[ad_1]
The Oslo Stock Exchange stopped trading in hydrogen stocks for a brief period, but that was never the intention.
Published:,
Both the shares of the hydrogen company Nel and the biometrics company Next were paralyzed on Wednesday afternoon.
However, he never intended to stop Nel’s action. A pure foul meant that Nel was arrested, according to communications director Geir Harald Aase at the Oslo Stock Exchange.
– There was a breakout in both, but it was in Next that a breakout would be introduced. By mistake, a stock market breakout was introduced in Nel, he tells E24.
also read
Hidden Nels owners: more than 140,000 small savers in Europe have bought the stock
– Just typing error
Aase explains the incident, which in a message was called a “technical incident.”
– It was simply a typing error, because it is a manual process when we introduce a breakout. The action was lost, he says.
Aase says he can’t remember anything similar ever happening before. The error occurred in the market monitoring department.
– It’s human error and a good reminder to stick your tongue in your mouth when introducing a break in the bag.
Both actions were paused a little before 3:30 p.m. on Wednesday,
Trading in Next’s stock was halted because the Oslo Stock Exchange wanted to examine price movements, after the stock had risen 39.3 percent.
Trading in Nel’s share resumed at 3:35 p.m.
also read
The gain of participation in the main client Nikola raises the result of Nel
Two tools
If trade irregularities occur, Exchange has mainly two tools that can be used. One is to pause an action or a value, which is done manually.
The second is an automatic trading stop that is triggered by the trading system itself. It pauses trading for a period of up to four minutes and is turned on when “large price movements in a security” occur.
Messages about NelMessages about Next
More on how Exchange pauses stocks:
also read
Oslo Stock Exchange Ready for Storm: Busiest Two Weeks Ever
