Meridian Energy slipped 0.6% to $5.42 after reporting a 32% decline in annual earnings, while reporting an unchanged dividend. The board said it will review dividends in future severe droughts, to make sure the power company maintains its credit rating. Summerset Group Holdings fell 1.6% to $10.53 ahead of its first-half result on Thursday, while Ryman Healthcare declined 3.2% to $2.41. Precinct Properties NZ decreased 0.4% to $1.265 after reporting adjusted funds from operations slightly below expectations, while lowering the payout range as a result of reviewing its dividend policy. An apple a day Scales Corp rose for a fourth day as it posted the biggest gain on the benchmark index, up 2.9% at $5.05, and hitting a three-year high as brokers welcomed the horticulture firm's strong first-half result. Other gainers including Property for Industry, up 2.2% at $2.38, while KMD Brands rose 2.1% to 24 cents and a2 Milk Co advanced 1.9% to $10.30.