2. The fluctuation of the price before the opening shows that the trading volume of this price is the largest at this time, because in the call auction matchmaking stage, the price is determined by the maximum trading volume of a certain price as the opening price. If your entrusted purchase price is greater than the opening price at this stage, the transaction will be made at the opening price; if your entrusted purchase price is less than the opening price, the transaction will be made at the opening price.
3. In call auction stage, if the stock price rises to 10.9 yuan as you said, you will sell it at 10 yuan, and finally it depends on whether the opening price is greater than 10 yuan. If it is greater than 10 yuan, it will be closed; if it is less than 10 yuan, it will not be closed. Call auction's unfinished entrustment will automatically enter the continuous bidding, that is, it will enter the continuous bidding after 9: 30.
Extended data:
Call auction is completed in four steps:
first step
Determination of effective entrustment Under the limit of price fluctuation, the determination of effective entrustment is as follows: According to the closing price of securities in the previous trading day and the determined price range, the highest price and lowest price of the day are calculated. The effective price range is all the prices between the highest price limit and the lowest price limit of securities. Entrustments with price limit exceeding this range are invalid, and the system will automatically cancel the order.
Second step
Select the transaction price. First, select the price within the effective price range that makes all consignments produce maximum delivery. If there are more than two such prices, the transaction price shall be selected according to the following rules:
1. All buy orders above the selected price and all sell orders below the selected price can be closed.
2. The client with the same price must complete the transaction. If more than one price still meets the above conditions, the price closest to yesterday's market price should be chosen.
Third step
Centralized matching processing All purchase orders are arranged from high to low, and those with the same price limit are arranged according to the time of entering the system; All sales orders are arranged from low price limit to high price limit, and those with the same price limit are arranged according to the time of entering the system. Match the top trading orders one by one, that is, close the positions in the order of "price first, time with the same price first" until the closing conditions are not met, that is, there are no buying orders with price limit higher than or equal to the transaction price, or no selling orders with price limit lower than or equal to the transaction price. All transactions are conducted at the same transaction price.
Fourth step
Market enlightenment
1. If the trading volume of the security is zero, the trading price will be displayed as the opening price, the latest trading price, the highest price and the lowest price, and the trading volume and amount will be displayed.
2. Among the remaining valid commissions, the actual highest bid is displayed as the bid. If the highest bid does not exist, the display is empty. The actual minimum selling price is displayed as the selling price. If the lowest selling price does not exist, the selling price is displayed as empty. If the entrusted auction fails to close, it will automatically enter the continuous auction.
References:
Baidu Encyclopedia _ Bid Auction