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.

New Zealand shares made marginal gains on Friday after swap rates backed off their highs and Fisher & Paykel Healthcare rose.

New Zealand's sharemarket fell on Thursday after the US Federal Reserve raised interest rates, but dairy stocks gained as A2 Milk was given new access to the US market.

New Zealand’s market edged down as investors hold their breath alongside the rest of the financial world before the next US Federal Reserve’s interest rate hike arrives tomorrow.

The kiwi dollar rose against its Aussie counterpart after the Australian central bank rate hike preserved most of New Zealand’s interest rate advantage.

Pushpay Holdings was the most traded stock on New Zealand's market today as investors weighed up the merits of the $1.53 billion takeover offer. 

SkyCity’s shareholders weren’t pleased with the casino operator at its annual meeting but the share price still jumped almost 4% on the back of its first-quarter earnings lifting 10%.

The New Zealand dollar hit a month high today while shares in healthcare manufacturer Ebos bounced up on the news of the company’s $3 billion revenue in its first quarter.

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.