The New Zealand sharemarket tumbled nearly 1% on the revelation that the country was in a deeper recession than expected – and the NZ dollar hit a 15-year low.

Clothing retailer Hallenstein Glasson received its own Christmas present, an all-time high for its share price, while the New Zealand market drifted lower on lighter trade.

A strong bounce from Mercury Energy helped push the New Zealand sharemarket to a near 1% gain – its third successive rise as it closes in on double-digit growth this year.

The New Zealand sharemarket had a late revival all thanks to Fisher and Paykel Healthcare, and is looking ahead to strong leads from crunch economic data and interest rate moves.

The New Zealand sharemarket ended the week positively while leading gentailers Contact and Mercury kept moving in different directions on rumours of MSCI global index changes.

The New Zealand sharemarket slipped more than 0.5%, while telco Spark has now netted $1.2 billion from exiting the mobile towers business.

Transport and logistics company Mainfreight and clothing retailer Hallenstein Glasson led the way as the New Zealand sharemarket bounced back from three consecutive falls.

The New Zealand sharemarket lost momentum in the afternoon and declined 0.6%, while across the Tasman the Reserve Bank has now kept interest rates on hold for a year.

Auckland International Airport again dominated trading on the New Zealand sharemarket as passive investment funds were forced to buy the stock to rebalance their portfolios.

The New Zealand sharemarket fell nearly 2% for the week after having to soak up the $1.3 billion sale of Auckland International Airport shares, with the airport now increasing its influence on the index.

The heavy trading in Auckland International Airport shares captured the attention of the New Zealand sharemarket, while the other stocks had a reasonably quiet day.

The New Zealand sharemarket slumped to one of its biggest single-day falls this year as investors rushed to free up funds and participate in Auckland International Airport’s $1.3 billion sale of stock.

The New Zealand sharemarket lacked any real direction on a quiet day’s trading – unable to cling to any economic and company developments.

The New Zealand sharemarket started the new week on a positive note, and telecommunications network provider Chorus came out firing with a pledge to be more competitive.

Software firm Gentrack has surged more than 30% in three trading days as the New Zealand sharemarket ended the week with a small gain.

Record half-year revenue from heavyweight Fisher and Paykel Healthcare couldn’t stop the New Zealand sharemarket falling more than 1%, while Ryman Healthcare again disappointed investors.