The New Zealand dollar held onto gains made after the Reserve Bank began to tighten its monetary policy settings yesterday.

The Reserve Bank of New Zealand surprised the market today with an announcement it will end its bond buying programme within the next 10 days.

New Zealand shares rose on Tuesday with My Food Bag climbing out of the doldrums after rival Hello Fresh shelled out A$125 million to buy an Australian meal company.

New Zealand shares recovered from Friday’s selloff as global markets traded higher over the weekend and with the Reserve Bank of New Zealand expected to hold rates at their review midweek.

New Zealand shares declined as covid-19 returned to centre-stage with even well-vaccinated countries struggling to stave off the delta variant.

New Zealand’s benchmark equity index finished the day virtually unchanged, although cancer diagnostics firm Pacific Edge had a healthy bounce.

New Zealand shares edged lower with investors trading highly priced stocks for those that haven’t had such strong gains as banks begin predicting interest rate rises in November.

Auckland Airport led the New Zealand share market lower as investors cashed in some profit after yesterday’s surge.

Auckland Airport led New Zealand shares higher after ASX-listed Sydney Airport skyrocketed on a A$22 billion takeover offer.

New Zealand shares gained half a percent across the week, with a2 Milk driving a positive finish with a key executive appointment and a bullish broker recommendation.

New Zealand’s benchmark equity index was marginally higher today as stocks exposed to the housing market picked up steam, with Stride Property hitting an all-time high.

New Zealand shares edged higher led by the Fonterra Shareholders’ fund after the cooperative gave an update showing strong growth in both production and exports.

New Zealand’s benchmark equity index gained a few points as Stride Property climbed and tourism stocks recovered on a partial reopening of the trans-Tasman bubble.

Travel stocks led the New Zealand stock market lower after the trans-Tasman bubble was paused due to a worsening covid outbreak in Australia that could lead to extended lockdowns.

The New Zealand dollar and local stock market bounced back from last week’s losses as investors’ fears interest rates might be on the rise were soothed by calming words from the Federal Reserve.

New Zealand shares moved sideways with a trading update from Tourism Holdings and Oceania Healthcare’s annual general meeting giving investors something to trade on.