Fletcher Building’s $120 million half-year loss and executive resignations sent the New Zealand sharemarket into a spin, posting a fall of more than a half percent.

The New Zealand sharemarket had a topsy-turvy day after Vulcan Steel kicked off the latest reporting season with an expected sharp fall in earnings.

It was confession day on the New Zealand sharemarket with earnings revisions, a civil legal proceeding and further uncertainty surrounding Fletcher Building, all adding to a near 1% fall.

The New Zealand sharemarket was rattled by the suggestion from ANZ that the Reserve Bank of NZ could still hike the official cash rate twice this year.

The New Zealand sharemarket went against offshore trends and fell more than a half percent, dragged down by a clump of blue-chip stocks.

New Zealand’s sharemarket rose with investors inspired by two sets of economic data showing a resilient labour market and fast-improving dairy prices.

Fletcher Building slumped nearly 7% after a further $165 million blowout on the New Zealand International Convention Centre, but the sharemarket showed resilience by finishing flat. 

Heavyweight Fisher & Paykel Healthcare had a strong rise, leading the New Zealand sharemarket to its highest level in nearly six months.

Manuka honey producer Comvita plunged to a 12-year low on the New Zealand sharemarket with an earnings downgrade, and SkyCity Entertainment was on the rise after achieving a regulatory settlement.

Australian inflation fell more than expected, and its sharemarket hit an all-time high. But the New Zealand bourse ignored all that action and declined nearly half a%.

The New Zealand sharemarket, trading flat, shrugged off a Reserve Bank of NZ view that interest rates will have to stay higher for longer. However, the collapse of Godfreys will bring some uncertainty to the retail sector.

The New Zealand sharemarket had another quiet day, ignoring further gains on Wall Street, but it completed the week with a healthy rise of more than 1%.

The New Zealand sharemarket had a lacklustre day, unperturbed by the action offshore that saw computer software giant Microsoft join the elite US$3 trillion (NZ$4.9t) club.

The New Zealand sharemarket staged a strong turnaround after the latest consumer price index said annual inflation fell below 5% for the first time in 27 months.

The New Zealand sharemarket rebounded 1%, fuelled by strong performances offshore, with Wall Street at the centre of the action in a bull run.

The New Zealand sharemarket started the week on a positive note, with a2 Milk surging nearly 6% after finding renewed favour from investors.