The New Zealand sharemarket drifted on the eve of the latest reporting season, while Millennium & Copthorne Hotels NZ independent directors have rejected a takeover offer.

Manawa Energy plunged more than 8% on uncertainty about whether its merger with Contact will be approved, while the New Zealand sharemarket ended the shortened week with a healthy gain.

The New Zealand sharemarket fell nearly 0.5%, dragged down by volatile Fisher and Paykel Healthcare, as unemployment reached its highest level in four years.

Fisher and Paykel Healthcare and the New Zealand sharemarket staged a strong recovery on relief that the US tariffs on Mexico and Canada have been put on hold.

Fisher and Paykel Healthcare fell more than 6.5%, and the New Zealand sharemarket slumped as the new Trump tariffs began to hit home.

The New Zealand sharemarket ended the week with a 0.5% rise, but the threat of Trump tariffs again reared its head, affecting Fisher & Paykel Healthcare.

The New Zealand sharemarket posted its fourth decline in five trading days, with Auckland International Airport falling nearly 2.5%, while the Australian benchmark index reached an all-time high.

Wall Street returned to some normality, the New Zealand sharemarket had a rise after a rocky session, and Australian inflation was lower, paving the way for an interest rate cut there.

The New Zealand sharemarket, dictated by the volatile Fisher and Paykel Healthcare stock, posted another small decline and avoided the upheaval in the technology sector on Wall Street.

A recovering Synlait Milk continued to climb on a quiet day on the New Zealand sharemarket when the top half of the North Island was on holiday for Auckland’s Anniversary.

Synlait Milk rose nearly 20% after indicating a return to profitability as the New Zealand sharemarket drifted to a small decline on light trading.

Fisher and Paykel Healthcare hit a record high and led the New Zealand sharemarket to a small gain, while Wall St kept striding ahead following President Donald Trump’s inauguration.

The New Zealand sharemarket posted a small loss as inflation remained under control, prompting renewed calls for a big interest rate cut next month.

President Donald Trump’s renewed tariff threats on his inauguration day rattled Fisher and Paykel Healthcare while the New Zealand sharemarket lacked any real direction.

A takeover offer for Millennium and Copthorne Hotels NZ brightened an otherwise quiet day on the New Zealand sharemarket that started the week with a 0.3% decline.

The New Zealand sharemarket ended a strong week with a gain of more than 1.8%, erasing the year’s earlier losses, and powered by heavyweight Fisher and Paykel Healthcare as it neared a record high.