The New Zealand sharemarket fell on Friday with the NZX50 index down 30 points or 0.9% to 3250.
Turnover was $75 million.
Among the major share movements:
Telecom shed 7.5 cents to close the week at $2.45, Fletcher Building was down 4 cents at $6.08, and Contact Energy lost 5 cents to $5.38.
Sky City Entertainment was down 6 cents at $3.47, Sky Network TV rose 5 cents to $5.35, and Fisher & Paykel Healthcare was unchanged at $2.40.
NZ OIl and Gas lost half a cent to 70.5 cents after appointing director Andrew Knight as its new chief executive
Cavalier Corporation lost 11 cents to $2.54 after picking its full-year profit will fall 40-50% to between $8.5 million and $10.5 million.
Sanford was down 3 cents to $4.30, Tower lost 1 cent to $1.49, and Nuplex was down 3 cents to $2.59.
The Warehouse was unchanged at $3.25 and Kathmandu lost 2 cents to $2.55 after announcing a jump in its sales of 16% for the first 15 weeks of the new financial year.
In currency markets, at 5.20 pm on Friday the NZ dollar was buying 76.12 US, 76.03 Australian, 48.25 pence, 58.56 yen, and 0.5645 euro.
The TWI was at 67.41.