Financials down on trader error
A trader accidentally sold 20 million QBE Insurance shares yesterday at $10, while the stock was trading around $15.70, causing the market to plunge by 2.3 per cent before recovering.
Challenger Financial was among the worst performers on the day, falling 12 per cent to 92c, a record low. National Australia Bank dropped 4.6 per cent and Commonwealth was also down.
Source: The Australian