Banks hit as short-sell curb lifted
May 25, 2009 (The Age - ABIX via COMTEX) -- By Lucy Battersby and Ruth Williams
Companies: Bank of Queensland Ltd. (BKQNF), Macquarie Group Ltd (MQBKY)
The Australian Securities & Investments Commission has ended the moratorium on short selling of financial sector stocks, even going so far as to abolish the ban a week earlier than previously planned. Fund management, banking and investment banking group shares such as Perpetual, Bank of Queensland or Macquarie Group fell by around 5%, more in some cases, after the announcement on 25 May 2009. Further declines are expected once hedge funds fully digest the news.
Publication Date: 26 May 2009
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ASX LIMITED - ASX ASX BANK OF QUEENSLAND LIMITED - ASX BOQ WESTPAC BANKING CORPORATION - ASX WBC BENDIGO AND ADELAIDE BANK LIMITED - ASX BEN PERPETUAL LIMITED - ASX PPT MACQUARIE GROUP LIMITED - ASX MQG IG MARKETS LIMITED MM AND E CAPITAL PTY LTD LEHMAN BROTHERS INCORPORATED AUSTRALIA. DEPT OF FINANCE AND DEREGULATION ALTERNATIVE INVESTMENT MANAGEMENT ASSOCIATION INVESTMENT AND FINANCIAL SERVICES ASSOCIATION LIMITED STANDARD AND POOR'S ASX ALL ORDINARIES INDEX
Copyright (C) 2009 ABIX. All rights reserved
News Provided by COMTEX
Companies: Bank of Queensland Ltd. (BKQNF), Macquarie Group Ltd (MQBKY)
Related terms: all ordinaries index, alternative investment, australia, bank, banking, finance, financial services, hedge fund, investment, investment banking, queensland, securities
Zibb.com
Zibb.co.uk
Zibb.fr
Zibbsearch.nl