It's the closing price auction process. Market closes at 4.00pm (AEST) then has a 10 minute period where trades can be placed to determine the closing price of the day, as didicoco says just people wanting in/out for the day.
Same auction price happens to determine opening price of the day. Hope that answers the question.
Rurenga beat me too it
Iron ore price, page-38462
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Last
$20.68 |
Change
0.580(2.89%) |
Mkt cap ! $63.67B | |||
| Open | High | Low | Value | Volume |
| $21.26 | $21.59 | $20.48 | $371.6M | 17.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17519 | $20.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 1250 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |