The NZX 50 index fell 11 points to 3373 on Monday, on turnover of $61 million.
Among the major movements, Fletcher Building ended the day down 4 cents to $7.84, Telecom was down 4 cents to $2.56, and Contact Energy lost 4 cents to close at $5.60.
Pyne Gould Corporation was up 5 cents to 32 cents after announcing Australasian Equity Partners has launched a takeover offer of 33 cents per share for the company.
Air New Zealand was unchanged at $1.08 and Auckland Airport closed down 1 cent at $2.29.
Fisher & Paykel Healthcare was up 2 cents at $2.61, and Mainfreight lost 14 cents to end the day's trading at $9.80.
Cavalier was down 15 cents at $2.95, Pumpkin Patch down 1 cent at 75 cents and Hallenstein Glasson up 6 cents to $3.58.
Sky City Entertainment was unchanged at $3.45 and Sky Television shed 4 cents to $5.53.
DNZ Property fund was up 2 cents at $1.27 after negotiating the unconditional sale of its property at 132 Vincent Street in Auckland.
In currency markets, at 5.20 pm the dollar was trading at 77.29 US cents, 78.69 Australian, 49.52 pence, 59.31 yen and 0.5747 euro. The Trade Weighted Index was at 68.76.
