The NZX 50 index closed 17 points lower to 2816 on turnover of $51.6 million.
Telecom finished down 5 cents to $2.56, Fletcher Building was down 6c to $6.89 and Contact Energy was down 13c to $5.67. Infratil was up 4c to $1.74, while Mainfreight was down 10c to $4.25.
The Australian market was closed because of a Queen's Birthday holiday.
The dollar was buying 62.84 US, 78.68 Australian cents, 39.38 pence, 61.75 yen and 0.4490 euro. The Trade Weighted Index was 59.78.