Shares in Steel & Tube Holdings have fallen to their lowest level since the aftermath of the September 11 attacks.

New Zealand shares gained as Fletcher Building reached its highest level this year on speculation it will benefit from housing demand.

New Zealand's benchmark stock index hit a record high, led by Air New Zealand and Tower, while Steel & Tube Holdings continued to decline.

COMMENBT: Fu Wah International, which already has plans to build two hotels in Auckland, wants to take a stake in a Kiwi retirement village operator.

NZX will start making confidential enquiries of listed companies that experience unexplained share price movements.

Vista Group International has inked its first deal to provide its cinema software to theatres in Africa.

NZX's former head of strategy told the High Court Ralec set the first target Clear failed to meet.

New Zealand shares were mixed on a relatively quiet Monday as the market digested results posted by companies with a March 31 balance date.

Abano has agreed to sell its 50 per cent stake in audiology company Bay International to interests associated with Peter Hutson for $32 million.

The emergence of new investor groups such as iwi and community trusts will introduce additional liquidity into the private equity sector, says the latest EY survey.

New Zealand shares rose, pushing the S&P/NZX 50 Index to a new record on expectations Meridian Energy will be a key beneficiary of proposed changes to electricity transmission charges.

A changing of the guard is underway at Buffett's holdings company.

Spark, Precinct Properties and energy firms among the falls but Xero goes against trend to extend Friday's gains.

Former MediaWorks chief executive Mark Weldon has been thrust into the public eye again, this time to answer questions in a courtroom witness box.

NZ shares fell on renewed concerns that Sky Network Television will struggle to maintain subscriber numbers in the face of new internet-based rivals.

New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.

New Zealand shares reached a fresh record, as Orion Health Group advanced while Sky Network Television's losing streak continued.

NZ shares rose, pushing the S&P/NZX 50 Index to a record high as Air New Zealand and A2 Milk gained while Sky Network Television extended its slide.

Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.

$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.

The world's biggest fund is to use its huge influence to vote against fat cat pay and boardroom bad behaviour.

The Tegel shares were widely expected to trade at a premium to the $1.55 IPO price.

COMMENT: Tegel's sharemarket listing could be the most high-profile float the NZX will see this year. But the company is taking a low-key approach to its big day.

Stock Takes; Stocks with exposure to China's booming e-commerce trade have settled down after copping heavy selling.

Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014.

The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.

New Zealand shares rose to a record amid speculation Z Energy's application to buy the Caltex chain will be approved.

Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.