Dear BRN community,
I'm coming over from the TLG threads to ask some ASX related question that effects (as far as I could see) almost all stocks at the ASX, but not all in the same manner. You guys seem to have more experience than us with these things, thats why I am coming here for the question. (nice 10% pop for you today
)
Today is a bad example, but I have observed quite a number of times that the share price seems to rise a few % in the last hour of a trading day. Look at the plot yesterday for an example which was quite typical. I didn't do any statistical analysis, but I bet that it would stick out if you do. I have seen it in TLG quite often and also a couple of times in BRN, though I dont follow BRN that closely.
Do you have any idea why that is? Does it have anything to do with canceled orders or maybe a change in bid-ask spread towards the end of a trading day? Is there a way to see the spread on the ASX?
Cheers,
Semmel