NEW Zealand shares extended their decline from a two-month high as investors mulled the potential for mixed results in the looming earnings season.
The NZX 50 Index fell 15.585 points, or 0.3 per cent, to 4563.385. Within the index, 25 stocks fell, 15 rose and 10 were unchanged. Turnover was a lower-than-average $81.8 million.
Chorus, which was spun off from Telecom in 2011, fell 2.2 per cent to $2.70, bringing its decline this year to about 8 per cent.
Auckland Airport fell 1.3 per cent to $3.07, and Fletcher Building declined 0.6 per cent to $8.47.
"It will be a good, solid earnings season although there will be some winners and losers," said Mark Lister, head of private wealth research at Craigs Investment Partners.
Companies exposed to the Australian economy and the weak Australian dollar against the New Zealand dollar may show some weakness, "given there are a few cracks appearing in Australia in the short-term", he said.
Fisher & Paykel Healthcare fell 1.7 per cent to $3.52 and Port of Tauranga declined 2.1 per cent to $14.50.
Metlifecare, the retirement village operator, fell 2.7 per cent to $3.25.
Retailers were mixed after figures showed consumer confidence slipped from a three-year high this month.
Warehouse Group climbed 2.1 per cent to $3.95, outdoor equipment chain Kathmandu gained 0.4 per cent to $4.88 and clothing group Hallenstein Glasson advanced 0.4 per cent to $2.64.
Tourism Holdings was unchanged at 60 cents after the rental campervan operator said it will fill any gaps left by the receivership of rival Pacific Horizon.
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