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Hi, I’ve found the listed stock. But i thought the price should only change when there are movements in the SSEC index.
Do you know why does the price still change after the SSEC is closed ?
ReplyHi Dennis,
The ETF is traded on the secondary market and prices are quoted by market participants as well as market makers.
The actual traded market value of an ETF can deviate from its underlying index. This is because the prices are determined by buy/sell demand and supply. However, arbitrage opportunities will mean the price should trade at close to NAV.
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