New Zealand shares fell, led lower by Metro Performance Glass and Sky Network Television, while Comvita, A2 Milk and Synlait Milk gained.
The S&P/NZX 50 Index dropped 30.07 points, or 0.4 per cent, to 8,425.48. Within the index, 21 stocks fell, 16 rose and 13 were unchanged. Turnover was $77.3 million.
"We're underperforming today compared to global markets, and the strength of the Kiwi [dollar] has had a little bit to do with that, we've bounced up nicely against the US dollar and the Aussie," said Grant Williamson, broker at Hamilton Hindin Greene.
"Almost all our largest stocks are underwater today so that has put a bit of pressure on the index," he said.
"A number of trades have gone through today, but volumes are still not back to normal," Williamson said. "It will probably be another week before we really start to see volumes pick up."