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StumbleuponSYDNEY - The Australian Securities Exchange (ASX.AX: Quote, Profile, Research, Stock Buzz) has seen initial public offer activity fall in the first 12 weeks of the the 2009 business year, its chief executive said at its annual shareholders meeting on Wednesday.
Secondary capital raising remained robust, while trade execution volumes in the cash equities market have maintained growth rates, CEO Robert Elstone said in a statement to the meeting.
The Australian Securities and Investment Commission over the weekend banned two forms of short-selling, throwing the exchange into confusion Monday and delaying opening by nearly one hour. (Reporting by Mette Fraende)
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