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A mystery software glitch shut down the Australian stock market for almost a full trading day.

The Australian Securities Exchange released a statement shortly before 11am AEDT but major shares appeared to have stopped trading 40 minutes earlier.

• Find the latest ASE Technology Holding Co., Ltd (ASX) stock quote, history, news and other vital information to help you with your stock trading and investing.
• ASX Group (ASX) offers a diverse range of market service activities linked by a common commitment to provide the infrastructure Australia needs to create a globally competitive capital market and a vibrant, robust economy.
• An overview of the second day of trading on the Australian Stock Exchange (ASX) stock market game. Find out whether I made more money or went backward.
• Over the next few weeks, teachers across the country will be registering high school students to take part in the ASX Sharemarket Game, which lets players 'experience what it is like to invest in the stock market'. I'd disagree with that. If investing were anything at all like this game, there wouldn't be a stockmarket in the first place.
• Before the game started I thought it was pretty stupid to not allow shorting in a bear market. ASX was in effect encourage people to fight the market. So I completed one trade within the 1st week just to get ranked, then I left the account alone. Ended up in national top 300, just by doing nothing.

'The ASX equity market is currently paused and there is no trading while we investigate market data issues,' it tweeted.

'ASX apologises for the disruption and is working to rectify the issue as soon as possible.'

The ASX is responsible for assets worth $1.7trillion, the world's third biggest pool of investment funds.

The error still hadn't been fixed after three hours when traders in Sydney were on their lunch break and still wasn't resolved when the market closed at 4pm.

Dominic Stevens, the ASX's managing director and chief executive, issued an apology after the market had closed.

'ASX is very disappointed with today's outage and sorry for the disruption caused to investors, customers and other market users,' he said.

'The outage falls short of the high standards we set ourselves and the standards others expect of us.'

© Provided by Daily Mail A mystery technical glitch has shut down the Australian stock market. The Australian Securities Exchange released a statement shortly before 11am AEDT

The stock exchange on Monday had launched a refreshed ASX Trade system, the trading platform for share trading.

The ASX confirmed a software issue had limited the trading of multiple securities to a single order creating inaccurate market data.

It promised to resolve the problem overnight in time for Tuesday's 10am reopening.

One concerned Twitter user asked if there was malice directed at the ASX.

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'Just admit it. You've been hacked,' the message said.

The technical fault appeared to have happened about 40 minutes before the initial ASX announcement, with mining giant BHP's shares frozen at $36.49 at 10.23am, just 23 minutes after the share market opened on Monday morning.

Commonwealth Bank shares halted at $74.49 a minute later, at 10.24am.

CMC Markets chief market strategist Michael McCarthy said an upsurge in interest from new share market investors was putting pressure on global stock markets.

'One of the challenges the whole investing world is facing is a huge surge in volumes,' he told Daily Mail Australia on Monday.

© Provided by Daily Mail The Australian Securities Exchange released a statement shortly before 11am AEDT but major shares appear to have stopped trading 40 minutes earlier

'We're hearing accounts that record number of accounts have been opened, record numbers of trades have been processed and it's not just here in Australia, it's around the world and that's stressing market infrastructure everywhere.'

Before trade was halted, the benchmark S&P/ASX200 was up 1.2 per cent following a strong lead from Wall Street in the United States, where the Nasdaq tech stocks index rose 1.02 per cent as the broader S&P500 climbed 1.36 per cent and the Dow Jones Industrial Average surged 1.37 per cent.

'We had seen positive performances from European and US shares on Friday night so we were looking at a pretty good start,' Mr McCarthy said.

Investors also backed Australia joining the Regional Comprehensive Economic Partnership, a trade agreement involving 15 nations in Asia and the Pacific.

© Provided by Daily Mail One concerned Twitter user asked if there was malice directed at the ASX© Provided by Daily Mail Investors also backed Australia joining the Regional Comprehensive Economic Partnership, a trade agreement involving 15 nations in Asia and the Pacific. Pictured is Trade Minister Simon Birmingham signing the agreement as Prime Minister Scott Morrison looks on

The Australian share market has surged by 42 per cent since bottoming out on March 23.

The stock market crashes of 1987 and 2008 took a decade to recover from but with interest rates at a record of just 0.1 per cent, investors are piling back into shares.

'It does to some extent reflect the fact that the market cycle has sped up along with the media cycle and the information that's now available to individual investors,' Mr McCarthy said.

'The speed of trading and the speed of the market cycle has lifted to match that increase in speed that we've seen in information.'

Young millennials with trading apps are also driving a resurgent in the share market, despite the coronavirus recession.

'There's a new generation coming through that are very comfortable with technology, in particular using their phone to do almost everything in life,' Mr McCarthy said.

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Generating a 33% return in 10 weeks is the stuff of dreams, even for the top echelon of active traders.

Yet this time it wasn't the achievement of a top professional trader. That honour goes instead to Daniel Goh, a Year 11 economics student at The Knox School in Victoria.

While Daniel's achievement is real, the return is hypothetical. Daniel was participating in the annual ASX Schools Sharemarket Game, where he beat a field of 16,800 students.

Students were given a virtual $50,000 to invest over 10 weeks in 220 listed ASX companies, with a maximum of 10 trades a day. The game has been running for 41 years, since 1977, originally being paper based before later going online in 1998.

During the 10 weeks of this year's edition, The All Ordinaries rose 1.51%. Healthcare stocks performed best, up 4.85%, while the telcos brought up the rear, down 7.02%.

Daniel's trades earned him a virtual $16,577. For his efforts, he was awarded $1000 - not virtual - which he plans to invest. A wise decision, if past performance is anything to go by.

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Daniel's success wasn't pot luck, far from it. Clearly wary of falling victim to concentration risk, he employed the tried and tested strategy of diversification.

'I diversified my investment in stocks and bought from a range of industries when prices were low and only sold when I believed the stock had hit its peak in price. I also watched the market daily.'

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Former market darling Bellamy's proved key to Daniel's success, as did AMP Ltd and CUV Pharmaceuticals.

Chris Brycki, Stockspot CEO and three-time winner of the competition by the time he was 17, believes the competition provides an effective introduction to Australian companies, the stock market, and financial awareness generally.

'It teaches kids financial literacy beyond credit cards,' he says.

'It's about how anyone can own part of great businesses that you interact with every day, and most importantly that a simple savings account won't cut it if you want to get ahead in life.'

The Knox School should have top business schools looking over their shoulders. It also boasted two other top-10 place getters - Year 11 student Joshua Danopoulos, who finished fifth, and Year 10 student Dillon McRoberts.

The Knox School's manager of strategy implementation and entrepreneurship educator Michelle Mitchell attributes the results to the school's 'personalised learning' approach.

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'Having three students do so well validates our goal of developing student agency, where young people are assisted to work out their interests, ambitions and passions and to follow them with careful confidence and giving their personal best.'

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