The local market was flat today as investors picked over a cash rate hike by the Reserve Bank of New Zealand (RBNZ), more half-year results and Russia’s president Vladimir Putin's threats to suspend Russia’s observation of a nuclear weapons reduction treaty.

The New Zealand sharemarket, now well into the reporting season, slipped nearly 1% as stock prices readjusted to earnings value based on their latest financial results.

New Zealand shares fell as Ryman Healthcare completed its bookbuild and investors worried about cyclone damage and interest rate policy.

A few stocks had a rough time on the local index today but none suffered quite as much as food kit company My Food Bag as its share price plummeted by almost 30% as it will pay no dividend this year.

Rubber goods manufacturer Skellerup announced a positive first-half result, but its share price still fell as investors expected more from the company.

Aged-care provider Ryman Healthcare surprised the market as it was getting into the flow of earnings season with the announcement of a $902 million capital raising.

The NZ government declared a national state of emergency today – the third time in the country’s history – while Vulcan Steel plunged more than 10% after revealing a first-half result below expectations.

New Zealand’s earnings season kicked off today with Contact Energy first out of the gate and a surprise earnings downgrade from Fletcher Building, which dragged the local index lower.

New Zealand King Salmon's shares rose today after a revised earnings guidance as the local market edged up in anticipation of the earnings season, which kicks off on Monday.

Logistics company Mainfreight fell more than 3.5% in early day trading after revealing its pace of revenue and earnings growth had started to slow in the December quarter.

Diversified logistics company Freightways' plan to dual-list on the Australian stock exchange was the biggest news to hit New Zealand’s index today as the local market chewed over the cash rate hike that came out of the Reserve Bank of Australia yesterday.

The Reserve Bank of Australia hiked its cash rate by a much-expected 25 basis points as the New Zealand market considered a flurry of small company announcements ahead of next week’s earnings season.

New Zealand’s market edged up again today, ending the week on a high as it added to January's gains.

The New Zealand dollar jumped one cent over the day, following the US Federal Reserve announcing an expected 25 basis point rate hike.

New Zealand’s benchmark index started strong on the first day of February, continuing the positive gains that the market made last month.

New Zealand’s domestic market was kept busy today with a smattering of company announcements while investors wait for multiple central banks to announce new monetary decisions.