Precinct Properties led the index, up 1.9 per cent to $1.32, while Freightways rose 1.8 per cent to $7.99.
"It's a pretty mixed bag today, it's difficult to really get a gauge on a theme today, to be honest," Williamson said. "Once we hit December, a lot of investors think that's the end of the year and time to call it Christmas holidays."
Synlait Milk was the worst performer, dropping 2.9 per cent to $7.50, while Xero fell 2.3 per cent to $31.61.
Spark New Zealand fell 0.5 per cent to $3.59 while Sky Network Television dipped 0.4 per cent to $2.47. Sky, which is New Zealand's biggest pay-TV operator, will ask the courts to force internet providers Spark, Vodafone, Vocus and Two Degrees to prevent consumers accessing free streaming sites such as The Pirate Bay and Putlocker.
Sky plans to ask the High Court for an injunction on the four providers, who collectively hold about 90 per cent of New Zealand's internet market. Vocus, which runs Orcon, Slingshot and Flip, said the move was "gross censorship and a breach of net neutrality", and a spokesperson for Spark said the company doesn't think it should be the role of ISPs to become the "police of the internet" on behalf of other parties.
Outside the benchmark index, Orion Health Group fell 6.4 per cent to 88 cents, an all-time low. Yesterday, the health software developer, whose shares have lost almost half their value this year, said it had widened its first-half loss and lowered its outlook for the full year.
The loss was $25.9 million in the six months ended September 30 from a loss of $18 million a year earlier, the Auckland-based company said in a statement. Sales fell to $80.9 million from $104.2 million which the company attributed to a significant software licence deal being recognised in the year-earlier period, which also impacted margins due to its low cost of sales. The company posted an operating loss of $25 million, at the top end of its $20 million-to-$25 million forecast.
"It's an unloved stock on the market, and it's continuing its decline following the financial report from a few days ago," Williamson said. "It's chewing through the capital raise money they got in the bank not that long ago. The market doesn't have too much confidence in them at the moment."
Pushpay Holdings dropped 3.4 per cent to $3.46. It has gained 156 per cent this year. On November 16, the mobile payments app company widened its net loss in the first half despite lifting revenue but reiterated its guidance for the year ahead.
"It has been a bit of a market darling in recent times, it lifted very nicely after that announcement but has seen a bit of profit taking today," Williamson said.
Steel & Tube Holdings was flat at $1.99. It confirmed today that it pleaded guilty to 24 charges laid against it by the Commerce Commission for making false and misleading representations about its steel mesh products. The company entered the guilty plea more than three months ago, three days before it reported a 22 per cent drop in annual profit.
Pacific Edge fell 5.3 per cent to 36 cents. The cancer diagnostics company narrowed its first-half loss after clamping down on costs by ditching a staff share scheme and lifting revenue.
IkeGPS was unchanged at 29 cents. The laser measurement toolmaker upgraded its sales expectations but maintained its breakeven guidance for the full year after revenue lifted and its loss narrowed in the first half.
Seadragon fell 17 per cent to 0.5 of a cent after the fish oil refiner said it would draw down the remaining $1 million of its convertible loan facility from shareholder Comvita to boost working capital. It posted a first-half loss of $2.7 million, down from a loss of $3.5 million a year earlier.
