The bizarre story of the Australian stock exchange with no stocks listed on it
Once a burgeoning bourse home to companies like Sigma, SPC Ardmona and Brumby's Bakeries, not much is going on at the Sydney Stock Exchange any more.
For the last eight months, the Sydney Stock Exchange (SSX) has been the financial equivalent of a pub with no beer ‒ a stockmarket with no shares changing hands on it.
The SSX suspended trading of its last listing, supplement retailer AHP Group, in October last year and hasn’t facilitated a cent of trading since then.
Owned by AIM Financial Group, a local investment group with a strong real estate and mortgage background, the exchange hasn’t done much of anything for a long time.
It did make a submission to the corporate regulator's inquiry into the future of Australia's capital markets, which was made public last week and piqued Capital Brief's interest.
