NZX to issue 'meme stock' scenario alerts

The NZX is looking out for price spikes. (Image: Getty)

Tue, 26 Sep 2023

NZX said today it would issue “trade with caution” alerts when it sees price spikes while monitoring listed companies.“NZ RegCo Surveillance has recently seen an increase in share price movements driven by retail investor momentum trading – where investors buy shares simply because they are going up. That creates the potential for a 'meme stock' trading scenario, which increases the risks of a disorderly market developing,” the stock exchange operator said in a statement.“This scenario also has the po...

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