The Market for Alternative Investment (mai) announced that it has placed a P sign to temporarily halt trading in shares of NCL International Logistics (NCL) starting this morning from 09:42 a.m. onward, after the individual stock automatic trading halt system, or Auto Pause, was triggered. The system detected that the total bid volume or total offer volume at all price levels for NCL shares surged beyond 15% of the company's total registered shares. According to the schedule, NCL shares will enter the Pre-Open session to recalculate the opening price again at 10:22 a.m. and will resume normal trading at 10:42 a.m. today. The Auto Pause measure is a regulatory mechanism of the stock exchange designed to curb volatility and give investors an opportunity to carefully consider news and information when unusually concentrated or abnormally large trading orders are detected within a short period of time.
NCL International Logistics Public Company Limitedmai placed a P sign and triggered an Auto Pause on NCL shares due to abnormally concentrated trading orders, a regulatory trading-halt mechanism.
