Sorry, but the source quoted by Yak is outdated. In particular there is now no such thing as an average price with possibly more decimal places than a normal trading price would have. One price is derived that will maximise the volume traded during the opening, subject to the buy and sell limit orders that exist pre-opening. If there is not one such price, fall-back rules are used; see the following URL for the full scoop:
http://www.asx.com.au/markets/l4/OpenClose_AM4.shtm
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Sorry, but the source quoted by Yak is outdated. In particular...
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