This grouping of stars is about 300 million years old. This makes it middle-aged by open star cluster standards. The cluster stars that started off with moderate masses are still shining brightly with blue-white colours, but the more massive ones have already exhausted their supplies of hydrogen fuel and have become red giant stars. As a result the cluster appears rich in both blue and orange stars. The most massive stars in the original cluster will have already run through their brief but brilliant lives and exploded as supernovae long ago. There are also numerous less conspicuous fainter stars of lower mass that have longer lives and shine with yellow or red hues. NGC 3532 consists of around 400 stars in total.
Read the full desxription in the ESO news release