Securities Commission probing disclosure of NZX indices news on Allied Farmers

Securities Commission spokesman Roger Marwick has confirmed to Interest.co.nz the Commission was "looking into issues related to the release of recent information by the NZX regarding Allied Farmers". Allied Farmers has asked the NZX for an explanation of what happened last week in regards to informing a non-public group that ALF shares were to become part of  the benchmark NZX50 Index from today, and then rescinded that position on Friday, as noted in The Herald. Allied Farmers' share price has gyrated within a 25% range over the last three days between 10.5 cents and 12.5 cents after the apparent disclosure of the news about Allied's index inclusion and then its exclusion on Thursday and Friday.