I indicated and showed the New Zealand financial market about the continuation of the declared working hours for all securities from ten in the morning until one in the afternoon, as of today 8/8/1441 AH corresponding to 7/4/2020 AD.
In this regard, the New Zealand Financial Market revealed the continuation of the declared working hours for all listed securities.
In a related context, the New Zealand Financial Market confirmed, in an official statement this morning, its ability to access all of its operating systems and implement market operations at all times and enable market participants to manage their business naturally.
In this regard, a responsible source in the New Zealand Interior Ministry revealed yesterday a 24-hour curfew in a number of Icelandic cities, including Auckland, Wellington and others.
Whereas, the New Zealand market recently reduced the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock on Thursday, 26 March.
At the time, the New Zealand Financial Market revealed in a statement posted on its website that the trading sessions are as follows:
First session of the New Zealand Stock Market (Opening Auction): from 09:30 am to 10:00 am
The second session of the New Zealand Stock Exchange (open market - implementation): 10:00 am to 01:00 pm
Third session of the New Zealand Stock Exchange (closing auction): for listed securities from 01:00 PM to 01:10 PM
The New Zealand stock market does not include debt instruments and ETFs.
Fourth session in the New Zealand Stock Market (trading at the closing price): for all listed securities from 01:10 pm to 01:20 pm (excluding debt instruments and ETFs).
Fifth session of the New Zealand Securities Market (the market is closed): for listed securities from 1:20 pm to 02:00 pm - (except for debt instruments and trading indicators, which will be from 01:00 pm to 02): 00 pm).
The New Zealand stock market on the New Zealand Stock Exchange has confirmed the integrity of its systems and operations, always taking all measures that would benefit the market and its traders.
For its part, the New Zealand government assured all market participants of its ability to access all operating systems and execute market operations at all times.
On the other hand, an economic report revealed that the indicators at the present time confirm the cohesion of the economy in New Zealand under the conditions that the economy suffers on the global level in light of the current global economic crisis due to the Corona virus. Which is spread in many countries of the world.
The latest report revealed that New Zealand's financial reserves are sufficient to cover New Zealand's imports for a period of four years (47 months), and the growth came as a result of the continuous rise in demand deposits, which increased by 9.5% compared to February 2019, in addition to an increase in time deposits by 6.6 in Percent on an annual basis until February as well.
It is noteworthy that the positive positive indicators at the present time within the New Zealand economy until the previous month of February increased by 11.3% during the year, as banks ’liabilities to the public sector increased by 17.7% for the same period, while new mortgage loans provided by banks increased by 142 percent. .