RE: LSE Price?23 Mar 2020 08:25
HS I have often been confused by "low" & "high" prices quoted on LSE. I queried and got answer below.
"The 88 Energy Limited (TIDM : 88E) is trading under the ASQ1 trading segment. So as per the below rule which we have agreed with our business, we have to consider the Mid values for this segment.
Rule:
For instruments with segment different from ("SET0", "SET1", "SET2", "SET3", "STMM", "SSMM", "AMSM", "SSMU", "ETFS", "ETF2", "ETFU", "ETCS", "ETC2", "ETCU", "IECF", "EUE2")
o The “Mid Price” ((bid + offer)/2) is the summary price and high, low, net change and % change are based on it.
Therefore, the below tags/labels (in the summary table) are considered for 88 Energy Limited as it is coming under ASQ1 segment.
Mid Price ? is calculated as the average of the values of the on-book BBO as Bid + Offer / 2. Considering only on book order/quote.
Mid High ? is an intraday data and represent the maximum value of the Mid Price(Considering only on-book order/quotes).
Mid Low ? is an intraday data and represent the minimum value of the Mid Price (Considering only on-book order/quotes).
Bid ? Best buy Price. Considering only on-book order/quotes.
Offer ? Best offer price. Considering only on-book order/quotes.
If Mid Price, Mid High, Mid Low, Bid and Offer tags/labels are filled with values, this means that an order or quote has been published even if no trades (coming from on-book or off-book orders) have been executed yet, as occurred in the past days for 88 Energy Limited (only had off-book trades but there were on-book orders or quotes).
Please note that, on-book orders or quotes will not be displayed as trades under the Trades Table. This is why you cannot see the High Price (Mid-High) has not been traded for the day."
As clear as mud :-)
But check trades and we are probably near 100% "off book"
I am no stock market wizard but I have discovered with one or two exceptions not many (despite claims) actually are, hence checking with the source.
http://88ewiki.wikidot.com/the-markets