The sharemarket has ended the week on a positive note, with the NZX Top 50 Index gaining 17 points to 4783.
Postie Plus released their results after the market closed, announcing a loss of more than $11 million and a sales drop of more than 10%, as its continues to wrestle with supply chain problems.
One of the major gainers was Air New Zealand, it shares rising 5.5c to $1.51 as the airline held its annual shareholders' meeting in Auckland today.
Air New Zealand chief executive Christopher Luxon said he expected the trading conditions to remain tough in the next five years, as competition remained fierce.
Christopher Luxon told shareholders he couldn't yet give any profit forecasts for the current financial year but forward bookings were in good shape. However, the next few years would be challenging.
"So as we look into the next five years, the reality is there is no silver bullet," he said.
"We will continue to expect tough global economic conditions and we expect a slow economic recovery.
"We think that competition will continue to intensify and customers are wanting more from the products and services they purchase, and they want to understand the companies and the people that are behind those products and services."
Director Tony Carter was voted in as Air New Zealand's new chairman at the meeting, replacing John Palmer who is retiring after 12 years.
Pumpkin Patch gains
Another of the day's gainers was Pumpkin Patch, which earlier on Friday said it had returned to profit after losing $27.5 million last year.
The children's clothing retailer's made an annual net profit of more than $5 million, although its underlying profit was down 16%. Pumpkin Patch shares rose 5c to $1.05
Shares in Infratil also rose after it said it planned to spend up to $65 million buying its own shares because it believes the share market is undervaluing them.
The shares closed on Thursday at $2.44 and Infratil said they were worth between $3.08 and $3.69. Today they rose 6c to $2.50.
Dollar little changed
The New Zealand dollar was little changed on Friday ahead of key political events in the United States including whether Congress manages to pass a budget measure, and employment figures due next week.
Bancorp Treasury Services senior client advisor Peter Cavanaugh said the key would be where the US dollar went.
"From here, it really is a US dollar story. Nevertheless, the New Zealand seems to have put up with some knockbacks lately and, if anything, some recent positives have given a bit of a lift," Mr Cavanaugh said.
"So you'd have to say that for the time being, the bias is stable to higher."
Just after 5pm, the New Zealand dollar was marginally higher against the currencies of our major trading partners and buying: 82.89 US cents, 88.66 Australian cents, 51.62 pence, 0.6145 euro and 81.75 yen.