Apple Stocks

I do not klnow what are you looking at Nasdaq-100; Nasdaq Financial-100; Nasdaq Composite?

Know more here --> About Nasdaq

Also, I am not sure when you looked at the closure value. See the pic below. A snapshot taken a few minutes back. Aug 30, 2023 1:54 PM (India Time)

The closure value of a stock, particularly those traded on stock exchanges like NASDAQ, is intricately tied to both the closing time of the stock exchange and the subsequent reconciliation processes that take place after the market's closure.

The closing time of a stock exchange, such as NASDAQ, marks the end of the trading day. It's the point at which the buying and selling of stocks for that day concludes. This time is significant because it establishes a reference point for determining the final prices at which stocks were traded. Investors and traders closely watch this moment as it directly affects the valuation of their investments.

However, the closure value of a stock isn't immediately set in stone at the closing time of the exchange. The reconciliation process comes into play here. Reconciliation refers to the procedures and checks that exchanges and clearinghouses undertake to ensure the accuracy and fairness of the day's trading activity. This involves verifying the trades executed, confirming the prices at which transactions occurred, and resolving any discrepancies or errors that might have arisen during the trading day.

Once the reconciliation process is complete, the exchange arrives at a final closure value for each stock. This value is crucial for various purposes, including calculating daily gains or losses for investors, updating portfolio valuations, and setting the starting point for the next trading day.

In essence, the closure value of stocks, particularly on exchanges like NYSE and NASDAQ, is a result of not only the closing time of the exchange but also the comprehensive and meticulous reconciliation processes that follow. This combination ensures that the financial markets operate fairly and transparently, providing accurate information to investors and maintaining the integrity of the trading system.