The New Zealand sharemarket couldn’t hold onto its big gains from the day before, but it is still heading for its best annual performance in four years.

The New Zealand sharemarket surged 1.75% after the Reserve Bank of NZ cut the official cash rate 50 basis points – with relieved property stocks enjoying a revival.

Leading companies Mainfreight and Summerset Group provided steady trading updates, but it wasn’t enough to stop the New Zealand sharemarket falling.

A resilient New Zealand sharemarket posted a handy gain amid continuing global tension over Middle East geopolitics and speculation China may produce another round of economic stimulus.

A resilient New Zealand sharemarket posted a handy gain amid continuing global tension over Middle East geopolitics and speculation China may produce another round of economic stimulus.

The mood of the New Zealand sharemarket improved with investors back buying blue-chip stocks and Hallenstein Glasson reaching a three-year high.

The New Zealand sharemarket, trading flat, was overshadowed by uncertainty over the escalating conflict in the Middle East and the size of next week’s interest rate cut here.

A more positive New Zealand sharemarket posted a healthy gain as two surveys showed business confidence is returning on the prospect of another interest rate cut next week.

The New Zealand sharemarket was hampered by end-of-quarter portfolio rebalancing in late heavy trading, while Hallenstein Glasson reported a solid annual result.

Global marketer a2 Milk brought end-of-week excitement to the New Zealand sharemarket, rising more than 10% and then going into a trading halt as it finalises a potential acquisition.

The New Zealand sharemarket surged more than 2% with renewed buying in blue-chip stocks on a day retailing icon The Warehouse reported one of its most challenging annual results.

Dairy co-operative giant Fonterra gave the New Zealand sharemarket, and the economy, some heart with a strong annual financial result that included an increased dividend.

The New Zealand sharemarket slipped to a six-week low as investors sold blue-chip stocks Fisher and Paykel Healthcare and Ebos to help fund Fletcher Building’s big capital raise.

Fletcher Building’s eighth capital raising in two decades – this one for $700 million – weighed heavily on the New Zealand sharemarket, which fell more than 0.5%.

The New Zealand sharemarket declined nearly 1.5% as stock prices bounced wildly on index rebalancing despite a sharp rebound on Wall Street.

The trans-Tasman sharemarkets fared better than their American counterparts following the Federal Reserve's cut in “the jumbo interest rate”.