Monday 1st July 2013 |
Text too small? |
The NZX 50 index fell 0.3 percent after trading on New Zealand's stock market resumed after a three-hour outage over connectivity issues.
The benchmark index dropped 14 points when markets reopened at 3pm in New Zealand, and was recently at 4413.521, down 0.6 percent on the day. The stock market operator will investigate the outage, and will report back to the Financial Markets Authority and market participants in due course, it said.
The NZX experienced connectivity issues on a number of its systems around 12pm today, and decided to halt all trading while it undertook an urgent investigation into the problem. Shares in NZX fell 2.2 percent to $1.31 today.
In April, the Wellington-based company kept trading open when problems with its data feed kept retail investors in the dark over market announcements and live pricing.
The NZX launched the NASDAQ OMX X-stream trading platform last November as it looks to branch out into new securities trading, including derivatives and commodities.
The stock exchange had a major IT glitch in 2010 when failures in multiple hardware services disrupted index feeds until midday, meaning index pricing, such as the benchmark NZX 50 Index, wasn't available in morning trading.
BusinessDesk.co.nz
No comments yet
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update