New Zealand shares ended flat with a negative bias on Monday, amid a fall in oil prices on hopes of a resolution of the conflict in the Middle East.
The S&P/NZX 50 Index was little changed to close at 12,970.28.
Brent crude oil futures fell over 4% to $98.83 per barrel. US President Donald Trump said he had told his representatives not to rush into any deal with Iran. Earlier, the President said the US and Iran had "largely negotiated" a memorandum of understanding on a deal to reopen the critical Strait of Hormuz.
In corporate news, Radius Residential Care (NZE:RAD) restructured and expanded its bank debt facilities with a new lending syndicate comprising Commonwealth Bank of Australia's ASB Bank and the Bank of China New Zealand, increasing its available funding by NZ$30 million.
Pacific Edge (ASX:PEB, NZE:PEB) reported a fiscal year 2026 loss of NZ$0.038 per share, compared with NZ$0.037 a year earlier. Operating revenue for the 12 months ended March 31 was NZ$11.5 million, compared with NZ$21.8 million a year earlier.
Eroad (ASX:ERD, NZE:ERD) reported that it swung to a loss of NZ$0.8582 per share in the fiscal 2026 from a profit of NZ$0.0073 a year earlier. Revenue for the 12 months ended March 31 was NZ$195.2 million, compared with NZ$194.4 million a year earlier.