New Zealand shares dipped in a quiet market without Australian investors, as Investore Property fell while Sky Network Television and Metro Performance Glass rose.
The S&P/NZX 50 Index fell 3.36 points, or 0.045 percent, to 7,432.74. Within the index, 22 stocks fell, 18 rose and ten were unchanged. Turnover was $67 million.
"It's a bit of a dull old day, with the Australian market closed for their Queen's Birthday public holiday, the institutional investors are not involved so we haven't seen much activity here," said Grant Williamson, director at Hamilton Hindin Greene.
The surprise result of the UK general election last Friday, which saw the Theresa May-led Conservative party lose its majority and a hung parliament, hasn't unsettled markets too much at this stage, Williamson said, though things could change as the week progresses.
May is now attempting to negotiate a coalition with the Northern Irish Democratic Unionist Party, ahead of Brexit negotiations with the EU due to begin this month.