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General Category => Shares => Topic started by: Peter01 on July 22, 2014, 07:14:36 pm

Title: Huge trades on closing
Post by: Peter01 on July 22, 2014, 07:14:36 pm

Good day:

Could someone explain this to me:

Last 10 Trades Date stamp  Volume  Price (c) Value (R) 
22/07/2014 05:00:20  241 826   12 690    30 687 719.40  
22/07/2014 04:49:54  201     12 700                 5 527.00 
22/07/2014 04:49:54  64  12 700                     8 128.00 
22/07/2014 04:49:50  432  12 700                 54 864.00 
22/07/2014 04:49:50  227  12 700                 28 829.00 
22/07/2014 04:49:50  271  12 700                 34 417.00 
22/07/2014 04:49:50  37  12 700                     4 699.00 
22/07/2014 04:49:50  133  12 700                  16 891.00 
22/07/2014 04:49:50  1 100  12 700             139 700.00 
22/07/2014 04:49:49  528  12 698                  67 045.44 


This was te last 10 trades on Vodacom (VOD) for the day on closing someone buys a huge amount of shares at a lower price than the ruling price. I found this on KUMBA MTN VODACOM MR PRICE ect at about the same time each for, and at more than a couple million.

Why and how?

Have a great night >:(

Title: Re: Huge trades on closing
Post by: Orca on July 22, 2014, 09:04:10 pm

Yes. At close of day, there is an auction where all buys and sells at more or less the same price are matched together and executed. This is why you will see a massive amount of trades at close. This also happens at open where new trades are matched and executed. Sometimes you will see a rather big movement at open or close in a stock.
This does not mean that your bid at a low will be executed.