NZ shares dip as NZX outage stops trading early
The S&P/NZX 50 Index decreased 14.76 points, or 0.1 percent, to 11,226.83. Within the index, 24 stocks fell, 22 rose, and four were unchanged. Turnover was $65.7 million.
NZX halted all trading in the late afternoon due to a network connectivity issue. That was before the match period when final prices are set, and a large amount of the volume goes through the exchange. Just four stocks traded on volumes of more than a million shares.
“Following today’s network connectivity issue and consultation with cash market trading participants, NZX has determined not to reopen the cash markets for trading today,” the stock market operator said in a statement.
NZX said it was working with its vendor to see whether it could reopen derivatives markets for evening trading.
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