Just quickly @ Muppet.
I don't think you fully understand the idea of the closing auction. At this time trading stops for approx 10 mins and bids are placed in a similar fashion to the open. At about 4:10pm AEST trades are made at the point where buyers meet sellers, and all lower sells and higher buys get precedence at that price.
So ineffect a seller @ 7.5, is really just selling @ 7.6 and jumping the queue by putting there bid in lower.
- Forums
- ASX - By Stock
- CCC
- the ccc closing auction - always entertaining
the ccc closing auction - always entertaining, page-15
-
- There are more pages in this discussion • 7 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 CCC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online