Sharechat Logo

NZX prices, data back in public view after 2-hour break; cause still unclear

Tuesday 23rd April 2013

Text too small?

Publication of prices and announcements resumed on the NZX after a two-hour spell where only market participants could see what was going on and the benchmark stock index climbed to a new record.

Retail investors wouldn't have known the NZX system had failed when the market was due to open at 10am. The first statement came 56 minutes later, saying that as market participants had access to live prices, the market "was able to trade as usual."

A spokeswoman for New Zealand's markets operator said "issues with the market depth feed" have been resolved. Stock prices began appearing just before noon and the NZX 50 Index was quoted at 4504.126, up 0.5 percent from yesterday's record close of 4483.65.

"The underlying cause of this incident is still under investigation," the spokeswoman said in a statement. "A full investigation will be undertaken and an update provided to the market once completed."

The NZX had offered to put trading halt on any stock that released price-sensitive announcements.

Trading on the NZX is drawing more interest from the public as the selldown of MightyRiverPower looms.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PCT - Delivering on strategy underpins strong operating result
KFL - August 2020 monthly update
BRM - August 2020 monthly update
MLN - August 2020 monthly update
Further COVID-19 Restrictions at SkyCity’s New Zealand Properties
FY20 results guidance met, Results date, Banking Facility
Sky sells OSB assets to NEP NZ, secures 10 year partnership
NZX fully operational - announcement re COVID-19
Heartland Market Update
Steel & Tube Fy20 Trading Update

IRG See IRG research reports