The S&P/NZX 50 Index hit a record, rising  4.1 percent this week with high-yielding utilities and property stocks still in hot demand against a backdrop of ultra-low interest rates.

Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association.

New Zealand shares continued their march into uncharted territory as the low interest rate outlook continues to boost the allure of firms paying reliable dividends, such as property investors and power companies.

The S&P/NZX 50 Index cracked another milestone, climbing above 11,000 for the first time, as export-based software firms Vista Group International and Pushpay Holdings got a boost from a weaker currency.

New Zealand shares outperformed Asia as companies offering reliable incomes, such as Contact Energy and Meridian Energy, remain attractive in a period of heightened global uncertainty.

New Zealand shares rose as the low interest rate outlook continues to add to the lustre of companies with reliable dividends such as Contact Energy and Meridian Energy.

New Zealand shares rose in heavy trading, led by Vista Group International which recovered some of yesterday’s sharp sell-off.

New Zealand shares fell, led lower by Vista Group International, which was punished for dialling back its expectations for revenue growth.

Kiwibank's owners have approved another year of continued above-market lending growth, even though that's eating further into its available capital.

Aussie upstart Sargon, best known in this market for its row with Perpetual Guardian owner Completus, is attempting another foray into the local trustee market.

New Zealand shares rose, led higher by Fisher & Paykel Healthcare on a modest increase in forecast earnings. Port of Tauranga rose as record cargo volumes underpinned its profit gain.

New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance.

New Zealand shares joined a worldwide sell-off as US President Donald Trump spooked investors by ratcheting his trade war with China. That weighed on the local reporting season, which saw Freightways punished for its cautious outlook.

New Zealand shares fell as diminishing expectations for interest rates to go lower sapped the appeal of companies held for their dividends such as Meridian Energy and Chorus. Skellerup led the index lower after reporting a record profit.

Kiwibank’s annual net profit fell $7 million, reflecting both lower fee income and one-off gains in the previous year.

New Zealand shares rose as the domestic earnings season continued, with Ebos Group and Air New Zealand meeting investors' expectations. Spark New Zealand rose for a second day on unusually large volumes.