Rubber goods manufacturer Skellerup and building materials and construction services company Fletcher Building pulled New Zealand’s market up by its bootstraps today.

Logistics company Mainfreight helped pull New Zealand’s stock market higher as it continued to ride a wave of upbeat earnings guidance from Friday.

Mainfreight’s shares hit a recent high after the global logistics company flagged a solid first half, but that wasn’t enough to keep the benchmark index in positive territory.

New Zealand’s market started the day with more pep in its step before trailing into the red by early evening, not helped by healthcare manufacturer Fisher & Paykel Healthcare slumping almost 4.5%.

New Zealand’s market was still digesting yesterday’s surprising inflation figures today, while dairy updates and swap rates were the biggest news for the rest of the market.

New Zealand’s market bounced up into the green even as unexpected consumer price figures stoked inflation worries.

A flurry of corporate news kept New Zealand’s share market occupied but the market still ended the day in a sombre mood as investors braced themselves for the release of NZ inflation data on Tuesday.

New inflation data out of the US overnight New Zealand time drove down US markets which then later soared, all before NZ investors had managed to drink their first coffee of the day.

The New Zealand market ended the day in the red as cautious investors wait to see what the US consumer price index (CPI) data says about inflation tomorrow.

Tourism Holdings surprised New Zealand’s market with new earnings guidance that pushed the company’s shares up by almost 7% and gave the index a boost as investors wait to see what’s revealed in new inflation data out of the US later this week.

New Zealand’s market perked up a little today after yesterday’s sharp decline of 1.7%, but investors are still hanging back to see what the economic tea leaves reveal in US data this week.

Pushpay surprised New Zealand’s market with a late trading halt this afternoon before revealing the software company had received another “non-binding proposal” that it was continuing to assess.

New Zealand shares gave up a short-lived rally on Friday, falling ahead of the release of important employment data over the weekend.

After two days of Australasian monetary hikes, New Zealand’s market was still very much in an interest-rate frame of mind today, with added volatility from US markets overnight edging the market down by the end of the day's trading.

The Reserve Bank of New Zealand (RBNZ) decided not to rock the boat and followed market expectations with a 50 basis point lift to the official cash rate by this afternoon – noting however it considered a 75-bps lift.

The Reserve Bank of Australia (RBA) has hiked rates by an expected 25 basis points, lifting its official cash rate to 2.6%, with the RBA governor warning that the central bank expects to increase interest rates further in the foreseeable period.