The exchange informed investors that the problem was related to limit-up and limit-down price bands-a mechanism designed to combat market volatility.
Price bands are set at a percentage level above and below the stock's average price to prevent rapid price movements from impeding the normal course of the market.
While the issue was fixed after the rolling out of a new software release was believed to be behind the glitch, it underscores the critical aspect of technology in financial markets and the importance of a solid understanding of the technological solutions that are put in place.
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