New Zealand shares fell on Monday, with the benchmark Top 50 Index dropping 33 points from Friday's record level to 5,200.
Westpac shares fell 45 cents to $36.75 on the NZX. Westpac New Zealand reported a 17 percent rise in first-half cash profit while its Australian parent lifted net profit 10 percent.
Ryman shares dropped 19 cents to $8.70, Mighty River Power shares eased 2.5 cents to $2.31 and Meridian Energy's instalment receipts slipped 2.5 cents to $1.20.
The New Zealand dollar eased back against the US dollar about a fifth of a cent from where it was trading on Monday morning.
A foreign currency strategist at Bank of New Zealand, Raiko Shareef, says it is unwinding from the gains it made on Saturday, when it hit 86.7 after the market digested American economic data.
Shortly after 5pm the kiwi was trading at 86.57 US cents, 93.44 Australian cents, 51.28 British pence, 0.6236 euro, 88.19 yen and 5.40 renminbi.
