NZ sharemarket ends flat as US Federal Reserve decision looms

NZ sharemarket ends flat as US Federal Reserve decision looms
Tower expects a higher net profit, provided no major weather events hit this month. (Image: Getty)
Jamie Gray
The New Zealand sharemarket ended flat on Friday as investors took to the sidelines ahead of next week’s GDP data and an all-important rate call from the US Federal Reserve.The S&P/NZX 50 Index ended at 13,277.90, down 1.24 points or 0.01%, with 40.69 million shares worth $130.6m trading.There were 71 rises and 53 falls on the main board.'Positive territory'“The market is down slightly today [Friday] and is finishing the week basically flat,” Craigs Investment Partners investment director Mark Lister said.“We...

More Markets

Locate Technologies plans to quit ASX for NZX
Markets

Locate Technologies plans to quit ASX for NZX

Bitcoin-favouring Locate Technologies eyes move to NZX's main board.

Vital takeover bid passes threshold at 11th hour
Markets

Vital takeover bid passes threshold at 11th hour

Tait International has secured acceptances to meet the 90% minimum condition for its Vital takeover less than a day before the offer was set to expire.Vital filed a substantial product holder (SPH) notice to the NZX on Friday morning, which showed Tait's stake lifted to 92.1%...

Tower again hikes FY underlying profit outlook
Markets

Tower again hikes FY underlying profit outlook

Insurer sees FY underling profit up as large events weigh less than expected     

F&P Healthcare one step closer to new Karaka campus
Policy

F&P Healthcare one step closer to new Karaka campus

Auckland Council has approved a request to rezone nearly 90ha going to hearings.