Many New Zealand shares bounced back from a six-day slump as investors began to see bargains in the depressed prices with the benchmark equity index down more than 7% this year.

NZ's main share index dropped to a four-month low as A2 Milk plunged another 15% after lowering its full-year earnings guidance for the third time.

The Reserve Bank of New Zealand’s promise to keep monetary policy ultra-loose fell on deaf ears in the market as bond yields continued to rise, pushing shares lower and the kiwi dollar upwards.

New Zealand's main share index fell as a handful of discouraging trading updates from listed companies dovetailed with higher bond yields to depress equity prices.
Fishery firm Sanford led the market lower after being fined in court for illegal fishing practices.

Rising bond yields and the strong kiwi dollar continued to drag equity valuations down despite fairly upbeat earnings results from Freightways and Heartland Bank.

New Zealand shares joined the general fall in global markets as investors priced in rising bond yields, that have been climbing on inflation expectations.

New Zealand's main share index dipped slightly after corporate earnings reports put the pandemic’s winners and losers on display. ANZ Bank chalked up record home loans, while Auckland International Airport had its first underlying loss since 1998.

New Zealand's main share index edged higher as firms such as Ebos Group, NZX and Fletcher Building reported positive earnings results.

New Zealand's main share index bounced after a five-day slide as global equity markets continued to run further into record territory.

Renewable energy stocks led the market lower as Contact Energy announced a $400 million capital raising to fund a new geothermal plant.

New Zealand's main share index fell for a third straight session as Meridian Energy and A2 Milk Company's shares dipped.

Fishery company Sanford led New Zealand’s benchmark equity index lower as the local share market continued to roll downhill into earnings season.

New Zealand equities pulled back again on Tuesday as a Reserve Bank survey showed rising inflation expectations, prompting bond yields to step higher as the market priced in the risk of interest rate hikes.

New Zealand’s benchmark index eked out a small gain on Friday, closing a week plagued by market volatility and steadily climbing interest rates.

The NZX 50 fell on Thursday with rising interest rates beginning to take some heat out of the share market as investors try to get ahead of tightening monetary policy.

New Zealand shares and dollar both moved higher on Wednesday, reflecting labour market data that came in much stronger than expected as the recovery from the pandemic picks up pace.