The Risk Professional: Yahoo! gets HSBC share price wrong
An error in the display of financial data at yahoo.co.uk shows that shares in HSBC fell in London yesterday. In fact, they rose.
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The yahoo.co.uk page dedicated to share HSBA displays a graph showing a steady upward trend throughout the day with just a small drop right at the end of the day.
The data shows a day's range of 721 - 734.4 and the graph suggests a close of 733.1
Quoting a day's opening of 725.5, yahoo.co.uk quotes a closing price of 724.61, a fall of 1.49p or just over one-fifth of one percent.
But that's not what actually happened. The graph is correct: the data is not.
HSBC's own website, using data from Reuters, says the closing price was 733.
But the definitive figure comes from the London Stock Exchange and there the closing figure is quoted as 732.3, an increase of 6.2p, or 0.85%.
As at publication time, Yahoo.Com's press office had not responded to our request for an explanation.
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