The reason for that is because these pre market guys are expecting that the price will rise for the day and want the opening price (with the expectation of day long price rises). Now you may be seeing bids significantly greater than the selling price but what happens is that the highest price gets the first sale therefore people are bidding for the first sale. Obviously the significantly higher price never gets sold - the super computer marries up to determine the price based on a variety of factors such as units, bidders and prices therefore lets say a stock is $5 and the opening bid is $6 - the sale price may only be 5.1 perhaps or may even be lower than $5 if sellers exceed buyers.
i hope this makes sence.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-36974
-
- There are more pages in this discussion • 18,794 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.17 |
Change
0.000(0.00%) |
Mkt cap ! $59.02B |
Open | High | Low | Value | Volume |
0.0¢ | $19.41 | $19.13 | $10.25M | 489.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4614 | $23.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.22 | 171 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4614 | 23.000 |
2 | 4737 | 22.000 |
1 | 16 | 20.190 |
1 | 41731 | 20.130 |
6 | 46518 | 20.120 |
Price($) | Vol. | No. |
---|---|---|
18.150 | 160 | 1 |
18.220 | 346 | 4 |
18.240 | 2445 | 1 |
18.500 | 2000 | 1 |
18.530 | 551 | 7 |
Last trade - 09.41am 01/11/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
Day chart unavailable