The benchmark NZX 50 index fell 28 points, or 0.9%, to 31.14 on turnover of $59 million at close of trading on Friday.
Fletcher Building fell 18 cents to $7.67, Telecom was down 1 cent at $2.56 and Contact Energy was down 14 cents at $5.91.
Sky City Entertainment fell 3 cents to $3.37, Fisher & Paykel Healthcare was unchanged at $3.18, and Auckland International Airport was down 2 cents to $1.86.
Sky Network Television fell 4 cents to $4.74, Mainfreight was down 9 cents at $5.55 and AMP was down 7 cents to $7.97.
The Warehouse rose 1 cent to $4.18.
PGG Wrightson fell 1 cent to 64 cents after announcing plans to raise $180 million from investors to repay debt.
Allied Farmers was unchanged at 31 cents after saying on Wednesday it plans to buy Hanover Finance and United Finance's loan books in a deal worth $400 million.
Hellaby Holdings was down 2 cents to $1.56 after saying it will only get a quarter of the money owed on the sale of the BBQ Factory.
In currency markets, the NZ dollar was at 72.92 US, 79.41 Australian, 43.80 pence, 64.80 yen and 0.4888 euro. The TWI stood at 65.08.