ABSA share trade halted: JSE

By Andy Rice 4 August 2010

Trading in ABSA shares has been halted, the JSE announced this afternoon, until the bank releases interim results. The bourse said trading was suspended because there were two levels of information in the market. ABSA's interim results for six months end-June 2010 were available in the Financial Mail magazine before it was released on Stock Exchange News Service. JSE regulations stipulate that results must be available to all shareholders at the same time, and in this case the bank was in clear violation of that regulation. Trading in ABSA shares will resume once one level of information has been restored in the market. Read more: Fin24 UPDATE: After Absa hastily released the results on Sens, trading in its shares resumed at 14:16, which kept the halt at just under one hour.

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