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.

The New Zealand sharemarket moved into the Matariki holiday with a near one percent gain on confidence that inflation is being tamed and bond yields have peaked.

The New Zealand sharemarket had a muted response to the hold on the official cash rate, while technology company Eroad rejected a takeover offer. 

The New Zealand sharemarket lacked direction ahead of the Reserve Bank’s latest monetary review while shares bounced back offshore.

The New Zealand sharemarket gave up all the strong gains made last week as it became preoccupied with the latest inflation moves here and overseas.

The New Zealand sharemarket showed resilience in the face of increased wholesale interest rates and a big fall in shares across the Tasman.

Pacific Edge made a rapid recovery, rising more than 110% after receiving a reprieve on funding for its Cxbladder tests in the United States, while an uncertain New Zealand sharemarket had its first fall in eight trading days.

The New Zealand sharemarket picked up steam late in the day and pushed through the 12,000 points mark for the first time in seven weeks.

The sharemarkets on both sides of the Tasman enjoyed another strong day after the Reserve Bank of Australia put a hold on interest rate rises.

The New Zealand sharemarket traded flat on the first day of the school holidays, but Comvita jumped more than 4% after making use of the prime minister’s visit to China by signing a new supply agreement.

The New Zealand sharemarket continued its broad-based rally with a near one percent rise, and utilities investor Infratil was quickly back to an all-time high.

A chirpy New Zealand sharemarket made further strong gains on more positive economic data – this time business confidence at home.

Investor sentiment suddenly changed offshore – consumer confidence is high in the United States – and the New Zealand sharemarket joined the party with a three-quarter percent gain.

The New Zealand sharemarket slipped into a slumber on another day of light trading, with little movement among the leading stocks.