ASX 0.11% $63.84 asx limited

ASX is sued by ISX in Fed court, page-41

  1. 989 Posts.
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    I just googled "Listing rule 3.1"
    This came up:

    Listing Rule 3.1 requires a listed entity to disclose information “concerning it” that “a reasonable person would expect to have a material effect on the price or value of the entity's securities”

    ASX's share price actually went up 1.2% on the day of the news that ISX was suing it. This blows up the case that ASX should have announced it because it was a material, presumably negative event for ASX. The market is saying ASX got it right to not announce the news. If the ASX share price went down, even by just a few percent, upon ISX announcing the lawsuit, and the ASX didn't announce the lawsuit, the ASX might be in a spot of bother - but clearly this wasn't the case here.
 
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