s dng 2 ng thng gi l ng chn trn v ng chn di phn nh mc mua bn qu mc ca c phiu. Tu tng xu hng th trng ang ln hay ang xung v tu thuc vo kinh nghim phn tch ca tng th trng, ngi phn tch c th la chn 2 ng chn ny mc 80 v 20 hoc 70 v 30. Overbought/oversold condition: im mua qu mc v im bn qu mc. Nu RSI t n mc 70/80 ta ni chng khon ny t n mc mua qu mc. Ti mc ny, nh u t cn thn trng khi t lnh mua. Nu RSI ri xung di mc 30/20 th chng khon c coi l mc bn qu mc. Ti thi im ny nh u t cn c nhng quyt nh thn trng khi t lnh bn. Top/Bottom: nh/ y RSI mc 80/70 c coi l nh im v gi ca chng khon s gim sau khi t c mc nh ny. Ngc li, 20/30 c coi l im y RSI. Sau im ny th gi chng khon s hi phc tr li. Cn lu rng, vic phn tch ch s RSI ch l mt trong nhng du hiu chng t mc nh hoc mc y, cn kt hp vic phn tch cc ch s khc. Pattern: Cc du hiu nhn bit xu hng in hnh nh u-vai, nh-y,pennants c th hin r hn biu RSI hn l biu gi. Divergence: S khc bit gia RSI v bin ng gi chng khon thng c xem nh mt du hiu r rng chng t sp c mt s bin ng o chiu ca chng khon. Ch s RSI v ADX iu m chng ta quan tm nht l qu trnh xc nh khi no gi bt u i theo xu hng. V 1 cng c c th h tr vic l ch s nh hng trung bnh ( Average Directional Index ) ADX

Hu ht ngi giao dch u tp trung vo cc ch s xung lng (momentum) ph bin tm kim tn hiu vt mua / vt bn ( overbought / oversold ), v cc ch s gi / xung lng phn k (divergence) xc im im kt thc ca xu hng.

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Chng ta hy xem xt ch s RSI nhanh xc nh tn hiu vt mua ./ vt bn nh th no trn th USD/JPY :

Tht r rng ! ch s xung lng RSI phn nh chnh xc th trng, v nu bn mi bt u v k thut th ch s trn chc s gy n tng mnh vi bn ! Tuy nhin, tt c cc cng c k thut khng n gin nh vy. chng ta hy xem 1 v d khc v s thay i gi :

2 tn hiu RSI u tin ( vt bn v vt mua ) rt chnh xc. Tuy nhin, cc tn hiu sau lin tip ch mc vt bn nhng gi vn tip tc tng cao. iu g xy ra? n gin, ch s xung lng cung cp tn hiu vt mua / vt bn trong 1 th trng dao ngv cha chc chn. Tuy nhin, n s b mt tc dng khi th trng bt u i theo xu hng , v l nhng g din ra ti biu trn. Trong k xu hng, cc ch s xung lng hu ht u nm v th vt mua / vt bn cao v khng phn nh c chnh xc din bin th trng. Ti thi im ny chng ta cn b qua tn hiu xung lng . iu m chng ta quan tm nht l qu trnh xc nh khi no gi bt u i theo xu hng. V 1 cng c c th h tr vic l ch s nh hng trung bnh ( Average Directional Index ) ADX Nhn vo biu di y:

Trn biu c s dng cng c ch s ADX (xanh l cy) vi +DI (xanh dng) v DI (). 2 ng +DI v DI biu hin xung lng tch cc v tiu cc ca gi. Khi xu hng r rng ng +DI s vt t di ln khi ng DI , v ngc li.

ADX l ng ch s nh hng trung bnh cho c xu hng tng v xu hng gim. C ngha l khi gi tng hay gim theo 1 chiu r rng ( theo 1 xu hng xu hng tng hoc gim ) , ADX vt mc 30 cho bit xu hng ang trong giai on pht trin.

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Ti thng dnh nhiu ch cho ng ADX, v khi n tng vt mc 30, c th pht l tn hiu RSI. Tuy nhin, ADX l 1 ch s chm v n ch i theo sau 1 khong thi gian khi cc ch s xung lng bo tn hiu vt mua / vt bn. Lm cch no hiu qu? Trc tin phi xc nh nu ch c cc ng ch s xung lng vo vng cnh bo, iu ny cha xc nh c hi giao dch. Trong v d trn khi ng RSI nhanh tin ti vng vt mua, chng ta cn nh gi bin ng gi khng ch trn biu ngy m cn trn nhng khung thi gian ngn hn.

