The Australian share market was expected to open higher today but a technical glitch on the Australian Securities Exchange halted trade within minutes of open. No time has been provided for when we can expect trade to resume.
FNN speaks to ASX General Manager of Media and Communications, Matthew Gibbs, asking:
- What caused the techincal glitch?
- What will happen to the trades put through this morning?
- Does the frozen trade have anything to do with rival Chi-X, due to start trading soon?
- Where should traders be looking for an update to the situation?
Before the start of the trading day, the S&P/ASX 200 Index was 4,243.
On the futures market the SPI is currently 3 point higher.
Todays results and guidance
National Australia Bank Limited (ASX:NAB) has exceeded analyst expectations and delivered a record $5.22 billion net profit, up 23.6 per cent from the year before.
Ten Network Holdings Limited’s (ASX:TEN) full year net profit has dropped 90.5 per cent to $14.2 million. The broadcaster notched up $85.4 million in restructuring costs over the year.
Woolworths Limited (ASX:WOW) has posted first quarter sales growth of 4.9 per cent growth and confirmed its full year forecast for net profit growth of between 2 and 6 per cent.
Contractor Leighton Holdings Limited (ASX:LEI) has confirmed that it is on track to deliver an after tax profit of up to $650 million in the 2012 financial year.
Energy producer and retailer AGL Energy Limited (ASX:AGK) says it expects to deliver a 16 per cent increase in its full year underlying profit reaching up to $500 million.
