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Market sources believe that a typo was made by a TASE member, which wanted to sell shares in another company.
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/ By Hillel Koren /
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Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
The share price of Israel Corporation (TASE: ILCO) fell 99.88% for a few minutes today, activating the fluctuation breaker under Tel Aviv Stock Exchange (TASE) rules. At the moment, requests have been received to cancel erroneous transactions in the share.
Before the deals are canceled, the average daily transaction is down 84%.
Market sources believe that a typo by a TASE member, which wanted to sell shares in another company, placed a large sale order for Israel Corp. The mistake caused a 2.5% drop in the theoretical price of the Tel Aviv 25 Index.
Published by www.globes-online.com