Trong nhng tnh hung chng ta s xem xt n cc im nh v y (top and bottom) trc khi ADX vt mc 25-30. Mt l do ng tin cy l xu hng lun c qui lut l bc sng. Hnh v trn cho thy trong 1 xu hng tng vn c cc im nh v y, nhng trong 1 khung, v khi im y b ph v, l du hiu ca 1 s o ngc xu hng. r rng hn chng ta c th v thm 1 ng k h tr ( supportline) di cc im y , v khi n b ph v, c th l 1 tn hiubo xu hng kt thc. Mt ri ro nh l gi c th quay li ti l li ng support sau khi xuyn qua n, v iu ny thnh thong xy ra trong xu hng tng, do chng ta cn xem xt khi ADX bt u gim th xu hng c th kt thc, kt hp vi ng RSI nhanh cung cp tn hiu vt mua hoc vt bn. V vy khi thm ADX vo danh mc ch s ca bn, bn c th nh gi c xu hng ang xy ra hay khng. y l 1 v kh hiu qu h tr cho cc cng c ca bn, cung cp thng tin thay v lm phc tp cc ch s xung lng khc. Chng ta cn quan tm n li ch t vic kt hp kin thc v RSI v ADX vo trong mt h thng n gin. C ADX v RSI u l nhng cng c hiu qu v s kt hp gia chng dng nh s em li 1 kh nng rt ln . Ti thch s dng RSI ch yu nh 1 ch s xc nh tn hiu mua mua trong xu hng ln. V ADX l ch s o lng sc mnh ca xu hng . Di y l 1 s yu t lm cch no 2 ch s ny c th phi hp nhau trong 1 h thng xc nh thi im vo th trng khi xu hng mnh v mua ti im y. ( ti tp trung phn tch vo vic k vng gi ln nhng lp lun ny vn c th p dng tt cho k vng gi xung ) Khi ng ADX ang tng, y l ch s xc nh xu hng mnh ang din ra. Trong 1 vi

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trng hp i n khi c im thch hp vo th trng s khng hiu qu bi v xu hng tng c th bi vut mt v im vo th trng ti a li nhun ca bn i khi qu chm. Trong trng hp ny chng ta phi vo ngay khi c xu hng mnh. thc hin iu ny nh l 1 nguyn tc n gin, chng ta c th da vo sc tng ca ADX ( chng ta cng c th xem 1 s ch s khc ang tng bo hiu xu hng tng ang din ra ) , v t lnh MUA, bt k lc no RSI ang thp hn ngng cao 85. Nguyn tc ny gip chng ta xc nh nhanh chng im vo trong hu ht mi trng hp v kt qu cho thy ch cn giao dch khi ADX tng l 1 tng rt hay. ng RSI s gip trnh mua mc vt mua ( overbought) khi vt qua 85, trnh c nhng tnh hung qu mo him. ng RSI, tuy nhin, c vai tr rt quan trng khi m ADX ang theo chiu ngang hoc h xung. Trong trng hp ny nguyn tc l nu ng ADX khng tng chng ta phi hon li im vo lnh. Mt khi ng ADX khng a cho chng ta 1 tn hiu tt v sc mnh ca xu hng, cn b sung thm nhng ch s khc xc nh th trng c tim nng tng nh th no. Nu khng chng ta khng th chn c im tt vo th trng khi xu hng ln. Mt vi ng nh ng trung bnh ng MA 20 cng khng hiu qu khi p dng vi cc ch s ny. By gi, sau khi t lnh vo th trng vi s kt hp gia 2 ch s ADX v RSI, chng ta cng s kt hp chng xc nh im ra. Khi th trng ang tng, nhng xu hng khng cn mnh . chng ta s da vo ng RSI xc nh im ng lnh thun li nht thu li nhun. Mt v d khi bn ang giao dch vi RSI 9 tng n 75 80 im, y l tn hiu cho thy s hiu chnh sp xy ra. Nu xu hng th trng khng cn mnh chng ta nn vui v vi khong li nhun c c thay v i n vic ng lnh khi c s hiu chnh. Tuy nhin nu ADX vn tip tc tng chng ta c th mo him vi hi vng xu hng tip tc tng hn na. Khi ADX tng cng ta c th pht l ng RSI tip tc t li nhun. Vic nhn ni cho php chng ta tch ly li nhun v tip tc quan st RSI v th trng. i khi ADX tng nhng khng sc gi sc mua tip tc cao khi RSI t mc vt mua v c th 1 s ngi mua s t lnh i chiu. Lc ny chng ta nn lp tc thot lnh. Hoc chng ta c th pht l RSI cho n khi t mc li nhun mong mun. Di y l lp lun ca 1 h thng m theo ti kh hiu qu. ( nhng nu bn p dng bn phi theo cch thc ca mnh). Tt c nhng con s ti a ra cha c kim tra hay nh gi 1 cch khch quan. Mt v d l ng 20 day MA ch l 1 con s m ti ngh n trong u. Nhng n gip bn c nhng thng tin cn thit bt u v bn c th t xy dng cc nguyn tc giao dch trong khung thi gian thch hp nht. t lnh mua: - ng MA 20 phi tng - Nu ng ADX tng ( ADX hm nay cao hn 0.2 so vi hm qua ) t lnh mua nu ng

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RSI nh hn 85 - Nu ng ADX khng tng t lnh mua nu ng RSI 14 nh hn 50. Mt s nh giao dch thch la chn RSI mc 60, nhng 1 s khc li chn thp hn 40 Ra khi th trng: - ng ADX khng cn tng , thot lnh buy nu ng RSI 9 ln hn 75 - Nu ng ADX ang tng , v li nhun ln hn mc mong i bn khi ng RSI 9 ln hn mc 75 - Bn cn xc lp thm 1 vi nguyn tc thot lnh trnh thua l. Bn c th s dng thi gian qui nh ti a thot lnh cho mi khung thi gian khi gi bt u xung thp hn ng MA 20 hoc ng MA 20 bt u gim ( xem nguyn tc vo lnh th 1 )

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