Pizza Hut and KFC operator Restaurant Brands plunged more than 12% after dramatically lowering its profit outlook as the New Zealand sharemarket opened the week on a flat note.

The New Zealand sharemarket finished the week with a very small gain, but investors are wary about the continuing rise in long-term bond yields.

The New Zealand sharemarket was down slightly as the United States credit rating downgrade reverberated around weaker offshore bourses.

The New Zealand sharemarket shrugged off weak offshore bourses as the United States credit rating was downgraded because of “a steady deterioration in standards of governance”.

The New Zealand sharemarket retreated more than half a percent on light trading as the Reserve Bank of Australia kept its official cash rate unchanged for the second straight month.

The New Zealand sharemarket jumped nearly one percent as business confidence reached its highest level for nearly two years, albeit still comparatively low.

Leading stock Mainfreight had a turbulent day following its weaker trading update as the New Zealand sharemarket ended the week on a flat note.

Leading stocks Mainfreight and Ryman Healthcare both sounded warnings of a slowing domestic economy and earnings growth, and the New Zealand sharemarket traded flat.

The New Zealand sharemarket perked up after news that Australian inflation is falling faster than most commentators expected.

An uncertain New Zealand sharemarket gave up all the gains made the day before, with heavyweight Fisher and Paykel Healthcare leading the way down.

The New Zealand sharemarket began the week with a rise of more than half a percent, with the gains widely spread across the main board amongst the big and small-cap stocks.

The New Zealand sharemarket finished one of the quietest weeks of the year with another flat trading day, while some of the steam came out of United States stocks.

The New Zealand sharemarket continued a steady-as-she-goes course on quiet trading, while a buoyant Wall Street is having a jolly good time.

The New Zealand sharemarket made a small gain on further evidence that inflation is falling, but investors are wary that another official cash rate rise is on the cards by the end of the year.

The New Zealand sharemarket drifted sideways in a quiet day’s trading, while small-cap stock Metro Performance Glass rejected a takeover bid by two prominent businessmen.

The New Zealand sharemarket dipped more than half a percent as interest rate-sensitive energy stocks took a hit ahead of this week’s latest inflation data.