Fletcher Building led the local market higher after beating earnings expectations, while global indices rallied on the perception Russia may be walking back its Ukraine threat.

New Zealand's headline share index dipped in concert with global markets which have generally been weaker over fears of monetary policy changes and a possible Russian invasion of Ukraine.

KiwiSaver funds emphasising responsible investing were the top performers in the December quarter, according to the latest Morningstar report.

New Zealand shares took another downward turn after data released in the United States showed inflation was still running hot and could trigger a 50-basis point rate hike by the US Federal Reserve in March.

New Zealand's main share index edged lower on Thursday as earnings season kicked off with a strong result from Vulcan Steel, with some larger stocks weighing on the benchmark.

Software stocks led New Zealand shares higher on Wednesday after the US Nasdaq Index rose 1% overnight as its technology stocks stabilised.

New Zealand’s benchmark equity index finished Tuesday almost unchanged despite some tourism stocks jumping after Australia announced it would fully reopen its borders this month.

New Zealand's main share index fell with global equities as shares in Facebook owner Meta dropped 25% and central banks in Europe started tightening monetary policy.

Travel stocks rose higher in local trading as the government announced it would begin to reopen the borders, although omicron still threatens to disrupt the sector.

New Zealand's sharemarket lifted almost 2% on Wednesday as the benchmark equity index continues to bounce back from the worst start to the year since 2008.

New Zealand's sharemarket rallied in earnest on Tuesday as investors concluded that equities had been oversold and rushed to buy at deflated valuations.

New Zealand's sharemarket had a slight bounce on Monday having fallen almost 10% in the first month of 2022 as inflation spooked global markets.

New Zealand's main share index plunged almost 200 points to its lowest level since October 2020 as investors ditch stocks across the board in response to rising interest rates.

New Zealand's main share index took yet another tumble on Thursday as inflation rose to its highest level in three decades and the US central bank offered very little detail on its future policy.

New Zealand's main share index edged higher as tomorrow’s Federal Reserve meeting and local inflation data release loomed over the market.

New Zealand's headline share index fell for a fifth consecutive session on Tuesday, but A2 Milk was lifted from a five-year low by rumours it could be a takeover target for a Canadian dairy firm.