The steam came out of the NZX 50 Index on Wednesday, although investors continued to favour Fonterra tradable units and Trade Me, owing to pending index changes.
The NZX 50 Index eased 1.72 points, or 0.4 per cent, to 4169.23, on volume of 32.65 million shares, valued at $101.8 million.
Within the index, 20 shares rose, and 19 fell, leaving 11 unchanged.
"The highlights this week are the index changes," said James Snell at First NZ Capital.
"People have been pre-empting those moves. Both stocks have got gradually better over the week.
Fonterra Shareholders Fund tradeable units will enter the NZX 50 on Monday, replacing lowest ranked Cavalier Corp, while Trade Me's rating will increase from 1.83 per cent at present.
In the last week, FSF units have risen from $7.31 to $7.49, and were up 0.8 per cent today at a new record of $7.49. The units sold at $5.50 in last November's initial public offering and listed at $6.67.
Trade Me shares have risen 5.4 per cent in the last week and closed on Wednesday at $4.16, up 1.5 per cent.
Biggest gainer on the day was Oceana Gold, up 5.2 per cent to $3.48, while dual-listed APN News & Media, publisher of the New Zealand Herald and rarely traded on the NZX, had the second strongest gain, up 2.86 per cent to 36 cents.
Falling most were telecommunications component-maker Rakon, down 2.7 per cent to 36 cents also, and outdoor equipment and clothing company Kathmandu down 1.85 per cent, to $2.12.
Keep reading - next article