Air New Zealand was the best performer, rising 2.2 per cent to $3.485, the highest it has traded since 2001.
The stock has gained 55 per cent this year, bolstered by improved guidance for full-year 2017 earnings before taxation to exceed $525m.
Fletcher Building led the index lower, down 2.4 per cent to $7.81. Solly said the stock was one which people would be focussed on in the upcoming reporting season. It has dropped 25 per cent this year.
Auckland International Airport declined 2.3 per cent to $6.915, Kiwi Property Group fell 2.1 per cent to $1.385 and Goodman Property Trust dipped 2 per cent to $1.225.
Retirement village operators gained. Summerset advanced 1.5 per cent to $4.76, Metlifecare gained 1.1 per cent tot $5.34, and Ryman Healthcare rose 0.9 per cent to $8.65.
"There's a lot of noise out there about what a slowing housing market does and doesn't do for listed property companies, you've got to look through the cycle," Solly said.
"It's a sector that has some benefit from structural change in the form of an ageing population.
"That sector as a whole is positive on the day - there have been some negative comments out there, the market is starting to think about the other side of that."
Kathmandu Holdings rose 1.9 per cent to $2.15, while Xero gained 1.8 per cent to $25.75.
CBL Corp rose 1.2 per cent to $3.34.
The Auckland-based credit surety and financial risk insurer has continued its acquisition spree of recent years with the purchase of a 40 per cent stake in Allied Risk Holdings for 1.38m. It will use the Irish professional insurer's senior management to populate its own European executive team.
Outside the benchmark index, Augusta Capital was unchanged at $1.06.
The listed property investor and fund manager has sold one of its properties for $30m, which it says will be used to pay down debt and fund future acquisitions.
