its not panic selling. The "Pre CSPA" phase on the Australian Securities Exchange (ASX) refers to the period before the Closing Single Price Auction (CSPA). This phase occurs from 4:00 PM to 4:10 PM Sydney time. During the Pre CSPA period, trading is halted, and brokers can enter, amend, or cancel orders in preparation for the CSPA. This phase is crucial as it sets the stage for the final price-setting auction of the trading day. The CSPA itself runs from 4:10 PM to 4:12 PM, during which the final trades of the day are executed at a single price determined through a weighted average of the last trade prices. This process helps ensure an orderly and fair market close
WTM Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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