Share markets of New Zealand were left flat after the official rates in New Zealand and United States were left unaltered. The cash rate left New Zealand at 2.5% by the Reserve Bank.

The U. S. Federal Reserve will be keeping the interest level rates low for a while now. The NZX-50 index was seen to close at 1.71 points which is almost 0.052%, which led to a turnover of about $94.4 million. In the 117 stocks traded 43 increased and 43 fell. New Zealand market outshined the Australian Market. The telecom industry eased a cent to 219. Fletcher building and Contact Energy rose to 1c to 835 and 2c to 625 respectively.

With shares of NZ oil and gas saw a dip to 1c to 154. NZ oil today reported $30.2 million for the March quarter. Kupe oil and gas field also contributed with this number.

NZ refining climbed up to 6c to 369, Trust power to 5c to 745 and Nuplex increased 1c to 338. Fisher & Pavkel Appliance and Infratil climbed to 1c to 63 and 2c to 172 respectively.

New Zealand sinked into recession in the starting of 2008, it emerged in the second quarter of last year. The productivity was picked up to 0.8 percent, in just three months. The first hike is to be expected in June. Asia, one of the trading partners of New Zealand, made quick recovery of markets than New Zealand had expected.