Tegel Group Holdings was the worst performer, down 2.3 per cent. Australian rival Ingham's Group expects New Zealand's oversupply of chicken to continue this year, keeping prices cheap and crimping its local earnings. Both companies have had to contend with low domestic prices with chicken supply outstripping demand over the past six months.
"They've been a pretty mixed performer, they haven't been able to deliver as strongly as investors would've liked," Lister said. "They've disappointed the market a couple of times since listing and investors will want to see evidence of them improving before they give them the benefit of the doubt. They're not reporting this season, I think the jury will be out over the short term until investors see results."
Restaurant Brands fell 1.8 per cent to $5.36, Trustpower dropped 1.1 per cent to $4.54 and Auckland International Airport declined 1.1 per cent to $6.875.
Outside the benchmark index, cancer diagnostics company Pacific Edge gained 6 per cent to 53 cents after undertaking an $8m share placement to institutional and other select investors in New Zealand in order to shore up its balance sheet.
Pushpay Holdings rose 3.1 per cent to $2.01. The mobile app developer has entered a funding agreement for a research and development grant from Callaghan Innovation.
Trilogy International declined 2.7 per cent to $2.53.
"They're having a pretty weak day and they've been the market darling over the years, it's almost down 50 per cent from lofty levels last year," Lister said. "It looks like there's been some selling from one institutional shareholder that's driven this latest bit of weakness. I think there's a few people reconsidering the growth story they've got ahead of them."