What Happened With Hong Kong-Based Top Financial's Stock Today?

Zinger Key Points
  • Top Financial could benefit from increased capital in the markets resulting from China’s intensive stimulus package.
  • Other Asian brokerage firms, including Futu and Up Fintech, have also seen large price movements following China's stimulus packages.

TOP Financial Group Limited TOP shares soared on heavy volume Wednesday as shares of China-based companies continue to move higher following announcements of China's stimulus packages. 

The Details: China has announced a bevy of stimulus measures aimed at reviving its economy over the past week. The broad measures include lower interest rates, additional liquidity for the banking system and reduced real estate purchase restrictions. 

Additionally, China’s central bank will set up a swap facility that would give non-bank financial institutions access to at least $71 billion in funding to buy shares, in an effort aimed at stabilizing the country's stock market.

Read Next: What Happened With Trump Media & Technology Stock Today?

Top Financial Group is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The company could benefit from increased capital in the markets resulting from China's intensive stimulus package.

Other Asian brokerage firms, including Futu Holdings Ltd. FUTU and Up Fintech Holding Ltd. TIGR, have also seen large price movements following the announcement of China's stimulus measures. 

How To Buy TOP Stock:

By now you're likely curious about how to participate in the market for Top Financial — be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell.

The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit off of the share price decline.

TOP Price Action: According to Benzinga Pro, Top Financial Group shares ended Wednesday's session  61.58% higher at $2.86. After-hours, shares were up 19.62% to $3.42. 

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Photo: Gerd Altmann from Pixabay

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