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JSE shakes off technical glitch

Jul 12 2010 11:12

Company Data

Jse [JSE : JSE]

Last traded R73.78
Change R0.42
% Change 0.57%
Cumulative volume 215,578
Market cap R6.41bn

Last Updated: 28/05/2012 at 17:43. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Mtn Group [JSE : MTN]

Last traded R132.90
Change R-0.25
% Change -0.19%
Cumulative volume 1.64m
Market cap R250.51bn

Last Updated: 28/05/2012 at 17:43. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - The Johannesburg Stock Exchange delayed the start of equity trading by 90 minutes on Monday due to a problem with its network, the latest technical glitch to stymie trade at Africa's biggest bourse.

"We've had issues with our international connectivity," JSE Ltd [JSE:JSE] chief operating officer Leanne Parsons told Reuters in a phone interview.

The JSE's overseas link is managed by South Africa's MTN Group [JSE:MTN], she said.

The delay comes as the JSE has seen an upswing in demand from foreign investors, who have bought nearly R19bn  net of equities so far in 2010.

It is not the first time the JSE is hit by technical woes. In September 2008 it halted trading for several hours due to connectivity problems. In March its regulatory news service failed to update for several hours.

Parsons said no decision had been made yet on whether the bourse would extend trading hours following the delay.

Trading on Monday began at 10:30, 90 minutes later than usual.

 - Reuters

 
 
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