New Zealand’s market wasn’t surprised by the Reserve Bank of NZ (RBNZ) lifting the official cash rate by 50 basis points to 2.5% – but the dollar still dropped slightly following the announcement.

An American pension fund company snapping up 70% of TowerCo in a $900 million deal with Spark helped lift the company's shares on the equities market today – but the general mood was still subdued ahead of the Reserve Bank of New Zealand’s monetary policy announcement tomorrow.

Investors’ fear of missing out (FOMO) last week did not make an appearance in the benchmark share index today as the markets wait on the Reserve Bank of New Zealand’s monetary policy decision on Wednesday.

Fleet management company Eroad was one of the biggest gainers in the market today, with its share price up 49% from last week when it fell to its lowest share price ever.

Fleet management company Eroad's shares rose 13% on New Zealand’s index today as the US Federal Reserve outlined its stance to take on inflation no matter what.

Big gun stocks do the heavy lifting.

New Zealand’s benchmark share index rose on Monday thanks to positive sentiment flowing through from US markets over the weekend.

New Zealand shares generally fell on the last trading day of the first half of 2022 and the benchmark equity index closed down more than 18% in the past six months.

New Zealand’s benchmark index dipped today as fleet management company Eroad tumbled to a record low.

New Zealand's headline share index fell on Wednesday as a global equity rally that started the week lost momentum with investors unwilling to bid up stocks ahead of an economic slowdown.

Lethargy seeped into New Zealand’s benchmark index today following global markets lacking energy overnight – but shares still managed to push the local index up by the end of the day.

New Zealand shares bounced on Monday, following a rebound on Wall Street over the weekend on the expectation that interest rates wouldn’t go as high as some had thought.

New Zealand's benchmark index rose on Thursday – the day before NZ celebrates Matariki as a public holiday for the first time – thanks to index heavyweights pulling the market higher.

New Zealand's sharemarket declined on Wednesday, with fleet management company Eroad falling to just 10 cents above its all-time lowest share price.

New Zealand's benchmark index had a positive bounce today as investors' concern about an impending recession receded slightly.

New Zealand's sharemarket was flat on Monday with very light volume traded through the market as US markets closed tonight for the Juneteenth holiday.