KEY POINTS:
A broker's research report and a Business Herald article have been credited with causing a jump in the share price of wine exporter Delegat's.
It climbed more than 10 per cent yesterday, prompting the Stock Exchange to ask the company if it was still in compliance with market rules on continuous disclosure.
The shares jumped 26c to $2.78 on higher than usual volume. They closed at $2.75.
Delegat's chief financial officer Stephen Dey responded that brokerage Goldman Sachs JB Were had released a research report on his company. The Herald had reported the industry harvest was heading for a slightly lower than forecast record crop.
Dey noted the article referred to the industry as a whole rather than Delegat's specifically. The company said it knew of no other reason for the rise.
