MARKET CLOSE: Network issue cuts bullish day short

MARKET CLOSE: Network issue cuts bullish day short
Dan Brunskill
An upbeat session was cut short this afternoon as an internet connectivity issue halted trading on the NZX. Tourism Holdings had been leading the market higher on vaccine optimism. 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 syste...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025