KEY POINTS:
The benchmark share index closed little changed again, as offshore holidays flattened interest.
The NZSX-50 index rose 4.58 points to 4308.99, on turnover valued at $101 million. Rises outnumbered falls 50 to 48.
Joe Gallagher of Goldman Sachs JBWere said the market was very mixed.
"You've got stocks like Fletcher Building which are off a per cent -- you've seen a decent-sized placement of the stock; it's rallied sharply from there and you've potentially seen some people maybe take some profits..."
Fletcher Building closed at 1290, down 13c, while top stock Telecom rose 2c to 488, sticking to its recent range.
"You've also got the Fisher stocks, Appliances and Healthcare, a little bit weaker today. The volumes aren't anything too flash -- the currency's weaker so that shouldn't be a major driver," Mr Gallagher said.
F&P Appliances fell 2c to 373, while F&P Healthcare lost 3c to 359. Contact Energy was up 5c at 885, Sky City rose 5c to 519, and Sky TV fell 4c to 570.
Takeover target The Warehouse lost 11c to a seven-month low of 626 amid uncertainty over the takeover of Coles in Australia, which may have implications for The Warehouse.
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.
Same store sales for the 12-week period to May 21 did even better, rising 4.4 per cent.
Clothing retailer Hallenstein Glasson fell 6c to 504 after news that managing director Cliff Kinraid is resigning this week.
Hellaby Holdings fell 3c to 395, having lost 7c yesterday on a second warning about annual profit, this time due to its automotive and industrial assets.
Tower gained 3c to 244, after spun off company Tower Australia reported a maiden first-half net profit of A$17.1 million ($19.50 million) and expected to improve its results in future.
NZX jumped 50c to a record high 1100, jeweller Michael Hill was up 18c at 948, and PGG Wrightson rose 2c to 181.
Among dual-listed stocks, Westpac rose 15c to 2950, ANZ lost 22c to 3278, AMP was flat at 1130, and Lion Nathan lost 9c to 1020.
- NZPA