While half the market was on holidays – or shuffling papers and waiting for the long weekend to begin – trading teams at Jarden and UBS were busy in the most simple of tasks: buying up Commonwealth Bank shares.
Despite a pretty sluggish market – in between the Easter and Anzac Day long weekend holidays – and little news flow or sell-side research, more than $1.5 billion in CBA shares changed hands that day. For context, this is about three times the number of shares that trade during a normal day.
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