Business Irish

Sunday 20 August 2017

INM shares volume jumps

Peter Flanagan

Peter Flanagan

Trading levels in Independent News & Media – the parent of - spiked briefly on Wednesday after a single trade saw 30m shares in the company appear to change hands.

The surge was caused by routine trade known as a “roll over trade” which allows for an investor to move their holding between accounts.

The trade is booked as if there is a separate buyer and seller, but there is no change in ownership.

Shares in INM closed at just under 17c.

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