00:00Why does the closing price change after 3:30 PM? Have you ever noticed? After 3:30 PM
00:05The closing price of a stock suddenly changes after the market closes. Does the exchange change the price?
00:11No. The NAC has a new system behind this called CAS, or closing auction session.
00:20system
00:21After the cash market closed at 3:00 pm, buy and sell orders were collected for some time.
00:26The exchange then selects a price that matches the most buyers and sellers. This is where the official exchange takes place.
00:35closing price. But why was this system introduced? Will it affect retail traders? And will yours now?
00:43trading strategy will change
00:48I've provided the full answer, with the fruit market example, in the full YouTube video. Go and see it now.
00:55You can watch the full video. Don't forget to subscribe and follow Chart Finance for daily market updates.
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