There are many reasons for the decline in the late auction, including the influence of bad news, the main lending and the specific situation of fund position adjustment. If the stock auction falls in the late session, the probability of falling in the second trading day is relatively high.
Call auction refers to a bidding method in which the exchange collectively sets the price after accepting the investor's trading declaration instruction for a period of time. Call auction generates the opening price and closing price of the trading day. The call auction time is: opening price at 9: 00 am15-9: 25 am and closing price at 2:57-3:00 pm.
What does late bidding mean?
Call auction in late trading is a trading behavior in the stock market. Late call auction refers to the price in the stock market around 2:57-3:00 pm, which actually determines the closing price of the day three minutes before the closing.
During this period, investors can boldly choose to quote a low price or a high price for shipment, which can effectively avoid some bookmakers from raising prices or breaking them at the last second before closing. Generally, at 14:57, you will see the first price in the market transaction as the reference benchmark, and hang a list below this price to sell, or hang a list above this price to buy.
It should be noted that this period, like the call auction operation between 9: 20 and 9: 25, cannot be cancelled.