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    AU auction descriptions

    Pre- and post-market auction phases:

    Session

    Sydney Time

    Pre-open

    7:00 AM - 10:00 AM

    Closing Auction

    4:00 PM - 4:12PM

    During the auction phases, the Australian Securities Exchange (ASX) will disclose the data related to the Indicative Price:

    Indicative Price

    Ranging from the highest bid price to the lowest ask price, Indicative Price is the price at which maximum number of shares can be traded if matching occurs.

    Indicative Volume

    Indicative Volume is the number of shares that can be matched at the Indicative Price.

    Surplus Volume

    Surplus Volume is equal to Cumulative Buy Quantity - Cumulative Sell Quantity. A positive sign (+) indicates a surplus will be left on the buy side, while a negative sign (-) indicates a surplus will remain on the sell side.

    For more details, please go to the website of the ASX.

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