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
It's the closing price auction process. Market closes at 4.00pm...
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Last
$18.24 |
Change
0.270(1.50%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.11 | $18.26 | $18.10 | $18.50M | 1.018M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 359 | $18.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.25 | 9286 | 9 |
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| Last trade - 10.20am 22/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |