New Zealand’s benchmark equity index fell 3.4 percent this week as highly priced renewable energy stocks came crashing back to earth and bond yields moved higher.

New Zealand's headline share index was flat today with news of an extension of operations at the Tiwai Point aluminium smelter having little impact on the already elevated share prices of Meridian Energy and Contact Energy.

Most New Zealand shares continued to decline as investors remained cautious about the global outlook after the year kicked off with a generous dose of turbulence and higher bond yields.

The NZ headline share index and the kiwi dollar fell for the third consecutive day, backing away from record highs as rising bond yields sap demand for both assets.

Most New Zealand shares tumbled today as investors took profit from electricity utilities and other stocks run up to record highs during the holiday period.

New Zealand shares rose 3 percent in the first week of trading as investors focused on economic recovery, rather than the pandemic and political unrest in the United States.

Shares in utility firm Meridian Energy leapt a further 10 percent, pushing New Zealand’s benchmark equity index higher.

Rob Everett has been chief executive of the FMA since February 2014. Originally from the United Kingdom, he was previously a director in London with Promontory Financial Group, a regulatory consultancy. Before that, he spent 17 years at Bank of America Merrill Lynch in Europe, Asia and North America. He has an MA in law from St Catharine’s College, University of Cambridge, and is married to a New Zealander.

The New Zealand dollar reached a fresh two-and-a-half-year high as the greenback flagged with investors backing risk-sensitive assets, wagering the global economy will improve as vaccines are rolled out.

The expansion of the US fiscal stimulus helped New Zealand's share market extend its Christmas Day rally with Meridian Energy leading the market deeper into record territory.

New Zealand's main share index rose for a third day in a short Christmas Eve trading session, with A2 Milk continuing its recovery as it finalised terms to buy Mataura Valley Milk.

Blue-chip companies including Ebos Group, Mainfreight and Infratil hit all-time highs today in the last full trading day before Christmas.

New Zealand’s share market outperformed Asian bourses as blue-chip stocks Meridian Energy and A2 Milk bounced back from recent weakness, and a weaker kiwi underpinned exporters including Fisher & Paykel Healthcare.

The New Zealand dollar dropped more than half a US cent and the local share market was sold off as a new round of covid lockdowns spooked investors around the world.

New Zealand’s benchmark equity index tumbled as one of its biggest stocks, A2 Milk Company, lost a fifth of its value after a second earnings downgrade.

An historic bounce in New Zealand’s gross domestic product buoyed investors' sentiment spurring equities and the kiwi dollar higher.