The ASX (ASX:ASX) new website has not had the greatest debut this morning.

Our local bourse updated its website for the first time in several years and initially held up. Until around 9am, when it froze, meaning investors were unable to view company announcements.

The ASX has confirmed the issues with its website and reminded investors they can still access news via “brokers and news agencies”.

An ASX spokesperson told the Sydney Morning Herald that the issue was “a very high priority”.

Investors were still able to get the information they needed. All the biggest winners and losers in early trade released announcements after the website crash.

The refresh did have some positive features such as the ability to only display announcements for stocks in a certain sector, domicile or by announcement type.

Nonetheless, the speed of the site was poor enough to have investors, professional and retail alike, venting on Twitter and stock forums.

Other complaints about the ASX’s newest website included not seeing the ASX 200 index as soon as you load the home page, and a limit of 25 announcements on screen at one time.

More to come…

 

The biggest news today…

In case you missed it because of the problems with the new website, here are the biggest stories from the ASX this morning:

  • Azure Minerals (ASX:AZS) rose by nearly 50 per cent reporting intersecting significant nickel and copper sulphide mineralisation at its Pilbara project.
  • Large cap Link Administration (ASX:LNK) received a takeover offer from a private equity consortium led by Pacific Equity Partners and Carlyle Group. Shares rose by 25 per cent.
  • Speaking of takeovers, the battle for OptiComm (ASX:OPC) isn’t over yet. First State Super unveiled another offer for OptiComm at $6.50 per share. This was superior to Uniti Group’s (ASX:UWL) counter-offer which was made after First State’s initial bid. OptiComm shares rose by 5 per cent but Uniti shares fell by more than 20 per cent.
  • Empire Energy (ASX:EEG) reported intersecting “an extensive interval of liquid rich gas” at its Northern Territory project.
  • Cannabis stock Cann Group (ASX:CAN) announced its biggest shareholder, Aurora Cannabis, had sold its 11.84 per cent stake on Friday to undisclosed buyers.
  • Speedcast (ASX:SDA) has outlined its path to emerging from Chapter 11 bankruptcy. It has sealed a deal for a $500 million equity investment which would see it re-emerge next year. The plan provides for a cash payment to secured creditors but it does not contemplate a recovery for current shareholders who would lose their equity interest.

At Stockhead, we tell it like it is. While Azure Minerals is a Stockhead advertiser, it did not sponsor this article.

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