The “circuit breaker rule” governs that “a stock will be allowed to trade ±15% from the close price at the opening of the market”. Explain the circuit breaker rule as utilized by the Jamaica Stock Exchange (JSE).

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 26P
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The “circuit breaker rule” governs that “a stock will be allowed to trade ±15% from the close price at the opening of the market”. Explain the circuit breaker rule as utilized by the Jamaica Stock Exchange (JSE). 

 

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