Synlait Milk, which supplies A2, rose 0.9 per cent to $9.02.
Scott said that overall volumes were light, largely due to the two-week school holiday period currently underway and the fact that most analysts will have opted to take holidays ahead of the August reporting season.
"There's a two-week patch where you either find some snow or some sun. It's a genuine holiday period," he said.
Only four other stocks traded on volumes of more than a million shares. Meridian Energy rose 1 per cent to $4.86 and Precinct Properties NZ fell 1.1 per cent to $1.735. Pushpay Holdings fell 2 per cent to $2.08 and Spark New Zealand fell 1 per cent to $3.94.
Ryman Healthcare rose 2.2 per cent to $12.63. While there was no specific news driving the stock, Scott said it continues to be sought after for its yield and said it looks to have garnered recent interest from European buyers.
Vital Healthcare rose 2.8 per cent to $2.59 after saying its property portfolio increased by 5.9 per cent, or $102.4m, for the year ended June 30, reflecting two recently completed projects in Australia.
Restaurant Brands rose as much as 0.6 per cent to $9.48 after the fast-food operator said it is expecting profit growth of at least 6 per cent this year as the firm benefits from new store openings. It closed unchanged at $9.42.
Outside the main index, New Zealand Oil and Gas added 23 per cent to 61 cents after OG Oil & Gas offered a 25 per cent premium to buy out minority holders in the Wellington-based explorer. Singapore-based OGOG, the oil and gas arm of Ofer Global and 70 percent-owner of NZOG, is offering 62 cents for the shares it doesn't already own.
PaySauce was unchanged at 1.1 cents. Earlier the company said it saw strong growth in the second quarter as the number of New Zealand workers receiving their pay through its software continued to climb.
Looking ahead, Scott said investors will be waiting for US Federal Reserve chair Jerome Powell's semi-annual monetary policy report to the House Financial Services Committee on Wednesday in the US and then the Senate Banking Committee on Thursday.
Property and utility stocks, favoured for their reliable dividend flows, have weakened in recent days after strong jobs data in the US tempered expectations for a 50 basis-point rate cut there at the end of the month
Should Powell use the opportunity to stoke expectations for further US rate cuts, equity markets will get a lift which will set the tone for trading tomorrow, Scott said.
