Pre- and post-market auction phases:
Session | Sydney Time |
Pre-open | 7:00 AM - 10:00 AM |
Closing Auction | 4:00 PM - 4:12PM |
During the auction phases, the Australian Securities Exchange (ASX) will disclose the data related to the Indicative Price:
Indicative Price
Ranging from the highest bid price to the lowest ask price, Indicative Price is the price at which maximum number of shares can be traded if matching occurs.
Indicative Volume
Indicative Volume is the number of shares that can be matched at the Indicative Price.
Surplus Volume
Surplus Volume is equal to Cumulative Buy Quantity- Cumulative Sell Quantity. A positive sign (+) indicates a surplus will be left on the buy side, while a negative sign (-) indicates a surplus will remain on the sell side.
For more details, please go to the website of the ASX at ASX Auctions.
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