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Sudden move in SA 40 index

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How can the SA 40 index move about 400 points to upside when the majority of the shares are in the red?

Knocking out all stop loss levels and then bounces back below S.L.

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@Jab,  the spike is showing up on other broker feeds as well, diff time zone so bars not exactly the same but the price is.


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No sure I understand the "time zone" influence. this has not happened before as far as I can remember.

Very evident on 5 min South Africa 40 cash chart 

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I'm assuming you are referring to the bar this morning that spiked back up 400 points before continuing down.

The bottom chart is IG while the top chart (as above) is a different broker showing exactly the same move.



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