just when you things are starting to move in the right direction there is a massive unload!!! surely having GSK is a great thing with them being involved?
Price monitoring extensions occur to reduce volatility in the market. They occur at the end of an auctionβs call period. When a price monitoring extension is issued this is to alert the market that there is an indicative uncrossing price (sometimes known as auction price) far away from the last electronically traded execution price. The goal of the price monitoring extension is to attract more market participants to get involved in the auction. This narrows the gap between the indicative uncrossing price to the current market price (assuming more market participants get involved).