AUST. SHARE PRICES
Lowest Level Since 1963 (N.Z. Press Assn— Copyripht> SYDNEY, April 29 Australian share prices fell again yesterday to their lowest levels since mid-1963, the “Australian Financial Review” reported today. It said market averages are now about 17 per cent below their opening levels this year and 19 per cent below the alltime peak established in February. 1964. The percentage fall is nearing the size, though not the rate, of the fall between September and November, 1960, when market averages fell by, about 23 per cent. Index Comparison
At its present level the Sydney ordinary share price index is about half-way between the 1960 peak and trough. The current fall mainly reflects the two-way capital squeeze threatening Australia from the United States and United Kingdom capital export curbs. Losses to gains yesterday ran in the ratio of around five-to-one as selling came in solid volume.
There were some signs of improvement at the close. 8.H.P., which had opened at 49s 6d. fell to 48s 3d during the day then recovered to 49s 3d. C.S.R. fell to a three-year low of 58s.
South British. — South British interim dividend is payable on April 30 not April 13.-—<P.A.)
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Bibliographic details
Press, Volume CIV, Issue 30738, 30 April 1965, Page 16
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197AUST. SHARE PRICES Press, Volume CIV, Issue 30738, 30 April 1965, Page 16
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