Taking up where the Closing Auction left us yesterday... I see that there was approx R100mil-worth of GFi traded between 5 and 6pm. Now THIS, I believe, is the preserve of the chosen few (eventhough there was a trade for a SINGLE share at 9100 nogal). I note that despite the last trade being for 9273, the auction price seems to take precedence at 9350. How does this work? Anybody?
although they are logged after 17hoo they are indeed larger trades from during the day as far as i can imagine,. they are literally always within the days trading range,.. seems the only viable solution to me,..
trades booked during the day can be reported after 5 but before 6 as long as one party is internationl. And if you fell within the rules you too could do this. Striker, if this is all crookery, then surely you should just exit?
Thanks Simon, that seems to make sense. I assume this system is specifically to give traders in the "wrong" timezones an opportunity to trade SA stocks? I'd also assume that many of those international orders are submitted at specific prices and if that price level is reached during the day, then the trade gets reported betw 5-6? Obviously the trade itself does not happen at that time (aftermarket), because then they could trade in hindsight. Correct? hmm, I think my assumptions are wrong. Please advise.
beleive it will move above that? declare a loss, you only pay tax on your profits so for financial institutions this might be a way of avoiding certian tax's? only reason i can think of?? anyone else have an idea?