New Zealand’s market edged down today but aged-care provider stocks lifted on the news that the government was putting $200 million towards funding pay parity in the health sector.

Ryman Healthcare’s lift in its share price after a rough week was a movement of note on an otherwise quiet day of trading on the local sharemarket with the US closed for Thanksgiving.

The New Zealand market ended the day almost flat after a flurry of half-year results showed weaker profits, the day after the Reserve Bank of NZ warned a recession was on the way.

The Reserve Bank of New Zealand shocked the market this afternoon with the revelation that its 75-basis-point cash rate hike could have been 100bps.

Aged-care provider and index heavyweight Ryman Healthcare dragged down New Zealand’s share market today as investors wait for the Reserve Bank of New Zealand’s cash rate hike tomorrow.

Heartland Group helped pull the market higher today, with most eyes still on the Reserve Bank of New Zealand (RBNZ) as it decides whether to hike the official cash rate by 50 or 75 basis points on Wednesday.

Meal kit company My Food Bag's shares fell 15.5% today but thanks to energy companies like Mercury, Contact, and Meridian having a good day, New Zealand’s market still ended the day in positive territory.

The Goodfellow family’s investment vehicle Amalgamated Dairies has called it quits on being a substantial shareholder of seafood company Sanford after cutting its 6% stake down to just 1.3% today.

Pacific Edge’s shares jumped as much as 6.3% as investors wait for the cancer diagnostic company to reveal whether major US health insurance provider will keep using its bladder tests.

Property stocks edged down in New Zealand's market today even though data from the Real Estate Institute of New Zealand (Reinz) today indicated house prices appear to be stabilising.

The New Zealand market slipped on Monday as investors took it easy to start off a busy week of earnings and annual meetings.

Ebos Group led New Zealand’s benchmark index higher on Friday, a day in which it was buoyed by weaker-then-expected inflation figures out of the United States.

The New Zealand local market ended the day in the red, despite strong earnings from heavy-weight stocks like global logistics company Mainfreight.

Manawa Energy’s earnings disappointed investors, taking the New Zealand benchmark index into negative territory late in the day.

Weaker-than-expected consumer sentiment figures across the Tasman and China’s continuing zero-covid policy dragged New Zealand’s benchmark index lower today.

The prospect of China dropping its zero-covid policy, plus solid job data out of the United States helped push the New Zealand stock exchange (NZX) into positive territory to start the week.