New Zealand shares fell as soft earnings from Tourism Holdings and Vulcan Steel highlighted the strains still facing the local economy. Spark New Zealand hit a four-year low. 

New Zealand shares rose for a second day, led by broadband network operator Chorus and its rosier dividend outlook, just as a pivot in US interest rates stokes investors’ appetite for reliable income stocks.

New Zealand shares snapped a four-day decline as Fisher & Paykel Healthcare propelled the benchmark index higher, signalling strong first-half earnings growth and overshadowing slumps for Fletcher Building and Spark NZ.

New Zealand shares fell for a fourth day as the rush of company earnings, such as SkyCity Entertainment Group, showed the tough economic conditions firms have been operating under.

New Zealand shares fell for a third day as earnings season laid bare the tough economic climate, with Sky Network Television shedding customers and Fletcher Building warning of a subdued outlook for the coming year.

New Zealand shares fell for a second day in a broad selloff, with power companies among the hardest hit after Mercury NZ warned earnings would come under the pump in the current financial year.

New Zealand’s share market stumbled into the week as The a2 Milk Co was punished for growing at a slower pace than investors had hoped.

New Zealand’s benchmark stock index rose the most in a week since the post-covid rebound as investors embraced the prospect of lower interest rates, reviving a stagnant economy and boosting the allure of companies that pay reliable dividends.

New Zealand shares extended their gains as investors continued to enjoy the prospect of lower interest rates reviving a moribund economy, with Skellerup rallying on solid earnings in a tough environment.

New Zealand’s benchmark index surged as the Reserve Bank of NZ started unshackling the economy with a rate cut and signalled more to come.

New Zealand shares were broadly stronger, with Genesis Energy and Contact Energy among the day’s gainers after cutting a deal to secure gas supply in the current energy shortage.

Vista Group International led the benchmark index higher as the local stock market joined a stronger day across Asia, with investors eyeing up a potential rate cut later this year before the earnings seasons kicks up a gear.

New Zealand’s stock market slipped into the red in late trading, rounding out a 1.7% decline this week as fears over the strength of the US economy injected volatility into global markets.

Electricity generator-retailers pushed the local stock market down today as a spike in energy prices stresses the sector and manufacturers dialling back their operations.

Vista Group International led the local stock market higher as Japanese policymakers sought to quell market instability and fears about a potential US recession subsided.

New Zealand shares fell for a third day, having been left behind by the recovery across Asia after Monday’s rout in Japan, as economists ratcheted up calls for interest rate relief to ease a slowing economy.