Hi guys, could someone fill me in...how do the prices come to be at the very open of trade? who does the calculation? i dont see how it can be market driven without the market opening (its a bit easier to understand market forces with the stocks duel listed in US or UK), you can take the open price in Oz as the closing price plus the overnight overseas movement - although this theory doesnt always work).
Does some one have a bit of a guess and then when the real market forces come into play at around 10.30ish, thats when you see a big drop off on the all ords chart?
I have always wondered about this.
Any insight would be great