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Deutsche Lufthansa AG - LHA - Flash crash on IG charts


RENN

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LHA (Deutsche Lufthansa) price seems to have experienced a flash crash on 21st Sep but only on IG charts here. It looks like, before that time, the prices were over-representing the actual price and from that date, the price started to match other brokers price. My positions have obviously dropped due to this and I was wondering what's the reason of this crash on this platform? is it perhaps related to the issued rights?

 

 

Screenshot 2021-09-27 at 4.12.24 pm.png

Screenshot 2021-09-27 at 4.11.33 pm.png

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Hi @RENN

Thanks for the query

Yes, a rights issue will lead to more shares being issued to the market which leads to a dilution of the share price. The ex-date of the rights issue was 22/09/2021 which coincides with the fall in the share price. 

All the best 

Anda

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