See Catch's explanation DB...that's correct
It is the single most archaic, moronic and downright shameful practice
The ASX is effectively condoning, and, indeed, encouraging, blatant share price manipulation and criminal conduct
There are a number of brokers who, because they know precisely what time the orders will match at the close, deliberately manipulate the close to suit their agendas
You also often end up with a situation where a stock will close at a price at which IT NEVER ONCE TRADED during regular hours....utterly disgraceful
In this case, investors who took risks at 75-77c are not only losing money, but those who simply sat at 74 have unjustly benefited at their expense because of this brain dead system
I know for a fact other international markets have recognised this problem and have solved it by closing the market at a computer generated random time between 4pm and 4.10pm.....this negates the ability of brokers to manipulate the close as they don't know the precise time....They have been using this system since the nineties!!
But of course Australia, driven by the greed of the ASX ( coupled with the natural aversion to adopt any system which has a modicum of fairness, modernity and common sense) persists with this outrageous practice and then has the temerity to claim that it seeks to eliminate manipulation from trading
- Forums
- ASX - By Stock
- General Discussion
See Catch's explanation DB...that's correctIt is the single most...
-
- There are more pages in this discussion • 47 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 DXB (ASX) to my watchlist
|
|||||
Last
44.0¢ |
Change
-0.005(1.12%) |
Mkt cap ! $242.2M |
Open | High | Low | Value | Volume |
44.5¢ | 45.3¢ | 43.0¢ | $442.7K | 1.009M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1739 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 18062 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1739 | 0.440 |
3 | 123891 | 0.435 |
1 | 18062 | 0.430 |
4 | 54962 | 0.425 |
4 | 73413 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 18062 | 1 |
0.450 | 43062 | 2 |
0.455 | 95198 | 3 |
0.460 | 76666 | 3 |
0.465 | 39700 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
DXB (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online