ASX Ltd
(ASX:ASX) has been issued a query into a recent spike in its share price, climbing 10 per cent in the last week.
In response, the Australian stock exchange operator says there are many factors that might have contributed to the share price movements and will discuss these further at its annual meeting tomorrow.
ASX says that it has had discussions with a small number of exchange groups regarding possible business combinations, while none of those discussions have resulted in a proposal.
The heightened level of traded volume and increases in price has fuelled media speculation.
A commentary piece in The Australian this morning says ASX’s stock price has sparked rumours about mergers and consolidations ahead of the company’s meeting.
ASX recorded a profit of $328.14 million in the 2010 fiscal year.
