The New Zealand sharemarket rose on Wednesday with a largely in-line result from KMD Brands, while investor attention was drawn to the announcement of the Reserve Bank of NZ’s new governor.

New Zealand’s sharemarket has ignored a strong lead from Wall Street to trade flat.

After benefitting from last week’s index reshuffles, Ebos Group has struggled to hold onto its gains and pulled the index downwards.

A rally in medical supplies distributor Ebos, and gains in a handful of other market leaders, helped the sharemarket claw back all the ground lost after this week’s poor growth data on heavy turnover.

The New Zealand sharemarket fell on Thursday following a significantly lower gross domestic product update than expected, while the United States Federal Reserve cut interest rates for the first time in 2025.

The New Zealand sharemarket closed flat on a quiet day on Wednesday, with attention focused overseas as investors await the United States Federal Reserve decision on interest rates.

It’s all eyes on Jerome Powell and the other US Federal Reserve governors in equity markets as a strong lead from Wall Street has lifted the New Zealand benchmark.

Gains from Fletcher Building and Pacific Edge weren’t enough to keep the index above the ledger to start the week.

The New Zealand sharemarket ended flat on Friday as investors took to the sidelines ahead of next week’s GDP data and an all-important rate call from the US Federal Reserve.

The New Zealand sharemarket was down on Thursday despite data centre owner Infratil being buoyed by the sharp share price rise by United States tech giant Oracle.

The New Zealand sharemarket rose on Wednesday, with healthcare company Pacific Edge rallying on positive news for its testing solution.

The New Zealand benchmark index has erased half of its gains from Monday as Ebos Group fell below $30 for the first time since 2021.

With help from Infratil, the New Zealand sharemarket has gained to start the week.

The New Zealand sharemarket surged to its highest close this year after having its sixth gain in seven trading days on increased confidence offshore.

The $140 million sale of a 20% shareholding in Vista Group by an Australian private equity firm dominated trading on the New Zealand sharemarket as it resumed its upward trend.

The New Zealand sharemarket, driven down by Ebos and a2 Milk, had its first fall in five days and is looking for definitive leads from offshore.