The Fletcher Building-SkyCity legal imbroglio reared its head again, making for a mixed day’s trading on a market already overshadowed by falls on major markets.

The New Zealand sharemarket was up on Thursday, buoyed by a rise in property company share prices.

The New Zealand sharemarket rose more than 1% on Wednesday, boosted by strong gains from power companies Meridian Energy and Mercury NZ.

New Zealand equities bounced around on market close after Ebos Healthcare's index weighting grew following a nearly $1 billion block trade last week.

Declining bond yields and significant gains among the bigger companies helped drive the New Zealand sharemarket to a strong finish.

The New Zealand sharemarket fell today after one of the largest investors in Ebos Group sold a significant number of shares.

The New Zealand sharemarket dropped sharply on Wednesday after the NZX’s largest listed company, Fisher & Paykel Healthcare, reported a weaker-than-expected forecast.

The New Zealand benchmark rose modestly as investors caught their breath ahead of a flurry of results and an expected rate cut in the coming days.

Another strong Turners Automotive result was not enough to keep the New Zealand sharemarket benchmark in positive territory to start the week.

The New Zealand sharemarket largely ignored the Budget to end weaker, which was driven partly by a fall in infrastructure investor Infratil and offshore influences.

The New Zealand sharemarket fell slightly on Thursday, reflecting declining markets in the United States, Japan and Australia.

The New Zealand sharemarket was up on Wednesday, with shares in Napier Port Holdings rising steadily following reports of a positive outlook ahead for the business.

Earnings season continued to produce mixed results on Tuesday as the New Zealand benchmark closed up after spending most of the day in the red.

After a solid start to May, New Zealand’s benchmark chased American futures down after credit ratings agency Moody’s stripped the United States of its triple-A rating.

Big falls in Fisher and Paykel Healthcare and Fletcher Building combined to drive the New Zealand sharemarket lower after what had been a strong start to the month.

The New Zealand sharemarket was up on Thursday after shares in major companies, including Fonterra, Sanford, and Auckland Airport, performed strongly.