The New Zealand share market lost a little ground on Monday as traders cashed in some profits made in the market's run-up to a record high last week.
The 13-month old benchmark NZSX-50 Index closed down 9.54 points, or 0.36 percent, at 2,645.30 following a 1.7-percent gain last week.
Turnover was light at NZ$67 million ($42 million) compared with Friday's NZ$104 million.
Richard Burton of Forsyth Barr said many of the stocks to fall were being targeted by investors booking a profit after prices ran up.
Heavyweight Telecom Corp reflected the general trend, off one cent at NZ$5.67.
Other leading stocks to slip back included Carter Holt Harvey, down six cents at NZ$2.13 and Fletcher Building, down two cents at NZ$4.58.
Power company Contact Energy, which will report its first half result on Thursday, fell eight cents to NZ$5.80 from a record high of NZ$5.88.
Utilities investor Infratil lost three cents of Friday's 10 cent gain, last trading at NZ$3.02.