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This is my take on it
MMs mark it up in early trades - then Buyers move out for a while - so sp drops helps MMs get to VWAP (Volume Weighted Average Price) - thereafter we seem to get a lift from US
All of this is only recently ie since sp began an upward trend
The opposite was also true when we dropped from £2 to £1.35
All IMO
ue, 30th Nov 2021 16:41
RNS Number : 0973U
BT Group PLC
30 November 2021
Second Price Monitoring Extension
A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes.
Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution.
The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices
This RNS was posted - followed by another 2nd Extension
ue, 30th Nov 2021 16:36
RNS Number : 0958U
BT Group PLC
30 November 2021
Price Monitoring Extension
The auction call period has been extended in this security by 5 minutes.
Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices