Market Decline Led By Key Stocks
Key stocks led a sharp decline in yesterday’s trading. Rises were mainly insignificant. Some leaders were sold at markedly lower prices, and the range of falls was wide.
New Zealand Insurance at 22s 3d, Fletcher at 18s and Schofield at 43s 9d each lost 9d. Winstone new sagged in sympathy with the old shares and lost Is 9d to 39s 3d. Losses of 6d each were shown by Alex Harvey, Hay’s notes, K.P. Drug. New Zealand Refining, Rex Consolidated rights, Tasman, and Vibrapac. Woolworths notes fell 9d to 9s. Breweries edged back with falls of Id by both Dominion and New Zealand- Pye Electronics lost 4d to 9s 2d, Reid Rubber 7d to 25s 2d and Tolley 4d to 12s 2d. McKendrick old and new, and New Zealand Sea Products each moved up Id, while C.P.D. B rose 3d to 13s 3d.
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Press, Volume CVI, Issue 31153, 1 September 1966, Page 18
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148Market Decline Led By Key Stocks Press, Volume CVI, Issue 31153, 1 September 1966, Page 18
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