12 shares traded

Sorry guys, didn't know where to put this as I have a question.
Why, oh why are there numerous 12 share trades going on the the last hour on differant companies.
AEZ 12 shares @ 10.25am
WHN 12 shares @ 11.28am
FAR 12 shares @ 11.02
PEN 12 shares @ 11.18
PRW 12 shares
TSV 12 shares @ 11.26am

Any suggestions.

Discl Hold all except AEZ

Quote:

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Originally Posted by Ponda

Sorry guys, didn't know where to put this as I have a question.
Why, oh why are there numerous 12 share trades going on the the last hour on differant companies.
AEZ 12 shares @ 10.25am
WHN 12 shares @ 11.28am
FAR 12 shares @ 11.02
PEN 12 shares @ 11.18
PRW 12 shares
TSV 12 shares @ 11.26am

Any suggestions.

Discl Hold all except AEZ

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Well spotted Ponda

But this isnt the only one. I noticed a lot of illiquid stocks also had this happening. Also they traded to the sell ( at 11.04 NZ time). Sounds like an index trader minupulating the market. The All ords was almost 2 % down. But now only 1%.

Also discused on HC. They came up with a far more extensive list of stocks where this was happening.

Quote:

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Originally Posted by Huang Chung

Also discused on HC. They came up with a far more extensive list of stocks where this was happening.

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Yeah, I found that after I posted on here. I think that there was at least 50 differant companies that had 12 shares traded.

This what I found out and posted there.

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Just spoke to my broker and he had the WTF answer.
His explaination, all be it slightly off the planet but i'll try and repeat it is:

"If a company (Share fund) has increased its client base by 12 in the last month he then goes and buys 1 share for each of his extra 12 clients."

So that will re-weight the portfolio for the extra clients.

How does that sound? To me i'm not convinced.