Code Last % Chg Bid Offer Open High Low Vol
CBA 59.680 -1.27% 59.640 59.700 60.390 60.400 59.360 1,667,970
Ok another question. I feel bad for spamming this forum but I hope this helps other newbies too!
Had a search but couldn't find what I was looking for.
Anyway, i'm just trying to interpret the price announcements for CBA.
As I understand it:
Bid = Price at which I can sell to a bidder
Offer = Price at which I can buy from a seller
Open = Price the stock opened at
High = Highest price reached
Low = Lowest price reached
Vol = Amount of shares traded
Last = Last price the share traded at
Now I have a couple questions.
Who sets the Bid price?
Who sets the Ask price?
How is the last price determined?
Where are the market forces, ie demand and supply?