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Australian shares stumble on technical issues, end flat

Monday, 19 Sep 2016 15:56:52 | Thuy Ong

The ASX says it will inform the market later about closing prices. (Brendan McDermid, file photo: Reuters)

Australian shares ended mostly flat in disruptive trade after the ASX suffered through technical difficulties that saw trades stop multiple times throughout the day.

Markets at 4:36pm (AEST)

  • ASX 200 flat at 5,295, All Ords -0.1% to 5,394
  • AUD: 75.4 US cents, 57.8 British pence, 76.9 Japanese yen, 67.5 euro cents, $NZ1.032
  • Futures: Euro STOXX 600 +0.8% to 338, FTSE +0.9% to 6,724, S&P 500 +0.4% to 2,141

The Australian Securities Exchange normally opens at 10:00am, but stocks did not begin to trade until 11.40am because of an internal problem with the ASX's online lodgement system.

The market fell before rising again, but was halted from trade just after 2pm, when shares were slightly lower. The ASX announced the market was officially shut for the day at around 3.30pm.

Trading volumes were miniscule, with around 134.5 million shares trading hands, compared to a daily average of around 600 million.

Around $1 billion was traded today, compared to an average of $3.8 billion that usually trades on a Monday.

Australia's main stock exchange said it would inform the market later about the process for determining closing prices and the status of orders.

Banks were mixed, with Commonwealth Bank ending flat and Westpac losing 0.1 per cent. ANZ jumped 1.2 per cent while NAB gained 0.1 per cent.

Woolworths was flat, while rival Wesfarmers dipped 0.5 per cent.

AustraliaPlus


 

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