New Zealand shares dipped with Orion Health Group extending its losses from Monday, while Spark New Zealand and A2 Milk Co gained.
The S&P/NZX 50 Index fell 4.8 points, or 0.07 percent, to 6,896.95. Within the index, 28 stocks fell, 18 rose and five were unchanged. Turnover was $267.2 million.
"The market is obviously continuing to recover from having been a bit weak in the past few weeks, flat on the day which is not too bad - we've seen markets globally be a bit choppy overnight," said Shane Solly, director, portfolio manager & research analyst at Harbour Asset Management. "We've had a lot of volatility and we're trying to settle down a bit, but we are on the run-in to the end of the year and traditionally that sees markets a bit firmer."
Orion Health Group led the index lower again, dropping 5.8 percent to $1.80. On Monday, the health software developer plunged 19 percent following its first-half results, where it narrowed its first-half loss to $18 million and said it would make a profit in 2018, while sales rose to $104.2m from $101.7m. It's now declined 28 percent since those results.
Fletcher Building dropped 4.8 percent to $10.28, Tower declined 2.8 percent to 69.5 cents, and Goodman Property Trust fell 2 percent to $1.22.