Browsing The Economic and Social Review, Vol. 39, No. 1, Spring, 2008 by Subject "Share prices"
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Opening and closing asymmetry: empirical analysis from ISE Xetra
(Economic & Social StudiesDublin, 2008)Overnight news yields difficulties for price discovery at market opening culminating in additional return volatility. Biais et al. (2007) show opening prices are sensitive to order flow from the pre-trading session. We ...