The New Zealand sharemarket tumbled to its lowest level in 15 weeks following another earnings downgrade – this time from Fletcher Building, which fell nearly 10%.

After posting four out of five falls this week, the New Zealand sharemarket has slipped back into negative territory for the year.

An uncertain New Zealand sharemarket fell to its lowest level in nearly nine weeks, with many leading stocks being hit.

The New Zealand sharemarket drifted slightly lower on a quiet day, with leader Fisher and Paykel Healthcare again doing the hard graft.

The New Zealand sharemarket was down slightly, while investors across the Tasman were inspired by the Reserve Bank’s move to keep interest rates on hold.

Tourism Holdings plunged 36%, and Spark fell nearly 5% on significant earnings downgrades that rattled the New Zealand sharemarket.

The New Zealand sharemarket posted its fourth gain in five trading days and was again led by heavyweight Fisher and Paykel Healthcare, attracting renewed investor support.

The New Zealand sharemarket finished a quiet day flat, with Tourism Holdings going into a trading halt to finalise an expected earnings downgrade.

The New Zealand sharemarket followed sharp falls offshore on fresh investor concerns that the sticky inflation will delay interest rate cuts.

Technology company Serko surged nearly 20% on a strong business update as the New Zealand sharemarket posted a handy gain.

Fisher and Paykel Healthcare hit a 27-month high as it led the New Zealand sharemarket to a 1% gain on the back of a strong rally on Wall Street.

The New Zealand sharemarket bore the brunt of hotter-than-expected inflation data in the US that saw bond yields rise and more angst over the timing of any interest rate cuts.

Strong performances from Fisher and Paykel Healthcare and Ebos pushed the New Zealand sharemarket to its highest single-day rise in over five months – up more than 1%.

An uncertain New Zealand sharemarket was again lower, giving up well-earned gains from the day before, but there was some bargain hunting in cyclical retail stocks.

The New Zealand sharemarket posted a solid 0.5% gain, joining other regional sharemarkets in bouncing back as tension between Iran and Israel appeared to ease.

An Israeli counter-attack on Iran sent sharemarkets into further turmoil, with New Zealand and its defensive stocks faring the best in terms of falls.