In response to a corporate event involving Fletcher Building Ltd, IFC Markets has announced a temporary suspension of trading in contracts for difference (CFDs) on the company's shares. The event, designated as an additional share issue, will result in the suspension of trading on #A-FBU effective September 25, 2024.

IFC Markets is taking this action to ensure proper management of its trading platform and to protect clients from potential market disruptions related to the corporate event. As part of this process, all open positions in #A-FBU will be automatically closed at the market closing price on September 24, 2024. In addition, all pending orders on affected stocks will be removed at the same time.

Fletcher Building Ltd, a large construction and building materials company based in New Zealand, has long been a popular asset for traders and investors, especially those who trade CFDs. The company's business covers construction, building products and infrastructure, having a significant impact on both the New Zealand and Australian markets.

Although #A-FBU CFD trading will be temporarily unavailable, IFC Markets has confirmed that trading will resume in the future. The firm plans to inform clients of the resumption of trading in Fletcher Building Ltd shares once the market stabilizes following the corporate event.

Clients of IFC Markets are advised to monitor their accounts and keep up to date with the latest news in order to react to new developments in time to avoid unforeseen losses.

It is worth noting that IFC Markets remains committed to providing a transparent and reliable trading environment for its clients worldwide.

For more information, clients are advised to visit the company's website or contact customer service for assistance with this suspension.