Spanish Regulator Bans Short Selling Amid Coronavirus Driven Sell-off

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The Comisión Nacional del Mercado de Valores (CNMV), the Spanish market regulator, has imposed a one-day ban on short-selling of 69 Spanish stocks aimed at maintaining market stability following several major price drops. The ban is in effect for Friday’s trading sessions and applies to all liquid shares admitted to trading on the Spanish stock exchanges whose price has fallen by more than 10 percent yesterday. It also covers all illiquid shares whose price has fallen more than 20 percent on Thursday. The list affects a wide variety of sectors including, banking, real estate, automotive, entertainment, aviation and more.

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