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At 3:24 pm on Wednesday, Nel’s stock was put on hold by the Oslo Stock Exchange and was followed three minutes later by another stock market break, but this time in Next Biometrics stock.
In two separate stock announcements, the Oslo Stock Exchange wrote that trading in Nel’s stock was halted due to a “technical event,” while trading in Next’s stock was paused to examine the price increase.
Geir Harald Aase, Communications Manager for the Oslo Stock Exchange, admits that it was printed incorrectly when the next action was paused.
– It was human error. When Next Biometrics was to be paused, someone accidentally pressed Nel instead, says Aase.
“Unusual event”
Aase says this happens very rarely and considers the incident to be unusual.
– When we introduce disruptions to the stock market, it is a manual process, as opposed to a “circuit breaker” which is an automatic business disruption. You must have your tongue in your mouth when you do this, says Aase.
Geir Harald Aase Head of Communications Oslo Børs. (Photo: Øyvind Elvsborg)
Next Biometrics produces fingerprint sensors and is listed on the Oslo Stock Exchange. The company has a market value of NOK 201.6 million and is up just under 40 percent so far on Wednesday. One share is trading at NOK 2.6.
The share is so far on Wednesday the 49th the most traded on the stock market.
Hydrogen company Nel has been a top favorite on the stock market this year, and so far Wednesday is the most traded stock on the exchange, ahead of giants like Equinor, DNB and Mowi. Nel rises around 4.3 percent and is trading at around NOK 22.4. The company has a market value of NOK 31.6 billion.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
