The New Zealand sharemarket’s five-day winning streak has ended abruptly, driven in part by weaker banking stocks.

New Zealand’s sharemarket extended its rally for a fifth day as dual-listed Westpac kicked off the bank reporting season with an increased dividend and a share buyback.

The re-energised New Zealand sharemarket made another significant gain on a lively day featuring a $150 million takeover offer for MHM Automation, one of the country’s oldest engineering companies.

The blue-chip stocks picked up a head of steam as the New Zealand sharemarket recorded its biggest single-day rise in nearly a year with a surge of more than 1.7%.

The New Zealand sharemarket continued its rebound, with bellwether stocks Mainfreight and Freightways making ground and a softer labour market keeping a lid on inflation.

The New Zealand sharemarket had a welcome gain as stocks on Wall Street rebounded strongly, and business confidence picked up locally.

The New Zealand sharemarket had its seventh successive fall as it continued to be battered by increased interest rates and a weak NZ dollar.

The New Zealand sharemarket hit a 16-month low with a fall of nearly 1% following further mixed messages on company earnings from the latest annual meetings.

The New Zealand share market ended lower as annual meeting confessions continued to disappoint.

The New Zealand sharemarket continued to lose ground as stocks were still boxed in by high interest rates and modest earnings expectations.

Transport hardware and software company Eroad led the local share market lower as rising bond yields continue to weigh on the outlook for technology stocks.

New Zealand stocks buckled under the weight of rising bond yields, taking the market to its lowest point for the year to date.

A worsening geopolitical situation and the continued march higher of bond yields drove New Zealand stocks lower across the board.

New Zealand’s benchmark index flattened out on Wednesday after a quiet day on the market in terms of news, which gave investors more time to chew over yesterday’s consumer price inflation (CPI) data that came in much lower than expected.

New Zealand’s benchmark index edged up after consumer price index (CPI) data came in lower than most economists and the country’s central bank forecast.

New Zealand’s benchmark index fell almost 1% on the first day of market trading following the National party claiming victory at the 2023 election on Saturday night.