Investors scrambled to raise money and participate in Auckland International Airport’s massive $1.4 billion capital raise which weighed on the New Zealand sharemarket.

The New Zealand sharemarket took an end-of-the-week breather after a strong start to the month, with leading blue-chip stocks coming off the boil.

The New Zealand sharemarket rebounded 1.5% to a 32-month high, led by the increasingly influential Fisher and Paykel Healthcare – with some corporate action in minnow stocks.

Energy generator Manawa surged more than 30% on the New Zealand sharemarket after receiving a takeover proposal from Contact valued at $1.86 billion and supported by major shareholders.

After dipping before midday, New Zealand shares closed marginally up on relatively high trading volumes despite a slow news Tuesday.

New Zealand shares bucked the trend across Asia as they edged higher, with Gentrack and Infratil among the leaders having been added to an Australian index, meaning passive investors will have to track the local companies.

New Zealand shares petered out ahead of US employment data seen as central to the Federal Reserve’s upcoming rate cuts, as Infratil and Fisher & Paykel Healthcare's lofty heights underpinned the weekly gain.

New Zealand shares climbed, and Infratil hit an all-time high as Australia’s A$24 billion (NZ$26b) AirTrunk deal stoked investors’ appetite for data centres.

New Zealand shares rose, outperforming Asian stock markets, as a slump in US chipmaker Nvidia weighed worldwide tech stocks, which aren’t a big feature on the local bourse.

New Zealand shares drifted lower as investors continued to digest the glut of information from earnings season and kept one eye on upcoming dividend payments.

New Zealand shares rose for a second day as it started the new month on renewed optimism that lower interest rates will revive the moribund economy.

Fletcher Building shares rallied after avoiding a product recall over a leaky pipes issue in Western Australia, leading the benchmark stock index higher.

New Zealand shares joined a global selloff as investors were disappointed by Nvidia’s strong result in the US, while more weak earnings at home added to the sombre mood.

New Zealand shares rose, paced by Scales Corp, after the apple exporter’s earnings bounced back from Cyclone Gabrielle in what’s been a generally soft earnings season. 

New Zealand shares fell as soft earnings from Tourism Holdings and Vulcan Steel highlighted the strains still facing the local economy. Spark New Zealand hit a four-year low. 

New Zealand shares rose for a second day, led by broadband network operator Chorus and its rosier dividend outlook, just as a pivot in US interest rates stokes investors’ appetite for reliable income stocks.