/ 9 September 2008

Business as usual at JSE

It was business as usual at the JSE on Tuesday after technical problems halted business for the first seven hours on Monday.

The exchange opened at 9am on Tuesday and was trading normally, said the JSE’s chief operating officer, Leanne Parsons.

Asked if any glitches were anticipated, she said: ”We never anticipate glitches.”

She said the problem that halted trading for seven hours on Monday had been that of the London Stock Exchange.

The technical fault occurred on one of the most important trading days of the year, following the United States government’s bail-out of mortgage lenders Freddie Mac and Fannie Mae.

At 9.34am on Tuesday, the JSE’s all-share index was down 0,72% at 26 048,82. — Sapa, Reuters