The Johannesburg Stock Exchange was running normally after technical hitches on Tuesday saw delays, the JSE said on Wednesday. Due to a problem experienced with the JSE’s primary and back-up transatlantic communication links, trading on the equities market was halted at approximately 3.29pm on Tuesday.
JSE director of corporate marketing and communication Geoff Rothschild said that: “To our best of our knowledge everything is running normally and we don’t anticipate any problems today.”
The communication link problem was corrected and the members were able to reconnect and commence the recovery of their systems. As there were sufficient members ready to trade, the market re-opened at 5.30pm.
During the course of this period, certain members experienced difficulty in trading and the market fairness equation was revisited. At this stage it was determined that a fair market did not exist and the decision was taken to close the market for the day.
The JSE said it regretted and apologised for any inconvenience this may have caused. – I-Net Bridge