CORNER TURNED.
STOCK EXCHANGE LEVELS.
BUYERS PLACE LARGE ORDERS.
HOW MARKET HAD FALLEN'.
J (Received noon.) J LONDON, June 28. 1 One of the most depressing periods 01 the war for the Stock Exchange ended yesterday, when institutional investors, reputedly acting on an official hint, placed substantial buying orders for leading industrial stocks. There was an immediate response lor the market was in such an over-sold condition that prices recovered ■disproportionately to the actual increase in turnover. The improvement, however, continued to-day. I Financial indices for industrial equities hail fallen by June 20 to a record low level. Leading wsties were then showing an average lass of one-third in value since the collapse of the French armies after bed a n. The slump was so marked that it threatened the stability of the gilt-edged market.
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Bibliographic details
Auckland Star, Volume LXXI, Issue 153, 29 June 1940, Page 4
Word Count
135CORNER TURNED. Auckland Star, Volume LXXI, Issue 153, 29 June 1940, Page 4
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