Mainfreight’s announcement yesterday that its US revenue increase of 41.4% to US$257.5 million ($408m) meant the logistic company’s stock rallied for a second day in the New Zealand share market (NZX).

Mainfreight shares jumped today after the logistics company highlighted its success in the United States to shareholders at its annual meeting.

Carbon Fund units jumped after the Climate Change Commission urged the government to tighten the emissions trading scheme.

Energy stocks all declined in New Zealand’s moody market today as investors wait to see what companies reveal to shareholders in the looming earnings season.

New Zealand's benchmark share index declined on Monday as investors became concerned about growing recession risks facing the global economy.

Cancer diagnostic company Pacific Edge's shares ended the week on a bright note as it continued its high-riding streak of recent days.

Pacific Edge led the New Zealand sharemarket higher for a second day on news the southern district health region would adopt its cancer test.

Pacific Edge led New Zealand's sharemarket higher on Wednesday after it reported volume numbers for its cancer test increased 32% on the same quarter last year.

New Zealand’s benchmark equity index remained unchanged on Tuesday in a second day of light trading, with many market participants away during school holidays.

New Zealand's benchmark share index moved higher on Monday, despite inflation data showing prices had risen more in the June quarter than many had expected. 

New Zealand's main share index dipped on Friday after data showed China's economy shrunk in the second quarter of the year, hampered by widespread covid lockdowns.

New Zealand's sharemarket lifted on Thursday, despite US inflation data coming in hot and prompting discussion of the Federal Reserve hiking rates by 100 basis points. 

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.