It was all quiet on the New Zealand sharemarket front today, even as the US Federal Reserve rate pause was announced, closely followed by the reveal that gross domestic product (GDP) had shrank 0.1%.

Auckland International Airport shares fell more than 3% today and almost pulled New Zealand’s sharemarket lower on the news that the airport was trimming its dividend policy.

The United States' Nasdaq index jumped to highs not seen since April last year during Monday trading but those offshore gains weren’t reflected in New Zealand’s tech stock sector on Tuesday.

The New Zealand sharemarket opened a crucial week for the economy with a fall of more than half a percent, punctured by some unusually large downward moves in some leading stocks.

Auckland International Airport jumped nearly 2% after Auckland council finally decided to sell 7% of its 18% shareholding, while the New Zealand sharemarket was down slightly.

The New Zealand sharemarket lost ground for the third successive day, weighed down by the Infratil equity raising and a sudden increase in wholesale interest rates.

It was back to the future for cancer diagnostic firm Pacific Edge after its price plunged more than 75% during a down day for the New Zealand sharemarket.

Ebos Group, A2 Milk, Synlait and Pacific Edge were the centre of attention with transformative developments, while the New Zealand sharemarket made a recovery after a midday slump.

Investors sat back and looked ahead to the King’s Birthday Weekend break as the New Zealand sharemarket drifted to a small loss.

A re-energised New Zealand sharemarket staged a strong rebound, driven by the two biggest stocks, as the deal on United States’ debt ceiling was sorted.

Nearly $1 billion worth of shares were traded in the May quarterly review of the MSCI global indices and the New Zealand sharemarket responded with a half percent fall.

The New Zealand sharemarket took a tumble in the last hour, falling nearly half a percent, as the latest reporting season featuring mixed financial results came to an end.

Fisher and Paykel Healthcare made a recovery and the New Zealand sharemarket surged nearly one percent on news that an agreement had been reached on the United States debt ceiling.

The weight of expectation pushed Fisher and Paykel Healthcare down more than 6% on the New Zealand sharemarket, which finished the week with a sharp 1% fall.

Star performer Mainfreight has consistently grown its earnings and dividends over the last 13 years but it took a tumble on the New Zealand sharemarket on a sombre outlook for the new financial year.

A surprised New Zealand sharemarket rallied nearly 1% after the Reserve Bank indicated it was done with raising interest rates.