Network issue cuts bullish day short

The S&P/NZX 50 Index was trading up 72.11 points, or 0.6 percent, at 11,993.18 just before 4pm when the exchange lost its connection. Within the index, 30 stocks were up, 15 were down and five were unchanged. Turnover was $144.3 million.

The NZX was put in a trading halt after its network service provider encountered an issue this afternoon which impacted system connectivity this afternoon. The outage resulted in brokers being unable to access NZX’s systems or data via the internet.

Refinitiv confirmed stock exchange data was not updating and said an investigation was underway to confirm the scale and customer impact. A further update will be given to customers at 7pm.

Forsyth Barr’s director of institutional equities, David Price said the issue was extremely disruptive but was out of the NZX’s hands who are dependent on their internet provider.