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4.44%

23.5¢ brainchip holdings ltd

2020 BRN Discussion, page-22732

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wilzy123

3,427 Posts.

897

05/01/21

17:07

Post #: 49958795
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Originally posted by Fact Finder: ↑

I know how it works but still cannot understand how it is that at open BRN will trade within 5 seconds of 10am at the matched price but at close it takes not 5 seconds but 20 minutes to do the same thing.

What this means is that as the commencement time cascades out down the alphabet that Brainchip or any company at the beginning of the alphabet trade longer every day than every other company until you get to the one starting with a "Z".

Poor old "Z" pays the same money to be listed but gets to trade for less time every day.

This matching of price is supposed to be algorithmically controlled so it should cascade down in exactly the same order as it opened which would ensure the amount of time every company is trading on the ASX give or take a few seconds is the same.

I suppose the so called orderly market excuse would be used to explain this anomaly.

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"Poor old "Z" pays the same money to be listed but gets to trade for less time every day."

Hehe not only that... but if the proverbial has hit the fan across the board in the US the night before or company Z drops a sour ann, they get more time pre-open to sweat on things. So glad we're a B and not a Z!

BRN Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.5¢		Change 0.010(4.44%)		Mkt cap ! $463.5M

Open	High	Low	Value	Volume
22.0¢	24.5¢	22.0¢	$2.565M	10.96M

Buyers (Bids)

No.	Vol.	Price($)
6	227996	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	343440	7

View Market Depth

No.	Vol.	Price($)
6	227996	0.235
18	609222	0.230
9	736634	0.225
32	1785383	0.220
32	1158704	0.215

Price($)	Vol.	No.
0.240	333440	6
0.245	796658	20
0.250	635506	28
0.255	1257125	17
0.260	726031	20

Last trade - 16.10pm 31/10/2024 (20 minute delay)

BRN (ASX) Chart

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