Australia Market ends early on technical glitches

Australian share market closed before scheduled session on Monday, 19 September 2016, as technical problems which delayed the market open have continued to plague the ASX. The ASX delayed the normal 10 a.m. local time equity market opening until 11:30 a.m. due to an issue relating to a component that allows it to manage individual stocks, Matthew Gibbs, a spokesman for the ASX in Sydney said earlier, adding that the company was working with its technology vendor Nasdaq Inc. to prevent a recurrence. It then halted trading in the afternoon before canceling it for the rest of the day. Among ASX sectors, technology, consumer goods, retailers, and energy stocks declined while materials & resources stocks ended firmer. At close of trade, the benchmark S&P/ASX 200 index fell 1.90 points, or 0.04%, to 5,294.80, while the broader All Ordinaries index has lost 3 points, or 0.06%, to 5,393.70. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 480 to 427 and 333 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 21.09% to 11.863.

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