absolutely agree. To get the price of trades to reflect true value of a stock, you need every trade to contain information about the buyer’s and seller’s opinion of value. When there is no cost to a trade, then you can hide the information contained in your true value trade by making a load of other trades between entities that you control at different prices. In effect each trade contains negative information because it hides the true information. A fee or tax per trade would reduce that, and could be tweaked until it reached a reasonable position.
CHN chart, page-2634
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Last
94.5¢ |
Change
-0.040(4.06%) |
Mkt cap ! $379.3M |
Open | High | Low | Value | Volume |
99.0¢ | $1.01 | 94.5¢ | $1.522M | 1.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 28031 | 94.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.0¢ | 71039 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 28031 | 0.945 |
9 | 62045 | 0.940 |
10 | 110689 | 0.935 |
13 | 66254 | 0.930 |
8 | 229314 | 0.925 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 71039 | 27 |
0.955 | 30351 | 6 |
0.960 | 16093 | 3 |
0.965 | 7706 | 3 |
0.970 | 100143 | 7 |
Last trade - 15.38pm 06/09/2024 (20 minute delay) ? |
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CHN (ASX) Chart |