NZ market flat, Tower rises
The S&P/NZX 50 Index closed at 11,931.32, down 2.99 points or 0.03% with the turnaround coming in the last 45 minutes when brokers match their buy and sell orders.
The intraday low was 11,840.57 points. The index declined 0.67% this week and has gained 1.4% for the year to date.
There were 66 gainers and 71 decliners over the whole market with 25.9 million shares worth $84.39 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said with the school holidays starting, many people were away and the market was stuck in a traffic jam.
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