The head of the New Zealand government
The head of the New Zealand government

The financial market in New Zealand revealed the continuation of working hours announced for all securities to be from ten in the morning until one o'clock in the afternoon, starting today morning 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the New Zealand financial market revealed the continuation of working hours announced for all listed securities.

The New Zealand Financial Market confirmed, in an official statement this morning, its ability to access all its operational systems, implement market operations at all times and enable market participants to conduct their business normally.

In this regard, a responsible source in the New Zealand Ministry of the Interior revealed yesterday evening curfew 24 hours a day in a number of Icelandic cities, including Auckland, Wellington, and others.

Whereas, the New Zealand market recently decreased the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that 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

Second session of the New Zealand Stock Market (open market - implementation): 10:00 am to 01:00 pm

Third session of the New Zealand Stock Market (closing auction): for listed securities from 01:00 PM to 01:10 PM

The New Zealand stock market excludes debt instruments and ETFs.

Fourth session in the New Zealand Stock Market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (except for debt instruments and ETFs).

Fifth session of the New Zealand Stock Market (the market is closed): for listed securities from 1:20 pm to 02:00 pm - (with the exception of debt instruments and indexes traded where it will be from 01:00 pm to 02:00 pm).

The New Zealand stock market on the New Zealand Stock Exchange confirmed the integrity of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the New Zealand government assured all market participants of its ability to access all of its operating systems and implement 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 in light of the circumstance afflicting the economy at the global level in light of the current global economic crisis due to the Corona virus that is spread in many countries of the world.

The latest report revealed that New Zealand's financial reserves are sufficient to cover New Zealand imports by four years (47 months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 percent from February 2019, in addition to an increase in time deposits by 6.6 percent over Yearly basis also until February.

It should be noted that the vital positive indicators at the moment within the New Zealand economy until the previous February, increased by 11.3 per cent during the year, as banks ’liabilities to the public sector increased by 17.7 per cent for the same period, while new mortgage loans provided by banks rose 142 per cent. .