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...

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