MEXICO CITY: The Mexican Stock Exchange halted trading around noon Friday, and then three hours later declared an end to the trading day at its usual closing time.
At the time it gave no explanation of the decision. On its Twitter account, the exchange wrote that both decisions were taken in accordance with our internal regulations and operating manual.
But in a statement Friday night it said the cause was an error by a technology provider. The exchange’s trading is largely online.
The halting had generated rumors because there appeared to be no sudden drop that would have triggered a cut-off. The exchanges main index was up about 0.19% for the day.
The exchange completely discards that the suspension was due to a cyberattack, the statement said.
In an analysis report before Friday night’s statement, Mexico’s Banco BASE wrote that this is not the first time that trading has been suspended without prior notice, and although details were not provided, it is possible that a technical problem is involved, as has happened in previous years.
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