Glitch brings down NZX

TOM PULLAR-STRECKER
Last updated 17:25 01/07/2013

Relevant offers

Industries

Pornhub's whale advocacy won't actually help the whales all that much Bell Tea buys Christchurch's Hummingbird coffee company SkyCity convention centre deal starting to pay off 4500 new homes in latest announcement of Special Housing Areas Solid Energy has decision "pending" on whether to close Stockton Sex-tech entrepreneur Cindy Gallop says NZ could 'clean-up' in industry Emirates releases Auckland to Dubai pricing Petrol prices drop for second time this week to lowest in more than a year Wine company Indevin snaps up Winegrowers of Ara vineyards in Marlborough Highest rental returns found in Gisborne, realestate.co.nz survey finds

Trading on the NZX suffered an outage of nearly three hours after a computer glitch.

All trading on the NZX was halted shortly after noon following "connectivity issues" with a number of its computer systems, and resumed at 3pm.

Spokeswoman Kate McLaughlin said the NZX had decided to suspend trading on all of its markets in the interests of fairness and transparency.

A report would also be provided to the Financial Markets Authority, it said.

The NZX50 was down 10 points at 4430 at the time of the trading halt and fell 22.12 points or 0.49 per cent to close at 4,418.05.

The NZ dollar was trading at US 77.77c at 5.09pm and 84.62 Australian cents.

The 90-day bank bill rate was 2.68 per cent.

Grant Williamson, director of Christchurch broker Hamilton Hindin Greene said its stockbrokers did not get the afternoon off.

"The Australian market was still open and there were still clients to speak to," he said.

There would now be a little bit of a backlog of orders to clear. 

Ad Feedback

- BusinessDay.co.nz

Comments

Special offers

Featured Promotions

Sponsored Content