NetEase Inc. announced that their Board of Directors approved a stock split, effective from Friday, October 2, 2020. Each NetEase shareholder will receive a dividend of four additional shares of common stock for each then-held share. NetEase shares will begin trading on a split-adjusted basis on October 2, 2020.
Since ATFX offers CFDs for NetEase (#NTES) shares, which are derived from NetEase shares on the US Exchange, the shares’ price will also undergo stock split.
|#NTES||NetEase, Inc. CFD||1:5 stock split||October 2, 2020|
The example below describes how #NTES 5-for-1 stock split affects current holding position
|Type||Volume (Lot)||Open Price||Trade Date|
|Buy||100||475.19||Before October 2, 2020|
|Buy||500||95.02||After October 2, 2020|
- All pending orders (Take Profit/Stop loss/Buy Limit/Sell Limit/Buy Stop/Sell Stop) will be DELETED.
- In order to ensure the price stability after the stock split and avoid the influence on clients’ trading, the trading hour of #NTES on October 2, 2020 will start on 16:38 (MT4 server time), which will have a 5-minute delay.
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