I'm not too sure what the correct term for this is but i often notice for some stocks that are highly traded that roughly on or at 4:00 just on market close/pre close that buyers place bids above last trade and sellers place sells at below last trade.
I often think this process is to 'mark the close' but now i see another side of it, almost like buyers/sellers jumping the queue (if you get what i mean) by selling lower/bidding higher to meet each others' trades.
Another way I see it is that, each side tries to mark the close by bidding higher/selling lower and each side puts more or less/just enough to get their way.
Can I get people's opinions on this?
pre close trades
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Last
$64.97 |
Change
-0.010(0.02%) |
Mkt cap ! $12.59B | |||
| Open | High | Low | Value | Volume |
| $64.98 | $65.50 | $64.22 | $26.87M | 414.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107 | $64.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.98 | 807 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |