"It's been a while since we've been able to point to the New Zealand market and say we are holding up better than others but we've been hit harder generally over the past couple of months," Lister said. "I get the feeling the market has found a bit of a base, having suffered a reasonable selloff particularly through October. We're 8 or 9 percent below where we were in September, but we've got some stability down at these levels and we're seen a few bargain hunters picking up some stock in some good quality companies."
Metro Performance Glass was one of those companies, up 1.6 percent to $1.95 today, while Fisher & Paykel Healthcare gained 0.7 percent to $8.33.
"They're having a rebound today - obviously they had a very rough week last week, down about 10 percent for the week, it's up a couple of percent, and a little bit of a rebound for Fisher & Paykel Healthcare as well, which took a bit of a beating last week as well."
Sky Network Television was the best performer, up 3 percent to $4.74, while Contact Energy gained 2.6 percent to $4.72.
Vital Healthcare Property Trust dropped 2.4 percent to $2 and Goodman Property Trust shed 2.4 percent to $1.23.
Outside the benchmark index, Smartpay Holdings gained 9.4 percent to 17.5 cents. The listed payment terminal supplier has warned it is experiencing a decline in both existing and anticipated growth in the Australian taxi market due to the continual disruption of the industry.
OceanaGold Corp rose 3.3 percent to $4.07. The owner of New Zealand's biggest gold mine at Macraes is to delist from the NZX at the end of the year to reduce compliance costs, leaving its shares to trade on the ASX and the Toronto Stock Exchange.
Green Cross Health gained 1.2 percent to $2.58. The listed medical services provider saw its first-half operating profit stall despite a large one-off gain which boosted its statutory net profit 24 percent.