New Zealand’s sharemarket ended lower after Israel’s strike on Iran prompted a sell-off on major markets and a spike in oil prices.

The NZ sharemarket was flat on Thursday as investors looked overseas with concern after reports that Israel is considering a strike on Iran, affecting oil prices.

The NZ sharemarket lifted on Wednesday as Fletcher Building announced it had received inquiries from parties interested in buying its businesses.

SkyCity Entertainment Group reversed gains made earlier in the week after it fell victim to an index reshuffle.

A rebalancing of New Zealand’s benchmark index has benefited one listed retailer at the expense of another.

The Fletcher Building-SkyCity legal imbroglio reared its head again, making for a mixed day’s trading on a market already overshadowed by falls on major markets.

The New Zealand sharemarket was up on Thursday, buoyed by a rise in property company share prices.

The New Zealand sharemarket rose more than 1% on Wednesday, boosted by strong gains from power companies Meridian Energy and Mercury NZ.

New Zealand equities bounced around on market close after Ebos Healthcare's index weighting grew following a nearly $1 billion block trade last week.

Declining bond yields and significant gains among the bigger companies helped drive the New Zealand sharemarket to a strong finish.

The New Zealand sharemarket fell today after one of the largest investors in Ebos Group sold a significant number of shares.

The New Zealand sharemarket dropped sharply on Wednesday after the NZX’s largest listed company, Fisher & Paykel Healthcare, reported a weaker-than-expected forecast.

The New Zealand benchmark rose modestly as investors caught their breath ahead of a flurry of results and an expected rate cut in the coming days.

Another strong Turners Automotive result was not enough to keep the New Zealand sharemarket benchmark in positive territory to start the week.

The New Zealand sharemarket largely ignored the Budget to end weaker, which was driven partly by a fall in infrastructure investor Infratil and offshore influences.

The New Zealand sharemarket fell slightly on Thursday, reflecting declining markets in the United States, Japan and Australia.