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