The New Zealand share market was down on Thurday morning.
At 12:38pm, the NZX50 was down 10 points, or 0.3%, at 3549 on turnover of $59 million.
Fletcher Building was down 5 cents at $9.00, Telecom was up 1c to $2.32 and Contact Energy was down 5c at $5.95.
Sky City Entertainment Group was down 4c at $3.74, Sky Television Network was unchanged at $5.77 and Auckland International Airport Ltd was down 1c at $2.29.
The Warehouse was unchanged at $3.70.
Air New Zealand was up 2c to $1.15 and Methven was unchanged at $1.47. New Zealand Oil & Gas was unchanged at 96c.
Infratil was unchanged at $1.93 after announcing its 226 Shell service stations will be rebranded as 'Z'. New Zealand Refining Ltd was up 1c $4.60.
Restaurant Brands was unchanged at $2.48.
Nuplex was down 7c to $3.09 after forecasting a surplus of $62 - $65 million due to higher raw material costs, weaker demand in Australia, and restructuring costs.
Across the Tasman, the Australian 200 index was down 61 points, or 1.28% , to 4719.
AMP Office Trust was up 1c to 83c after increasing the size and term of its funding arrangements, by securing a new $400 million bank debt facility.
The New Zealand dollar was trading at 78.95 US cents, 73.85 Australian cents, 48.27 pence, 63.95 yen and 0.5557 euro. The Trade Weighted Index was at 68.29.