Share Market Balanced By Overseas Issues
Strength in the overseas list again brought the market into balance yesterday in more active trading over a wider range. Australian leaders headed the advance, and key New Zealand stocks were steady. Broken Hill Proprietary was in demand and the price climbed during the day to reach its peak again for the year of 49s 6d in Christchurch and Wellington with sales in Auckland at 49s 7d. Ross and Glendining made its most marked move in recent trading to gain 4d to 14s —the highest point since the United Empire Box bid.
Fletcher reacted swiftly to the higher dividend announcement with a rise of lOd to 19s 3d. New Zealand Refining at 38s 6d and Northern Steel at 14s 3 each gained 9d, while Bartholomew at 17s, Morrison-P.LM. at 20s and Motor Holdings at 13s each rose 6d.
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Bibliographic details
Press, Volume CVI, Issue 31076, 3 June 1966, Page 13
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144Share Market Balanced By Overseas Issues Press, Volume CVI, Issue 31076, 3 June 1966, Page 13
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