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Beach Dingo, that is what happens in the pre-open session and...

  1. 1,660 Posts.
    Beach Dingo, that is what happens in the pre-open session and the close of market. People put in their bids and sells just like an auction and it is then calculated on a formula what the opening and closing price will be. You can read more about it here on the ASX to give you a better picture.


    http://www.asx.com.au/resources/education/basics/open_Close.htm


    Cheers Crabs.
 
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