KEY POINTS:
The sharemarket closed little changed again, as holidays in the US and UK flattened interest.
The NZX-50 index rose 4.58 points to 4308.99 on turnover valued at $105 million. Rises outnumbered falls 57 to 52.
Joe Gallagher of Goldman Sachs JBWere said the market was very mixed.
"You've got stocks like Fletcher Building which are off 1 per cent - you've seen a decent-sized placement of the stock; it's rallied sharply from there and you've seen some people maybe take some profits ... "
Fletcher Building closed at $12.90, down 13c, while top stock Telecom rose 2c to $4.88, sticking to its recent range.
"You've also got the Fisher stocks, Appliances and Healthcare, a little bit weaker. The volumes aren't anything too flash - the currency's weaker so that shouldn't be a major driver," Gallagher said.
F&P Appliances fell 2c to $3.73, while F&P Healthcare lost 3c to $3.59. Contact Energy was up 5c at $8.85, SkyCity rose 5c to $5.19, and Sky TV fell 4c to $5.70.
Takeover target The Warehouse lost 11c to a seven-month low of $6.26.
Restaurant Brands was up a cent at 91c after it reported first quarter sales rose 4.1 per cent to $70.5 million, thanks mainly to a further recovery in its KFC chain.
Clothing retailer Hallenstein Glasson fell 6c to $5.04 after news that managing director Cliff Kinraid is leaving.
Hellaby Holdings fell 3c to $3.95, having lost 7c on Monday on a second warning about annual profit, this time due to its automotive and industrial assets.
Tower NZ gained 3c to $2.44, after spun-off company Tower Australia reported a maiden first-half net profit of A$17.1 million ($19.5 million) and expected to improve its results in future.
NZX jumped 50c to a record $11, jeweller Michael Hill surged 18c to $9.48, and PGG Wrightson rose 2c to $1.81. NZAX-listed Vistron jumped 18c to 80c.
- NZPA
