My understanding is its a way to buy or sell large number of shares without causing large swing in sp. If you place a buy or sell for 10 million at market the price jumps but if you just keep buying in $50 increments you get what you want without moving sp, unless you keep doing same for weeks then it has to slowly move one way or the other.
I think it should be illegal if the average investor cant do it as well, its supposed to be an even playing field.
Low Value Trades, page-8
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Last
14.5¢ |
Change
0.010(7.41%) |
Mkt cap ! $676.5M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 15.0¢ | 13.5¢ | $1.160M | 8.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 344302 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 42942 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PYC (ASX) Chart |