ASIC has therefore made the following decisions to apply from the opening of the market on Monday, 22 September 2008 until the End Date:
Contrary to ASIC’s announcement on Friday, covered short sales for all listed stocks will now not be permitted (subject to a limited authorised market-maker exception)
ASIC will reassess and advise the market in 30 days, whether or not it will at that time, or at a later date, reopen covered short sales for non-financial stocks.
Summary of ASIC's new position on short selling until the End Date
naked short selling banned
covered short selling banned (subject to limited authorised market-maker exemption)
ASIC will reassess and advise the market in 30 days, whether or not it will at that time, or at a later date, reopen covered short sales for non-financial stocks.
End date = the implementation of the Government's short selling legislation (the End Date):
ASIC has therefore made the following decisions to apply from...
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Last
8,176.9 |
Change
-28.500(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,205.4 | 8,223.5 | 8,164.8 |
| XJO (ASX) Chart |