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    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Open-outcry trading returns: London Metal Exchange reopens trading floor after 18 months

09/06/2021 | 10:41am EDT

Brokers returned to the UK’s only open trading pen today as the London Metal Exchange welcomed back floor trading for the first time in 18 months.

The exchange’s famous “ring” filled with traders and will be seen by many as a symbol of life returning to the Square Mile after trading on the site ceased during the pandemic.

The closure was the only time traders could no longer fill the floor since the Second World War.

But despite the return, the 144-year-old trading floor introduced a series of new rules that will remain in place indefinitely.

These include rules that traders will only be responsible for setting “official” prices of metals like aluminium and copper at around lunchtime.

It means the amount of trading time on the floor is reduced and closing prices will stay electronic.

The London Metal Exchange is the only exchange in the UK to have in-person trading, with the London Stock Exchange closing its trading floor in 1986 – although it still has ceremonial openings.

Bosses said ventilation has been improved and traders are encouraged to maintain social distancing and wear masks.

The post Open-outcry trading returns: London Metal Exchange reopens trading floor after 18 months appeared first on CityAM.

© City AM, source Newspaper

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Analyst Recommendations on HONG KONG EXCHANGES AND CLEARING LIMITED
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Financials
Sales 2021 22 181 M 2 853 M 2 853 M
Net income 2021 13 719 M 1 764 M 1 764 M
Net cash 2021 75 009 M 9 647 M 9 647 M
P/E ratio 2021 44,7x
Yield 2021 1,98%
Capitalization 609 B 78 342 M 78 333 M
EV / Sales 2021 24,1x
EV / Sales 2022 20,5x
Nbr of Employees 2 204
Free-Float 94,0%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
Duration : Period :
Hong Kong Exchanges and Clearing Limited Technical Analysis Chart | 388 | HK0388045442 | MarketScreener
Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 481,40 HKD
Average target price 548,26 HKD
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Alejandro Nicolas Aguzin Chief Executive Officer & Director
Romnesh Lamba Co-President
Chi Kin Tai Co-President, COO & Executive Director
Bik Yun Lau Group Chief Financial Officer
May Lung Cha Non-Executive Chairman
Sector and Competitors