Market falls prompts margin calls

Commonwealth Securities, Australia's biggest retail broker said it issued a record 133 margin calls this week as the share market suffers its biggest falls in months, although the numbers remain small in comparison with its large client base. CommSec said the “vast majority” had been met by the client injecting more cash into their account, suggesting they were not financially stretched. The All Ordinaries index is down by 4.5 per cent since it hit a record high of 5318 a week ago.

Advertisement