Click here to post a new related report
Error wipes QBE out
A trader error in a sell order sold 500,000 QBE shares at 1/10th of a cent. Stock in QBE, which opened at $23.09, to near worthlessness for eight minutes on the exchange. "Because the price error was so drastic it effectively removed the stock from the index," said ASX spokesman Matthew Gibbs.
-
- Share:
-
-
-
-
-
-
Reach -
Credibility
-
News Stories
- News Source: The Age | about 1 year agoAustralian sharemarket in seconds and sent a panic through the market. At 2pm yesterday, a broker placed an order to sell 500,000 QBE shares at 2¢, instead of $22.85. Within seconds the blue-chip insurance company's share price plummeted to 0.1¢.
- News Source: The Age | about 1 year agoA trader error in a sell order sold 500,000 QBE shares at 1/10th of a cent. Stock in QBE, which opened at $23.09, to near worthlessness for eight minutes on the exchange. "Because the price error was so drastic it effectively removed the stock from...
Site Links
Site Topics
Contributions
- Report Your News
- Add your voice and contribute via your cellphone - check out how to Report News via Your Cellphone
- Blog Widget
- Widget for Blog Owner
