The benchmark NZX50 index closed down 14 points, or 0.4%, to 3292 on turnover of $59 million.
Fletcher Building was down 10 cents to $8.35, Telecom down 1 cents to $2.19, and Contact Energy down 2 cents at $6.22.
Auckland International Airport was unchanged at $2.02.
Air New Zealand was down 2 cents to $1.37.
Nuplex was up 1cent to $3.38.
Pumpkin Patch was down 1 cent to $2.21 after announcing on Monday that it is launching a new standalone playwear brand.
The Warehouse was down 5 cents to $3.84.
Vector was down 2 cents to $2.15, Rakon was down 2 cents to $1.03.
Across the Tasman, the ASX 200 index is up 3 points, or 0.07%, to 4884.
On currency markets, the NZ dollar is at 72.04 US cents, 77.82 Australian, 46.62 pence, 67.64 yen, 0.5385 euro.
The TWI is at 67.01.
