Because that's how the opening and closing auctions work.
The buyers with the highest bids and the sellers with the lowest offers get to the front of their respective queues.
They're then matched against each other and the final price is the one that clears the overlap.
They still end up getting the closing price, they just guarantee that they get there first.
CR Designed to be Successful, page-154
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.174K | 1.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 139 | 281199203 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 17818911 | 24 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |