TRADING ON MELBOURNE
Big Turnover, Firmer Prices IN.Z Press Assn —C oni/rio at > MELBOURNE. Feb. 10. Trading on the Melbourne Stock Exchange this week saw the heaviest turnover for the year and a firmer price trend with 680,000 shares changing hands in two days. Buying pressure strengthened and several individual issues made good gains. Over the whole market, rises slightly outnumbered falls. Excellent Reports Release of some excellent company reports for the halfyear to December 31, contributed to the confident tone. Three hire purchase companies have reported higher profits for the six months and most company dividend announcements for the week were at steady levels. Sales of mining shares declined, but there was more turnover in loans. Colonial Sugar advanced £3 15s for the week, while E.Z., Herald and Commonwealth Industrial Gases closed at higher levels, B.H.P. remained steady at 635.
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Bibliographic details
Press, Volume C, Issue 29437, 13 February 1961, Page 8
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141TRADING ON MELBOURNE Press, Volume C, Issue 29437, 13 February 1961, Page 8
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