Every month (and every quarter) the Johannesburg Stock Exchange closes derivative and equity trading for *15 minutes, with JSE-related trades closing for 30 minutes on EasyEquities from 11h50 until 12h20.
The JSE has predetermined dates on which the quarterly close-outs take place. These close-outs should usually happen on the third Thursday of each month.
The 'what' and 'why' of the quarterly close-out:
This temporary halt on the markets happens for all JSE listed equities, and in addition to determining opening and closing prices, it is also done to facilitate the transactions of significantly large volumes. This is done through an auction, which happens beyond retail investors’ reach. The 30-minute halt affects everyone buying and selling shares via any of their South African market-based accounts – so don’t feel hard done, we’re all in it together.
When does this happen?
It happens on the third Thursday of every month, but to make it easier to remember we have all the dates for 2023 below:
Remember: do not panic - it’s just an auction, nothing too serious. In the meantime, why not spend these 30 minutes upping your investment smarts by checking out the latest and greatest content on our Research Portal or some other nifty Blogs.
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